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BNBUSD Patience needed. One more month of consolidation before $2350.Binance Coin (BNBUSD) has been in Accumulation Mode since early March (March 11 1W candle), trading sideways within initially the Mayer Multiple Bands (MMB) Mean (black trend-line) and the 1st SD above (grey trend-line) and since July within the 1st SD above and the 1W MA50 (blue trend-line). With regards to the 1W MA50 in particular, not only has it been the support since the late December 2023 bullish break-out but was successfully tested and held on the most recent pull-back, the August 05 Low. This solidifies its position as the Support throughout the remainder of the Bull Cycle, which was in fact also the case during the previous Cycle where BNB had the final accumulation phase (blue ellipse) from September to December 2020, again within the same MMB - 1W MA50 zone, which initiated the most aggressive part of the Cycle (parabolic rally). Check also how similar their RSI sequences are. That rally peaked on the MM 3rd SD above (red trend-line) so a $2350 price tag, which will 'only' come close to the 2nd SD (orange trend-line), appears to be a realistic Target. So in conclusion, BNB investors need to have 1 more month of patience before they see a real rally, as it was on the week of February 01 2021 that BNB's Parabolic Rally started. As a side-note, check how the Sine Waves serve as an excellent tool in roughly estimating the timing of the Cycle's peak, as it was very efficient during the previous two Cycles. That could be anywhere around June - July 2025. Please LIKE šŸ‘, FOLLOW āœ…, SHARE šŸ™Œ and COMMENT āœ if you enjoy this idea! #bnb #bnbusd #bnbusdt #binancecoin #signals

BNBUSD Patience needed. One more month of consolidation before $2350.

Binance Coin (BNBUSD) has been in Accumulation Mode since early March (March 11 1W candle), trading sideways within initially the Mayer Multiple Bands (MMB) Mean (black trend-line) and the 1st SD above (grey trend-line) and since July within the 1st SD above and the 1W MA50 (blue trend-line).
With regards to the 1W MA50 in particular, not only has it been the support since the late December 2023 bullish break-out but was successfully tested and held on the most recent pull-back, the August 05 Low.
This solidifies its position as the Support throughout the remainder of the Bull Cycle, which was in fact also the case during the previous Cycle where BNB had the final accumulation phase (blue ellipse) from September to December 2020, again within the same MMB - 1W MA50 zone, which initiated the most aggressive part of the Cycle (parabolic rally). Check also how similar their RSI sequences are.
That rally peaked on the MM 3rd SD above (red trend-line) so a $2350 price tag, which will 'only' come close to the 2nd SD (orange trend-line), appears to be a realistic Target. So in conclusion, BNB investors need to have 1 more month of patience before they see a real rally, as it was on the week of February 01 2021 that BNB's Parabolic Rally started.
As a side-note, check how the Sine Waves serve as an excellent tool in roughly estimating the timing of the Cycle's peak, as it was very efficient during the previous two Cycles. That could be anywhere around June - July 2025.
Please LIKE šŸ‘, FOLLOW āœ…, SHARE šŸ™Œ and COMMENT āœ if you enjoy this idea!
#bnb #bnbusd #bnbusdt #binancecoin #signals
šŸ“¢ Why You Should Invest in Binance Coin (BNB) šŸ“ˆšŸ“ˆšŸ“ˆBinance Coin ($BNB ) has emerged as a prominent cryptocurrency with strong potential for growth.1 Here's why you should consider investing in BNB: 1. Strong Ecosystem: BNB is the native token of the Binance ecosystem, one of the largest cryptocurrency exchanges globally. This provides a robust platform for its utility and value. 2. Diverse Use Cases: $BNB has multiple use cases within the Binance ecosystem, including: Fee Discounts: Enjoy reduced trading fees on the Binance exchange. Payment for Services: Utilize BNB to pay for various services within the Binance ecosystem. Staking Rewards: Earn passive income by staking your BNB. Governance Rights: Participate in the governance of the Binance Chain. 3. Deflationary Model: Binance regularly burns a portion of its BNB holdings, reducing the total supply over time. This can potentially increase the value of each remaining token. 4. High Performance Blockchain: The Binance Smart Chain (BSC) offers fast transaction speeds and low fees, making it an attractive platform for decentralized applications (dApps). 5. Growing Adoption: The increasing popularity of the Binance ecosystem and BSC has led to wider adoption of $BNB , boosting its demand and value. 6. Potential for High Returns: As the cryptocurrency market continues to grow, BNB's strong fundamentals and utility position it for significant price appreciation. Important Considerations: Volatility: Like all cryptocurrencies, BNB is subject to price volatility.Regulatory Risks: The cryptocurrency market is still evolving, and regulatory changes can impact the value of BNB.Thorough Research: Before investing, conduct thorough research and understand the risks involved.Diversification: Consider diversifying your investment portfolio to manage risk. By carefully considering these factors, you can make an informed decision about investing in Binance Coin (BNB). #binancecoin #BNBAnalysis #BNBToken #BTC {spot}(BNBUSDT)

