Author Archives: ambcrypto.com

Binance Chain’s [BNB] network growth continued to record impressive numbers. According to a tweet by Token Terminal on 20 January, the daily active users on the chain hit almost 778,000. This was more than the combined value of the next best performers on the list – Ethereum [ETH] and Polygon [MATIC]. Additional data pointed out that the daily active[Read more…]

Binance Coin’s [BNB] performance of late has been in the buyers’ favor, like most of the other cryptos. However, Santiment’s data revealed that BNB was overvalued as per its MVRV Z-Score. The metric identifies overvalued and undervalued assets based on short and long-term returns.  Besides, according to CryptoQuant, BNB’s Relative Strength Index (RSI) was in an overbought[Read more…]

Binance, the exchange backing Binance Coin [BNB] is notorious for listing a lot of emerging cryptocurrencies, and its 18 January addition of Rocket Pool [RPL] aligned with the known behavior. However, the world’s largest exchange listing of the decentralized Ethereum [ETH] staking pool token was not without fuss.  According to “smartmoney” analyst, Lookonchain, three separate addresses bought RPL before[Read more…]

On 17 January, Binance [BNB] announced the completion of its 22nd burn event. This burn event involved nearly two million BNB tokens worth over $500 million. Will the burn event affect BNB’s token in the long-term? BNB token imminent downtrend, but uptrend for now BNB was trading at 302.7 on the daily timeframe as of this writing, having lost[Read more…]

BNB, the native token of the Binance blockchain performed well in two metrics- first in terms of daily active users and second in the count of the total number of transactions in the past week. According to BNB Chain’s recent tweet, at the time of writing, the weekly active users were 2.60 million and the average[Read more…]

Binance Coin (BNB) has gained more than 13% over the past week. The token’s daily trading volume shot up a whopping 80% over the same period. The appreciation in BNB’s price has led to a 12% increase in its market capitalization as well. BNB was created by the largest crypto exchange in the world, Binance. The[Read more…]

Disclaimer: The datasets shared in the following article have been compiled from a set of online resources and do not reflect AMBCrypto’s own research on the subject Binance Coin (BNB) has gained more than 13% over the past week. The token’s daily trading volume shot up a whopping 80% over the same period. The appreciation in BNB’s[Read more…]

Like most other cryptos, Binance Coin [BNB] entered the first week of this year with joy after increasing its value. CoinMarketCap’s data revealed that BNB’s price went up by 11% in the last seven days, and at press time, it was trading at $275.62 with a market capitalization of more than $44 billion.  Nonetheless, investors must be cautious as[Read more…]

Binance recently announced becoming a member of the ACSS. This move came after the FUD surrounding BNB due to the FTX collapse and SEC inquisitions. In recent weeks, there has been a lot of fear, uncertainty, and doubt (FUD) surrounding Binance Coin [BNB] after FTX’s [FTT] collapse and the downward trend of its native cryptocurrency. The collapse caused exchange[Read more…]

Binance, in an announcement on 4 January, stated that they would launch a new Initial Game Offering to announce a new NFT project. Some users would also be rewarded with NFT collections and rewards through this event. BNB traders remained uninterested However, despite Binance’s efforts to raise enthusiasm for its NFTs, popular NFT collections on the BNB chain, such[Read more…]