The Binance Coin (BNB) hack has been one of the most discussed topics in the crypto market. The hack was first estimated to be about $100mn on Friday, but later, the Binance exchange revealed that it was $570mn.
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Although Binance Coin (BNB) founder and Chief Executive Changpeng Zhao has confirmed that the issue has been resolved and that investors’ funds are safe, the news about the hack made Binance coin price pull back.
The coin declined and was unable to break the $300 before the weekend, as projected. Binance Coin (BNB) price had declined to $275 from the high of $297 last week. Although the price performance had declined, the buying pressure for the Binance coin looked good this morning.
Therefore, we are like to see the Binance Coin (BNB) make an impressive comeback this week. During the same period that Binance Coin (BNB) was dealing with hacking issues, TRON (TRX) has been growing its ecosystem bigger.
The number of developers joining TRON ahead of the hackathon has been on the rise. The TRON (TRX) blockchain has been attracting a lot of developers’ attention after the reduction in the gas fee and the scaling of the chain.
News reference Analytics insight
Therefore, the number of projects running in the TRON blockchain is expected to skyrocket in the next few weeks. The TRON (TRX) price has also responded positively to this growth, and this is when even as of writing, $TRX was still in the green for the gains made in the past 7 days.
With the crypto market looking bullish in the next few days, we are likely to see TRON perform well in the market. In addition to TRON (TRX) and Binance Coin (BNB), there are other coins like Bitgert (BRISE) and Centcex (CENX) that are expected to do very well in the market.
News reference byAnalytics insight
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