Krutika Adani
BNB had reached a high of $588 before falling to a low of $460 this week.
BNB's fall was mostly due to market forces and proportional to that of other major cryptocurrencies.
Despite all challenges, BNB remains a top crypto due to ultra-low fees, support for a wide range of assets and the network effect of the entire Binance ecosystem.
Almost all of Binance and BNB have been resolved. The final challenge was neutralized when “CZ” accepted his four-month sentence.
BNB could only post a major rally if the price crosses $560 soon; otherwise, it might see a slow and painstaking recovery.