Can BNB Coin reach a new summit with the change of market sensitivity? Despite the loss of funds of the Altcoin market, Binance -supported BNB continues to attract interest from investors.
BNB Smart Chain reached the highest trading volume
In the last month, BNB Smart Chain recorded the highest trading volume among all block chains, while the total locked asset (TVL) value has increased significantly. In addition, there was a major increase in the purchase volume in the derivative transactions in Binance and Okx.
In the last 24 hours, Binance Coin (BNB) is traded for $ 670,98 by showing a small rise of 2.14 %. During the last week, he recorded a 10.24 %increase.
Analysis of market conditions reveals that the BNB is likely to maintain its rise tendency. The growth and mobility of the on-ach transaction volume and the derivative markets are among the important factors that support this rise.
The only chain that reached the new summit in the fall period
When the last seven and thirty -day periods are examined, BNB Smart Chain is the only chain that records a positive volume. Other networks such as Solana (left), Ethereum (ETH), Base and Arbitrum (ARB) experienced a decrease in this process. According to the current data:
- According to the fashion show statistics, the weekly transaction volume increased by 66.63 %to 31.19 billion dollars.
- In the last 24 hours, the transaction volume has increased to $ 3,735 billion, which is now the highest level among all chains.
On the other hand, the total amount of locked assets on BNB Smart Chain (TVL) increased from 3 February to $ 5,56 billion by $ 4,895 billion.
An increase in this size (a TVL rise of $ 665 million) indicates that investor confidence has increased. Such an increase in interest usually triggers price increases, while the supply in the stock exchanges leads to a decrease.
BNB Coin purchase volume increases in stock exchanges
A significant increase in BNB purchase volume was observed in large crypto currency exchanges such as Binance and OKX. The strongest proof of this is that the value of the buyll ratio (receiver-saler) is over 1 in both stock exchange:
- Binance: 1,727
- OKX: 2,33
When this ratio is above 1, it indicates that the market moves in the direction of purchase. The higher the value, the higher the purchase volume compared to sales.
In addition, the Open Interest in the derivative markets increased by 1.78 %to $ 866,70 million. This shows that investors continue their interest in the market by opening more positions.
BNB Coin remained strong despite intensive sales
Between 10-16 February, there was a large increase in the quantity of netflow to the stock markets and a net entrance of $ 142 million was recorded. This level has been one of the highest entrances since May 2021.
Generally, such a movement shows that investors transfer to the stock markets to sell their assets. However, despite a major sales pressure, the price of BNB increased by 10 %. This shows that there is a strong demand that wants to buy assets sold in the market. If this demand continues to increase, the BNB may continue to rise for next week.
