The BNB coin achieved a significant rise and exceeded $1300, with the driver of this crazy rise being the increased network activity and institutional inflows.
🔸 What is happening?
- The BNB Chain network recorded a significant increase in the number of active addresses and decentralized transactions.
- The ASTER protocol associated with the network has a locked TVL value of $2.34 billion after a 570% increase.
- Despite the strong decline that has recently occurred, the BNB coin has maintained an excellent and stable price level.
🔸 Matters of Interest for Investors
- The entry of institutions and large projects and their interest in BNB gives it strength for a strong future investment.
- The increase in network activity and TVL indicates that the currency has real uses, not just trading.
🔸 Points of Interest for Traders
- Price volatility is a reality, the trend is generally upward, but fluctuations are normal.
- Trading volume is high. Monitoring this is important as it indicates significant entry or temporary pumping.
- News, statements, technological developments, or partnerships can indeed raise the price, but if results are not achieved, momentum may weaken.
📚 Sources:
- CoinDesk: “BNB Tops $1.2K in 4% Rally
- Binance News: “Why BNB is Up Today?
