Flow

April

Read

Beacon

<ul>
 <li style="font-weight: 400;">BNB’s price touched its highest in 2023 in April and its lowest in October.</li>
 <li style="font-weight: 400;">BNB was up by over 3%, and market indicators looked bullish.</li>
</ul>
The year 2023 has been quite eventful for <a href="https://ambcrypto.com/search/bnb" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="internal">BNB Chain [BNB]</a> as it launched quite a few notable projects. While the blockchain witnessed several developments in 2023, BNB Chain has now put forward its roadmap for 2024, highlighting the projects in the pipeline.
<h4>A look at BNB Chain in 2023</h4>
BNB Chain recently posted a&nbsp;<a href="https://www.bnbchain.org/en/blog/bnb-chain-closes-out-landmark-year-of-lowering-barriers-to-web3-entry" data-wpel-link="external" target="_blank" rel="noopener noreferrer nofollow">blog</a> highlighting its achievements in 2023. The most notable was the launch of its opBNB. For starters, opBNB is an open-source codebase based on the Optimism Stack. 
In fact, AMBCrypto recently <a href="https://ambcrypto.com/how-bnb-chain-reacted-to-opbnbs-milestone/" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="internal">reported</a> that opBNB’s daily transactions reached an all-time high as it managed to even surpass the number of its parent blockchain. 
Apart from opBNB, another major launch was the BNB Greenfield, which is a web3-based decentralized storage blockchain. 
While mentioning BNB’s performance in 2023, it’s also important to take a look at its price action. 
AMBCrypto’s examination of Santiment data revealed that BNB’s price reached its highest in 2023 on the 16th of April, when its value touched nearly $350. 
On the contrary, the coin’s price plummeted to its lowest of $206 on the 14th of October.
<div id="attachment_359854" style="width: 100%" class="wp-caption aligncenter"><a href="https://statics.ambcrypto.com/wp-content/uploads/2023/12/BNB-BNB-12.33.14-21-Dec-2023.png" data-wpel-link="internal" rel="noopener noreferrer nofollow"><img aria-describedby="caption-attachment-359854" decoding="async" class="wp-image-359854 size-full" src="https://statics.ambcrypto.com/wp-content/uploads/2023/12/BNB-BNB-12.33.14-21-Dec-2023.png" alt="" width="2560" height="867" srcset="https://statics.ambcrypto.com/wp-content/uploads/2023/12/BNB-BNB-12.33.14-21-Dec-2023.png 2560w, https://statics.ambcrypto.com/wp-content/uploads/2023/12/BNB-BNB-12.33.14-21-Dec-2023-300x102.png 300w, https://statics.ambcrypto.com/wp-content/uploads/2023/12/BNB-BNB-12.33.14-21-Dec-2023-1024x347.png 1024w, https://statics.ambcrypto.com/wp-content/uploads/2023/12/BNB-BNB-12.33.14-21-Dec-2023-768x260.png 768w, https://statics.ambcrypto.com/wp-content/uploads/2023/12/BNB-BNB-12.33.14-21-Dec-2023-1536x520.png 1536w, https://statics.ambcrypto.com/wp-content/uploads/2023/12/BNB-BNB-12.33.14-21-Dec-2023-2048x693.png 2048w" sizes="(max-width: 2560px) 100vw, 2560px"></a>
 Source: Santiment
</div>
<h4>Going forward</h4>
<a href="https://ambcrypto.com/heres-how-bnb-reacted-to-binances-settlement-with-cftc/" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="internal">BNB</a> Chain has posted a blog revealing its 2024 roadmap, which had several new updates planned. Firstly, a decision was made to migrate Beacon Chain’s functionalities to BSC. 
There will be four stages to migrate Beacon Chain’s functionalities to BSC.
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 The BNB Beacon Chain, designed for staking and governance, once vital to BSC, is evolving <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f52e.png" alt="🔮" class="wp-smiley" style="height: 1em; max-height: 1em;"> <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f440.png" alt="👀" class="wp-smiley" style="height: 1em; max-height: 1em;">
