BNB Chain’s NFT front painted a green picture, but this metric spilled red

ambcrypto.com:

BNB Chain’s NFTs may haven’t experienced the same traction as NFTs built on other platforms. However, this scenario may change. The BNBchain NFT community may start showing signs of growth as chain’s top NFT collections witnessed some traction. 

PancakeSwap Squad and Mobox observed significant growth in the past few days. This could lead to a change in BNB Chain’s NFT front.

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Here’s AMBCrypto’s Price Prediction for BNBChain [BNB] for 2022-2023

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 DappRadar’s data shows that the PancakeSwap Squad NFT collection showed a lot of growth over the past week. Its volume increased by an astonishing 84.32% and its sales grew by 93% as well in the last seven days.

The recent growth in these NFT collection’s volume could be attributed to PancakeSwap’s private sale allocation of  their IFOs to Squaddie holders.

However, despite the growth in their NFT space, there were other concerning factors that could hinder BNB’s growth.

One of the developments that could get in the way of BNB’s growth would be the decline in stakers revenue. As can be seen from the image below, the staker revenue decreased immensely over the last month. The revenue generated by stakers saw a depreciation of 22.75% since the last 30 days.

Decreasing staker revenue could increase sell pressure on the stakers and could result in BNB’s prices being affected negatively.

Source: StakingRewards

The decline in staker revenue was not the only bearish indicator for the BNB chain. At the time of writing, the velocity on the BNB chain witnessed a sharp fall. This indicated that the frequency with which the BNB was being exchanged on