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$BNB #opbnb About Binance Coin The Binance Coin price is $212.16, a change of -0.31% over the past 24 hours as of 5:03 a.m. The recent price action in Binance Coin left the tokens market capitalization at $32,642,764,729.73. So far this year, Binance Coin has a change of -14.14%. Binance Coin is classified as a Smart Contract Platform under CoinDesks Digital Asset Classification Standard (DACS). Binance coin (BNB) is the exchange token of the Binance crypto exchange. It was launched originally on the Ethereum blockchain but later migrated to the Binance Smart Chain, now called BNB Chain.

$BNB #opbnb

About Binance Coin

The Binance Coin price is $212.16, a change of -0.31% over the past 24 hours as of 5:03 a.m. The recent price action in Binance Coin left the tokens market capitalization at $32,642,764,729.73. So far this year, Binance Coin has a change of -14.14%. Binance Coin is classified as a Smart Contract Platform under CoinDesks Digital Asset Classification Standard (DACS).

Binance coin (BNB) is the exchange token of the Binance crypto exchange. It was launched originally on the Ethereum blockchain but later migrated to the Binance Smart Chain, now called BNB Chain.

Disclaimer: Includes third-party opinions. No financial advice. See T&Cs.
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Binance trading volumes hit yearly high at $1.12T in March Binance spot trading volumes hit a yearly high in March as Bitcoin and Ethereum rose to new highs. Spot trading volume on the Binance exchange hit its highest level since May 2021 afte seven consecutive months of ascent, according to a new report from CCData. According to an April 5 report by cryptocurrency analytics platform CCData, Binance’s spot trading volume increased by 121% to $1.12 trillion in March The report said the combined market share of the exchange also increased by 1.04% to 44.1% in March. Source: CCData CCData highlights Binance’s recovery after settling its case with the United States Department of Justice and paying a $4.3 billion settlement fine. This is evidenced in its derivatives trading volumes, which have risen by 89.7% to $2.91 trillion, also achieving their highest levels since May 2021. CCData analysts also noted that Binance made the largest gain in spot markets, increasing its market dominance by 2.3% compared with February. The exchange also saw the biggest gains year-to-date, now accounting for 38.0% of the spot trading volumes on centralized exchanges (CEXs). Change in market share on selected exchanges year-to-date. Source: CCData In January, analytics firm Kaiko reported that Binance experienced an increase in trading volume, with its market share climbing 50% within just two months of its settlement with the United States Department of .
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Ripple, Developer Behind XRP Ledger, Enters Stablecoin Fray vs. Tether, USDC
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Fantom Supply On Exchanges See Drastic Increase, A Cause For Alarm? The Fantom (FTM) supply on exchanges has been rising in recent times, leading to speculations for what this might mean for the price of the cryptocurrency. Going by trends in the crypto market of when the exchange balances of a particular coin goes up, there might be some pain ahead for FTM investors. Fantom Supply On Exchanges Rise By 16 Million The Fantom price had increased over the last month to reach a new three-year high above $1.2. However, this rally was only short-lived and the altcoin has begun to eliminate its gains from the month of March gradually in the past week. Related Reading: Shiba Inu To Rally 100% To $0.000062? Analyst Reveals Why This Is Possible One culprit for this decline in price is the high level of selling that have been taken place among FTM holders, majority of which have been holding their coins for a rather long time. As a result, the available supply of Fantom on centralized exchanges continued to balloon as investors rush to sell off their tokens and capitalize on gains. Data from the on-chain tracking website Santiment shows that in the last week of March, there was a considerable number of FTM flowing into centralized exchanges. This saw their available balance go from around 654 million to over 670 million in the space of a week, with over 16 million flowing into exchanges. This inflow trend coincides with the drop in the Fantom price from above $1.1 to $0.84, suggesting that it is indeed the selling pressure from these FTM investors that is responsible for the price decline. Given this, there would have to be a reversal in this selling trend is the FTM price is to recover from here. Bullishness On FTM Not Dead The inflow of millions of FTM into centralized exchanges is bearish, but this could only last for the short term. As a rule of crypto, eventually, these sellers will run out of coins to sell, leaving room for demand to catch up with the available supply. At this point, the FTM price will begin to see a reversal in the trend.
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XRP price-to-sales ratio double that of Nvidia The price-to-sales ratio is used to assess the potential of an investment, with lower ratios signaling more attractive opportunities. The XRP token’s price-to-sales ratio is nearly double that of Nvidia, one of the most traded stocks on the market.  The XRP  XRP  $0.63  token has a price-to-sale ratio of 61.689, while Nvidia has a price-to-sales ratio of 37. This ratio is calculated by dividing a company’s market capitalization by the company’s revenue or total sales over the past 12 months. The lower the ratio, the more attractive the investment. Ripple’s XRP ledger generated over $583,000 worth of network fees in 2023, according to Messari. In comparison, Nvidia generated $26.97 billion in revenue during 2023, according to its 2023 fiscal report. The XRP token rose 0.15% in the 24 hours up to 10:30 am UTC, to $0.6205, with a $34 billion market capitalization, according to CoinMarketCap data. Nvidia shares were down 0.49% in pre-market trading to $898.25, according to Yahoo Finance data. Nvidia is the world’s largest semiconductor chip manufacturer and the third-largest company in the world, with a market capitalization of $2.25 trillion.
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