The BNB price has been overlooked in the past few days, as the encryption market has been in a narrow range, with bitcoin homing over $ 84,000. BNB was trading at $ 592 on Sunday, an increase of about 18 % of the lowest level this year. This article explores the potential scenarios of Binance before upgrading Lorentz.
BSC Lorentz a harsh thorn in the future
The next important catalyst for the BNB price is the upcoming Lorentz upgrade and the difficult fork. In the X Publication, the developers indicated that the OPBNB solid fork will occur on April 21 this year. It will be followed by a bachelor’s degree on April 29.
Lorentz Mainnet Hardfork is coming: • OPBNB → April 21 @ 03:00 AM UTC • BSC → April 29 @ 05:05 AM UTC Testnet lives with faster blocks. The node + Devs, make sure you are ready. Full details in the post below 
The goal of Lorentz hard fork is to make the network faster because it seeks to become a better alternative to Ethereum and Solana.
Lorentz Hard FORK comes a month after the developers of the hard pascl thorn. Pascal’s goal was to help him fusion more with Ethereum, the largest chain in the encryption industry. It improved the compatibility of the ETHEREUM (EVM), and the improved gas abstraction, and added an advantage to avoid the mass account errors.
Lorentz’s upgrade goal is to reduce the BSC chain block times significantly to about 1.5 seconds.
Then it will be followed by the upgrade of Maxwell, which will drop the mass time beyond 1.5 to 0.75. These BSC series upgrades will make one of the fastest chains in the encryption industry. Historically, encryption prices work before the main network upgrade.
It is worth noting that BSC hopes to be the best alternative to Solana and Ethereum. The Solana network has become blocked by the Meme currencies, while ETHEREUM is destroyed by Layer-2 networks such as base and definition.
Read more: BNB Prices Analysis: Here is the reason that Binance Coin is about to rise
Erotic flows and burning BNB
Another potential BNB price is that its exciting flows have been positive in the past few days. This maximum veiled market has increased by 1.3 % in the past 24 hours to more than $ 18 billion. The savings ratio raised to 20.8 %. Stakingrewards He explains that the flows gradually increased. BNB has a 3.5 % full return, making it higher than 3.14 % of Ethereum.
At the same time, BNB has become one of the most distinctive codes in encryption. It achieves this through the actual time mechanism that burns hundreds of symbols worth more than $ 366. This burn is derived from the gas fees that the network deals with.
The network also contains a quarterly burning that burns symbols of more than one billion dollars per quarter. These symbolic burns will continue in the foreseeable future, as the network reduces the number of coins from more than 144 million to 100 million.
Read more: Top Cryptocurrencys to watch: Sonic, XRP, Cardano, Solana
BNB price analysis
Binance Coin Price Price Chart | source: Tradingvief
The above daily chart sends mixed signals about the BNB price. It has formed a similar triangle style, with two lines approaching. This triangle can erupt in either direction.
BNB price also formed a death cross as the moving averages crossed for 50 days and 200 days. This pattern often leads to a declining collapse over time.
At the same time, constant monotheism is part of the formation of the handle section in the cup and the surter of the weekly graph. Therefore, BNB price expectations are neutral at the present time. More gains will be confirmed if the BNB price exceeds the main resistance level at $ 720, which is the highest swing in June.
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