BNB Chain Ecosystem

BNB Chain Ecosystem – 2024-05-05

Daily Analysis

On May 5, 2024,​ the BNB Chain Ecosystem remains vibrant, displaying a diverse range of performances among the participating cryptocurrencies. Tether USDt, holding⁤ a stable position with ⁢a ‍slight daily movement and maintaining its peg at ‍$1, continues‍ to ‍dominate‍ in​ terms of ‍market capitalization within the ecosystem.​

BNB, the native coin of the BNB Chain, experienced‌ a minor pullback in today’s trading session, decreasing⁣ by 0.6%.‍ Despite ⁢the short-term decline, it has shown remarkable growth over the past 90 days, surging by ⁣91.8%. This reflects a‍ strong quarter for BNB, possibly​ influenced by strategic developments within ‌the BNB ecosystem ‌and‌ broader crypto market recoveries.

ERC20 tokens have been ⁢performing exceptionally well. Specifically, the ERC20 token has led the way with an impressive daily surge of 70.6%, coupled with a monumental increase ‌of over 2000% over the past ‌week. This suggests widespread adoption or significant technical developments that have resonated well with investors.

Meanwhile, Dogecoin, recognized ​for its volatility and community-driven movements, stood out with a 6% increase ‌on⁤ the day and an even more impressive 103% over the last ⁤three months, fueled perhaps by social media endorsements or shifts ⁤in investor sentiment around meme coins.

On the downside, several ⁤tokens faced sharp declines. DREP [old], although its trading metrics should be approached with caution​ due to its outdated ‌status, shows a staggering 30-day increase of 19326.1%, indicating extreme volatility or possible low liquidity-induced price​ swings. This kind of volatility can present high risks for uninformed investors.

Looking towards the weakest performers over different ⁣time frames, it’s visible that the BNB⁤ Chain Ecosystem harbors both high flyers and significant downturns, ​reflecting the highly speculative and varying nature of⁤ cryptocurrency investments. Conflux (CFX), for instance, has declined by 38.8% ‍over the past month, potentially indicating fading investor⁢ interest or bearish market pressures.

A ​notable aspect of today’s data is the⁣ contrast between short-term gains and long-term performances. For instance, ERC20’s explosive growth contrasts starkly⁢ against more established coins experiencing slower movement. This discrepancy highlights the diverse strategies⁢ and outcomes within the BNB Chain Ecosystem—from stablecoins ​maintaining their pegged value to explosive growths and sharp declines of smaller altcoins.

The heterogeneous ‌nature of the market performances on the BNB Chain Ecosystem today offers a comprehensive overview⁣ of the inherent risks⁢ and opportunities present in cryptocurrency investments. Investors⁣ and market watchers should thus consider the broader economic factors, project-specific news, and technical developments when analyzing such data.

BNB Chain Ecosystem – 2024-05-05

Top Market Caps

Rank
Name
Symbol
Market‍ Cap
Price
24h Volume
24h %
3 Tether USDt USDT 110.8B 1 39.4B -0.004
4 BNB BNB 85.9B 582.1 583.9M -0.6
6 USDC USDC 33.6B 1 5.7B 0.01
8 Dogecoin DOGE 22.8B 0.2 2.8B 6
14 Polkadot DOT 10.2B 7.1 155.4M -1

Today’s ​Winners

Rank
Name
Symbol
Market Cap
Price
24h Volume
24h %
286 ERC20 ERC20 198.9M 0.2 42.0K 70.6
8 Dogecoin DOGE 22.8B 0.2 2.8B 6
195 Ontology ONT 325.3M 0.4 86.2M 5.5
N/A Decentral Games [Old] DG 0 0 108.4K 2.2
487 LTO Network LTO 79.8M 0.2 3.0M 2.2

Today’s Losers

Rank
Name
Symbol
Market Cap
Price
24h ⁣Volume
24h %
N/A DREP [old] DREP 0 0 27.6M -19.2
516 Aleph.im ALEPH 72.6M 0.3 1.9M -7.6
639 RichQUACK.com QUACK 46.7M 1e-9 1.1M -4.9
127 IoTeX IOTX 520.2M 0.06 15.4M -4.4
94 Conflux CFX 861.2M 0.2 23.7M -4.3

Weekly ⁣Winners

Rank
Name
Symbol
Market Cap
Price
24h Volume
24h %
286 ERC20 ERC20 198.9M 0.2 42.0K 70.6
577 Mdex MDX 58.0M 0.06 4.8M -1.5
132 Trust Wallet Token TWT 489.8M 1.2 22.0M 0.4
53 FLOKI FLOKI 1.8B 0.0002 348.2M -1.7
516 Aleph.im ALEPH 72.6M 0.3 1.9M -7.6

Weekly Losers

Rank
Name
Symbol
Market‌ Cap
Price
24h Volume
24h %
N/A DREP [old] DREP 0 0 27.6M -19.2
458 Automata Network ATA 91.5M 0.2 25.0M 1.5
259 Chromia CHR 222.2M 0.3 6.3M -1.9
N/A Decentral⁤ Games [Old] DG 0 0 108.4K 2.2
681 DEAPcoin DEP 39.5M 0.002 1.1M -0.9

Monthly Winners

Rank
Name
Symbol
Market Cap
Price
24h Volume
24h %
N/A DREP [old] DREP 0 0 27.6M -19.2
286 ERC20 ERC20 198.9M 0.2 42.0K 70.6
644 MATH MATH 45.2M 0.4 826.8K -2.4
472 Cream Finance CREAM 85.1M 45.9 3.1M 0.9
516 Aleph.im ALEPH 72.6M 0.3 1.9M -7.6

Monthly Losers

Rank
Name
Symbol
Market Cap
Price
24h Volume
24h %
604 Bella Protocol BEL 51.3M 0.8 3.7M -1.1
94 Conflux CFX 861.2M 0.2 23.7M -4.3
612 Linear Finance LINA 50.2M 0.008 6.7M -0.7
576 StrikeX STRX 58.1M 0.07 544.6K -3.4
581 Numbers Protocol NUM 56.9M 0.09 849.8K -0.1

Quarterly Winners

Rank
Name
Symbol
Market Cap
Price
24h Volume
24h %
N/A DREP [old] DREP 0 0 27.6M -19.2
676 iMe Lab LIME 40.7M 0.09 4.8M -1.6
286 ERC20 ERC20 198.9M 0.2 42.0K 70.6
53 FLOKI FLOKI 1.8B 0.0002 348.2M -1.7
102 AIOZ Network AIOZ 753.2M 0.7 5.2M -0.4

Quarterly Losers

Rank
Name
Symbol
Market Cap
Price
24h Volume
24h‌ %
681 DEAPcoin DEP 39.5M 0.002 1.1M -0.9
609 Meter Governance MTRG 50.7M 1.4 205.5K 0.3
428 Bounce Token AUCTION 105.4M 16.2 10.2M -1.4
459 Trias Token (New) TRIAS 91.2M 9.2 1.1M -1.5
78 MultiversX EGLD 1.1B 40.8 14.9M -0.03