BNB

GryffinDAO Targets New High As Investors Brace for Polkadot, Chainlink Potential Spike

September 5, 2022 by Akash Anand

Cryptocurrencies are becoming repositories of wealth and investment vehicles rather than just payment services. These digital assets provide high security, decentralized governance, and fast transaction speeds. GryffinDAO (GDAO) is one token that could provide potentially high returns in the future.

Screenshot 20220905 144929 01 — GryffinDAO Targets New High As Investors Brace for Polkadot, Chainlink Potential Spike 3

Introducing GryffinDAO Token (GDAO)

GryffinDAO is a protocol that combines cutting-edge technology to provide a DAO platform that gives its holders all-around utility creation. Also, users can expect a quick, safe, and decentralized trading experience as it is built on the Binance smart chain.

The protocol has a strong smart contract capability with the Ethereum Virtual Machine (EVM), providing a wide range of applications and usage, including smooth loading of dApps from the Ethereum chain.

It also boasts one of the quickest transaction speeds and one of the most affordable fee structures in the crypto market.

They provide intriguing profit opportunities via their rebase token strategy and the benefits of a deflationary token. The objective is to provide the $GDAO actual token usefulness, essentially making it a better long-term alternative than stable currencies and other comparable token systems.

Polkadot, Chainlink target uptrend

The Polkadot and Chainlink pricing trends have had investors bracing for their impact on the markets. Unfortunately, Polkadot is trending negatively, as the DOT price analysis shows that the price could fall to $7.55. As a result, Polkadot may experience some selling pressure, but if it can maintain a price over $7.49, it may begin to see some buying action.

Polkadot pricing analysis indicates an alarming trend. Polkadot, trading at $7.74, is now looking for support at $7.49. DOT/USD is now trading at $7.74; however, if it goes below $7.49, it may find support between $7.32 and $7.05.

On the other hand, Chainlink has recently attracted a lot of attention from whales. WETH has been surpassed by LINK as the most traded asset among the top 500 ETH whales, exceeding the majors.

Since April, the network has dropped by 62.90%. Fortunately, whale interest isn’t the only thing driving interest in the token; there has also been increased activity among Chainlink holders as it appears that major cryptocurrency investors have opted to include LINK in their portfolios.

A significant increase in addresses with balances larger than $10 million has been seen. In addition, the number of these massive whales has increased by 5.88% since July.

The attitude, however, has been slightly more favorable than negative, indicating that the bulk of the crypto community appears to be on the LINK’s side.

Screenshot 20220905 144936 01 — GryffinDAO Targets New High As Investors Brace for Polkadot, Chainlink Potential Spike 4

Why GryffinDAO could be the next prime DAO protocol on BNB Smart Chain

GryffinDAO is a crypto DAO that aims to change how decentralized autonomous organizations operate. It aspires to create a one-of-a-kind platform where users may benefit from numerous DeFi apps while increasing their profits by offering utility via the $GDAO token.

It aspires to offer stability and value to the entire crypto ecosystem, not just the decentralized financial area. It will create an ecosystem that will serve as a better and longer-term alternative to standard financial transaction patterns.

It solves two basic issues in the cryptocurrency market: speculation and volatility. The $GDAO is deflationary and supported by a stable pricing system. Flash sales and rug pulls with prizes and incentives maintain the liquidity pool.

It prevents any catastrophic downslide during a crypto meltdown. GryffinDAO intends to combat speculative trading in the crypto market through widespread acceptance and usage.

Another fascinating component of the GryffinDAO ecosystem is the promise of bond pricing. Selling bonds is a great method for GryffinDAO users to make money on the market, but it’s also a means for the platform to expand its treasury, so it’s a win-win scenario.

Joining the $GDAO tokens presale right now comes with a slew of benefits. For example, you would get a 30% bonus on your first purchase, which can go up to 95% on your fourth token purchase. Please find more information here.

Binance has renamed its blockchain ecosystem as BNB Chain

February 16, 2022 by Vignesh Karunanidhi

Binance will merge the binance chain and binance smart chain (BSC) into BNB Chain as of today. This shift emphasizes BSC’s relationship with the BNB token and the BNB ecosystem.

Following in the footsteps of many other community-supported initiatives, BNB has been on its own evolutionary path toward more innovation and decentralization, and BNB’s use cases have surpassed those of Binance.

Its blockchain ecosystem, formerly known as Binance Smart Chain, has been renamed BNB Chain, and its token BNB, formerly known as Binance coin, has been renamed “Build and Build.”

