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How will regulatory troubles and mandatory KYC impact Binance Coin (BNB) price? Cointelegraph via biedex.markets

How will regulatory troubles and mandatory KYC impact Binance Coin (BNB) price?

Binance Coin (BNB) rallied 30% in two weeks, but the fourth-largest cryptocurrency by market capitalization seems to be struggling to break the $450 resistance. Coincidently, this is the same top from June 3, which was followed by a 48% correction down to $225.

Given the similarity of the situation when compared with previous instances, investors have reasons to doubt the recent performance, especially as Solana (SOL), a competing smart contract platform, reached an all-time high on Aug. 18.

Binance Coin (BNB) price at Binance, in Tether (USDT). Source: TradingView
Binance Coin USD/USDT margined futures 8-hour funding rate. Source: Bybt
Binance September BNB/USDT futures premium vs. regular spot market. Source: TradingView

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