Binance Coin Finds Support At $240 – Can BNB Barrel Past $300?

Binance Coin (BNB) seems to thrust upwards targeting the $350 mark with the support level spotted at $275 and resistance at $295. According to CoinMarketCap, the Binance Coin's price has spiked by 3.06% or $300.17 as of this writing.

Timeline of Bnb

The global crypto market couldn't retain the bullish wave as it has again turned bearish. The recent change has brought Bitcoin and others back to bearishness as the investors have pulled back.

The presale for the native token of the upcoming NFT-based metaverse game ‘Battle Infinity' has attracted a high amount of interest from early investors.  With 68 days remaining in its 90-day presale, over 8000 BNB (over $2.

Binance Coin [BNB] broke above the downtrend line on 28 July, indicating a potential trend change. In fact, at press time, BNB held a 7.5% ($6.86 billion) share of the entire market's TVL.

BNB Chain recently announced the 27 finalists of the Most Valuable Builder (MVB) Incubation Program, which is an accelerator program that's co-led by Binance Labs to offer mentorship and funding “to emerging projects built on top of the BNB Chain.

Popular cryptocurrency exchange platform Binance announced on Monday the roll-out of Binance Account Bound (BAB), the first-ever Soulbound token (SBT) built on the BNB chain. The company noted that only users who have completed the Know-Your-customer (KYC) are eligible to own the BAB token.

The second quarter of 2022 has been one of the worst-performing quarters for most cryptocurrencies. BNB Chain also suffered massively during the carnage, with BNB dipping by more than 50%.

With the level at which cryptocurrency is getting adopted recently, more and more people have been looking to get onboard. But without enough information on what coins to buy, finding a good entry point is a difficult task.

SMARTLend is a hybrid ROI DApp project that is built on the Binance Smart Chain Network. The developers behind the project chose the Binance Smart Chain network for its larger audience, cheaper transaction fee and matured investors.

Many investors are in a panic during this bear market and are eager to sell their holdings and switch their portfolios to cash or short-term government bonds. The selling pressure for coins and tokens is driving down the price of cryptocurrencies, and the cryptocurrency market is no exception.

Many analysts believe August will be a good month for altcoins and NFTs, but investors are sceptical about leaving stablecoins to invest in crypto assets because we are still in a bear market. Despite the caution, it has become apparent that some whales have been making big moves in preparation for the next market cycle.