BNB, a native token of the Binance cryptocurrency exchange, made it through the bearish month of September with minimal losses.<\/p>\n
BNB currently trades at $285.40 and is up by 3.4% for the past two weeks
\nThe altcoin\u2019s MVRV declines, indicating possible price drop
\nSocial volume of BNB dips as interest may be fading<\/p>\n
With its $45.8 billion market capitalization, it is the 5th largest digital currency behind Bitcoin, Ethereum and Tether.<\/p>\n
At press time, according to Coingecko<\/a>, the coin first introduced via ICO in 2017 is trading at $281.40, increasing its price by 3.4% during the last 14 days.<\/p>\n The beginning of October is also looking bright for BNB, as its network has witnessed a number of positive developments that could prove beneficial in its attempt to surge even higher in the coming days.<\/p>\n But experts are now giving words of caution for the asset\u2019s holders as metrics and other indicators might be hinting at a possible trading price drop for the Binance Coin.<\/p>\n BNB Metrics To Pay Attention To<\/p>\n Amid BNB\u2019s fine run, those who own the digital asset should keep a vigilant eye to some of its significant metrics.<\/p>\n For one, the MVRV of the Binance Coin went down last week which meant a bearish signal for the cryptocurrency.<\/p>\n The MVRV is the ratio of an asset\u2019s market capitalization versus its realized capitalization.<\/p>\n \nSource: Santiment<\/a><\/p>\n Moreover, for the past seven days, BNB trading volume also experienced a decline. As of this writing, the coin\u2019s 24-hour volume stood at $924.5 million.<\/p>\n BNB holders should also pay attention to its Relative Strength Index as it put the digital asset in an oversold position.<\/p>\n This could trigger price movement on a downward direction in the days to come.<\/p>\n It is also possible that the crypto community\u2019s interest for BNB is fading, as its social volume also fell.<\/p>\n #BNBCHAIN<\/a> Key Metrics Last 7 Days<\/p>\n Even in market volatility, #BNB<\/a> Chain is moving forward daily \u2014 BSCDaily (@bsc_daily) October 6, 2022<\/a><\/p>\n BNB\u2019s Antidote For Metrics Negativity<\/p>\n While metrics are indicating that the good days might be over for BNB holders, the token still has positive things to lean on to.<\/p>\n For the past seven days, a total of 1.73 million new addresses were registered on the altcoin\u2019s network.<\/p>\n During the same period, the BNB Chain also tallied 3.1 million unique active users, putting the daily average to 778,000.<\/p>\n BNB also accounted for 20.7 million transaction counts as its total locked value (TVL) rose to $5.45 billion.<\/p>\n Finally, there were 1495 BNB tokens burned which meant its circulating supply went down a bit in terms of number. <\/p>\n Currently, BNB coins in circulation are 163, 276,974. The asset\u2019s max supply is 165,116,760.<\/p>\n\n Crypto total market cap at $907 billion | \u00a0Featured image from Finbold, Source: TradingView.com<\/a><\/p>","protected":false},"excerpt":{"rendered":" <\/p>\n BNB, a native token of the Binance cryptocurrency exchange, made it through the bearish month of September with minimal losses.<\/p>\n BNB currently trades at $285.40 and is up by 3.4% for the past two weeks With its $45.8 billion market capitalization, it is the 5th largest digital currency behind Bitcoin, Ethereum and Tether.<\/p>\n At press time, according to Coingecko<\/a>, the coin first introduced via ICO in 2017 is trading at $281.40, increasing its price by 3.4% during the last 14 days.<\/p>\n The beginning of October is also looking bright for BNB, as its network has witnessed a number of positive developments that could prove beneficial in its attempt to surge even higher in the coming days.