- BNB’s network growth is the second highest level in 2024, signing more powerful chain users.
- Altcoin’s chart structure can be set up in the new year if the momentum is maintained by implanting the brake out.
In the last 24 hours, the strong driving force seemed to accumulate steadily. Binance Coin (BNB) has risen 1.36%, drawing monthly returns to two digits.
AMBCRYPTO uses market data and warm chain activities to confirm the clear path that goes to the potential rally of BNB.
Network growth has a good place for BNB.
Spotlights have recently fallen from BNB Smart Chain, which has recently soared.
On the last day, the use of net value rose to an impressive 24%, which is a major climb that suggests the continuous use of the BNB protocol.
This is the second highest surge of this year, with a 25% increase in February.
Source: bscscan
AMBCRYPTO has linked the growth of the active address of the BSC network and the growth of BNB.
Since May 2, the active BSC address has doubled and has risen from 11.5 million to 256 million. This surge is a steady adoption and strengthens the expectation that BNB will be used.
In addition, the unique wallet address, which represents the new user, has added 978,384 people every day, reaching 522.6 million.
This reflects the growing awareness, but it does not confirm that this new address has completed the transaction in the blockchain.
But they have the potential to participate in the transaction and take over BNB for use.
23% increase can be near
On the daily chart, BNB formed a reverse head and a shoulder pattern. This pattern usually signals the beginning of the price rally when a failure occurs.
Source: TradingView
From the current price level of coin, the rally is about $ 749, which can be 23.03%. The move to $ 749 represents the highest price of assets this year.
The current trend and market construction can provide the driving force necessary to raise assets.
There are major obstacles
But there is one catch.
Spot Trader seemed to lower his stake. Last day, a $ 84.2 million BNB was transferred to the exchange and sold.
Source: COINGLASS
This activity will probably reflect profits.
However, if the sale continues today, it can suggest that BNB holders can suppress prices due to lack of trust in the potential of assets.