Binance Coin Poised for Growth with Upcoming Pascal Update
Binance Coin (BNB) is showing strong signs of growth. It recently hit $660, a 30% rise from its lowest point this month. This surge is linked to the upcoming pascal hard fork, set for March.
Pascal will enhance BNB’s compatibility with Ethereum. It will also introduce smart contract wallets and tools for better decentralized applications (dApps). These upgrades will follow Lorentz in April and Maxwell in June. The goal is to reduce block reward time from 1.5 seconds to 0.75 seconds.
BNB Chain is already performing well. It has surpassed Solana and Ethereum in decentralized exchange volume. In the last seven days, it handled over $21.48 billion, more than Solana’s $21.31 billion and Ethereum’s $13.5 billion.
The total value locked in the BNB ecosystem has reached $5.7 billion. Bridged TVL has soared to $14 billion,and its stablecoin market cap is now $6.9 billion.
Technically, BNB’s price has formed a cup and handle pattern, a bullish sign. If this pattern holds, BNB could reach $1,125, a 70% increase from current levels.however, a drop below $505 would invalidate this bullish outlook.
For more insights, check the BNB chart.
