BNB Chain: Despite unimpressive metric data, BNB witnessed some massive gains on this front - Aliens: AI Crypto News & Markets Updates
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BNB Chain: Despite unimpressive metric data, BNB witnessed some massive gains on this front

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AMB Crypto

Sun, Jun 26, 2022

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In addition, weekly transactions on the network between 17 to 23 June saw a 19% decline from the 29.9 million registered in weekly transactions between 10 to 16 of June.

According to data from Santiment, on 17 June, the price per BNB token marked a spot at $210.

On a steady growth, the BNB token marked a high of $218 on 18 June after which the bears forced a retracement.

By 23 June, the price per BNB token had touched a high of $228.41.

The Relative Strength Index (RSI) of the BNB coin indicated that the coin was significantly oversold prior to 17 June.

However, as the price of the coin started to rally on 17 June, the RSI took on an upward curve.

According to data from Santiment, the BNB coin saw significant on-chain growth between 17 to 23 June.

Furthermore, considering the period under review, the transaction volume for the BNB token saw steady growth in value.

The transaction volume grew by 70% from 17 June to 23 June.

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