At a time of impressive growth in bitcoin, most altcoins have outperformed the rise in prices in the first few days of the month. However, the recent crash has pushed the market down, eroding most of the profits. However, even before the last drop, there were some cryptocurrencies showing signs of decline. BNB (Binance coins) is at the top of these examples. Before the September 7 drop, while most cryptocurrencies were bullish, BNB was unable to break the $ 500 resistance level by crypto signals.

High expectations, low prices.

BNB is known as a cryptocurrency that is popular on social media, popular with investors and is frequently mentioned in the market. BNB, which performed well in the rally in 2020, is asking investors if the rally will continue. Will BNB be able to catch up with the momentum of the previous uptrend, or will it make downtrend price moves from areas of strong resistance?

Although BNB's social performance and dynamics were more optimistic than last week, its MVRV (market value to realized value) was moving in negative territory. Even the NFT trend that has been gaining momentum hasn't had much of an impact. On September 9th, although the BNBPunks team introduced BNB to the NFT market, it did not create a buzz among investors due to the falling prices.

A very negative situation for BNB is that BNB cannot exceed the $ 500 resistance level even with the last uptrend and 20% downtrend in the last sudden drop in the market. However, there are analysts who believe that these levels are an opportunity to buy from below. At the time of writing, BNB is trading at $ 402 by crypto signals. If the market rallies and prices start to move sharply higher, even if BNB gets close to the resistance level of $ 507 from the current level, it will provide an average rate of increase of 20%. In the coming days, if the market sets a clear direction for itself, the situation at BNB will also clear up.

The fastest growing and falling cryptocurrencies in the last 24 hours.

In general, we see red colors in the cryptocurrency market, but the decline is not very deep and it is argued that this is consolidation. So you surely want to ask some workers from the SafeTrading team which cryptocurrencies have risen, challenging the market in the last 24 hours, and have fallen much more than the market? The answer is below.

The most growing cryptocurrencies

●       According to data from CoinMarketCap, cryptocurrency Floki (FLOKI) has risen the most in the last 24 hours. FLOKI is up over 500% in the last 24 hours to reach $ 0.000000034.

●       WagyuSwap (WAG) rose 415% and Gala (GALA) rose 243%, followed by FLOKI. Binance's listing is behind the GALA increase.

●       In addition, Smile (SMILE) is up 179%, Dexit Finance (DXT) is up 142%, Hapy Coin (HAPY) is up 111%, Pitbull (PIT) is up 108%, Floki Inu (FLOKI) is up 102% and Ballswap (BSP) 100%. increased to the market.

Falling cryptocurrencies.

When we look at the odds, we can see that falling cryptocurrencies do not regress as much as rising ones. The floating point protocol (BANK) has dropped 80% in the last 24 hours, becoming the most depreciated cryptocurrency - expert of SafeTrading.

BANK is followed by Bitcashpay (BCP) with 73%, Good Bridging (GB) with 48%, Dether (DTH) with 46%, Evodefi (GENX) with 46% and Tabank (TAB) with 44%.

New cryptocurrency listed on Binance

While there is a downward trend in the cryptocurrency market, some cryptocurrencies seem to operate independently of the market - said the analyst of SafeTrading, while looking in the new list, published on official site.

GALA is listed on Binance

GALA, Gala Games' cryptocurrency that aims to take the gaming industry in a different direction by giving players control over their games, will be listed on Binance in a few minutes. According to the statements made, the goal of Gala Games is to create Blockchain games that users will actually want to play.

In addition, the maximum total supply of GALA coins is 35 billion and there are currently about 7 billion GALA coins in circulation.

Gala price increase (GALA).

Major stock exchange listings often appear as events driving up the price of cryptocurrencies. Even if the market is in a downturn, listing a cryptocurrency on a major exchange like Binance, Coinbase, or OKEx has a positive effect on the price, often with more than 100% gains.

It can be seen that a similar situation has occurred in the GALA and the GALA coin, which is up 120% in the last 24 hours, is trading at $ 0.0470 at the time of writing. At this point, it should be noted that there will be some rollback after Binance is listed on the price of the GALA coin.