WHY BNB PRICE DECREASED IN THE LAST 24 HOURS? 📉
1. Reduced Activity on BNB Smart Chain:
Trading Volume: Down 21% over the past 30 days.Unique Active Wallets (UAWs): Down 14% to 1.46 million.Total Value Locked (TVL): Down 6.8%, now $4 .83 billion.
2. Binance Market Share Decreases:
Transaction Volume: Down 83%, from $61.05 billion on March 15 to $10 billion on June 10. Market Share: Down 17.3%, to $1.68 trillion in May.
3. Legal Challenges:
Continuing legal problems in the US and Nigeria affect investor confidence.
4. Profit Taking Action of Investors:
Investors took profits after the price reached a new peak. The price could fall further if the $600 support breaks.
📊 Recent Prices:
From May 30, 2024 to June 11, 2024, BNB price decreased by about 15%, from $720 to $609, currently at $616.
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