šŸ“¢ Why You Should Invest in Binance Coin (BNB) šŸ“ˆšŸ“ˆšŸ“ˆ

Binance Coin ($BNB ) has emerged as a prominent cryptocurrency with strong potential for growth.1 Here's why you should consider investing in BNB:
1. Strong Ecosystem:
BNB is the native token of the Binance ecosystem, one of the largest cryptocurrency exchanges globally. This provides a robust platform for its utility and value.
2. Diverse Use Cases:
$BNB has multiple use cases within the Binance ecosystem, including:
Fee Discounts:
Enjoy reduced trading fees on the Binance exchange.
Payment for Services:
Utilize BNB to pay for various services within the Binance ecosystem.
Staking Rewards:
Earn passive income by staking your BNB.
Governance Rights:
Participate in the governance of the Binance Chain.
3. Deflationary Model:
Binance regularly burns a portion of its BNB holdings, reducing the total supply over time. This can potentially increase the value of each remaining token.
4. High Performance Blockchain:
The Binance Smart Chain (BSC) offers fast transaction speeds and low fees, making it an attractive platform for decentralized applications (dApps).
5. Growing Adoption:
The increasing popularity of the Binance ecosystem and BSC has led to wider adoption of $BNB , boosting its demand and value.
6. Potential for High Returns:
As the cryptocurrency market continues to grow, BNB's strong fundamentals and utility position it for significant price appreciation.
Important Considerations:
Volatility: Like all cryptocurrencies, BNB is subject to price volatility.Regulatory Risks: The cryptocurrency market is still evolving, and regulatory changes can impact the value of BNB.Thorough Research: Before investing, conduct thorough research and understand the risks involved.Diversification: Consider diversifying your investment portfolio to manage risk.
By carefully considering these factors, you can make an informed decision about investing in Binance Coin (BNB).
#binancecoin #BNBAnalysis #BNBToken #BTC
--
Bullish
A snapshot of Binance's Proof of Reserves (PoR) dashboard. Audit Time and Verification: The audit is dated 01/12/24 at BTC Block Height 872689. Verification Mechanism: zk-SNARKs (a zero-knowledge proof method ensuring data privacy while proving reserves). Merkle Root Hash: Displays the cryptographic root hash used to verify reserves (unique identifier of the audit data). Reserve Ratios and Assets: Shows the reserve ratios for several cryptocurrencies and stablecoins, highlighting how well Binance is covering its customer net balances. Asset Breakdown: BTC (#Bitcoin ): Reserve Ratio: 108.21% (over-collateralized). Customer Net Balances: 580,111.242 BTC. Binance Net Balances: 627,745.577 BTC. USDT (#Tether ): Reserve Ratio: 108.96%. Customer Net Balances: 25,219,800,353.691 USDT. Binance Net Balances: 27,478,766,107.743 USDT. ETH (#Ethereum ): Reserve Ratio: 102.68%. Customer Net Balances: 4,945,692.541 ETH. Binance Net Balances: 5,078,355.565 ETH. BNB (#binancecoin ): Reserve Ratio: 105.54%. Customer Net Balances: 37,124,817.66 BNB. Binance Net Balances: 39,182,785.337 BNB. SOL (#Solana ): Reserve Ratio: 101.38%. Customer Net Balances: 27,303,879.491 SOL. Binance Net Balances: 27,680,909.192 SOL. FDUSD (First Digital USD): Reserve Ratio: 124.46% (highly over-collateralized). Customer Net Balances: 1,260,486,541.802 FDUSD. Binance Net Balances: 1,568,810,004.975 FDUSD. XRP (Ripple): Reserve Ratio: 100.31% (close to exact balance). Customer Net Balances: 2,906,457,975.426 XRP. Binance Net Balances: 2,915,403,958.877 XRP. USDC (USD Coin): Reserve Ratio: 133.35% (highly over-collateralized). Customer Net Balances: 1,987,798,991.806 USDC. Binance Net Balances: 2,650,677,125.227 USDC. $SOL {future}(SOLUSDT) $USDC {future}(USDCUSDT) $BNB {future}(BNBUSDT)
A snapshot of Binance's Proof of Reserves (PoR) dashboard.

Audit Time and Verification:
The audit is dated 01/12/24 at BTC Block Height 872689.
Verification Mechanism: zk-SNARKs (a zero-knowledge proof method ensuring data privacy while proving reserves).

