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Is Binance Coin (BNB) Reversing Sell-off Trend?
The Binance Coin (BNB) has been experiencing a tumultuous few days. The BNB/USDT pair, in particular, took a nosedive on the market charts as of late. However, recent developments might indicate that the cryptocurrency is reversing its downward trend.
As reported by U.Today, Binance Coin will be delisted from several major exchanges, including the Tokyo-based BitPoint and Indonesia’s Indodax, due to low trading activity. This delisting will take effect on April 11, 2025.
The appointment of Changpeng “CZ” Zhao, the founder of Binance, as a strategic advisor in Pakistan further boosts our expectations regarding BNB’s performance. CZ will be advising the newly established Crypto Council, aimed at promoting cryptocurrency adoption in the country.
This development may have a significant impact on the market sentiment surrounding Binance Coin. As one of the top exchanges in the world, Binance has a strong track record of driving crypto growth and innovation. The fact that CZ is now actively involved in supporting Pakistan’s crypto ambitions could potentially generate renewed interest in the cryptocurrency.
While we do not recommend making investment decisions solely based on speculation, it is essential to acknowledge the potential positives surrounding BNB at this time.
Source: https://u.today/is-binance-coin-bnb-reversing-sell-off-trend
