BNB EYES $700 AS CZ PUSHES 90% BINANCE CHAIN FEE CUT!

BNB's price is currently surging, driven by Binance founder Changpeng Zhao's (CZ) proposal to cut gas fees on Binance Smart Chain (BSC) by 90%. This significant reduction aims to make transactions more efficient and cost-effective, potentially boosting BNB's value.

Key Details:

Current Price: BNB's price has jumped over 10% to $642.92 after CZ's proposal.

Relative Strength Index (RSI): The RSI has reached 78.42, indicating strong bullish momentum and potentially overbought conditions.

Potential Target: Analysts are watching to see if BNB can reach $700, given the current momentum .

Impact of Fee Cut:

The 90% reduction in gas fees could lead to increased adoption and usage of the Binance Smart Chain, potentially driving up BNB's value. By reducing transaction costs, Binance aims to improve the overall user experience and attract more developers and users to its platform .#TradeStories #bnb $BNB