Altcoins are recovering, but here's why BNB is lagging behind
-The price of BNB increased by only 1.5% in the last 24 hours.
- The market was dominated by a bearish trend around cryptocurrency.
-The crypto market has been bullish, allowing the value of many cryptocurrencies to rise, but Binance Coin [BNB] investors may be at risk.
-A recent analysis stated that BNB is among the cryptocurrencies with the least growth potential because it has risen sufficiently over the years.
This is to be expected from BNB.
Our analysis revealed that BNB's Social Volume remained high throughout the past week. However, the sentiment around the cryptocurrency has turned bearish, as evidenced by the decline in Weighted Sentiment.
However, derivative measurements of the cryptocurrency look a bit bullish. For example, BNB's Funding Rate has increased, which indicates that demand in the derivatives market is high.
Additionally, after a slight decline, the Open Interest of the coin has also increased, indicating that the price upward trend is likely to continue. #Altcoins👀🚀#Binance#BNB! $BNB #bullrun2024! #theairdrop @theairdrop