Merkle Root Hash:
Displays the cryptographic root hash used to verify reserves (unique identifier of the audit data).

Reserve Ratios and Assets:
Shows the reserve ratios for several cryptocurrencies and stablecoins, highlighting how well Binance is covering its customer net balances.

Asset Breakdown:

BTC (#Bitcoin ):
Reserve Ratio: 108.21% (over-collateralized).
Customer Net Balances: 580,111.242 BTC.
Binance Net Balances: 627,745.577 BTC.

USDT (#Tether ):
Reserve Ratio: 108.96%.
Customer Net Balances: 25,219,800,353.691 USDT.
Binance Net Balances: 27,478,766,107.743 USDT.

ETH (#Ethereum ):
Reserve Ratio: 102.68%.
Customer Net Balances: 4,945,692.541 ETH.
Binance Net Balances: 5,078,355.565 ETH.

BNB (#binancecoin ):
Reserve Ratio: 105.54%.
Customer Net Balances: 37,124,817.66 BNB.
Binance Net Balances: 39,182,785.337 BNB.

SOL (#Solana ):
Reserve Ratio: 101.38%.
Customer Net Balances: 27,303,879.491 SOL.
Binance Net Balances: 27,680,909.192 SOL.

FDUSD (First Digital USD):
Reserve Ratio: 124.46% (highly over-collateralized).
Customer Net Balances: 1,260,486,541.802 FDUSD.
Binance Net Balances: 1,568,810,004.975 FDUSD.

XRP (Ripple):
Reserve Ratio: 100.31% (close to exact balance).
Customer Net Balances: 2,906,457,975.426 XRP.
Binance Net Balances: 2,915,403,958.877 XRP.

USDC (USD Coin):
Reserve Ratio: 133.35% (highly over-collateralized).
Customer Net Balances: 1,987,798,991.806 USDC.
Binance Net Balances: 2,650,677,125.227 USDC.
$SOL
$USDC
$BNB
Friday the 13th.. CRYPTO UPDATE Bitcoin (BTC): $99,924.16 (+0.70%) Ethereum (ETH): $3,909.43 (+0.51%) Binance Coin (BNB): $707.81 (+1.34%) Tether (USDT): $1.00 (+0.01%) USD Coin (USDC): $1.00 (+0.04%) 3-DAY FORECAST BTC: $103,343 (Day 1), $103,238 (Day 2), $103,135 (Day 3) ETH: $4,100 (Day 1), $4,080 (Day 2), $4,060 (Day 3) BNB: $720 (Day 1), $715 (Day 2), $710 (Day 3) USDT & USDC: Stable at $1.00 Stay ahead of the crypto game! #Write2Earn #Cryptocurrency #bitcoin I #ethereum #binancecoin #tether #usdcoin #cryptoforecast
Friday the 13th..
CRYPTO UPDATE

Bitcoin (BTC): $99,924.16 (+0.70%)
Ethereum (ETH): $3,909.43 (+0.51%)
Binance Coin (BNB): $707.81 (+1.34%)
Tether (USDT): $1.00 (+0.01%)
USD Coin (USDC): $1.00 (+0.04%)

3-DAY FORECAST

BTC: $103,343 (Day 1), $103,238 (Day 2), $103,135 (Day 3)
ETH: $4,100 (Day 1), $4,080 (Day 2), $4,060 (Day 3)
BNB: $720 (Day 1), $715 (Day 2), $710 (Day 3)
USDT & USDC: Stable at $1.00

Stay ahead of the crypto game!
#Write2Earn
#Cryptocurrency #bitcoin I #ethereum #binancecoin #tether #usdcoin #cryptoforecast
šŸ”„šŸ”„šŸ”„ #binancecoin $BNB ) Falls Below Critical Support Level As of the latest update, BNB is currently trading at $592.71, reflecting an 18% decline in value since June 6. - Binance Coin Faces #BEARISHšŸ“‰ Signals Since reaching its year-to-date peak on June 6, BNB has undergone a downward trajectory, forming a descending triangle pattern. A descending triangle typically signals bearish sentiment, characterized by lower highs and a horizontal support level. For BNB, this support rests at $593.90, a level it presently trades below. In such patterns, a failure by bulls to defend this support often precedes a bearish breakout, indicating a continuation of the downtrend as sellers outnumber buyers. BNB's price is currently below its 20-day exponential moving average (EMA), signaling reduced buying pressure. This suggests increased coin distribution and a decline in buying interest, contributing to a bearish sentiment. - BNB Price Prediction: Long Traders Maintain Optimism Despite the recent price decline, BNB's futures open interest has seen a notable drop from its year-to-date peak of $1.12 billion on June 8 to $674 million as of now, marking a 33% decrease. Futures open interest measures the total number of outstanding futures contracts yet to be closed or settled. A decline in open interest typically indicates more traders exiting the market without initiating new positions. Despite these developments, BNB's funding rate across cryptocurrency exchanges remains predominantly positive at 0.0021%. Funding rates are mechanisms used in perpetual futures contracts to keep contract prices close to spot prices. A positive funding rate indicates more traders holding long positions, signaling confidence in BNB's potential price increase. If selling pressures ease, BNB could potentially rebound above $600, aiming for around $615.10. Conversely, sustained bearish sentiments might drive BNB's price further down towards the $555.90 mark. Source - beincrypto.com #CryptoMarkets #BinanceSquareAnalysis #BinanceSquareTalks
šŸ”„šŸ”„šŸ”„ #binancecoin $BNB ) Falls Below Critical Support Level

