Binance Coin price moved sideways on Monday as traders waited for the upcoming Fermi hard fork. The BSC Chain will launch the Fermi hard fork this week. Binance Coin price remained unchanged at $900 on Monday. The price is much lower than the all-time high of $1,375.
BNB price has wavered despite having some major catalysts. The first key catalyst will happen on January 14 when it will activate the Fermi hard fork. This hard fork aims to improve its performance, with its block time falling to 0.45 seconds. Fermi will also introduce faster finality as its throughput increases and its smoother app performance.
It is the fourth hard fork in the BSC Chain after Maxwell, Pascal, and Lorentz. The other three upgrades helped to lower its block times as its usage jumped. This higher speed enabled it to compete more effectively with top competitors such as Solana and Ethereum. The Fermi hard fork comes as BSC network growth continues.
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