BNB was very low in the past, it has become so popular nowadays that every investor has earned huge money from this platform. If you observe you can definitely see that Binance exchange is the most popular and has more investors. Extensive trading means that in every aspect the exchange is so advanced that it can complete transactions in a short period of time. However, the price of BNB coins is currently $598. Its price was around $200 in 2023. You will notice that in just 7 to 8 months the price of BNB Coin has increased by more than $500 per token from every investor.
It is natural that when you see a very good project, your coins will increase, just like what happened with BNB, the development of BNB so far has been very good because many platforms use the BNB network to create new smart contracts. BNB also has an allocation burn program which has an important influence on the increase in BNB prices.
There is no need to doubt that BNB. Like Ethereum and maybe other top coins. BNB's fundamentals are very strong, as is the team, very clear, the development is also very progressive. So, even though the price of BNB experiences a significant decline due to some FUD or following BTC price movements, in the future, BNB will continue to survive and can rise again. It's just a matter of time that the price of BNB may still drop quite a bit.
Just now, BNB prices have started to improve compared to a few weeks ago. However, it's just that the price of BNB is currently experiencing a slight drop from last day. Yes, this is still the weekly price opening, there is a possibility that the BNB price will fall again in the future until we see how that happens at the beginning of next week. But, hopefully this is only for a moment.
BNB can be said to be one of the coins that has quite high strength, apart from having their own network they also have their own exchange platform so that will give them the opportunity to always make the price increase with quite high trading volumes.
The collapse of the BNB price is sometimes due to the price movement of Bitcoin collapsing, which has an impact on all coins on the market.