BNB is experiencing increasing bullish sentiment and robust on-chain metrics, indicating a promising breakout potential for Q2. Recent trends reflect a healthy rotation of capital towards BNB, strengthened by impressive revenue growth on Binance Smart Chain.
In Q1, Binance Smart Chain demonstrated a 70% quarter-over-quarter revenue hike, achieving a total value locked of 6.82 billion USD. This performance, evidenced by rising fees and network activity, highlights BNB’s increasing attractiveness among investors.
Despite broader market fluctuations, BNB displayed notable resilience, bouncing back from a low of 524 USD to approximately 558.42 USD. The BNB/BTC trading pair has shown positive momentum, suggesting that investor confidence in BNB is strengthening.
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