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Analyzing the effects of BNB Chain’s [BNB] decision to reduce gas fees

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Analyzing the effects of BNB Chain’s [BNB] decision to reduce gas fees
France Dernières Nouvelles,France Actualités
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Analyzing the effects of BNBChain’s [BNB] decision to reduce gas fees

Santiment’s chart revealed quite a few factors that might have played a role in allowing BNB to minimize its price decline. For instance, BNB’s MVRV Ratio did not remain on the negative side for long during the bear market, which was a positive sign.In fact, the whales also had an interest in BNB, as evident from the whale transaction count. It did not seem likely that’s price would be subjected to an unprecedented decline in the near term, as its 1-week price volatility declined lately.

Furthermore, BNB’s performance on the social front also remained decent. The network’s social dominance metric increased in the last week, thus reflecting BNB’s popularity.

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