<\/p>\n But experts are now giving words of caution for the asset\u2019s holders as metrics and other indicators might be hinting at a possible trading price drop for the Binance Coin.<\/p>\n BNB Metrics To Pay Attention To<\/p>\n Amid BNB\u2019s fine run, those who own the digital asset should keep a vigilant eye to some of its significant metrics.<\/p>\n For one, the MVRV of the Binance Coin went down last week which meant a bearish signal for the cryptocurrency.<\/p>\n The MVRV is the ratio of an asset\u2019s market capitalization versus its realized capitalization.<\/p>\n \nSource: Santiment<\/a><\/p>\n Moreover, for the past seven days, BNB trading volume also experienced a decline. As of this writing, the coin\u2019s 24-hour volume stood at $924.5 million.<\/p>\n BNB holders should also pay attention to its Relative Strength Index as it put the digital asset in an oversold position.<\/p>\n This could trigger price movement on a downward direction in the days to come.<\/p>\n It is also possible that the crypto community\u2019s interest for BNB is fading, as its social volume also fell.<\/p>\n #BNBCHAIN<\/a> Key Metrics Last 7 Days<\/p>\n Even in market volatility, #BNB<\/a> Chain is moving forward daily
\n\u2022 $BNB<\/a> Burned: 1495 (~ $443K)
\n\u2022 Unique Address Growth: 1.73M New Addresses
\n\u2022 Total Value Locked: $4.45B
\n\u2022 Weekly Active Users: 3.1M#BNB<\/a> #BSC<\/a> #WEB3<\/a> pic.twitter.com\/CLNvV4jnO2<\/a><\/p>\n
\nThe altcoin\u2019s MVRV declines, indicating possible price drop
\nSocial volume of BNB dips as interest may be fading<\/p>\n
\n\u2022 $BNB<\/a> Burned: 1495 (~ $443K)
\n\u2022 Unique Address Growth: 1.73M New Addresses
\n\u2022 Total Value Locked: $4.45B
\n\u2022 Weekly Active Users: 3.1M#BNB<\/a> #BSC<\/a> #WEB3<\/a> pic.twitter.com\/CLNvV4jnO2<\/a><\/p>\n
![Santiment<\/a><\/p>\nMoreover, for the past seven days, BNB trading volume also experienced a decline. As of this writing, the coin\u2019s 24-hour volume stood at $924.5 million.<\/p>\nBNB holders should also pay attention to its Relative Strength Index as it put the digital asset in an oversold position.<\/p>\nThis could trigger price movement on a downward direction in the days to come.<\/p>\nIt is also possible that the crypto community\u2019s interest for BNB is fading, as its social volume also fell.<\/p>\n #BNBCHAIN<\/a> Key Metrics Last 7 Days<\/p>\nEven in market volatility, #BNB<\/a> Chain is moving forward daily\n\u2022 $BNB<\/a> Burned: 1495 (~ $443K)\n\u2022 Unique Address Growth: 1.73M New Addresses\n\u2022 Total Value Locked: $4.45B\n\u2022 Weekly Active Users: 3.1M#BNB<\/a> #BSC<\/a> #WEB3<\/a> pic.twitter.com\/CLNvV4jnO2<\/a><\/p>\n\u2014 BSCDaily (@bsc_daily) October 6, 2022<\/a><\/p>\nBNB\u2019s Antidote For Metrics Negativity<\/p>\nWhile metrics are indicating that the good days might be over for BNB holders, the token still has positive things to lean on to.<\/p>\nFor the past seven days, a total of 1.73 million new addresses were registered on the altcoin\u2019s network.<\/p>\nDuring the same period, the BNB Chain also tallied 3.1 million unique active users, putting the daily average to 778,000.<\/p>\nBNB also accounted for 20.7 million transaction counts as its total locked value (TVL) rose to $5.45 billion.<\/p>\nFinally, there were 1495 BNB tokens burned which meant its circulating supply went down a bit in terms of number. <\/p>\nCurrently, BNB coins in circulation are 163, 276,974. The asset\u2019s max supply is 165,116,760.<\/p>\n\nCrypto total market cap at $907 billion | \u00a0Featured image from Finbold, Source: TradingView.com<\/a><\/p>","protected":false},"excerpt":{"rendered":"<\/p>\nBNB, a native token of the Binance cryptocurrency exchange, made it through the bearish month of September with minimal losses.