WHY MOST OF THE TOP COINS PRICE
ON BINANCE GOES DOWN 📈📈
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Here are some reasons why the prices of most coins on Binance may go down ¹ ²:
(1-) BNB Smart Chain seeing decreased activity: Despite overcoming regulatory challenges, Binance's BNB Smart Chain (BSC) has seen a resurgence in activity followed by a decrease.
(2-) Binance exchange experiencing reduced trading volumes: Binance appears to be losing market share as regulatory challenges in the United States and Nigeria continue to negatively impact its operations.
(3-) Profit-booking on the latest rally: BNB's recent price surge has led to profit-booking, causing the price to turn down with risks of further dips.
(4-) Decreased total value locked (TVL) on the network: Data from DefiLlama reveals a decreasing TVL on BNB Chain, suggesting that users and developers are interacting less with the network.
(5-) Decrease in transaction volume: Data from DappRaddar shows that BNB Chain's transaction volume has decreased by 21% over the last 30 days.
