You may want to know why $BNB , $CAKE and $BNX tokens are going up while the rest of the market is just ranging.

BNB chain is heating up traders are now rushing to trade memecoins on BNB chain. We all know people are much more interested in trading on memecoins than the utility tokens. But how is this making these tokens go up?

Well let me explain how.

To trade memecoins Traders need BNB to buy whatever memecoins they're buying if they're not using BNB to buy they still need BNB to pay the gas fee. Just like solana was going up when people were trading sol memecoins.

Cake is going up because cakeswap is the most used SWAP on BNB chain. Just like Raydium is the most used swap on #solana and Ray was going up.

What BNX have to do with it? BNB chain meme coins are l quickly launched on Four.meme platform and BNX owns it.
BinaryX has rebranded to Four and now updating its token symbol from BNX to FORM.

Why are they changing it to form but not FOUR?

The decision to change the token symbol from BNX to $FORM was influenced by the widespread use of the FOUR symbol across various projects,This could leadto potential confusion within the community.

#BNB #BNX #CAKE #AltcoinNews #

I hope this helps.