Here’s why Binance Coin is 33% down from its all-time high By Cointelegraph



(BNB) holders enjoyed a 1,760% rally from $37 to $692 between January and May 2021, but as is customary in crypto, this surge was followed by a 69% correction two weeks later.

From there, it’s been a bit of a rough patch to regain investors’ confidence and BNB failed to produce another all-time high in November even though the aggregate cryptocurrency market capitalization peaked at $3 trillion.

Binance Coin / USDT at Binance. Source: TradingView
BNB 8-hour margin futures funding rate. Source: Coinglass.com
Binance Chain TVL in USD. Source: DefiLlama.com
Binace Smart Chain daily transactions per day. Source: bscscan.com