As of the latest update, BNB is currently trading at $592.71, reflecting an 18% decline in value since June 6.

- Binance Coin Faces #BEARISHšŸ“‰ Signals

Since reaching its year-to-date peak on June 6, BNB has undergone a downward trajectory, forming a descending triangle pattern.

A descending triangle typically signals bearish sentiment, characterized by lower highs and a horizontal support level. For BNB, this support rests at $593.90, a level it presently trades below. In such patterns, a failure by bulls to defend this support often precedes a bearish breakout, indicating a continuation of the downtrend as sellers outnumber buyers.

BNB's price is currently below its 20-day exponential moving average (EMA), signaling reduced buying pressure. This suggests increased coin distribution and a decline in buying interest, contributing to a bearish sentiment.

- BNB Price Prediction: Long Traders Maintain Optimism

Despite the recent price decline, BNB's futures open interest has seen a notable drop from its year-to-date peak of $1.12 billion on June 8 to $674 million as of now, marking a 33% decrease.

Futures open interest measures the total number of outstanding futures contracts yet to be closed or settled. A decline in open interest typically indicates more traders exiting the market without initiating new positions.

Despite these developments, BNB's funding rate across cryptocurrency exchanges remains predominantly positive at 0.0021%. Funding rates are mechanisms used in perpetual futures contracts to keep contract prices close to spot prices.

A positive funding rate indicates more traders holding long positions, signaling confidence in BNB's potential price increase. If selling pressures ease, BNB could potentially rebound above $600, aiming for around $615.10.

Conversely, sustained bearish sentiments might drive BNB's price further down towards the $555.90 mark.

Source - beincrypto.com

#CryptoMarkets #BinanceSquareAnalysis #BinanceSquareTalks
Moonbix Listing Price šŸ¤‘šŸšØHere's a simplified version of the text: "Moonbix ($MBIX) Crypto Coin: What to Expect The crypto market is buzzing about Moonbix ($MBIX)! Here's what we know and what's still rumored: - Listing Date: Maybe Q4 2024 or early 2025 on Binance, but not confirmed yet. - Speculations: People think $MBIX might offer rewards in other cryptocurrencies like BNB, USDC, or FDUSD. But, this is just speculation, and no official details have been announced. - Listing Price: If $MBIX gets popular before launch, its price might start high. But, if people aren't interested, the price might be lower. The performance of other cryptocurrencies and market sentiment will affect $MBIX's price. - Be Cautious: Remember, crypto moves fast! Until official announcements are made, take all speculation with a grain of salt. Stay tuned for updates!" I simplified the language, broke up the text into smaller chunks, and added a few emojis to make it easier to read and understand. Let me know if you'd like me to simplify it further! #moonbix #MoonbixLegit #binancecoin #MOONBÄ°X

Moonbix Listing Price šŸ¤‘šŸšØ

Here's a simplified version of the text:

"Moonbix ($MBIX) Crypto Coin: What to Expect

The crypto market is buzzing about Moonbix ($MBIX)! Here's what we know and what's still rumored:

- Listing Date: Maybe Q4 2024 or early 2025 on Binance, but not confirmed yet.

- Speculations: People think $MBIX might offer rewards in other cryptocurrencies like BNB, USDC, or FDUSD. But, this is just speculation, and no official details have been announced.

- Listing Price: If $MBIX gets popular before launch, its price might start high. But, if people aren't interested, the price might be lower. The performance of other cryptocurrencies and market sentiment will affect $MBIX's price.

- Be Cautious: Remember, crypto moves fast! Until official announcements are made, take all speculation with a grain of salt. Stay tuned for updates!"

I simplified the language, broke up the text into smaller chunks, and added a few emojis to make it easier to read and understand. Let me know if you'd like me to simplify it further!

