CandleFocus BNB forms a rare bullish pattern as Binance catalysts rise
2024-09-27
Author: Content Editor
Binance Coin (BNB) has experienced a strong comeback, with its price surging to $616, the highest point since June. The BNB Smart Chain ecosystem has seen increased activity, with NFT sales rising by nearly 40% to $4.1 million in the past week. The volume on BNB's decentralized exchange also grew by 52% to $5.2 billion. BNB's DeFi total value locked has risen by over 13% in the last month, outperforming Ethereum, Solana, and Tron. Additionally, there is anticipation for the release of Changpeng Zhao, the largest holder of BNB, which could further boost the cryptocurrency. BNB has also formed bullish chart patterns, suggesting potential further gains.
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