![]() ![]() Please be aware that some of the links on this site will direct you to the websites of third parties, some of whom are marketing affiliates and/or business partners of this site and/or its owners, operators and affiliates. Users can benefit from a beginner-friendly interface and relatively low fees. Kucoin has a wide range of services, such as a built-in peer-to-peer exchange, spot and margin trading, bank level security and a wide range of accepted payment methods. ![]() Kucoin is a cryptocurrency exchange which offers over 200 cryptocurrencies. It is better suited to more experienced investors and it offers a large number of cryptocurrencies to choose from, at over 600.īinance is also known for having low trading fees and a multiple of trading options that its users can benefit from, such as peer-to-peer trading, margin trading and spot trading. #Binance us coins how toHow to buy Binance Coinīinance is one of the largest cryptocurrency exchanges in the world. As such, you should buy BNB when it moves above the key resistance at $337. Therefore, there is a likelihood that the coin will bounce back in the coming weeks. It has formed what looks like an inverted head and shoulders pattern.īinance Coin price has also formed what looks like a falling wedge pattern, which is usually a bullish sign. In this period, the coin has crashed from a high of $337 in August to a low of $267. The daily chart shows that the BNB price has been in a bearish trend in the past few weeks. BNB Chain was seen as a key player in the metaverse industry. After soaring in 2021, the metaverse has struggled this year, with projects like Sandbox and Decentraland losing momentum. In addition, the BNB price dropped because of the underwhelming performance of the metaverse. As a result, it was overtaken by Tron and is now the third-biggest smart contract platform in the world. Historically, cryptocurrency prices underperform in a period of high-interest rates.īinance Coin price also crashed as the total value locked (TVL) dropped from more than $21 billion to $5.2 billion. The Fed has hiked by 225 basis points this year while the Bank of England has hiked six times. As a result, central banks have been forced to hike interest rates. First, it retreated because of the soaring inflation in key countries like the United States and the UK. ![]() There are several reasons why the Binance Coin price has dropped this year. Other platforms built in BNB Chain are Venus, Alpaca Finance, and Cream Finance among others. For example, it was used to build apps like PancakeSwap, ApeSwap, Bogged Finance, and MOBOX. It is an Ethereum rival that is widely used by developers building decentralized applications (dApps) in all industries like DeFi, games, and non-fungible tokens (NFT).īNB Chain has been used to build some of the best-known applications in the Web3 industry. BNB ecosystem challengesīinance Coin is the native cryptocurrency for the BNB Smart Chain network. It has fallen by 48% this year, meaning that it has done better than other popular coins like BTC and ETH. ![]() The BNB price crashed to a low of $183, which was about 61% from the highest level in 2021. Binance Coin price lost momentum this year as momentum in the cryptocurrency industry wanes. ![]()
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