CoinInsight360.com logo CoinInsight360.com logo
America's Social Casino
coinpedia 2025-03-17 07:45:00

BSC DEX Volume Surpasses Solana—Will This Benefit BNB Price to Reach $700?

The post BSC DEX Volume Surpasses Solana—Will This Benefit BNB Price to Reach $700? appeared first on Coinpedia Fintech News The crypto markets remained sluggish throughout the weekend without massive price actions, while the rise in the BTC price raised optimism. In the meantime, BinanceCoin has gained the spotlight, recording decent gains compared to the other top 10 cryptos. The token has attracted more than 11% gains in the past seven days and nearly 5% in the past 24 hours. With the rise above $630 and a notable increase of over 25% in trading volume, the BNB price is expected to be the top performer among the large-cap cryptos in the upcoming days. BinanceSmart Chain TVL Surpass Solana BSC TVL is on the rise! In the past few months, the trading activity on Solana was extremely high. As a result, the platform surpassed the transaction volume, count, and TVL of popular chains like Ethereum. Meanwhile, BinanceSmart Chain (BSC) has surpassed Solana in terms of DEX volume and ranked first. Source: DefiLlama One of the reasons for the rapid increase is said to be an investment from Abu Dhabi-based MGX into Binance. Secondly, the sudden rise in the BSC-based tokens like Mubarak and Mashalla has also contributed to the BSC DEX volume. Once, Solana also experienced a similar rise, which faded with the drop of a couple of memecoin rug pulls. Therefore, with the rise of memecoin volume on BSC, there could be the possibility of another such event. How Will This Impact the BNB Price? BinanceCoin is known for its silent yet monstrous behavior, as it maintains a consistent rally without making a lot of noise. The price has risen to over $630 after rebounding from the lows close to $500. With this, the token is expected to break above the bearish pattern, which may help the BNB price to head towards new highs. As seen in the above chart, the BNB price broke down from the bullish pattern but remained within a descending parallel channel. Moreover, the 50-day and 200-day MAs underwent a bearish crossover, which is about to get reversed anytime from now. With this quick reversal, the price is expected to break the resistance of the descending channel and enter the rising parallel channel that it has held since August 2024. Meanwhile, the RSI is incremental, which suggests that bullish continuation could be imminent for the BinanceCoin (BNB) price for the week.

면책 조항 읽기 : 본 웹 사이트, 하이퍼 링크 사이트, 관련 응용 프로그램, 포럼, 블로그, 소셜 미디어 계정 및 기타 플랫폼 (이하 "사이트")에 제공된 모든 콘텐츠는 제 3 자 출처에서 구입 한 일반적인 정보 용입니다. 우리는 정확성과 업데이트 성을 포함하여 우리의 콘텐츠와 관련하여 어떠한 종류의 보증도하지 않습니다. 우리가 제공하는 컨텐츠의 어떤 부분도 금융 조언, 법률 자문 또는 기타 용도에 대한 귀하의 특정 신뢰를위한 다른 형태의 조언을 구성하지 않습니다. 당사 콘텐츠의 사용 또는 의존은 전적으로 귀하의 책임과 재량에 달려 있습니다. 당신은 그들에게 의존하기 전에 우리 자신의 연구를 수행하고, 검토하고, 분석하고, 검증해야합니다. 거래는 큰 손실로 이어질 수있는 매우 위험한 활동이므로 결정을 내리기 전에 재무 고문에게 문의하십시오. 본 사이트의 어떠한 콘텐츠도 모집 또는 제공을 목적으로하지 않습니다.