BNB Price Targets $700 as Binance Chain Fees Drop 90% After CZ Proposal

Quick Summary:

Binance Coin (BNB) price eyes massive gains past $700 after fees on the BSC Chain dropped by 90% after a recent proposal filed by Changpeng Zhao (CZ) passed.

The declining fees have seen the blockchain hit a one-year milestone, making the case for a sustained upward trend.

BNB price may be on the verge of an upswing towards $700 as teased by the double-bottom pattern formation on the daily chart.

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Article Details

Author / Journalist: muthoni

Category: Crypto

Markets: India

Topics: Price Analysis Binance Coin (BNB)

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-09 @ 12:16:32 (15 hours ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 471 words

Reading Time: 3 minutes read

Sentences: 38 lines

Sentence Length: 13 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGape

News ID: 28514338

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About CoinGape

Main Topics: Crypto

Official Website: coingape.com

Update Frequency: 34 posts per day

Year Established: 2017

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News Last Updated: 8 hours ago

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