The number of transactions in the Binance blockchain has increased by 35%

The number of transactions on the Binance blockchain has increased, thanks to the Binance Coin (BNB) token, which has seen a 35% increase in trading volume.

According to TradingView, Binance Coin is currently approaching a value of $ 275, at the time of writing, BNB is trading at $ 269 and is ranked 5th among the largest cryptocurrencies, with a total market capitalization of $ 44.2 billion.

Recently, analyst Michael van de Poppe said that Binance Coin is one of the few tokens that has a good chance of further growth: «BNB is the only coin I will be watching when it comes to potentially revisiting long positions.»

Not only is the value of Binance Coin moving in a positive direction, but this morning it was reported that bitcoin has risen by more than 7% overnight. According to CoinMarketCap, at 9:59 a.m. today, bitcoin was trading at $ 23,749, which is more than 7% more expensive than at the same time on July 19 (when BTC was trading at $ 21,747). At the same time, the capitalization of the virtual asset reached $ 449 billion, and trading volumes for the day were recorded at $ 47.33 billion (about 2 million in BTC).