Introducing #BNB Chain. The Evolution of #Binance Smart Chain.

Explore the meaning ➡️ https://t.co/ShUOR1w3MO pic.twitter.com/M8OxMedfXf
— Binance (@binance) February 15, 2022

“Over the years, we’ve realized that BNB has evolved into something beyond Binance, and in fact, BNB means Build and Build (not Binance Coin). It’s something CZ had tweeted before,” Samy Karim, BNB Chain ecosystem coordinator, told The Block. “The BNB ecosystem is bigger than Binance and has transcended Binance in terms of its use cases.”

Binance.com and BNB will be separated, giving the BNB Chain additional chances and flexibility to pursue new ideas. BNB Chain, on the other hand, will stay committed to BSC’s purpose of delivering the basic infrastructure required for eventual public adoption. The BNB Chain will continue to be a community-driven, open-source ecosystem based on a permissionless, decentralized model.

History of BNB chain

BNB, the asset that powers the BSC network, the industry’s most widely used blockchain, has come a long way from its creation. It was first released as an ERC-20 token on the Ethereum network in 2017. It transferred to Binance Chain in April 2019 and finally became the fuel for the BSC network, which debuted in September 2020. Binance Smart Chain, which BNB powers, has grown to become a fascinating and active ecosystem with millions of users and hundreds of dApps. During the development of DeFi and GameFi, it became the dominating blockchain.

BNB has evolved from a Binance.com native currency used primarily for trading and Binance goods to a gas charge and the primary asset of the more decentralized and scalable BSC network.

The launch of the BNB Chain is a watershed moment in the growth of the Binance Chain and BSC networks and the BNB utility token. It ushers in a new age of more user-friendly and performance-focused blockchain apps that will benefit the general public while also providing organizations and enterprises with the infrastructure they need to shift to blockchain and into the Web3.

Binance has also come up with a new idea called MetaFi, which is a mix of two terms — Meta (metadata) and Fi (finance) (DeFi). The BNB Chain group hopes to use MetaFi to provide infrastructure for a variety of projects, including GameFi, SocialFi, Web3, and NFTs.

Binance Coin Witnesses Double-Digit Gains as Other Cryptos Fail to Catch Up

October 13, 2021 by Akash Anand

The arrival of the bear set a new precedent for the cryptocurrency market as prices fluctuated constantly. In the midst of dwindling prices, one altcoin outperforming its compatriots was Binance’s own altcoin, BNB. The third-placed cryptocurrency sought its vindication by cementing its increased market cap over 4th ranked Cardano.

At press time, Binance Coin was trading for $459 holding a market cap of $77.5 billion. The boost could be attributed to the cryptocurrency’s hold on its investor market. Binance Coin grew by 17 percent over the past day, making it one of the biggest winners in the top 20 cryptocurrency club. Even the daily trading volume shot up to $5.62 billion as a wave of new investors joined the BNB market.

Binance Coin [BNB] 1 hour:

BNB’s hourly gains were evident on the charts as the price climbed vertically from the immediate support at $360.4. After crossing the $400 threshold, the cryptocurrency faced a price slump. The community had no reason to panic as the recovery was almost instantaneous.

Parabolic SAR: A majority of the markers stayed below the price candles after an active 48 hours. This shift in momentum was seen as a new step in BNB’s growth.

Relative Strength Index: The graph spiked towards the overbought threshold as more users bought into the BNB market.

Chaikin Money Flow: The hold above the zero line meant that the capital coming into the market had overtaken the outflow, despite the flux.

Binance Coin 1 day:

bnb 1 d 1 — Binance Coin Witnesses Double-Digit Gains as Other Cryptos Fail to Catch Up 8

Long-term performance was indicative of a bullish atmosphere akin to the ramp-up in April. The daily support clocked at $330 after the formation of consecutive green candles.

Relative Strength Index: The pattern was similar to its hourly action as the number of BNB HODLers increased. If more users amp up the buying pressure, the graph is expected to break the threshold.

Chaikin Money Flow: As the buying pressure increased, so did the capital influx.

Parabolic SAR: Since the end of September, only two markers have failed to stay below the price candles. The strong bullish momentum played a massive role in establishing BNB in the podium positions.

Binance Coin [BNB] maintains rank 3 as bear influences price action

October 6, 2021 by Akash Anand

The first week of October seems to have brought fervent activity to the market as cryptocurrency prices entered a bull/bear flux. Altcoins moved along the bull axis before it was rudely interrupted by the bear’s swirl. As Bitcoin held its own above the 50k mark, the altcoin industry had its crests and falls too.

