BNB recently posted a tweet mentioning all the new developments that have happened in its ecosystem. According to the tweet, over the last seven days, nearly 1495 BNB tokens were burned. The altcoin also witnessed a growth in its total addresses as more than 1.73 million new addresses joined the network. Moreover, BNB’s total value […]
All these positive developments were reflected in BNB’s price trajectory. Its weekly chart was painted green. Additionally, BNB was the top gainer last week among the top five cryptos in terms of market capitalization, registering nearly 5% week-over-week growth.was trading at $294.17. However, despite these positive developments, things might soon get darker for BNB as several of its on-chain metrics suggest a trend reversal in the coming days.
’s MVRV Ratio registered a decline over the last week, which is a bearish signal. Not only that, but BNB’s volume also followed a similar route and went south during the past seven days.After marking a spike at the beginning of this month, BNB’s social volume also decreased. Thus, reflecting the diminishing interest from the crypto community in the token. However, the positive news was that BNB’s development activity managed to register an uptick lately.
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