

Weekly Analysis of Binance Ecosystem (Sept. 16-23)

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We offer insights into BNB Chain performance and Binance ecosystem updates from the last week, including users, transactions, news and price movement.
BNB Chain Key Data Highlights
Here are some key metrics of BNB Chain’s performance between Sept. 16 and 23:
- Weekly Active Users: Between Sept. 16-23, BNB Chain recorded 3.20 million active users, culminating in the second consecutive week of decline in Weekly Active Users (WAU) on the network. In the previous week, WAU on BNB Chain was 3.25 million.
- Weekly Transactions: Between Sept. 16-23, BNB Chain logged 21.3 million transactions completed on the chain. That was a 27% decline from the 27.1 million transactions completed the week before.
- Average Daily Transactions: The number of average daily transactions on BNB Chain was 3.04 million. That was a 2% decline from the previous week.
- Average Gas Fee: Transactions on BNB Chain between Sept. 16-123 cost an average gas fee of 0.00074 BNB. In the week before, this was 0.00078 BNB.
BNB Chain and Binance Ecosystem Update
Like every week, the Binance and BNB Chain ecosystem registered a series of significant developments in the week under consideration. These included the confirmation of the introduction of a tax burn fee for $LUNC and $USTC on Terra Classic (LUNC) network, the launch of AvengerDao, the launch of the Binance Gift Card Marketplace, and more.
Tax Burn Fee for LUNC Network
Subsequent to proposals passed by the members of the Terra community to introduce a 1.2% tax burn for on-chain transactions of $LUNC and $USTC on Terra Classic network, Binance informed its users on Sept. 16 that $LUNC and $USTC deposits into Binance hot wallets will be subject to a 1.2% tax burn fee.
Meet the AvengerDAO
In a Sept. 20 announcement, BNB Chain informed users of the launch of “AvengerDAO.” Designed to operate as a community-run security infrastructure project, AvengerDAO was built to safeguard BNB Chain users from “exploits, scams, and malicious actors.”
According to the blog post, the AvengerDao system comprises three major features, working together to ensure additional security on BNB Chain. They include:
- Meter, a passive API system;
- Watch, a subscription-based alert system; and
- Vault, a programmable fund management system.
Binance Gift Card Marketplace
On Sept. 22, Binance announced the launch of the Binance Gift Card Marketplace, where the exchange’s users can transact cryptocurrency in a quicker, safer, and more convenient way. Via the Marketplace, users can pick up various gift cards, including Blindbox gift cards, Cashback gift cards, and Fixed-Denomination gift cards, all of which have attached to them varying incentives.
BNB Coin Price Performance
According to CoinMarketCap, $BNB exchanged hands at $274.06 as of writing. The price per BNB coin rallied by 4% in the past week.

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BTC Price Predictions: Analysts Wade in on the Future of Bitcoin

Top experts have predicted a bullish price movement for BTC in 2024, primarily because of the upcoming halving event.
Bitcoin (BTC), the flagship cryptocurrency, has always been a hot topic for analysts and enthusiasts. Over the past year, many have ventured to predict its price trajectory.
As of January 1 this year, BTC was trading at $16,547, per CoinMarketCap data. This led to speculations that the crypto market might be entering a challenging phase, with many predicting that the bull run might come in 2024, in line with the halving event.
As we approach the end of 2023, let's evaluate some of these predictions and their current status.
PlanB’s Prediction:
PlanB, known for creating the Stock-to-Flow model, made a significant prediction on January 12, 2023. He stated on Twitter that Bitcoin's price of $15.5K in November 2022 would be its lowest. He further mentioned that BTC had surpassed its Short Term Holder (STH) phase and would continue to rise steadily towards the 2024 halving event.
According to PlanB, BTC will trade above $32K during the 2024 halving, expected around April, according to reports. He also predicted that the bull market would begin in 2025, with BTC surpassing the $100K mark.

So far, PlanB's forecast seems accurate. BTC has not dipped below $15.5K since November 2022 and has climbed from $18K in January to $26K currently. PlanB reaffirmed his prediction by quoting his January tweet, saying, "To be clear, I still stand by my January 12 prediction."
To be clear, I still stand by my January 12 prediction:
— PlanB (@100trillionUSD) September 18, 2023
✅ Nov 2022 $15.5k was the bottom
✅ Bitcoin will rise towards 2024 halving. BTC already rose from $18k to $27k since Jan 12.
❓ 2024 halving will be >$32k ($32k-$66k IMO)
❓ 2025 bull market >$100k ($100k-$1m IMO) https://t.co/V74Y8VYCVo pic.twitter.com/VBjsHObMMl
Tim Draper’s Prediction:
Tim Draper, a renowned venture capitalist, made a bold prediction in 2018, stating that BTC would hit $250K by 2022. As we're in 2023, this prediction has yet to materialize.
Oops! I predicted $250k in 2022. My tweet last night was missing a zero. $250k is the number!
— Tim Draper (@TimDraper) April 13, 2018
However, Draper has been right before. In 2014, after buying millions worth of BTC, he predicted its price would reach $10K within three years. This prediction came true in 2017.
In an interview with Hall of Fame, Draper admitted feeling pressured to make another prediction after his first one's success. He attributed the unfulfilled $250K prediction to actions by the U.S. government. Yet, he remains hopeful, stating in December 2022 that BTC would reach $250K before the 2024 halving. He humorously added, "If it’s not $250,000 or higher, then don’t listen to me ever again on that kind of prediction."
Robert Kiyosaki’s Views:
Robert Kiyosaki, a prominent figure in the crypto space, has been vocal about his BTC price predictions. In July, he tweeted that BTC would reach $120K the following year (2024). This came after his earlier prediction of BTC hitting $500K by 2025. Despite BTC's price fluctuations, Kiyosaki has consistently advised people to invest in it and gold and silver.
SOFT LANDiNG? HARD LANDING? Or CRASH LANDING? I say crash landing. I hope I am wrong yet that is what I believe. Corruption is high & leaders corrupt. Buy gokd, silver, Bitcoin. Still best insurance against corruption & incompetence,
— Robert Kiyosaki (@theRealKiyosaki) May 18, 2023
However, his recent tweet with the caption "BYE BYE Bitcoin and US Dollar?" has left many wondering about his current stance on BTC.
BYE BYE Bitcoin & US Dollar? Citibank announced today it is offering bank block chain technology to turn institutional savings into Citibank tokens which can be used for instaneous 24/7 cross border transactions. Bye bye BC & US $?
— Robert Kiyosaki (@theRealKiyosaki) September 26, 2023
Pantera Capital and Chartered Bank
As reported by Crypto News Flash, American hedge fund Pantera Capital and Chartered Bank, a British multinational bank, have similar views about the BTC’s price.
The news outlet disclosed that Pantera Capital predicts $150K for BTC, while Chartered Bank sees BTC reaching the $120K mark in 2024. Both bold predictions have been made due to the highly anticipated halving event in 2024. Historically, Bitcoin's halving is seen as a bullish event in the blockchain industry.
What Next For BTC?
Predicting BTC's price is challenging, given its volatile nature. While some predictions are on track, others have not materialized. As with any investment, it's essential to do thorough research and consult with financial experts before making decisions. Only time will tell which of these predictions, if any, will come to fruition.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $1500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $2500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
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