Main notes
- The percentage of prices for the percentage of BNB over the past 24 hours has outperformed BTC, ETH and XRP.
- The trading volume of BNB rises, but Bitcoin and other altcoins are witnessing a trend.
- The VANECK BNB ETF file may be the final trigger of the Binance Currency.
Binance Coin (BNB) has achieved the highest level in a three -month height, with the support of positive feelings in the market, and has offered several standards. The BNB series records increased institutional adoption, improving decentralized financing (Defi), and increasing treatment. The contributions of these BNB scales were placed on Bitcoin (BTC), ETHEREUM (ETH) and XRP in daily gains today.
BNB Price and trading size outperform BTC, ETH and XRP
BNB was traded at $ 659.06 at the time of the press, which corresponds to an increase of 4.36 % in 24 hours. Over the past seven days, the currency has registered Prices increase more than 10 %.
Although this basic procedure can be attributed to the recovery of the broader encryption market, especially with Bitcoin rising to $ 103,000, the BNB ecosystem of the BNB ecosystem is still a decisive contributor.
Compared to BNB, BTC only recorded a price of 0.94 % during the same period and is now traded at 103,841.10 dollars. ETH does not work better, with only 2.86 % increase and the current market value of $ 2,411. The current ETH price is a noticeable increase for a coin with difficulties that penetrate the support level of $ 1,800. However, poor performance is still compared to BNB.
Feelings about XRP are completely positive, as the metal currency showed bullish flexibility. According to data from CoinMarkcap, the correlation -related encryption is traded at $ 2.39, after increasing the price by 1.44 % in the past 24 hours. On the daily chart, BNB record more gains than all three coins.
BNB Daily Chart Price. Source: CoinmarketCap
Regarding trading size, traders show more interaction with BNB more than any other three coding assets mentioned above. The BNB trading volume jumped by 13.39 % in the past 24 hours, while BTC, ETH and XRP have witnessed 34.39 %, 42.04 %, and 25.04 %, respectively.
VANECK ETF stimulus
Last month, the BNB series witnessed a remarkable growth in the user’s participation, including doubling its active addresses for more than 2 million. In addition, network transactions have risen, reaching 8 million amazing. Most of the growing network activity This is a result of frenzy that followed the presentation of the circulating VANECK BNB Exchang box (ETF).
The higher asset management company provided S-1 registration statement For bnb etf. The presentation of the fund was the first of its kind in the United States. The Fund aims to achieve BNB within an organized framework, as previously with Bitcoin and Ethereum ETFS last year. It was the first step for Vanik Record the BNB ETF file in Dilayer.
It should be noted that this ETF file helped put BNB on an optimistic path, while increasing its price constantly. Like many other networks, the BNB series records increased adoption of institutions and Defi activity. In addition, Standard Charterd wrote,
“The BNB series remains a more concentrated smart contract platform than competitors such as ETHEREUM and Solana. But this structure provides a degree of stability, which may be attractive in volatile macroeconomic conditions.”
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Slip: Coinspeaker is committed to providing unbiased and transparent reports. This article aims to provide accurate and timely information, but it should not be considered financial or investment advice. Since market conditions can change quickly, we encourage you to check your information and consult with a professional before making any decisions based on this content.
Benjamin Jodfrey is a blockchain lover and journalist who enjoys writing about the real life applications of Blockchain technology and innovations to pay public acceptance and complementarity all over the world for emerging technology. His desire to educate people about encrypted currencies inspire his contributions to the media and famous sites in Blockchain.
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