In the crypto currency market, eyes were turned to BNB again. Vaneck’s Spot BNB ETF application has created excitement among investors. While the price increased over $ 600 again, the transaction volume increased by 42 percent. So, can BNB reach the highest level of a new time with this acceleration? As Kriptokoin.com, we convey analyst opinions and details.
BNB stands strong, resisting market pressure
In March, many Altcoin dual -digit decreases, while the BNB fell only 1 percent. The price consolidated at the level of $ 610, according to analysts, heralds a upward break. In the technical view, both the cup-kulp formation and the rising channel draw attention.
In particular, the resistance of $ 662 is critical for the completion of this formation. If this area is broken upward, it may be possible for the price to test the previous record level of $ 790. BNB, which is traded above a 50 -day moving average, gives technically strong signals.
ETF application exploded the volume, attention made a ceiling
Vaneck’s Spot ETF application at Delaware as an $ 115 billion asset manager, found instant response in the market. In just 24 hours, the daily transaction volume of BNB increased by 42 percent by exceeding $ 2.12 billion. The volume in the option market rose by 46 percent.
With the influence of ETF news, the investor interest is directed to BNB again. Bitcoin and Ethereum ETFs have already achieved success in Vaneck, now attracted attention with a similar move for BNB. If the application is approved, this may significantly increase the adoption of the BNB.
Network Updates and Breast Coin Wind
Recently, BNB Chain has received significant technical updates. After Pascal Hard Fork, the network became more compatible with Ethereum. In addition, new hard forks with speed and efficiency -oriented hard fork are planned in the coming months. These developments support the long -term confidence of investors.
In addition, BNB Chain has become the new favorite of breast coin projects. While the mobility on the network increases with interesting projects such as Mubarak and Brocollı, the interest in BNB climbs rapidly. This interest further strengthens the upward potential of the price. In the light of all these developments, we will see what kind of changes in the popular Altocoin price will be.
