Author Archives: BSCN NEWS REPORTS

Introduction What projections might we make about the price of BNB, the native crypto of the Binance exchange, considering the unique year that was 2023 for this asset? Despite the legal challenges Binance faces, the price outlook for BNB in 2024 seems promising. Here’s why. The Promising Outlook for Binance’s BNB in 2024 The year[Read more…]

Analyzing BNB’s Victory Against FUD: A Resilient Performance In a market full of uncertainties, the altcoin Binance Coin (BNB) has successfully weathered the storm of FUD (Fear, Uncertainty, Doubt), showing resilience. Analyst Mags provides a sharp perspective by highlighting BNB’s ability to bounce from a low range and break through trend line resistance. According to[Read more…]

Binance Coin’s Resilience Amidst Market Challenges In a market rife with uncertainties, Binance Coin (BNB) has demonstrated remarkable resilience, weathering the storm of Fear, Uncertainty, and Doubt (FUD). Analyst Mags highlights BNB’s ability to bounce from a low range and break through trend line resistance, suggesting a potential rise above $660 in the future. Mags’[Read more…]

Crypto Exchanges and Bull Market ExpectationsCrypto exchanges play a crucial role in the blockchain space, and with the onset of another bull market, top exchange tokens are anticipated to experience substantial price surges.Binance Coin (BNB) AnalysisBinance Coin (BNB) is the exchange token associated with the prominent centralized exchange, Binance. Despite a modest recovery in 2024[Read more…]

The BNB Coin Price Amidst Crypto Industry Volatility Despite the crypto industry experiencing massive volatility in its valuation, the BNB coin price continues to display a neutral trend, highlighting a decline in investors’ interest toward it. The BNB coin price traded in a closed range between $238 and $255 for a brief period, following which[Read more…]

Bitcoin (BTC) Transaction Fees Surge Bitcoin (BTC) transaction fees have reached their highest point in 20 months. According to data from BitInfoCharts on December 17, 2023, the fees surpassed $37, marking the highest since April 2021. This increase is attributed to the demand for Bitcoin Ordinals, resulting in a significant backlog of unconfirmed transactions, even[Read more…]

Binance’s Reserve SituationBinance experienced one of its most turbulent times in 2023, with lawsuits and regulatory reviews negatively impacting its operations. Despite these challenges, recent data indicates that Binance is in a better condition than initially perceived.When examining Binance Reserves’ 7-day declines, more stable trends are apparent. Smaller declines suggest routine customer deposit and withdrawal[Read more…]

Market Performance Overview Despite market volatility, Binance exhibits a stronger performance compared to FTX. New data suggested that Binance was doing relatively much better than FTX. Exchange volumes grew in the last quarter as BNB’s price continued to decline. Binance [BNB] had one of the most tumultuous times in 2023, with factors such as lawsuits[Read more…]

New Developments on BNB The BNB Beacon Chain is part of the ecosystem responsible for staking and governance. The purpose of BEP333 is to facilitate a smooth transition from a dual-chain structure to a single-chain structure for the BNB Beacon Chain. Consequently, BNB Chain has provided investors with some guidelines on how actively they will[Read more…]

Binance Coin Price Prediction: Early Signs of a Trend Reversal The Binance Coin (BNB) is currently experiencing a bullish breakout from a triangle pattern, suggesting a potential early signal of a trend reversal. Is it the right time to enter the market? Binance Coin Price Analysis Over the Past Two Weeks Over the last two[Read more…]