- BNB Continues Falling After FUD Over Binance Exchange
- However, as more users take advantage of the BNB chain, the utility of BNB is guaranteed.
binance [BNB] Replaced subject To the Fear, Uncertainty and Doubt (FUD) that contributed to BNB’s recent price drop.But nevertheless, the BNB chain very busy.
web3 daily active users 👥⤵️
🥇 BNB chain ~1.1m
🥈 Polygon ~394.5k
🥉 Ethereum ~344.6k
4⃣ Solana ~120.3k
5⃣ Phantom ~58.2k
6⃣ Determined ~58k
7⃣ Open Sea ~54.4k
8⃣ Optimism ~49.3k
9⃣ Uniswap ~44.5k
How do these numbers translate into fees that users pay? 🧵⤵️ pic.twitter.com/O6G2osoB55
— Token Terminal (@tokenterminal) December 18, 2022
– Read Binance Coin [BNB] Price Forecast 2023-24
– Is your BNB holding flashing green? Check the Profit Calculator
The activity of this chain was outstanding compared To others, and it may provide the basis for the eventual revival of the BNB chain. How and when could this happen and what is the relationship between the BNB chain and the BNB tokens is it?
daily active users of binance Would you like to help rally BNB?
Statistics from Token Terminal show a steady increase in the number of people using BNB chains every day. According to the numbers, the business gets over 1 million customers every day.ever since BNB Tokens are used in every chain transaction and their value is always backed by the underlying blockchain technology.
Because of this, coins can now serve a purpose beyond mere wealth storage.
Additionally, another statistic that can be collected is the fees paid by these users. It showed embedded utility, even though the fees seemed to decrease due to changes in the value of the token. This meant that tokens were always evaluated as the chain continued to exist. This was true for both tokens and their holders.
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BNB Rises, Still Bearish
BNB’s daily timeframe chart reveals that the token has started to bounce back from its initial slump. and has increased by 6% in the last 48 hours. The token was still volatile at this point, as evidenced by the Bollinger Bands (BB). Additionally, the Relative Strength Index (RSI) line showed that the token’s overall trend is still bearish despite the rebound.