Investors, should you watch out for BNB Chain after this ‘milestone'

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%.

Timeline of Bnb

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.

Binance Coin (BNB) was able to climax at an all-time high that outperformed Bitcoin (BTC) – and Changpeng Zhao, Binance CEO, isn't surprised at all. Remarkably, the BNB/BTC pair reached $0.0124.

Binance exchange cryptocurrency [BNB] reached a new all-time high (ATH)  on 29 July. No, it hasn't surpassed its 2021 levels against the Tether [USDT], but as of 29 July, BNB crossed to an ATH against Bitcoin [BTC].

Binance investors are one of the most powerful and wealthy groups of crypto holders, and they play a major role in influencing the price. Recently, the attention of Binance investors has been drawn to Gnox, an emerging DeFi project with huge potential.

Binance Coin (BNB) price rose to a high of $272 and then fell back. Since July 19, buyers have failed to sustain bullish momentum above the $275 resistance zone. However, if the bulls break through the $275 resistance, the price will rise to a high of $323.

CANDYDEX token announces its launch on Binance Smart Chain with a new airdrop of up to 1 million worth of tokens. Dear CANDYDEX Community, After successful completion of CANDYDEX IDO sale round -1.

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer's opinion. As the altcoin market reflected a shift in momentum toward the buyers, Binance Coin (BNB) flipped its two-month trendline resistance to support.