Binance Coin: BNB attempts a recovery but this is what lies on its way - Aliens: AI Crypto News & Markets Updates
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Binance Coin: BNB attempts a recovery but this is what lies on its way

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AMB Crypto

Sat, May 14, 2022

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A week marked by a significant decline in price for most cryptocurrencies which led to massive sell-offs on exchanges.

As markets began to ‘heal’ on 14 May, Binance Coin (BNB) rallied 10% replacing LUNA as the fourth largest by trading volume.

At the time of writing, the price of the coin stood at $287.65 a 4% decline in price.

Trading volume within the same time frame also declined by a whopping 55.42%.

Also recording a high of $51.04 billion in market capitalization yesterday, in just 24 hours, this quickly declined by 8% to $46.9b.

A look at the Active Addresses on the BNB Network showed an 8% decline with this metric standing at 16.2k at the time of writing.

Similarly, on a social front, with increased transactions recorded on the BNB Network, the Social Volume for the coin recorded a high of 2,821 yesterday.

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