Author Archives: ambcrypto.com

BNB reached near the overbought zone; is a price reversal likely?

Binance Coin (BNB) faced a strong FUD in mid-December that sent the price down from around $270 to a new low of $220. However, the bulls found solid support at $231.2 and were able to mount a successful recovery. However, the price recovery was short-lived, as Bitcoin’s (BTC) sideways structure forced the altcoin market, including BNB, into a[Read more…]

Binance’s latest integration can have this impact on BNB in 2023

Binance recently announced a new integration with Google and Apple Pay that would drastically improve the user experience across the globe. With this new integration, users would be able to make payments on Binance using Google and Apple Pay. Following this announcement, Binance Coin [BNB] responded positively on the metrics front, indicating that investors could look forward to better days[Read more…]

Can Binance Coin’s big plans of 2023 salvage BNB’s short-sighted dreams?

Binance Coin [BNB] recently published an update related to its BNB Beacon chain. As per the announcement, the BNB Beacon Chain testnet was expected to have a scheduled hard fork upgrade at block height 34,587,202 and 34,963,303. Considering the current rate of block generation, the hard fork is anticipated to take place on 2 January 2023.[Read more…]

As BNB traders expect a rebound in Q4, make your next trade with this in mind

Blockchain analytics platform Santiment has found that the continued negativity and bearishness that have plagued the general cryptocurrency market were starting to fade as traders anticipate a rebound in Q4. According to Santiment, BNB was amongst the cryptocurrency assets that have recently enjoyed a positive bias.  As of this writing, the BNB’s weighted sentiment sat above the center line[Read more…]

Can CAKE gather enough demand to rise above its near-term resistance

PancakeSwap [CAKE] made it into the headlines again as it was among the top cryptos on the BNB chain in terms of social mentions on Twitter. Not only this, but several developments happened in the PancakeSwap ecosystem that added much value to the network, including the farm auction. 23 projects joined the bidding for Farms this[Read more…]

BNB Chain’s NFT front painted a green picture, but this metric spilled red

BNB Chain’s NFTs may haven’t experienced the same traction as NFTs built on other platforms. However, this scenario may change. The BNBchain NFT community may start showing signs of growth as chain’s top NFT collections witnessed some traction.  PancakeSwap Squad and Mobox observed significant growth in the past few days. This could lead to a change in BNB Chain’s NFT front.[Read more…]

Why BNB’s revival attempts should be an important watch for investors

The Binance Coin [BNB] chain revealed that its attempts to stabilize its ecosystem have been yielding positive results. In its weekly report, BNBChain noted that the experiences on the network had been nothing short of encouraging. According to its tweet on 15 October, BNB had set up a decentralization response to curb events such as the exploitation of 6 October.[Read more…]

Assessing the odds of CAKE breaking above its near-term resistance

Good news recently came in for PancakeSwap investors as CAKE was able to make it to several lists that had the potential to change CAKE’s fate in the short term. For instance, CAKE was among the top-voted BNB chain projects on CoinGecko, a crypto data aggregator. Apart from CAKE, Baby Doge Coin, SafeMoon, and RichQuake were also[Read more…]

BNB is ideal for long-term investment, thanks to quarterly burn highlights

Binance just announced that it has completed its 21st quarterly BNB burn. For those that did not know, the crypto company has a quarterly auto-burn that takes a significant amount of BNB out of supply. While this makes BNB a deflationary cryptocurrency, is it the right fit for long-term trades? The answer depends on how much BNB is taken[Read more…]

BNB long-term holders can expect this in the weeks to come

Positive developments around the BNB Chain helped BNB coin climb the ladder during the last month. However, things seemed to have changed as BNB’s performance in the last few days did not look promising. The altcoin registered over a 5% seven-day decline in its price and at press time, it was trading at $270.12. Nonetheless, BNB still[Read more…]