Why does BNB rise, should we continue to add to it?
In the past 24 hours, BNB's trading volume has increased significantly by 15%, reaching a staggering $2.3 billion compared to the previous trading day.
The market value of Binance Coin is currently $103.1 billion, and it has increased by more than $7 billion in 24 hours.
1. Market trend
BNB shows stable growth and sufficient market confidence.
Short-term fluctuations do not affect long-term growth potential.
2. Technical analysis
BNB price and trading volume fluctuate in a positive direction, indicating a possible upward breakthrough.
3. Fundamentals
BNB's destruction mechanism increases scarcity and may push up prices.
Binance Smart Chain (BSC) and its ecological development are strong, providing support for BNB.
4. Macroeconomics
Changes in regulatory policies may affect BNB's performance, and clear supervision will enhance market confidence.
5. Potential benefits
BSC ecological expansion and expansion of usage scenarios will increase BNB's value.
Binance's global expansion and improved regulatory environment will promote BNB's adoption rate.
Mining every month to improve BNB utilization.
Market sentiment improvement and destruction mechanism continued to be implemented, positively affecting prices.
