{"id":527288,"date":"2023-04-18T08:41:23","date_gmt":"2023-04-18T08:41:23","guid":{"rendered":"https:\/\/wncen.com\/?p=527288"},"modified":"2023-04-18T08:41:27","modified_gmt":"2023-04-18T08:41:27","slug":"binance-coin-bnb-rallies-8","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/binance-coin-bnb-rallies-8\/","title":{"rendered":"Binance Coin (BNB) Rallies 8% Ahead Of Hard Fork Upgrade"},"content":{"rendered":"<p><span style=\"font-weight: 400\">The Binance Coin (BNB) token is on a roll as it gains massive momentum following its quarterly burn price and with the highly anticipated BNB Beacon Chain hard fork upgrade just around the corner.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">The surge in BNB&#8217;s market value is good news for investors and analysts. What&#8217;s fueling this sudden burst of bullish sentiment?\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">With BNB&#8217;s price on the rise, could this be the perfect time to invest in the digital asset?\u00a0<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/wncen.com\/news\/bitcoin-price-retreats-to-29000\/\" target=\"_blank\" rel=\"noopener \">Bitcoin Price Retreats To $29,000 Level \u2013 Further Drop Imminent?<\/a><\/div>\n<h2><strong>Barral Upgrade Hard Fork Expected For BNB Chain<\/strong><\/h2>\n<p><span style=\"font-weight: 400\">The BNB Chain is set to undergo the Barral upgrade through a hard fork at block height 310,182,000 on April 21. Despite a slight dip of 1.0% in the past 24 hours, BNB&#8217;s price has rallied impressively by 8.4% over the last seven days, currently standing at $344.93 according to <\/span><a href=\"https:\/\/www.coingecko.com\/en\/coins\/bnb\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">Coingecko<\/span><\/a><span style=\"font-weight: 400\">.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">The <\/span><a href=\"https:\/\/twitter.com\/BNBCHAIN\/status\/87439616\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">upcoming hard fork<\/span><\/a><span style=\"font-weight: 400\"> will mark the second one for BNB this month, following the &#8216;Plank&#8217; hard fork that took place on April 12, which aimed to enhance the layer-1 network&#8217;s security and stability.\u00a0<\/span><\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">The BNB Beacon Chain is expected to have a scheduled hard fork upgrade at block height 310,182,000.<\/p>\n<p>Read about what this means for BNB Chain.<a href=\"https:\/\/t.co\/6Q6Z9rvCAB\" rel=\"nofollow\">https:\/\/t.co\/6Q6Z9rvCAB<\/a><\/p>\n<p>\u2014 BNB Chain (@BNBCHAIN) <a href=\"https:\/\/twitter.com\/BNBCHAIN\/status\/87439616?ref_src=twsrc%5Etfw\" rel=\"nofollow\">April 16, 2023<\/a><\/p><\/blockquote>\n<h2><strong>Binance Coin On-Chain Metrics Indicate Positive Momentum<\/strong><\/h2>\n<p><span style=\"font-weight: 400\">On-chain metrics are providing insight into the recent price movements of BNB. According to <\/span><a href=\"https:\/\/tokenterminal.com\/terminal\/projects\/binance-smart-chain\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">Token Terminal<\/span><\/a><span style=\"font-weight: 400\">, BNB&#8217;s P\/S ratio experienced a decline in the past weeks, suggesting an undervaluation of the token. However, the ratio has been on an uptick since mid-March.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Additionally, there has been an increase in positive investor sentiment towards BNB, especially during the middle of last week, indicating trust and confidence in the token. BNB&#8217;s MVRV ratio has also shown significant improvement, potentially contributing to its recent bullish price action.<\/span><\/p>\n<h3><strong>BNB&#8217;s Weekly Report Highlights Blockchain Developments, Metrics<\/strong><\/h3>\n<p><span style=\"font-weight: 400\">In addition to the recent BNB Beacon Chain update, BNB has released its <\/span><a href=\"https:\/\/www.bnbchain.org\/en\/blog\/bnb-chain-news-april-7th-april-13th\/\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">weekly report<\/span><\/a><span style=\"font-weight: 400\">, which details significant developments and metrics for the blockchain. According to the report, BNB has surpassed 3.5 million Weekly Active Users (WAU) and 1.16 million Daily Active Users (DAU).\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">Furthermore, BNB has experienced a steady increase in daily transactions since January 2023, with over 20 million transactions processed in the past week alone.<\/span><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-medium\" src=\"https:\/\/www.tradingview.com\/x\/UBzI48q7\/\" width=\"2047\" height=\"659\"><\/p>\n<pre style=\"text-align: center\">Binance Coin (BNB) total market cap currently at $53 billion on the daily chart at <a href=\"https:\/\/www.tradingview.com\/chart\/ajrdy9Lf\/\" target=\"_blank\" rel=\"noopener nofollow\">TradingView.com<\/a><\/pre>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/wncen.com\/news\/okb-tallies-24-increase-but-active-addresses-fail-to-keep-pace-heres-why\/\" target=\"_blank\" rel=\"noopener \">OKB Tallies 24% Increase But Active Addresses Fail To Keep Pace \u2013 Here\u2019s Why<\/a><\/div>\n<p><span style=\"font-weight: 400\">The upcoming hard fork will bring several security enhancements to the cross-chain bridge between BNB Beacon Chain and BNB Smart Chain. These improvements include the ability to immediately pause cross-chain channels in the event of proof forgery detection and emergency intervention by any validator.<\/span><\/p>\n<p><span style=\"font-weight: 400\">As a result of these positive developments, BNB&#8217;s one-week price volatility has risen, giving hope for continued upward momentum in the coming days. Overall, BNB&#8217;s on-chain metrics are indicating positive momentum and optimism among investors for its future prospects.<\/span><\/p>\n<p><em>-Featured image from Currency.com<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Binance Coin (BNB) token is on a roll as it gains massive momentum following its quarterly burn price and with the highly anticipated BNB Beacon Chain hard fork upgrade just around the corner.\u00a0 The surge in BNB&#8217;s market value is good news for investors and analysts. What&#8217;s fueling this sudden burst of bullish sentiment?\u00a0 With BNB&#8217;s price on the rise, could this be the perfect time to invest in the digital asset?