The next series of TON mini-games will continue to provide fresh blood for BNB. In addition to the interest rate cut, cz will come out after the interest rate cut. With a series of chain operations, BNB is expected to break through the 600 mark!
Recently, the price of BNB (Binance Coin) rose by 7% between September 11 and September 13, breaking through $550, thanks to its improving fundamentals, especially the increase in use cases outside of DeFi. Although BNB has struggled to stay above $600 in the past few months, it is still the third largest cryptocurrency, second only to Bitcoin and Ethereum.
The main reasons driving this rise include:
Binance Launchpad incentives: Two new launch pool projects, Hamster Kombat (HMSTR) and Catizen (CATI), are attracting investors, and users can earn rewards by staking BNB and FDUSD. In addition, the rumored BNB re-staking plan has also increased market expectations.
BNB Chain's diverse applications: Not only limited to DeFi, other projects on BNB Chain, such as the metaverse game Cellula and the social network StarryNift, have also driven the demand for BNB. These projects all require BNB to pay transaction fees, which has led to the growing use of the token in the network. According to DappRadar data, the transaction volume of BNB Chain decentralized applications increased by 12%, while Ethereum fell by 23% during the same period.
Combined with these factors, the market's continued growth in the upcoming products, CZ's movements, and the activity of BNB Chain, many believe that BNB is expected to break the $600 mark in the short term.
