<\/p>\n
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- Apart from price, BNB\u2019s network activity also registered an uptick over the last few weeks.<\/span><\/em><\/li>\n
- Most metrics and market indicators remained bullish on BNB.\u00a0<\/span><\/em><\/li>\n<\/ul>\n
BNB Chain\u2019s [BNB]<\/span><\/a> weekly chart registered gains of late, which gave investors hope for more profit. If the latest data is to be considered, things might get even better, as BNB\u2019s Galaxy Score was the highest among the top cryptos, giving hope for an incoming bull run.\u00a0<\/span><\/p>\n
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TOP 15 coins by @LunarCRUSH<\/a> Galaxy Score<\/p>\n
Galaxy Score is a proprietary score that is constantly measuring crypto against itself with respect to the community metrics pulled in from across the web#BNB<\/a> $BNB<\/a> $PEPE<\/a> $VRA<\/a> $LOOM<\/a> $WBT<\/a> $UNI<\/a> $TRX<\/a> $CAKE<\/a> $FLOW<\/a> $VET<\/a> $DOT<\/a> $USDT<\/a> $IOTX<\/a> $SOL<\/a>\u2026 pic.twitter.com\/r2W4PhkFU3<\/a><\/p>\n
\u2014 \ud83c\uddfa\ud83c\udde6 CryptoDiffer \u2013 StandWithUkraine \ud83c\uddfa\ud83c\udde6 (@CryptoDiffer) October 16, 2023<\/a><\/p>\n<\/blockquote>\n
\nRead<\/span> BNB Chain\u2019s [BNB] Price Prediction<\/span><\/a> 2023-24<\/span><\/p>\n
\nBNB Chain is showing bullish signals<\/b><\/h4>\n
BNB has finally managed to impress investors as its price surged by over 1.5% in the last seven days. At the time of writing, it was<\/span> trading<\/span><\/a> at $213.51 with a market capitalization of over $32.2 billion, making it the third-largest crypto. <\/span><\/p>\n
While the coin\u2019s price rose, its trading volume also increased by double digits, acting as a foundation for the price hike.\u00a0<\/span><\/p>\n
Will BNB actually begin a bull run?<\/b><\/h4>\n
Binance\u2019s network activity also registered an uptick of late, as Artemis\u2019 data revealed that<\/span> BNB<\/span><\/a>\u2019s Daily Active Addresses increased over the past few weeks. A similar increasing trend was also noted in terms of the blockchain\u2019s Daily Transactions, which, after a dip, went up sharply.<\/span><\/p>\n
![\"\"](\"https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/10\/Artemis-BNB.png\")
<\/a><\/p>\nSource: Artemis<\/p>\n<\/div>\n
Like network activity, the blockchain\u2019s trading volume has also increased in the recent past. This indicated that investors were willing to trade BNB effectively. The hike in volume also supported the surge in its price. <\/span><\/p>\n
Thanks to the price uptrend, the token\u2019s Price Volatility 1w also rose substantially, increasing the chances of a further uptick. The token\u2019s Social Volume was also relatively high, meaning that it was a popular coin in the crypto space over the last week.<\/span><\/p>\n
\nIs your portfolio green? Check out the<\/span> BNB Profit Calculator<\/span><\/a><\/p>\n
\nHowever, its Development Activity declined \u2013 a negative signal.<\/span><\/p>\n
![\"\"](\"image\/svg+xml,%3Csvg%20xmlns=\")
![\"\"](\"https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/10\/BNB-BNB-17.17.49-17-Oct-2023.png\")
<\/a><\/p>\nSource: Santiment<\/p>\n<\/div>\n
BNB\u2019s price can get further above, as most of the indicators were in the bulls\u2019 favor. For instance, the MACD displayed a bullish crossover.<\/span> BNB<\/span><\/a> Chain\u2019s Money Flow Index (MFI) and Chaikin Money Flow (CMF) both went up, increasing the chances of a further northward price movement.<\/span><\/p>\n
- Most metrics and market indicators remained bullish on BNB.\u00a0<\/span><\/em><\/li>\n<\/ul>\n
![\"\"](\"https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/10\/BNBUSD_2023-10-17_17-21-34.png\")