BNB shows potential for a 100% gain as Binance Smart Chain‘s network activity rises and supply on exchanges declines.
Additionally, the supply of BNB on exchanges has been gradually decreasing, which could lead to a supply squeeze.growth has been relatively slow compared to other top market-cap tokens. Over the past month, it achieved a 29.65% gain, but this pales in comparison to the performance of other leading assets.While current growth appears sluggish, analysis by AMBCrypto suggests that BNB has room for further upside, with expectations of continued price appreciation.
While this rise in activity suggests demand for BNB, the blockchain’s native token, and could lead to a price surge, the rally is far from complete based on historical patterns. If the current market follows a similar trend, BNB could potentially see a 100% price increase from its current levels, as reflected in the gap between active address milestones.A supply squeeze on BNB may be approaching—a situation where surging demand meets a falling supply of the asset, creating upward price pressure.
As of now, the funding rate stands at 0.0650%, a positive figure indicating that long traders are actively supporting the market by periodically funding it to maintain price stability.
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