Will BNB continue to show dominance in count of daily active users?

BNB, the native token of the Binance blockchain performed well in two metrics- first in terms of daily active users and second in the count of the total number of transactions in the past week.

Timeline of Bnb

Binance coin [BNB] posted an impressive performance after sustaining massive FUD at the end of last year. It surged from $240 to over $310 in the past two weeks, offering investors a 30% gain.

Binance Coin has recovered from the sharp plunge it saw in mid-December. The $250 area was expected to pose stiff resistance to the price, but the asset was able to flip $256 to support and climb higher.

Like most other cryptos, Binance Coin [BNB] entered the first week of this year with joy after increasing its value. CoinMarketCap's data revealed that BNB's price went up by 11% in the last seven days, and at press time, it was trading at $275.62 with a market capitalization of more than $44 billion.

Binance Coin price analysis suggests sideways movement below $280 The closest support level lies at $275 BNB faces resistance at the $280 mark The Binance Coin price analysis shows that the BNB price action has climbed past the $275.00 mark as the bulls charge through.

GMX to launch on Binance Chain to benefit both parties Dapp activity declines, along with TVL and revenue that is being generated GMX, a decentralized exchange initially deployed on the layer 2 solution Arbitrum, recently proposed its launch on the Binance Smart Chain (BNB).

In recent weeks, there has been a lot of fear, uncertainty, and doubt (FUD) surrounding Binance Coin [BNB] after FTX's [FTT] collapse and the downward trend of its native cryptocurrency. The collapse caused exchange tokens to be looked at with distrust.

Hackers have made off with more than $8 million worth of Ethereum (ETH), Binance Coin (BNB), Tether (USDT), and Dai (DAI) after exploiting the Web3 crypto wallet BitKeep. The blockchain security firm PeckShield reveals that the bad actors stole approximately 4,373 BNB, 5.4 million USDT, 196,000 DAI and 1,233.21 ETH.

BNB was one of the best-performing cryptos in 2022, but it may crash in 2023. The exchange did well till now despite the FTX crash and other issues. As the year ends, the coin's future seems gloomy, and many fear it may tumble lower.

Binance Coin price analysis shows bearish momentum with further consistent opportunities. The bears rule the BNB market and are likely to maintain their momentum, and BNB now expects a further devaluation in the coming days.

Binance Coin [BNB] recently released its weekly stats, pointing out how the network performed over the last seven days. BNB revealed that its weekly transactions exceeded 16 million, and its daily average transactions were more than 2.7 million.