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

There’s more of this Insight

Choose your subscription plan

Sanbase PRO
Unlock all PRO insights
$49/mo

Years of market experience, compressed in each report

Since 2017, Santiment has been an industry leader in on-chain data, social intelligence and behavior-based analysis of the crypto market.

Our tools have a proven track record of timing price tops for cryptocurrencies, helping traders find profitable exit points and mitigate HODLing risk.

Our previous TOP calls:
insight card
signal form

What you get with Sanbase Pro:

  • Members-only daily market insights and analysis
  • 30+ on-chain, social & project indicators for 900 cryptocurrencies
  • Custom alerts for the coins' price, on-chain & social trends
  • Santiment Spreadsheet plugin with 10+ pre-made market templates
  • Personalized asset watchlists and weekly performance reports

Gain unfair advantage with Sanbase Pro

Subscribe to Sanbase Pro for access to exclusive insights, market-beating metrics, strategies and templates!

Suggested insights

We are using cookies to improve your experience!

By clicking “Allow all”, you agree to use of all cookies. Visit our Cookies Policy to learn more.