Number of Active Users in This Altcoin Reached an All-Time High – What Does This Mean for the Price?
Cryptocurrency analytics firm CryptoQuant has released a new report examining the record-breaking activity on the Binance Smart Chain (BSC) network and its impact on the BNB price.
According to the report, the number of daily active addresses on the BSC network reached an all-time high of 3.62 million. This record followed a price increase that began in June and accelerated after mid-September. The BNB price peaked at $1,311 on October 8th, and a surge in active addresses a few days later demonstrated the strong correlation between network growth and price.
CryptoQuant analysts note that an extraordinary coordination has emerged between the BNB price and the number of active addresses since September 2025. These two indicators, which previously operated independently, have recently been moving in lockstep. The analysis suggests that the price peak occurred just before the active address explosion, which may have led to an influx of new users due to the “FOMO” effect.
However, the report notes a drop in active addresses below 3 million. CryptoQuant notes that whether this level can be maintained is critical:
“Staying above 3 million daily active addresses is crucial for the continuation of the uptrend. A drop below this level could signal a local top and increase the likelihood of a deeper correction.”
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Cardano News Today: While ADA Faces Challenges, Mutuum's Robust DeFi Approach Draws $18.9M During Presale
- Mutuum Finance (MUTM) raised $18.9M in Phase 6, with token price rising 250% to $0.035 amid strong demand from 18,200 holders. - The project combines P2C/P2P lending with smart contract automation and a buy-and-distribute mechanism to create a deflationary, non-custodial DeFi alternative. - CertiK/Halborn audits and Q4 2025 testnet plans highlight security focus, while 45.5% token allocation to presale and card-based payments boost accessibility. - MUTM's $0.04 Phase 7 price hike and $0.06 launch target
Bitcoin’s Steep Drop in Late 2025: The Intersection of Broader Economic Risks and Changing Market Sentiment
- Bitcoin plummeted from $126,000 to $81,000 in late 2025 amid a $1T crypto market contraction driven by macroeconomic, regulatory, and behavioral factors. - The Fed's delayed rate-cut signals and elevated interest rates intensified capital flight from high-beta assets like Bitcoin to safer investments. - SEC's regulatory ambiguity and institutional "whale" BTC withdrawals exacerbated selling pressure, while miners added technical downward momentum. - Investor sentiment reached historic lows, with $3.79B i
Hyperliquid Tops Net Flows with $53.2M in 24 Hours
Hyperliquid leads crypto market net flows with $53.2M in 24 hours, signaling rising investor interest.Why Investors Are Flocking to HyperliquidWhat This Means for the DeFi Market
BitMine Adds 14,618 ETH Worth $44.3M to Treasury
BitMine makes a bullish move by acquiring 14,618 ETH valued at $44.3 million for its growing crypto treasury.Ethereum Becomes a Strategic Treasury AssetMarket Reacts to Bullish Signal
Trending news
MoreCrypto prices
More
