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BNB Holders Should Prepare Themselves For This Trend Reversal

BNB Holders Should Prepare Themselves For This Trend Reversal thumbnail

BNB, a native token of the Binance cryptocurrency exchange, made it through the bearish month of September with minimal losses.

  • BNB currently trades at $285.40 and is up by 3.4% for the past two weeks
  • The altcoin’s MVRV declines, indicating possible price drop
  • Social volume of BNB dips as interest may be fading

With its $45.8 billion market capitalization, it is the 5th largest digital currency behind Bitcoin, Ethereum and Tether.

At press time, according to Coingecko, the coin first introduced via ICO in 2017 is trading at $281.40, increasing its price by 3.4% during the last 14 days.

The beginning of October is also looking bright for BNB, as its network has witnessed a number of positive developments that could prove beneficial in its attempt to surge even higher in the coming days.

But experts are now giving words of caution for the asset’s holders as metrics and other indicators might be hinting at a possible trading price drop for the Bina

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