One of the major altcoins suffering under the bear’s crunch was Binance Coin [BNB]. The Changpeng Zhao led cryptocurrency witnessed a 4.8 percent drop in value over the previous 24 hours to trade at $423.3. Binance Coin’s market cap fell to $70.6 billion while the daily trading volume clocked at $1.64 billion. Even though the daily rate was bearish, the cryptocurrency held a strong standing in the weekly spectrum.

Binance Coin 1 hour:

Screenshot 20211006 172359 01 — Binance Coin [BNB] maintains rank 3 as bear influences price action 11

The third largest cryptocurrency on the charts had a wild week after reclaiming the third spot and hitting the bear wear. Binance Coin’s immediate support was at $412.2 after a tumultuous price action week.

Relative Strength Index: BNB’s graph climbed into the oversold threshold after a change in user sentiment. The graph is expected to climb more if more people hold onto their assets.

Chaikin Money Flow: The climb allowed BNB to tick above the zero line, indicating a shift in capital movement. A positive turnaround signified more money coming into the Binance market.

MACD: The signal line and the MACD line fell to the bottom of the graph after diverging from the confluence. Even the histogram moved into the red zone after the bear’s arrival.

Binance Coin 1 day:

Screenshot 20211006 172347 01 — Binance Coin [BNB] maintains rank 3 as bear influences price action 12

In the long term, Binance Coin struggled to hit earlier highs with the daily support at $327.6. The bottom of the graph was higher than earlier thresholds.

Chaikin Money Flow: The sporadic movement on the charts settled with the graph moving towards the zero line. A rescued capital flow may lead to further disparity among the time spectrums.

MACD: Unlike it’s hourly counterpart, the indicator moved upwards as the histogram surged towards greener pastures.

Relative Strength Index:The RSI was closer to the overbought zone than the oversold zone as user interest piqued in the long term. Fans of the cryptocurrency would want it to replicate it’s daily performance on the hourly charts.

Binance Coin [BNB] Sees Double-Digit Growth As October Brings Greener Pastures

October 2, 2021 by Akash Anand

Several altcoins led the bull charge on the 1st of October with market caps surging on the charts. Binance Coin [BNB] emerged as one of the best performers of the day that saw spectacular growth in both the daily and weekly timeframes. The weekend seems to have brought along some good tidings for the crypto-verse as multiple coins witnessed double-digit gains.

At the time of writing, BNB was valued at $411.8 while its market cap climbed to $69.35 billion. The cryptocurrency climbed by 10.6 percent over the last 24-hours which was enough to push the daily trading volume over the $1.9 billion mark. As October officially dawned upon the cryptocurrency market, enthusiasts expected a change in fortunes.

Binance Coin 1-hour:

bnb 1hr — Binance Coin [BNB] Sees Double-Digit Growth As October Brings Greener Pastures 15

The hourly spectrum saw BNB register strong green candles on Friday. Binance’s cryptocurrency enjoyed a consecutive green red save for one red candle in between. According to the readings, BNB’s immediate support was clocked at $325.06.

Bolinger bands: The Bollinger bands diverged from one another as the cloud size increased. This was a sign of an impending buy-in run for Binance Coin.

Relative Strength Index: BNB’s RSI stayed above the overbought threshold as the cryptocurrency enjoyed one of its strongest runs in weeks. The indicator was evidence that more users were buying into the Binance Coin ecosystem.

MACD: The MACD line and the signal line moved upwards after crossing over. Even the histogram displayed strong bullish momentum.

Binance Coin 1-day:

bnb 1 d — Binance Coin [BNB] Sees Double-Digit Growth As October Brings Greener Pastures 16

BNB’s daily performance was more stagnant compared to its hourly counterpart. The daily price resistance fell to $265 after the bear run at the start of May.

Relative Strength Index: After Friday’s resurgence, the indicator shot up to the moon. The new influx of investors is expected to benefit the cryptocurrency’s long term price hold.

MACD indicator: After a slow September, the MACD line and signal line converged on October 1. The histogram in turn was in the midst of recovery after seeing red for the entirety of September.

Bollinger bands: Both the bands moved parallel to each other after the green candle lifted the price action out of its lull.

BNB paves bullish path as other altcoins try to keep pace

August 16, 2021 by Akash Anand

BNB joined the rest of the altcoin market in a price flux as the bull and the bear butted heads. Binance’s native asset was in the bull’s good books as it enjoyed double-digit gains over the week. Binance Coin maintained its position as the only cryptocurrency to have green tickers across the hourly, daily, and weekly time spectrums.

