Outside Source
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Web 3 Journalist
Tim Hakki
Web 3 Journalist
Tim Hakki
Binance Coin, known by its ticker $BNB, is outperforming the biggest cryptocurrencies, Bitcoin and Ethereum, if we go by 24-hour metrics.
In the last 24 hours, Bitcoin ($BTC) has remained steady at $83,000, showing little movement. Despite projections of a $160,000 price target in 2025, it continues to trade at roughly half that level.
While the U.S. government has taken a pro-crypto stance, it has yet to provide strong assurances to the industry.
At the same time, concerns over foreign policy—particularly the economic impact of tariffs on key allies and rivals—are adding to market uncertainty.
Ethereum ($ETH) only added 0.6% to its price and currently trades at $1,899. This is well under half its potential highest 2025 price target of $5,050.
BNB Coin Leads the Market but Faces Resistance
Binance Coin ($BNB) outperformed both Bitcoin and Ethereum with a 4% rise to $625, bringing its weekly gains to 12%.
This contrasts sharply with Bitcoin’s 1.4% weekly increase and Ethereum’s 9% decline over the same period.
Still, Binance Coin’s winning streak is likely to be over. In general, the coin has been facing lower resistance levels over the past three months, and is not likely to capture $640.
A falling relative strength indicator (RSI) of 65 suggests the asset was recently overbought and some selling momentum, or profit-taking, is happening that could ultimately stabilize Binance Coin around its current price.
However, with crypto’s $2.83 trillion market posting a 1.4% loss in the last 24 hours, any further negative news regarding American inflation or further erratic economic policy decisions could cause leading projects like Bitcoin and Binance Coin to begin shedding their price.
As Binance Coin Rallies, Best Wallet Attracts Smart Money
The broad takeaway from today’s prices is that in the last 24 hours, people have been betting more on Binance than on Bitcoin.
This shows you how even in stormier times, the crypto market can always attract value not just in the quality of its assets but through the quality of its services.
Negative price swings across leading projects have driven crypto investors, not just into Binance Coin, but also into the abundant presales market, where they can snap up cryptocurrencies at fixed floor prices before they hit exchanges, priming them for the next bull run.
One of the most popular ICO’s right now is for the $BEST native utility token powering leading next-gen crypto wallet Best Wallet, a rival to Trust Wallet and MetaMask.
One of the key feaures of Best Wallet is its “Upcoming Tokens” tool, which selects the most promising crypto projects, often while still at presale, enabling users to make moves before everyone else.
Additionally, it aggregates the most rewarding staking opportunities to help users generate the most value out of their portfolios.
The Best Wallet app is on Google Play and the Apple Store and currently supports over 1,000 cryptocurrencies. It leverages Fireblocks’ MPC-CMP encryption to keep users’ assets secure.
So far, early investors have poured $11.1 million into Best Wallet’s $BEST token presale, making it a clear alternative to buying exchange coins like Binance’s.
Follow Best Wallet on X and Telegram.
This article first appeared at News