#moonbix #MoonbixLegit #binancecoin #MOONBÄ°X
With the next market leg up on the horizon, how high can $BNB go this bull run? Our 2-Year MA Multiplier indicator shows that the top 2YMAx5 line for $BNB sits at $1760 and the EQ line is currently at $1060. If it reaches the 2YMAx5 top its market capitalization would be similar to what Ethereum's mcap currently is. āž”ļø https://www.tradingdigits.io/2year-ma-multiplier #BnbAth #BNBToken #BinanceSquareFamily #binancecoin #BNBAnalysis
With the next market leg up on the horizon, how high can $BNB go this bull run?

Our 2-Year MA Multiplier indicator shows that the top 2YMAx5 line for $BNB sits at $1760 and the EQ line is currently at $1060. If it reaches the 2YMAx5 top its market capitalization would be similar to what Ethereum's mcap currently is.

āž”ļø https://www.tradingdigits.io/2year-ma-multiplier

#BnbAth #BNBToken #BinanceSquareFamily #binancecoin #BNBAnalysis
#BNBHitsATH: Binance Coinā€™s All-Time High Moment!šŸŒŸ Crypto Fam, Have You Seen This? šŸŒŸ Binance Coin (BNB) just made headlines by smashing its All-Time High (ATH)! šŸš€šŸ”„ If youā€™ve been HODLing $BNB, itā€™s time to celebrate šŸŽ‰ because the gains are absolutely INSANE. Letā€™s break it down šŸ‘‡: Why is #BNB Soaring? 1ļøāƒ£ Utility King šŸ‘‘: BNB remains one of the most versatile coins in the crypto ecosystem, powering the Binance Smart Chain, trading fee discounts, and more. šŸ› ļø 2ļøāƒ£ Burn Mechanism šŸ”„: The regular token burns reduce supply, driving demand through the roof! šŸ“ˆ 3ļøāƒ£ Crypto Adoption šŸŒ: More projects on the Binance Smart Chain = more use cases for BNB. Itā€™s like owning a piece of the future! šŸš€ What This Means for You If youā€™re already a $BNB investor, congratulations on riding this wave of success! šŸ’¹šŸ’° For those yet to hop on, this might be your wake-up call to dig deeper into the potential of Binance Coin. šŸšØ Remember, DYOR (Do Your Own Research)! šŸ§ Key Takeaways šŸ’Ž $BNB isnā€™t just a coin, itā€™s an ecosystem powerhouse. šŸ’Ž Token burns + rising adoption = long-term value. šŸ’Ž The ATH is just a glimpse of whatā€™s possible when fundamentals align with market sentiment. Be Part of the Movement šŸ«¶ Show some love to this article if you found it insightful, motivating, or helpful! šŸ’– Tap that tip button and send me any amount of crypto you can spareā€”it keeps this kind of content coming! šŸ™āœØ Your support means the world to me, and Iā€™d truly appreciate it. ā¤ļø šŸ“£ Spread the Word Letā€™s get #BNBHitsATH trending! Share this with your fellow crypto enthusiasts, and let them know why $BNB deserves the spotlight. šŸŒŸ #BNBHitsATH #binancecoin #BNBToTheMoon! #CryptoSage254 #CryptoCommunity #HODL #BinanceSmartChain #DeFi #CryptoAdoption šŸš€ Stay bullish, CryptoSage254 šŸ’¬

#BNBHitsATH: Binance Coinā€™s All-Time High Moment!