 With changes in the blockchain landscape, redundancy and complexities prompt the discontinuation of the Beacon Chain.
 Read ahead to learn more <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f9f5.png" alt="🧵" class="wp-smiley" style="height: 1em; max-height: 1em;"> [1/5]<a href="https://t.co/8MfyU5vuRk" data-wpel-link="external" target="_blank" rel="noopener noreferrer nofollow">https://t.co/8MfyU5vuRk</a>
 — BNB Chain (@BNBCHAIN) <a href="https://twitter.com/BNBCHAIN/status/1737171638804775404?ref_src=twsrc%5Etfw" data-wpel-link="external" target="_blank" rel="noopener noreferrer nofollow">December 19, 2023</a>
</blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
These four steps will be available at different times throughout the first half of the next year. 
The first sunset fork on BNB Beacon Chain and Feynman hardfork on BNB Smart Chain will take place in February, 2024. This will be followed by a second sunset fork on BNB Beacon Chain in May, and so on. 
While BNB Chain planned the upcoming hardforks, BNB’s price action turned bullish. 
According to <a href="https://coinmarketcap.com/currencies/bnb/" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="external">CoinMarketCap</a>, BNB was up by more than 3.7% in the last seven days. At the time of writing, it was trading at $259.96 with a market capitalization of over $39 billion.
 To better understand how 2023 might end for BNB, AMBCrypto took a look at the coin’s daily chart. BNB’s Bollinger Bands revealed that the coin’s price was in a highly volatile zone. Its MACD also displayed a bullish crossover.
Read <a href="https://ambcrypto.com/predictions/binancecoin-price-prediction" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="internal">BNB’s Price Prediction</a> 2023-24
Both BNB Chain’s Relative Strength Index (RSI) and Chaikin Money Flow (CMF) moved northwards, suggesting that investors might see <a href="https://ambcrypto.com/is-bnb-chains-new-proposal-good-news-for-bnb/" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="internal">BNB</a>’s price moving up during the concluding days of this year. 
Nonetheless, if the RSI enters the overbought zone, it might exert selling pressure on the coin, which can cause trouble.
<div id="attachment_359855" style="width: 100%" class="wp-caption aligncenter"><a href="https://statics.ambcrypto.com/wp-content/uploads/2023/12/BNBUSD_2023-12-21_12-41-47.png" data-wpel-link="internal" rel="noopener noreferrer nofollow"><img aria-describedby="caption-attachment-359855" decoding="async" class="wp-image-359855 size-full" src="https://statics.ambcrypto.com/wp-content/uploads/2023/12/BNBUSD_2023-12-21_12-41-47.png" alt="" width="1550" height="791" srcset="https://statics.ambcrypto.com/wp-content/uploads/2023/12/BNBUSD_2023-12-21_12-41-47.png 1550w, https://statics.ambcrypto.com/wp-content/uploads/2023/12/BNBUSD_2023-12-21_12-41-47-300x153.png 300w, https://statics.ambcrypto.com/wp-content/uploads/2023/12/BNBUSD_2023-12-21_12-41-47-1024x523.png 1024w, https://statics.ambcrypto.com/wp-content/uploads/2023/12/BNBUSD_2023-12-21_12-41-47-768x392.png 768w, https://statics.ambcrypto.com/wp-content/uploads/2023/12/BNBUSD_2023-12-21_12-41-47-1536x784.png 1536w" sizes="(max-width: 1550px) 100vw, 1550px"></a>
 Source: TradingView
</div>

Will 2024 be a big year for BNB Chain?

AMBCrypto

Other articles published on Dec 21, 2023

Ripple Market Got VASP License In Ireland, To Expand Its Services To Clients Across The European ...

Binance Releases New Update Reducing the Minimum Order Size on Crypto’s Top Memecoins

US Government Finalizes Forfeiture of 69,370 Silk Road Bitcoin

Platinum Egg Unveils Award-Winning Blockchain Game Climbers in Partnership with Enjin

Ethereum co-founder Vitalik Buterin lost $29m in six days

Dogefather’s Digital Dog Park Closed: X Outage Leaves Users Howling

Join our free newsletter for daily crypto updates!