A correction may have begun on the market, according to CoinStats.
Binance Coin (BNB) has experienced significant upward momentum throughout November, gaining 22% and riding the broader cryptocurrency rally. However, this week saw a slight pullback as BNB dropped 7%, touching the crucial $606 support level.
BNB price recoiled to $622 on Friday, November 15 as the recent bull run faded. It has dropped by over 6% from its highest level this week, bringing its market cap to $89 billion.
BNB maintains stability above $620 support level while forming a bullish trend line, with multiple technical indicators suggesting potential upward movement pending a break above key resistance levels.
BNB's bullish breakout may spark optimism as analysts have a key target in mind.
BNB price struggled to clear the $665 resistance zone. The price is consolidating and might aim for a fresh increase above the $635 level.
BNB Chain introduces BC Fusion, merging BNB Beacon Chain and BNB Smart Chain. Explore how bnbburn.info continues to track BNB burns and its impact on circulating supply.
Achieving its previous ATH would push DOGE's market cap to around $108 billion, surpassing SOL and BNB's current valuations.
BNB maintains $600 support, setting up for a 19% push to new highs.
Bitcoin is showing no signs of stopping its advance toward $100,000, and several altcoins look poised to follow.
BNB Chain invites participation in voting for the BIA winner at DevCon in Bangkok, offering a $1,000 BNB reward. Join the live session and cast your vote to influence blockchain innovation.
BNB price remained in a tight range on November 13 even as Bitcoin made a strong bullish breakout to a new all-time high. Binance Coin was trading at $635.35, a few points below this week's high of $666.60 as some analysts predicted that it was on the verge of a multi-year breakout, potentially to $2,000.
The BNB Hackathon in Bangkok concluded with innovative blockchain solutions, awarding top projects like opMatch and BNB Defi Aggregator. A prize pool of $230,000 was shared among participants.
BNB Chain is set to host a series of engaging events at DevCon 2024 in Bangkok, including hackathons, incubation programs, and community activities, fostering innovation in the Web3 space.
BNB Chain's Most Valuable Builder (MVB) program partners with Google Cloud, enhancing support for Web3 projects with substantial cloud credits to boost decentralized application development.
Google Cloud has partnered with BNB Chain to help new Web3 projects thrive. The MVB Program is focused on helping up to 40 projects build dApps” on the BNB Chain.
Selecting the right crypto investment could be transformative, and coins like Shiba Inu (SHIB), Binance Coin (BNB), and Rollblock (RLBK) promise different upside potential. While BNB and Shiba Inu are the favorites of investors searching for explosive growth and stability, $RLBK has shown huge potential for massive returns.
On Tuesday, two blockchain development firms announced new partnerships with Google Cloud: BNB Chain and ZetaChain. BNB Chain received $10 million for its MVB Program, and Google Cloud will validate ZetaChain's mainnet and testnet.
Binance Coin (BNB) has been on a strong recovery path, with its price currently trading around $650. This marks a significant rebound after BNB found support at its 100-day Simple Moving Average (SMA).
The cryptocurrency market has entered a long-anticipated bull run, or in other words, prices are rising across the market. Bitcoin rewrote history again, crossing $89,000, and many other assets like Solana have leapfrogged major competitors.
BNBChain secures a $10 investment in cloud service credits to support its MVB projects.
Google Cloud will support the BNB Chain ecosystem by investing in the blockchain network's accelerator program. BNB Chain announced Nov.
As the 5th biggest cryptocurrency in the market, BNB price is currently trading at $650, with a market cap of $93.69 billion. As it enters closer to the $100 billion market cap, the Binance coin has increased by 4.44% in 24 hours.
Payments protocol Aeon says it has launched cryptocurrency payments on the BNB chain. The company announced Monday (Nov. 11) that it has brought a streamlined QR code payment system to BNB with Terminus to expand crypto payment accessibility in Southeast Asia.
Bitcoin picked up momentum and soared above $84,500, pulling several altcoins higher.
