The Benance Coin went to the paralysis this week, rose to its highest level in a month as its ecosystem bounced.
Binance Coin (BNB) token jumped for eight straight days and reached a high level of $ 732. It has jumped more than 43% from its lowest level this year.
The BNB price jumped after developers declared their priority for this year. He hopes that this will increase network speed, allowing them to handle over 100 million transactions a day.
The network also expects to introduce a gasless feature for all transactions, which hopes that this user will reduce transactions fees. In addition, BNB hopes that the network is usually known as Mev, usually known as MeV.
The BNB chain is also taking artificial intelligence seriously, introducing devices such as AI agents to automate tasks. To promote the development of its ecosystem, it will also introduce decentralized storage and AI hackathon.
The price of BNB also jumped as its stacking yield increased by double digits. As StakingrewardsThe yield has increased by 16.3%, making it one of the coins with top yields in the industry. This yield is much higher than bonds and popular dividend funds.
BNB tokens also increased as a boom of its ecosystem. Most of the tokens in its ecosystem were some of the best artists. Taba, a top dex network, jumped from 43%, while Simon’s cat, Venus, Pancakexwap and Dodo jumped more than 30%.
These tokens can do well due to their basic principles. For example, Pancakexwap has flipped Uniswap and Radium in the amount of weekly transactions. Other rapidly growing Dex networks on BNB are Uniswap and Dodo. This growth may continue as Changpeng Jhao Mem coin goes to the industry.
The Benance Coin also increased after being filed for a 60 -day stay on its litigation with the company.
BNB price technical analysis
The weekly chart suggests that the price of Binance Coin has been on a strong rally since being down at $ 190 in 2023. It has formed a cup-and-handle pattern, with a recent part of the Consolidation Handle Section.
The coin has been above the moving average of the 50-week and has formed a long-term Legged Dozi, which is a popular rapid reversal.
The depth of the cup is about 70%. Therefore, measuring this distance from the upper side of the cup means that it can exceed $ 1,100 in the long term. If the coin rises above the resistance of last year’s high $ 793 and $ 1000, these benefits will be confirmed.