šŸŒŸ Crypto Fam, Have You Seen This? šŸŒŸ
Binance Coin (BNB) just made headlines by smashing its All-Time High (ATH)! šŸš€šŸ”„ If youā€™ve been HODLing $BNB, itā€™s time to celebrate šŸŽ‰ because the gains are absolutely INSANE. Letā€™s break it down šŸ‘‡:
Why is #BNB Soaring?
1ļøāƒ£ Utility King šŸ‘‘: BNB remains one of the most versatile coins in the crypto ecosystem, powering the Binance Smart Chain, trading fee discounts, and more. šŸ› ļø
2ļøāƒ£ Burn Mechanism šŸ”„: The regular token burns reduce supply, driving demand through the roof! šŸ“ˆ
3ļøāƒ£ Crypto Adoption šŸŒ: More projects on the Binance Smart Chain = more use cases for BNB. Itā€™s like owning a piece of the future! šŸš€
What This Means for You
If youā€™re already a $BNB investor, congratulations on riding this wave of success! šŸ’¹šŸ’° For those yet to hop on, this might be your wake-up call to dig deeper into the potential of Binance Coin. šŸšØ Remember, DYOR (Do Your Own Research)! šŸ§
Key Takeaways
šŸ’Ž $BNB isnā€™t just a coin, itā€™s an ecosystem powerhouse.
šŸ’Ž Token burns + rising adoption = long-term value.
šŸ’Ž The ATH is just a glimpse of whatā€™s possible when fundamentals align with market sentiment.
Be Part of the Movement šŸ«¶
Show some love to this article if you found it insightful, motivating, or helpful! šŸ’– Tap that tip button and send me any amount of crypto you can spareā€”it keeps this kind of content coming! šŸ™āœØ Your support means the world to me, and Iā€™d truly appreciate it. ā¤ļø
šŸ“£ Spread the Word
Letā€™s get #BNBHitsATH trending! Share this with your fellow crypto enthusiasts, and let them know why $BNB deserves the spotlight. šŸŒŸ
#BNBHitsATH #binancecoin #BNBToTheMoon! #CryptoSage254 #CryptoCommunity #HODL #BinanceSmartChain #DeFi #CryptoAdoption
šŸš€ Stay bullish,
CryptoSage254 šŸ’¬
See original
BNB Weekly Active Addresses Surge Over 6%Since March, the price of BNB, previously also known as Binance Coin, has barely fallen below $500, despite the broader crypto market downturn. Following heavy losses from major cryptocurrencies, BNB has shown some impressive resistance to the price drop, supported by strong demand. Related Reading Despite this strength, the latestĀ BNB price forecastĀ by CoinCodex still estimates the coin could rise by 25% and reach $650 by October 10, 2024. Meanwhile, investor sentiment is bearish, and the Fear & Greed Index also stands at 33, reflecting that uncertainty in the market. This mixed outlook brings up questions about BNBā€™s near-term trajectory. While there might be a possibility of growth in the long run, short-term conservatism is required, more so from the recent coin volatility and broader market dynamics. BNBā€™s Sideways Movement And Strong Demand Since March, BNB has moved within a sideways pattern that posts heavy ups and downs. However, after every fall,Ā BNBĀ has strongly rebounded above $500, meaning that there is strong demand for the coin. For instance, on September 6, it fell as low as $470 but later rebounded to trade at $520 at press time. This is also in line with the rising expectations of an altseason, as a decline in Bitcoin dominance tends to boost altcoins like BNB. Investors seem confident that BNB might continue profiting from this trend in a way that it always has historically when stronger demand for alternative cryptocurrencies was triggered. On-Chain Data: Activity And Network Demand RecentĀ on-chain dataĀ from Dune Analytics points to both some promising and concerning trends in BNB. The number of active addresses on the Binance Smart Chain increased by 6% week-over-week, indicating that more people are interested in getting on the network. This increase in active addresses did not, however, reflect a similar uptick in transaction volumes, which declined 1.1% over the week, hinting that increased participation has not yet translated into strong network activity. The decline in network fees also reflects reduced activity, which may have an effect on the path that the BNB price may take. To be sure, high network usage has always seen relatively high demand for the BNB historically, and its prolonged depressed activity can cap the upside potential of the coin. A Rally Around The Corner? Some analysts think it could be set up for a run, despite the bearish sentiment and recent price swings, particularly once altseason starts to heat up. Usually, when Bitcoin dominance weakens, that allows other assets to capture market attention and capital, which is where altcoins, especially BNB, tend to do well. While the projection for a 25% gain in price by CoinCodex could be the sort of thing that might suggest that BNB will continue to rise, the short-term prospects for the token remain uncertain. Related Reading While the coin did manage to post green days of 47% over the last month, the price volatility of 4.62% still showed risks. TheĀ bearish sentimentĀ and market fear, along with mixed network activity, all imply prudence by investors in the immediate future. BNB may very well persist with its resilience and probably grow even more. This crypto asset is one to keep an eye on. But with mixed signals in on-chain data and markets feeling their way cautiously, the risks involved should be considered first before investors dabble into the digital asset. While a rally is most definitely possible, the market has not ended fluctuations just yet, and that short-term volatility may still be an issue. āš ļøDisclaimer This content aims to enrich readers with information. Always conduct independent research and use discretionary funds before investing. All buying, selling, and crypto asset investment activities are the responsibility of the reader. #BNB #binancecoin

BNB Weekly Active Addresses Surge Over 6%

Since March, the price of BNB, previously also known as Binance Coin, has barely fallen below $500, despite the broader crypto market downturn. Following heavy losses from major cryptocurrencies, BNB has shown some impressive resistance to the price drop, supported by strong demand.
Related Reading
Despite this strength, the latestĀ BNB price forecastĀ by CoinCodex still estimates the coin could rise by 25% and reach $650 by October 10, 2024. Meanwhile, investor sentiment is bearish, and the Fear & Greed Index also stands at 33, reflecting that uncertainty in the market.
This mixed outlook brings up questions about BNBā€™s near-term trajectory. While there might be a possibility of growth in the long run, short-term conservatism is required, more so from the recent coin volatility and broader market dynamics.
BNBā€™s Sideways Movement And Strong Demand
Since March, BNB has moved within a sideways pattern that posts heavy ups and downs. However, after every fall,Ā BNBĀ has strongly rebounded above $500, meaning that there is strong demand for the coin. For instance, on September 6, it fell as low as $470 but later rebounded to trade at $520 at press time.

