BNB Chain price among ‘most resilient’ altcoins of the bull market — Here’s why
Altcoin price action has been lackluster in the 2023-2026 cycle, leading traders to focus on Bitcoin. However, the total altcoin market cap is above $1 trillion, with a recent 9% surge. BNB Chain (BNB) is notable for its strength, valued at around $89 billion and ranked fifth among cryptocurrencies. BNB has experienced a smaller decline from its all-time highs compared to other altcoins, with only a 10% drop, while ETH is down 63%. BNB's low dilution risk is highlighted, with 96.51% of its supply in circulation. BNB Chain processes approximately 4 million daily transactions and supports 5,686 DApps, surpassing Ethereum. It ranks third in total value locked in DeFi with $5.8 billion. Despite lower revenue compared to competitors, BNB Chain's strong ecosystem and activity metrics position it well for future growth, especially with the potential maturation of Web3.
