I spent this month looking through the charts of major cryptocurrencies, and honestly, the more I look, the worse I feel.
BTC is down 18.4% over the past 30 days, ETH is down 22.1%, XRP is down 26.1%, and SOL is even worse, down 28.4%. What about BNB? It’s down 15.7%, currently hovering around 615. It’s down too, but among a sea of red candles, it’s the shortest one. BNB/BTC is actually up 3.3% over the past 30 days.
I don’t think it’s all luck. On December 8, BSC is set to undergo the Jenner hard fork, and node v1.8.2 is already a mandatory upgrade. It includes a pretty practical feature called Payment Lane: 5% of each block’s gas is reserved by default for regular BNB transfers and whitelisted payment contracts, and governance can raise that to as much as 10%. When the chain is congested, transfers won’t have to compete on fees with people rushing to trade meme coins. It also includes millisecond-level timestamps and the compliant asset standard CAS20.
Of course, being resilient to declines doesn't mean it'll go up. If the broader market takes another nosedive, nobody's getting out unscathed.
Do you think BNB has real strength behind this move, or is it just falling a little more slowly?