The price of Binance Coin (BNB) has dropped to $650, which is 6.70% lower than its peak this year. Despite this, there is a notable increase in transactions and active users on the BNB Smart Chain.
Current Binance Coin Price
As of June 15, the price of Binance Coin (BNB) is $650, down 18% from the year's record. This occurs amid a general increase in activity within the Binance ecosystem.
Surge in Transactions and Users on BNB Smart Chain
Data from Nansen showed that the BNB Smart Chain has become the fastest-growing network in the last 30 days, handling over 405 million transactions. The number of active addresses also increased, with total transaction fees reaching $14.8 million.
Technical Analysis of BNB Price
The current 12-hour chart indicates that the BNB price is under pressure and consolidating around the 100-period moving average. A bounce back is expected, with a potential test of the resistance level at $697.55.
Although the price of Binance Coin is showing a decline, the increase in activity and transactions on the BNB Smart Chain may affect future forecasts and the token's price.
