2023-07-16 12:31:50
BNB’s blockchain recently turned six years old on July 14, and on this occasion, the team reported with a tweet about the promising projects and developments expected on the chain. Basically, it was not an easy six years for the BNB. However, both the native BNB token and the network activity can be said to be stable in terms of overall growth. Developers hope for further growth from projects such as ApolloX, NFP, AltLayer, Maverick Protocol and similar peers. BNB’s vision for the future is encouraging, although there are ups and downs In terms of the number of daily active addresses, the blockchain has been in second place for months. But according to Token Terminal data, the chain also ranks sixth in terms of fees, which shows how actively the network is being used. The highest level in the history of the token was reached on May 12, 2021, when $671 was sold for one BNB. Since then, of course, the ups and downs of the crypto market have also affected this coin, so the exchange rate has already dropped significantly. This is also true for the total blocked amount. In May 2021, the total pledged amount was over 19 billion dollars, and since then, of course, there has been a decline in this figure as well. And there is no need to expect that the chain can approach the peak in the near future in terms of the token price or the total pledged amount. In the last seven days, the price of BNB was able to rise anyway, at the time of writing, they are trading around $250 per coin. The total market capitalization is over $39 billion. Overall, the growth over the six years can be clearly outlined, but the positive market sentiment is not so characteristic of the BNB these days. The 4-week price volatility has dropped significantly, so the chances of an upward price breakout are not that significant.
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