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NewsBTC 2022-09-28 08:06:30

BNB Price Watch: The Charts Look Good For Traders – More Green On The Plate?

BNB price (Binance Coin) has been in the green lane for quite some time and on top of that, it also leads the crypto market scene in terms of market cap. More so, BNB has also registered a weekly gain of 6%. Binance Coin registered a weekly gain of 6% BNB development improved investor interest BNB shows stunted social metrics BNB is also tagged as one of the top five cryptocurrencies as far as search volume is concerned. While the coin was also to beat other cryptos, BNB has plummeted in price by 1.6% compared to its data on September 25, trading at roughly $275.42. Evidently, BNB was able to make it to the cut of the top cryptocurrencies that made a bull run when paired with BTC. Binance Coin developments have stirred investor interest which also positively impacted the on-chain metrics of BNB. Related Reading: Polkadot Price Watch: What A Drop In This Key Area Can Mean For DOT? BNB Price Up By Nearly 3% According to CoinMarketCap, BNB price has soared by 2.98% or trading at $275 as of this writing. Total market capitalization is currently at $43.5 billion, data from TradingView show. BNB’s volume looks stabilized which dampens any possibility of price drops. The MVRV ratio of BNB is said to have increased in comparison to last week’s figures which hints at the probability of an uptrend in the coming days. On the other hand, some of BNB’s on-chain metrics hint at negative sentiment such as the decrease of unique active wallet...

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