[ccpw id="5"]

[ccpw id="5"]

HomeCryptoAnalyzing BNB Chain weekly reports to make the best trading decisions for...

Analyzing BNB Chain weekly reports to make the best trading decisions for you money moguls


  • from BNB Weekly average users exceeded 2.8 million and daily transaction count exceeded 2.9 million.
  • On-chain performance was good, but market indicators were bearish.

Binance Coin (BNB) It recently published its Weekly Ecosystem Report, which highlights all the notable developments on the net and also updates key statistics.

According to the report, BNB has once again managed to maintain its track record of more than 2 million transactions and active users.

Last week, the average weekly users exceeded 2.8 million, while daily active users reached 831k. The daily transaction count on the BNB chain also remained high as it surpassed 2.9 million, bringing the total to over 17 million in the past seven days.

Reading Binance Coin (BNB) Price Prediction 2023-24

BNB looks good

Apart from the statistics, BNB also noted some important announcements made in the last seven days.

The most significant development was the release of the BNB Chain technology roadmap for 2023. According to the technical roadmap, bnb chain Ethereum will work with the community to create the best performing EVM compatible client for BSC.

In addition, BNB Chain will continue to improve the user experience, such as introducing better cross-chain solutions and strengthening security through AvengerDAO 2.0.

BNB also launched its new Web3WonderWomen program last week, a new mentoring program for women on Web3.

All the updates had a positive impact on the on-chain performance of the network. For example, BNB’s MVRV ratio has risen in the past few days, which was bullish.

bnbIts momentum was relatively high all week, but then it took a dip.

Furthermore, its on-chain trading volume turned profitable last week, a development in favor of investors.

However, LunarCrush Statistics It turns out that the dominance of the BNB market has decreased by more than 1.2% over the past week.

Source: Feeling

realistic or not, here it is bnb market cap in btc terms

Price performance has been mediocre

Although the on-chain performance was positive, nothing was reflected on the BNB charts as it posted no profit last week.

According coin market capDespite the bullish market conditions, the BNB price only rose 1.9% in the past seven days. At press time, BNB was trading at $315.34 with a market capitalization of over $49.7 billion.

bnbThe Daily Charts revealed several reasons behind this performance. On Balance Volume (OBV) posted a decline, which was bearish.

The exponential moving average (EMA) ribbon suggested that the bulls could soon lose their advantage in the market as the gap between the 20 day EMA and the 55 day EMA narrowed.

BNB’s Chaikin Money Flow (CMF) also dipped, turning bearish again. The Relative Strength Index (RSI) registered a slight increase but was still close to the neutral mark.

Source: TradingView


Please enter your comment!
Please enter your name here


Vande Bharat Express will run between Bhopal and New Delhi, the train arrived at Bhopal, it will save a lot of time compared to...

New Delhi. The semi bullet train i.e. Vande Bharat is highly appreciated by the people. This is the reason why the Vande Bharat train...

What is the sub-limit in health insurance, companies make a dent with this rule, the claim is not received? money moguls

reflexesInsurance companies offer you insurance on the basis of their own conditions.Before buying an insurance policy, you should read the terms and conditions related to...

Prime Minister Modi will fly the flag of the new Vande Bharat! Tea gardens will be seen in a comfortable journey, new train...

reflexesNew Vande Bharat will run between Guwahati and Jalpaiguri.This will be the country's 11th Vande Bharat couple.It will run at a speed of 110 kilometers...

Most Popular