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<ul class="news-points"> 
 <li>BNB’s price increased by 4.34% in the last 24 hours.</li> 
 <li>Active users on the BNB network surged, impacting the price rise.</li> 
 <li>BNB may drop to $238 but the recovery beyond $243 is very possible.</li> 
</ul> 
Out of the top 10 cryptocurrencies as per market cap, <a href="https://coinedition.com/bnb-price-poised-for-upward-momentum-with-binance-memecoin-staking/">Binance Coin (BNB)</a> gained the most in the last 24 hours. At the time of writing, CoinMarketCap data showed that BNB’s price was $243.63. This value represents a 4.34% hike within the said period. 
Also, the likes of <a href="https://coinedition.com/bitcoin-aims-for-204k-in-the-next-bull-cycle-technical-analyst/">Bitcoin (BTC)</a> and <a href="https://coinedition.com/ethereum-eth-surges-as-whale-continues-scooping-up-the-altcoin/">Ethereum (ETH)</a> made gains. But their numbers were not close to the Binance-developed coin. While buying momentum was definitely one of the reasons the BNB price surged, on-chain metrics showed that there were other grounds. 
<h2 class="wp-block-heading" id="h-network-activity-also-contributes">Network Activity Also Contributes</h2> 
One example of the metric driving the uptrend in the active addresses. Active addresses show the daily level of interaction or speculation around a cryptocurrency. At the time of writing, Token Terminal data showed that the metric increased by 3.46% on November 4.&nbsp; 
Although the active addresses count decreased at press time, the initial hike alongside the market recovery meant that there was a surge in interest in trading BNB. …
The post <a href="https://coinedition.com/how-is-binance-coin-bnb-the-biggest-gainer-in-the-last-24-hours/">How Is Binance Coin (BNB) the Biggest Gainer In the Last 24 Hours?</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

How Is Binance Coin (BNB) the Biggest Gainer In the Last 24 Hours?

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