As BTC rose and returned to 7W1, the market as a whole generally rose, and the currency circle was peaceful again.
The decline in April was unbearable
May’s sideways torment was severe
The rise in June is the cure for everything! And this process of BNB is undoubtedly dazzling. It exploded to 120 US dollars in two days, and it was unstoppable all the way.
Why does BNB rise?
1. Holding BNB coins can enjoy the transaction fee reduction of BN transactions, which is a significant advantage for friends who frequently trade.
2. BN often holds IEO projects, and participating in these projects requires BNB coins. Holding BNB coins makes it easier for investors to participate in these projects and gain opportunities.
3. As the BN ecosystem continues to expand, some uses of BNB coins have further increased. Holding BNB allows investment to better participate in various activities and projects in the BN ecosystem.
4. The continuous BNB burning mechanism may have a positive impact on the price due to the relationship between supply and demand.
Ecological expansion: The expansion and maturity of the BSC ecosystem will directly increase the value of BNB
Taking a comprehensive look at the market trend, BNB has the potential to break new highs. And as the potential positive factors will gradually be realized, the value of BNB is expected to be further enhanced.
Although the market has soared, there is still a shortage of funds on the market, and the market pull depends entirely on institutions. However, large institutions basically focus on ETFs and spot products, and the influence of copycats is not great. This can also be seen on the chain.
Do you think BNB can break through 1,000$?