At press time, BNB was trading for $424.6 with a market cap of $65.6 billion. A 6 percent daily hike elevated BNB’s trading volume to $1.8 billion, which included stats from the largest cryptocurrency exchanges. BNB still had ways to go before it could surpass its nearest competitor, ADA.

BNB 1 hr:

Binance Coin’s latest rally allowed the indicators to fall in the bull’s court. The support held near the $375 mark, a bounce point for the cryptocurrency’s price.

BNB’s Bollinger bands diverged from one another with users hoping for a significant cloud formation. The RSI grazed the overbought zone indicating a massive increase in the number of people HODLing Binance Coin.

Binance Coin’s CMF pushed for a bullish atmosphere as the graph spiked above the zero line. A steeper CMF graph pointed to increased capital in the BNB y.

BNB 1 day:

In the long term, Binance Coin was picking up steam just like its counterparts. With the long-term support untouched since April, BNB had a safe run-up.

In the daily charts too, BNB’s technical indicators were on the bull’s team. Although the Bollinger cloud was smaller than the hourly spectrum, it signified positive momentum. Both the long-term CMF and RSI ascended vertically with the increase in funds and users.

Binance Coin (BNB)stays true on the bullish path as support climbs

August 11, 2021 by Akash Anand

The cryptocurrency market’s resurgence mid-week has instilled a sense of belief that the bull was here to stay. Altcoin climbs held their own against Bitcoin’s 20 percent weekly gain. Binance’s cryptocurrency, BNB, had a stellar hike with an 8 percent daily gain allowing it to stay up in the fourth position.

At the time of writing, Binance Coin was trading for $385.95 with a daily trading volume of $2.17 billion. The cryptocurrency’s $59.53 billion market cap was approximately $4 billion more than its nearest competitor, Cardano. BNB’s stellar growth was representative of the vertical climbs enjoyed by the rest of the market.

BNB 1 hour:

Binance Coin has seen a steady increase in price since the start of this month. With the immediate support holding below the $330 mark, Binance Coin was slowly but surely building on it.

BNB’s Chaikin Money Flow indicator ticked upwards unveiling a new set of investments into the Binance Market. The cryptocurrency’s RSI stayed above the oversold threshold despite crashing in the wee hours of Wednesday.

The chart also showed BNB’s prowess through the Parabolic SAR. The PSAR markers have stayed below the candles for the longest stretch for the month of August.

BNB 1 day:

The long-term charts indicated a bullish with multiple batches of green candles. The long-term support remained unwavering at $230 with all 3 indicators siding with the bull.

The mix of positive market sentiment and elevated prices has helped in the revival of the BNB market. This sentiment had reached a 30 day low on June 21 after which the coin saw tremendous growth.

BNB’s PSAR stayed below the graph for the 19th consecutive price candle. This matched the bullish nature the cryptocurrency was beading towards. The CMF’s upward run capped a mid-week run that could set off a surge before the weekend.

Binance Coin [BNB] Faces Off Against Bear as Market Dips

June 22, 2021 by Akash Anand

As cryptocurrency prices enter a new red sector, proponents of the market remained unfazed with some urging new members to “buy the dip”. Coins such as Bitcoin [BTC], Ethereum [ETH], and Binance Coin [BNB] witnessed price slashes unseen in over 2 months.

Altcoins such as Binance Coin enjoyed a tremendous bull run last month but the current price crunch has erased all the previous accumulated gains. At press time, BNB was trading for $260.5 with a market cap of $41.1 billion. BNB prices dipped by 12.5 percent over the past 24-hours further reducing the daily trading volume to $3.08 billion. Thanks to the market-wide bear attack, BNB’s closest rival Cardano was still $5 billion behind in terms of market cap.

BNB 1 hour:

Binance Coin’s short term charts painted a bearish picture with the 4th largest cryptocurrency breaking its immediate price support. The current support stands at $259 while the immediate resistance was locked in at $365. BNB’s parent company, Binance, has urged its holders and fanbase to HODL their assets for the long run.

The Relative Strength Index had fallen towards the oversold zone, a normal movement during an price dip. This was a sign of a sell off triggered by the latest crash. Since the graph is on the threshold, there remains a chance for an upturn. According to the Chaikin Money Flow, the capital leaving the BNB market was more than the influx.

Only the MACD indicated a bullish prospect with the signal line and the MACD line diverging today. Post the divergence the graphs have moved parallel to each other, which may give a reprieve for BNB’s price.

