Binance chain is going to launch the seventh phase of Binance Lending Products. On October 02, 14-day fixed-term lending for the products will be made available. Further, the subscription format for the products will be first come first serve basis. Products will be available till 12 am on October 03. The interest calculation period will be between October 02-16 and the payout will be done immediately after the loan term matures.
BNB Price Comparison:
On September 05, Binance Coin (BNB) was trading around 23.3 USD. Nevertheless, today after 25-days, the coin has dipped by 34.54%. In a similar way, it has declined by a margin of 20.69% from 19.28 USD on September 24. On top of that, yesterday, the coin broke down by 3.46% from the level of 15.85 USD and wrapped the day at 15.31 USD.
After the huge fall in the coin last week the movement has almost been stable and the coin is hovering in the red zone. For now, the immediate resistance for the altcoin is at 15.77 USD and the support level is at 14.99 USD.
The lending projects and interest on them will help the chain in shifting some momentum in its favor. Moreover, BNB will show some positive trend once the correction occurs in the market. For now, it is better to hold and wait for further bottoming of the coin to buy.