Ahead of Binance's 13th IEO, BNB flashes several volatility markers
Takeaways:
- Latest on-chain data for Binance's native token indicates that a considerable amount of previously dormant coins are now on the move, and could lead to increased price volatility
- Ahead of the Cartesi IEO, BNB's social data suggests a conflicted outlook on the coin's short-term potential
- Metrics used: Daily active addresses, Token age consumed, Transaction volume, Social volume, Social sentiment, Social data feed
Binance coin, much like its native platform, has had itself a huge 30 days, gaining a mouth-watering 74.8% since its $8.81 bottom back on March 16th. In comparison, the entire crypto market cap grew by (a relatively modest) 30.7% in the same period, making BNB one of the top altcoin performers from ‘Black Thursday’ onward.
And if you ask BNB supporters, this is just the beginning. 4 days ago, CZ broke news that Binance Launchpad is to
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