<\/p>\nBNB currently trades at $285.40 and is up by 3.4% for the past two weeks\nThe altcoin\u2019s MVRV declines, indicating possible price drop\nSocial volume of BNB dips as interest may be fading<\/p>\nWith its $45.8 billion market capitalization, it is the 5th largest digital currency behind Bitcoin, Ethereum and Tether.<\/p>\nAt press time, according to Coingecko<\/a>, the coin first introduced via ICO in 2017 is trading at $281.40, increasing its price by 3.4% during the last 14 days.<\/p>\nThe beginning of October is also looking bright for BNB, as its network has witnessed a number of positive developments that could prove beneficial in its attempt to surge even higher in the coming days.<\/p>\nBut experts are now giving words of caution for the asset\u2019s holders as metrics and other indicators might be hinting at a possible trading price drop for the Binance Coin.<\/p>\nBNB Metrics To Pay Attention To<\/p>\nAmid BNB\u2019s fine run, those who own the digital asset should keep a vigilant eye to some of its significant metrics.<\/p>\nFor one, the MVRV of the Binance Coin went down last week which meant a bearish signal for the cryptocurrency.<\/p>\nThe MVRV is the ratio of an asset\u2019s market capitalization versus its realized capitalization.<\/p>\n\nSource: Santiment<\/a><\/p>\nMoreover, for the past seven days, BNB trading volume also experienced a decline. As of this writing, the coin\u2019s 24-hour volume stood at $924.5 million.<\/p>\nBNB holders should also pay attention to its Relative Strength Index as it put the digital asset in an oversold position.<\/p>\nThis could trigger price movement on a downward direction in the days to come.<\/p>\nIt is also possible that the crypto community\u2019s interest for BNB is fading, as its social volume also fell.<\/p>\n #BNBCHAIN<\/a> Key Metrics Last 7 Days<\/p>\nEven in market volatility, #BNB<\/a> Chain is moving forward daily\n\u2022 $BNB<\/a> Burned: 1495 (~ $443K)\n\u2022 Unique Address Growth: 1.73M New Addresses\n\u2022 Total Value Locked: $4.45B\n\u2022 Weekly Active Users: 3.1M#BNB<\/a> #BSC<\/a> #WEB3<\/a> pic.twitter.com\/CLNvV4jnO2<\/a><\/p>\n\u2014 BSCDaily (@bsc_daily) October 6, 2022<\/a><\/p>\nBNB\u2019s Antidote For Metrics Negativity<\/p>\nWhile metrics are indicating that the good days might be over for BNB holders, the token still has positive things to lean on to.<\/p>\nFor the past seven days, a total of 1.73 million new addresses were registered on the altcoin\u2019s network.<\/p>\nDuring the same period, the BNB Chain also tallied 3.1 million unique active users, putting the daily average to 778,000.<\/p>\nBNB also accounted for 20.7 million transaction counts as its total locked value (TVL) rose to $5.45 billion.<\/p>\nFinally, there were 1495 BNB tokens burned which meant its circulating supply went down a bit in terms of number. <\/p>\nCurrently, BNB coins in circulation are 163, 276,974. The asset\u2019s max supply is 165,116,760.<\/p>\nCrypto total market cap at $907 billion | \u00a0Featured image from Finbold, Source: TradingView.com<\/a><\/p>\n<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"colormag_page_layout":"default_layout","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[82],"tags":[],"class_list":["post-9362","post","type-post","status-publish","format-standard","hentry","category-blockchain"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/9362","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/comments?post=9362"}],"version-history":[{"count":0,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/9362\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/media?parent=9362"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/categories?post=9362"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/tags?post=9362"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}](\"https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2022\/10\/BNB-BNB-15.48.09-06-Oct-2022.png\"){kind=link}