This is also in line with the rising expectations of an altseason, as a decline in Bitcoin dominance tends to boost altcoins like BNB. Investors seem confident that BNB might continue profiting from this trend in a way that it always has historically when stronger demand for alternative cryptocurrencies was triggered.
On-Chain Data: Activity And Network Demand
RecentĀ on-chain dataĀ from Dune Analytics points to both some promising and concerning trends in BNB. The number of active addresses on the Binance Smart Chain increased by 6% week-over-week, indicating that more people are interested in getting on the network.
This increase in active addresses did not, however, reflect a similar uptick in transaction volumes, which declined 1.1% over the week, hinting that increased participation has not yet translated into strong network activity.

The decline in network fees also reflects reduced activity, which may have an effect on the path that the BNB price may take. To be sure, high network usage has always seen relatively high demand for the BNB historically, and its prolonged depressed activity can cap the upside potential of the coin.
A Rally Around The Corner?
Some analysts think it could be set up for a run, despite the bearish sentiment and recent price swings, particularly once altseason starts to heat up. Usually, when Bitcoin dominance weakens, that allows other assets to capture market attention and capital, which is where altcoins, especially BNB, tend to do well.
While the projection for a 25% gain in price by CoinCodex could be the sort of thing that might suggest that BNB will continue to rise, the short-term prospects for the token remain uncertain.

Related Reading
While the coin did manage to post green days of 47% over the last month, the price volatility of 4.62% still showed risks. TheĀ bearish sentimentĀ and market fear, along with mixed network activity, all imply prudence by investors in the immediate future.
BNB may very well persist with its resilience and probably grow even more. This crypto asset is one to keep an eye on. But with mixed signals in on-chain data and markets feeling their way cautiously, the risks involved should be considered first before investors dabble into the digital asset.
While a rally is most definitely possible, the market has not ended fluctuations just yet, and that short-term volatility may still be an issue.
āš ļøDisclaimer
This content aims to enrich readers with information. Always conduct independent research and use discretionary funds before investing. All buying, selling, and crypto asset investment activities are the responsibility of the reader.
#BNB #binancecoin
#MyFirstSquarePost Hello, Binance Square! #BecomeCreator $BNB Falling Wedge ! This Formation is unfolding on the Daily chart for #BNB We are currently retesting previous support as resistance. This is a bearish retest. If this pattern breaks bullish, the previous ATH around $720 will be the break out target for the #binancecoin
#MyFirstSquarePost Hello, Binance Square!
#BecomeCreator
$BNB Falling Wedge !
This Formation is unfolding on the Daily chart for #BNB
We are currently retesting previous support as resistance. This is a bearish retest.
If this pattern breaks bullish, the previous ATH around $720 will be the break out target for the #binancecoin
If you had invested $100 in Binance Coin (BNB) in 2017, here's what could have happened:If you had invested $100 in Binance Coin (BNB) in 2017, here's what could have happened: - In August 2017, BNB was priced at around $0.10 per coin. - With $100, you would have been able to buy approximately 1,000 BNB coins. - By May 2021, BNB reached its all-time high of $686.31 per coin. - If you held onto those 1,000 BNB coins, they would have been worth about $686,310. - Thatā€™s an incredible return on investment (ROI) of 686,210%! BNB has been one of the top-performing cryptocurrencies in recent years, largely due to the growth of the Binance ecosystem. What an outstanding return on investment! #BNBAnalysis #binancecoin

If you had invested $100 in Binance Coin (BNB) in 2017, here's what could have happened:

If you had invested $100 in Binance Coin (BNB) in 2017, here's what could have happened:

- In August 2017, BNB was priced at around $0.10 per coin.
- With $100, you would have been able to buy approximately 1,000 BNB coins.
- By May 2021, BNB reached its all-time high of $686.31 per coin.
- If you held onto those 1,000 BNB coins, they would have been worth about $686,310.
- Thatā€™s an incredible return on investment (ROI) of 686,210%!

BNB has been one of the top-performing cryptocurrencies in recent years, largely due to the growth of the Binance ecosystem. What an outstanding return on investment!

