Just like most of the above coins, BNB can take advantage of the price increase that has taken place since July 20. With a substantial market cap of $61.5 Billion, it comes in at number 5 on the post score entry rankings.
And yet, over the past few weeks, there has been much talk around different coins. Special, SOL managed to break the highs every now and then. ADA also spiked 100% for the incomplete month.
While it looks like BNB doesn’t stand out like other coins, several factors could support the price in the long term.
It is easy to see the interest in the growing DeFi sector in the market, and most smart contract platforms take advantage of the situation. Among networks like Ethereum, Polygon, and Binance Smart Chain (BSC), BSC was the most used blockchain in July 2021. The main reason is increased traffic and activity from DeFi, but the functionality of BNB could make a difference in the long run. While BSC mainly relies on NET and DeFi applications, the school’s array of games has performed fast to date.
In July, a number of blockchain-based games on BSC recorded an ever-increasing level of engagement. Among them, CryptoBlades attracted more than 580,000 users and generated over $92 million in 50 million transactions. Time here, BNB needs can be explained function enb op game setting.
The CryptoBlades token base is SKILL, which is essential for the in-game combat communication system and the game crafting improving its characters by spending their SKILLs. To have SKILL, users need to use BNB or BUSD to buy it.
Hence, with the growing interest in the NFT game, the demand for BNB on BSC will always be higher. The story will eventually push the BNB price north. BNB is currently on a breakout
