There have been a lot of fluctuation in crypto money markets in the last 24 hours. The price of BNB Coin is also increasing when the article is prepared. Iran’s limited retaliation and Trump’s gratitude to this triggered the rise if the oil price decreased in crypto currencies. This movement in the price of BNB is also supported by a significant increase in the daily transaction volume of the network.
BNB Coin News
Since mid -June, there has been a significant increase in daily operations of BNB Chain. According to fashion show data, the network transactions reached 17.6 million, which has doubled to almost twice compared to the previous period. Experts believe that the existing technical and market conditions may be decisive about the sustainability of the rise in the transaction volume.
Maxwell Hard fork and expectations
The Maxwell Hard Fork update, which is seen as an important development for BNB Chain, is expected to take place on June 30th. If the update is successful, the block times will drop from 1.5 seconds to 0.75 seconds. This change aims to make the network more competitive and faster. Sector experts suggest that the update can increase the user experience and BNB Chain’s competitiveness with other networks.
Those who make assessments on the update are particularly united in the opinion that shortening in the block period is important in terms of transaction approvals. After technical upgrades, the transaction volume and the number of network users may increase, this supports the price.
BNB Coin Price
The price was supported at $ 616,55, while it rose to $ 627.85 after the resistance of $ 624,59. The BNB later became consolidated in the range of $ 620 and $ 625 for several hours, and finally exceeded the $ 625.24 resistance and gave a potential signal for the $ 630-635 range. While the article was prepared yet, the price of ceasefire was announced during the Israeli war, and now the price has now set his eyes again for $ 670 again.
In the coming hours, the price of BTC is $ 108,500 in the scenario we can see that extreme sales are reversed in subcoins.
Technical improvements in the BNB Chain and the increase in transaction volume reveal the development potential of the platform. If the update is successfully completed, the block is expected to provide serious improvements in both user experience and processing capacity. However, it should be considered that market volatility and geopolitical developments may be effective in pricing. The fact that users and investors closely monitor both technical developments and market conditions are among the most important elements that can make conscious decisions.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
