Analysts note that BNB is demonstrating a market pattern similar to Bitcoin's historical movements before a major rally. Key achievements of BNB Chain are discussed in this context.
Comparison of BNB and Bitcoin's Price Structures
Ali Martinez highlighted a striking similarity between the weekly charts of BNB and Bitcoin. He believes Bitcoin's current state resembles a time just before a major price rally. Martinez suggested that if the trend continues, BNB could rise from its current $775 level to about $1,200. At press time, BNB is priced at $806.46.
BNB Chain's Leadership in the DEX Market
According to CryptoRank data, BNB Chain recorded a trading volume of $196.3 billion on decentralized exchanges in July, more than double Ethereum’s and Solana’s trading volumes. This solidifies BNB Chain's position as the leading blockchain for DEX activity and emphasizes its influence in the DeFi sector.
Launch of VOOI V2 and Expansion of Trading Options
On August 5, BNB Chain announced the launch of VOOI V2 by the project Vooi, which introduces trading of cryptocurrencies, stocks, and other financial instruments on a single platform. This upgrade aims to simplify multi-asset trading for users.
In conclusion, BNB is demonstrating significant achievements in the market, paralleling historical movements of Bitcoin, and providing users with new trading opportunities.