#BNBAnalysis #binancecoin
BNB: The Multi-Faceted Gem of the Binance Galaxy In the glittering constellation of cryptocurrencies, Binance Coin (BNB) shines brightly, captivating investors with its diverse utility and dynamic trajectory. But is BNB merely a dazzling ornament, or does it possess the substance to fuel a crypto revolution? Buckle up, spacefarers, as we delve into the multifaceted world of BNB. Beyond Trading Fees: A Utility Powerhouse While initially known for discounts on the Binance exchange, BNB has transcended its origins. It now serves as the lifeblood of the Binance Smart Chain, powering transactions, fueling decentralized applications (dApps), and even facilitating NFT purchases. The Deflationary Dance: A Scarcity Symphony Unlike many cryptocurrencies with an ever-inflating supply, BNB embraces a deflationary model. Through quarterly burns, a portion of BNB is permanently removed from circulation, potentially driving up its value over time. This strategic approach, mimicking the limited supply of precious metals like gold, adds a touch of economic elegance to the BNB equation. A Bridge Between Worlds: BNB doesn't exist in a silo. It acts as a bridge connecting various blockchains, facilitating seamless asset transfers and fostering interoperability. This ability to transcend borders in the fragmented crypto landscape positions BNB as a potential unifier, fostering collaboration and innovation across diverse ecosystems. The Future Unfolds: A Coin to Watch BNB's multifaceted nature, coupled with its strategic burning mechanism and interoperable prowess, has earned it a place among the most intriguing projects in the crypto sphere. While the future remains unwritten, BNB's journey is undoubtedly one worth watching, captivating investors and enthusiasts alike. #BNBļæ¼ #binancecoin #BNB/USDT #TrendingTopic #dyor $BNB P.S. Remember, while financial decisions are your own, true support lies in engagement. Share your thoughts, like, and follow for more insightful explorations into the crypto frontier!
BNB: The Multi-Faceted Gem of the Binance Galaxy

In the glittering constellation of cryptocurrencies, Binance Coin (BNB) shines brightly, captivating investors with its diverse utility and dynamic trajectory. But is BNB merely a dazzling ornament, or does it possess the substance to fuel a crypto revolution? Buckle up, spacefarers, as we delve into the multifaceted world of BNB.

Beyond Trading Fees: A Utility Powerhouse

While initially known for discounts on the Binance exchange, BNB has transcended its origins. It now serves as the lifeblood of the Binance Smart Chain, powering transactions, fueling decentralized applications (dApps), and even facilitating NFT purchases.

The Deflationary Dance: A Scarcity Symphony

Unlike many cryptocurrencies with an ever-inflating supply, BNB embraces a deflationary model. Through quarterly burns, a portion of BNB is permanently removed from circulation, potentially driving up its value over time. This strategic approach, mimicking the limited supply of precious metals like gold, adds a touch of economic elegance to the BNB equation.

A Bridge Between Worlds:

BNB doesn't exist in a silo. It acts as a bridge connecting various blockchains, facilitating seamless asset transfers and fostering interoperability. This ability to transcend borders in the fragmented crypto landscape positions BNB as a potential unifier, fostering collaboration and innovation across diverse ecosystems.

The Future Unfolds: A Coin to Watch

BNB's multifaceted nature, coupled with its strategic burning mechanism and interoperable prowess, has earned it a place among the most intriguing projects in the crypto sphere. While the future remains unwritten, BNB's journey is undoubtedly one worth watching, captivating investors and enthusiasts alike.

#BNBļæ¼ #binancecoin #BNB/USDT #TrendingTopic #dyor $BNB

P.S. Remember, while financial decisions are your own, true support lies in engagement. Share your thoughts, like, and follow for more insightful explorations into the crypto frontier!
--
Bullish
$BNB is currently trading within a wide range of $480 to $670. There is a key residence on upper side where #BNB has faced multiple rejection. If price break above this resistance, it could lead to a strong move toward the target of $720 and higher DYOR, NFA #Binance #crypto #Bnbusdt #binancecoin
$BNB is currently trading within a wide range of $480 to $670. There is a key residence on upper side where #BNB has faced multiple rejection.

If price break above this resistance, it could lead to a strong move toward the target of $720 and higher

DYOR, NFA
#Binance #crypto #Bnbusdt #binancecoin
$BNB Falling Wedge ! This Formation is unfolding on the Daily chart for #BNB We are currently retesting previous support as resistance. This is a bearish retest. If this pattern breaks bullish, the previous ATH around $720 will be the break out target for the #binancecoin
$BNB Falling Wedge !

This Formation is unfolding on the Daily chart for #BNB

We are currently retesting previous support as resistance. This is a bearish retest.

If this pattern breaks bullish, the previous ATH around $720 will be the break out target for the #binancecoin
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