If the BNB coin top is in after its recent ATH, adding to your position might not be a good bet. Moreover, with a market cap of $110 billion, it offers little upside. Meanwhile, two altcoins primed for a parabolic run are Shiba Inu and Unilabs Finance (UNIL). The SHIB coin price could skyrocket this year as the top ETH meme, while UNIL is a must-have for its blend of AI and DeFi, positioning them among the best cryptos to buy.
The BNB coin impressed in July, marked by a new all-time high ($859). However, it has been on a downtrend since then, falling under $800. Also, daily trading volume has been in decline, down by 7% to $2.8 billion.
After its impressive performance last month, experts believe the BNB coin’s top is in. Any upside from this level offers little to retail investors, sparking a shift toward more promising altcoins like SHIB and UNIL.
In addition, the BNB smart contract platform is experiencing declining adoption. According to Token Terminal, monthly fees have decreased by 25% to $10.5 million and revenue by 23% to $1.1 million. With a further BNB coin price decline not out of the question, investors have been looking toward more promising altcoins.
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