Binance Coin (BNB), the native cryptocurrency of the Binance exchange, has gained significant attention in the market due to its impressive growth and its role in the DeFi ecosystem. As the cryptocurrency market rebounds, BNB's price is expected to follow an upward trajectory, with some analysts predicting that it could reach new all-time highs by 2024.
BNB price rose for three consecutive days, and analysts are upbeat that Binance Coin could retest the year-to-date high of $725 after breaking a five-month consolidation. The token was trading at $628 on November 11, its highest level since June 10, and 57% above its September lows.
Binance Coin (BNB), the native token of the Binance ecosystem, has recently soared above the $600 mark, marking a significant breakout and igniting fresh bullish sentiment. With the price currently sitting at $633, the question on everyone's mind is whether BNB can maintain this momentum and potentially reach the $1,000 mark.
The price of Binance Chain Native Token (BNB) rose impressively, reaching a high of $638 on November 9. The bullish momentum broke out above the barriers but could not sustain above the current high.
The market keeps setting new peaks, according to CoinMarketCap.
BNB's market cap rose by more than $5 billion in 24 hours to touch $91 billion.
BNB, the native cryptocurrency of the Binance exchange, is continuing to maintain a solid footing above the $590 mark, ignite interest from traders who are closely monitoring key support and resistance levels. Although BNB has shown resilience in recent weeks, technical indicators are offering a mix of bullish and bearish signals, leaving traders wondering which way the market will move next.
During the third quarter of 2024, crypto whales were the dominant force behind NFT trading activity on BNB Chain, despite a noticeable drop in retail participation.
Crossing above the $600 mark, Binance's (BNB) coin price surpasses a multi-month resistance zone. As the breakout rally creates a solid bullish candle, the bull run increases the chances of a new all-time high.
Binance Coin (BNB) is positioning itself to break past a critical resistance level at $600, raising expectations of a potential surge to new all-time highs (ATH) above $724 before the end of the year. The broader market's momentum has been favorable, with Bitcoin (BTC) leading the way and surpassing $75,000—briefly touching $76,000—while Binance Coin has been one of the standout performers among major altcoins.
Bitcoin hit a new all-time high at $77,000, boosting buying in several altcoins, which have also broken above their respective resistance levels.
TL;DR BNB Chain launched new incentive programs and continued its multichain strategy with the BNB Chain bridge. DeFi and NFT activity saw growth in Q3 2024, albeit with some declines in overall usage metrics. BNB experienced a decline in price and revenue, although its total supply continues to decrease thanks to burning mechanisms.
As the bitcoin price records a new high every day, the altcoin market has experienced a similar price action by adding significant value to their portfolio this week. With this, the Binance price is less than 20% from hitting a new high.
Crypto whales have dominated NFT trading activity on the BNB Chain during Q3 2024, despite a decrease in retail participation. According to Messari's latest quarterly report, the average daily NFT trading volume skyrocketed by 283% quarter-over-quarter.
BNB price holds above $590 with mixed technical signals as traders watch key support at $595 and resistance at $605, while maintaining an overall constructive market structure above the 100-hourly moving average.
Binance, one of the world's largest cryptocurrency exchanges, has set a new milestone, reaching over $8.3 billion in open positions in crypto derivatives. This surge comes as Bitcoin prices skyrocket to new all-time highs, driven by bullish market sentiment following Donald Trump's presidential victory.
BNB price struggled to stay above the $600 zone. The price is consolidating gains and might aim for a fresh increase above the $605 level.
NFT trading volume on BNB Chain increased 283% quarter-on-quarter in Q3, driven by whales as average daily buyers fell over 50%, according to Messari.
SOL and BNB are battling for rank #4. While SOL currently holds the edge, a new ATH above $260 could cement its lead.
Bulls are trying to control the situation on the market despite sellers' pressure, according to CoinStats.
Solana (SOL) has become the fourth-largest cryptocurrency by market capitalization after seeing its price surge by more than 7% over the past week, to now have a total market cap of $88.28 billion, above BNB's $85.6 billion.
This process, called “tokenization,” allows individuals to take physical items like art, securities, or even carbon credits. They can then convert these items into digital tokens on the blockchain.