\u00a0 Related Reading: Bitcoin Price Retreats To $29,000 Level \u2013 Further Drop Imminent? Barral Upgrade Hard Fork Expected For BNB Chain The BNB Chain is set to undergo the Barral upgrade through a hard fork at block height 310,182,000 on April 21. Despite a slight dip of 1.0% in the past 24 hours, BNB&#8217;s price has rallied impressively by 8.4% over the last seven days, currently standing at $344.93 according to Coingecko.\u00a0 The upcoming hard fork will mark the second one for BNB this month, following the &#8216;Plank&#8217; hard fork that took place on April 12, which aimed to enhance the layer-1 network&#8217;s security and stability.\u00a0 The BNB Beacon Chain is expected to have a scheduled hard fork upgrade at block height 310,182,000. Read about what this means for BNB Chain.https:\/\/t.co\/6Q6Z9rvCAB \u2014 BNB Chain (@BNBCHAIN) April 16, 2023 Binance Coin On-Chain Metrics Indicate Positive Momentum On-chain metrics are providing insight into the recent price movements of BNB. According to Token Terminal, BNB&#8217;s P\/S ratio experienced a decline in the past weeks, suggesting an undervaluation of the token. However, the ratio has been on an uptick since mid-March. Additionally, there has been an increase in positive investor sentiment towards BNB, especially during the middle of last week, indicating trust and confidence in the token. BNB&#8217;s MVRV ratio has also shown significant improvement, potentially contributing to its recent bullish price action. BNB&#8217;s Weekly Report Highlights Blockchain Developments, Metrics In addition to the recent BNB Beacon Chain update, BNB has released its weekly report, which details significant developments and metrics for the blockchain. According to the report, BNB has surpassed 3.5 million Weekly Active Users (WAU) and 1.16 million Daily Active Users (DAU).\u00a0 Furthermore, BNB has experienced a steady increase in daily transactions since January 2023, with over 20 million transactions processed in the past week alone. Binance Coin (BNB) total market cap currently at $53 billion on the daily chart at TradingView.com Related Reading: OKB Tallies 24% Increase But Active Addresses Fail To Keep Pace \u2013 Here\u2019s Why The upcoming hard fork will bring several security enhancements to the cross-chain bridge between BNB Beacon Chain and BNB Smart Chain. These improvements include the ability to immediately pause cross-chain channels in the event of proof forgery detection and emergency intervention by any validator. As a result of these positive developments, BNB&#8217;s one-week price volatility has risen, giving hope for continued upward momentum in the coming days. Overall, BNB&#8217;s on-chain metrics are indicating positive momentum and optimism among investors for its future prospects. -Featured image from Currency.com<\/p>\n","protected":false},"author":557,"featured_media":527290,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[13295,86483,4735],"class_list":["post-527288","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-binance-chain","tag-bnb-price","tag-price-action"],"acf":[],"yoast_head":"\n<title>Binance Coin (BNB) Rallies 8% Ahead of Hard Fork Upgrade<\/title>\n<meta name=\"description\" content=\"The Binance Coin (BNB) token is on a roll as it gains massive momentum following its quarterly burn price and with the highly anticipated BNB Beacon Chain\" \/>\n<meta name=\"robots\" content=\"index, follow, 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Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin\u2019 helps him analyze and write meticulously formatted articles even better. Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies. Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects. 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But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats \u2013 a testament to his dedication to his furry companions (more on that later). Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin\u2019 helps him analyze and write meticulously formatted articles even better. Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies. Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects. So, the next time you tread into the world of cryptocurrency, remember the man behind the words \u2013 the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.","sameAs":["jomarjet01"],"url":"https:\/\/wncen.com\/author\/jomarjet01\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Binance Coin (BNB) Rallies 8% Ahead Of Hard Fork Upgrade","url":"http:\/\/wncen.com\/news\/binance-coin-bnb-rallies-8\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/binance-coin-bnb-rallies-8\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/04\/a-53.png?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/04\/a-53.png?fit=835%2C468"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Christian Encila"}],"creator":["Christian Encila"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["binance chain","bnb price","price action"],"dateCreated":"2023-04-18T08:41:23Z","datePublished":"2023-04-18T08:41:23Z","dateModified":"2023-04-18T08:41:27Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Binance Coin (BNB) Rallies 8% Ahead Of Hard Fork Upgrade\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/binance-coin-bnb-rallies-8\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/binance-coin-bnb-rallies-8\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2023\\\/04\\\/a-53.png?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2023\\\/04\\\/a-53.png?fit=835%2C468\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Christian Encila\"}],\"creator\":[\"Christian Encila\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"binance chain\",\"bnb price\",\"price action\"],\"dateCreated\":\"2023-04-18T08:41:23Z\",\"datePublished\":\"2023-04-18T08:41:23Z\",\"dateModified\":\"2023-04-18T08:41:27Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/04\/a-53.png?fit=835%2C468","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/527288"}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/557"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=527288"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/527288\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/527290"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=527288"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=527288"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=527288"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}