BNB 1 day:

The long-term chart for BNB also pointed to a bearish hold on the market with prices heading to levels unseen since March. BNB’s long-term support was the same as that of the hourly chart ie. $259. The Relative Strength Index had fallen below the oversold zone as BNB’s buy-in patterns changed for the worse. The stabilization in the graph could mean that users had begun to redirect their capital into BNB.

The Chaikin Money Flow [CMF] crashed below the zero line after holding at a 60 day high. Massive amounts of BNB being sold could be one of the reasons for the sharp downturn. Unlike in the hourly charts, the MACD line for the long term was bearish. As the rest of the cryptocurrency market also heads for more bear attacks, BNB holders should continue to take notes from earlier price crashes.

Binance Coin’s [BNB] volume plunges after smashing ATH above $650

May 6, 2021 by Chayanika Deka

Binance Coin [BNB] remained close to its recently established all-time high despite a minor setback. The exchange token has been on a consolidation mode for nearly three weeks eventually formed a new peak earlier this week. It amassed weekly gains of 16.83%.

Binance Coin [BNB] noted a minor decline of 1.09% over the past 24-hours which drove the crypto-asset to $645.43. At the time of writing, the digital asset registered a market cap of $99.26 billion and a 24-hour trading volume of $5.28 billion.

Binance Coin [BNB] 24-hour Price Chart:

BNB1 — Binance Coin's [BNB] volume plunges after smashing ATH above $650 31

Binance Coin [BNB] has witnessed a renewed bullish momentum in the second quarter of the year. Even as the price bounced off from its peak, it had not yet tested its immediate support level. The mouth of the Bollinger Bands depicted an upcoming phase of volatility in the coin market, which could indicate a further upside price movement in the coming days.

The volume of the token has, however, failed to back the bullish streak as it kept a low profile since mid-April. This could potentially hinder the uptrend.

BNB2 — Binance Coin's [BNB] volume plunges after smashing ATH above $650 32

The red closing bar of Awesome Oscillator on the daily chart of Binance Coin was indicative of a momentum that is shifting towards the bearish realm. The MACD, on the other hand, maintained its streak above the signal line despite hints of a flip to the negative side and a tumbling buying demand. This alerted the possibility of some selling BNB holders in the near term.

But the Relative Strength Index [RSI] depicted a different picture. It was well above the 50-median line that signified a sentiment of increasing buying pressure in the market despite the formation of an all-time high. In short, the investors aren’t done yet and there could be more upside potential.

The immediate resistance level for BNB was found to be at $677. The crypto-asset was supported at levels of $562.8 and $481.9 respectively.

Binance Coin [BNB] Surges Above $560 After Starting Relief Rally

April 28, 2021 by Chayanika Deka

Binance Coin’s, BNB price has surged close to its recently established ATH amid a market-wide rally. It has managed to secure its position as the third-largest cryptocurrency on the leaderboard and currently sits below Ethereum [ETH].

The weekend reset gave an opportunity for investors to buy the tokens at lower levels. Owing to this, several market participants accumulated on dips that drove BNB to notch weekly gains of more than 10% while its peer altcoins also attempted to push the price above the resistance points.

Currently, Binance Coin [BNB] was found to be teetering at $567.7 and was up by nearly 6% over the past day. The digital asset recorded a market cap of $87.28 billion and a 24-hour trading volume of $3.78 billion, at the time of writing.

Binance Coin [BNB] Daily Price Chart:

The candlestick arrangement formed a symmetrical triangle on the 24-hour chart of Binance Coin [BNB]. This is a continuation pattern which signified that the token could undergo a consolidation phase within the to sloping trendline before undergoing a breakout.

In line with this, the converging Bollinger Bands on the above chart pointed also towards a period of low volatility in the market. Meaning, there might not be any abrupt trends change in either direction in the near term.

The moving averages, 50 DMA [Pink] and 100 DMA [Purple] continued to form crucial support points for the asset’s price.

The Chaikin Money Flow [CMF] was above the zero line depicting a steady inflow of capital into the BNB market. The Klinger Oscillator was headed for a bullish crossover after treading on the negative side almost a week.

The RSI also noted an uptick near the 64-level and targeted the overbought region following the latest rise. This was indicative of a strong buying sentiment in the coin market.

The BNB bulls could now try to thrust the price above the resistance zones of $597, and $643. Support levels, on the other hand, were identified at $481, $381, and $259 respectively.

BNB