BNB Chain Completes Lorentz Testnet Hard Forks for Faster Transactions
BNB Chain has completed the Lorentz testnet hard forks, enhancing transaction speeds and blockchain responsiveness. Key updates include:
- opBNB block times reduced to 0.5 seconds
- BSC testnet blocks down to 1.5 seconds
- Mainnet upgrades scheduled: opBNB on April 21 and BSC on April 29
The upgrades aim to improve scalability and performance, with developers urged to adapt their applications accordingly.
BNB Price Overview
BNB recently rose by 4.5% to $579, maintaining stability at that level. It remains the fifth-largest cryptocurrency with a market cap of $82.59 billion. Current price analysis indicates:
- RSI around 45 suggests potential for upward movement
- Resistance at $590, with support near $575
- MACD indicates weakening selling pressure
Market Sentiment
Analyst Jonathan Carter highlighted that BNB has been in an ascending channel since March 2024, suggesting possible price targets of $640, $735, $795, and up to $960 if the upward trend continues.