Did BNB escape inflation headwind to emerge as crypto big boy

The BNB token is emerging as a great performer even though the top crypto assets fell on 10 August. With growing fears surrounding U.S. inflation news, Bitcoin lost a crucial $23k support albeit briefly.

Timeline of Bnb

Double-digit inflation currently ravages most economically developed countries and has dominated headlines globally. People have seen their purchasing power drastically reduced, and if they have not seen wage increases in line with inflation, they have taken a significant pay decrease.

Binance coin (BNB) bulls look set to break key resistance with so much buying pressure that could send BNB price higher. The price of BNB looks really strong after showing some positive signs in the past few days with a lot of bids created by BNB bulls driving the price of the coin despite the market uncertainty.

After extending recent gains, bnb rose to its highest point in two months during today's trading session. The move comes following tweets from Binance CEO Changpeng Zhao, confirming a new partnership with Swiss watchmaker Franck Muller. Ethereum classic, on the other hand, was lower for a second straight session.

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.

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%.