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Binance Coin (Key metrics)
Name Price 24 hr Market Cap Circulating Supply
coinGapeBinance Coin $608.3715 3.57% $90,973,634,008 149,536,329

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Binance Coin (BNB) is an exchange-based token created and issued by the cryptocurrency exchange Binance. Initially created on the Ethereum blockchain as an ERC-20 token in July 2017, BNB was migrated over to Binance Chain in February 2019 and became the native coin of the Binance Chain.

Binance Coin has seen massive growth in interest throughout the years. Several rounds of token burn events have appreciated BNB price and pushed it up as one of the top-10 cryptocurrencies by market capitalization. BNB can be traded in over 300 trading pairs across 120 exchanges tracked.

Binance Coin uses: 

Binance was launched as a utility token for lower trading costs in 2017. But since the launch, a number of applications on various different platforms have been added to the list of its uses. Binance.com, Binance DEX, and Binance Chain are used to pay transaction fees.

Several ICOs listed through Binance’s Launchpad programme can be purchased using Binance tokens. In addition, the Binance exchange lists new cryptocurrencies and serves as a convenient trading platform for several well-known and emerging virtual tokens. 

Moreover, other partnerships’ backing for the cryptocurrency token has aided the currency’s adoption. It includes a collaboration with Uplive, the top-notch video streaming platform in Asia, which bestows virtual gifts to the 20 mn users of the streaming service in exchange for BNB tokens.  

Binance Coin to USD Calculator – How much USD is 1 BNB?

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Binance Coin Frequently Asked Questions (FAQs)

1. Is BNB a good investment?

Binance Coin (BNB), one of the cryptocurrencies with the quickest growth rates, has a sizable fan base of investors who are optimistic about the coin's future. Not to mention that it is the coin that drives Binance, the biggest cryptocurrency exchange in the world. Hence, based on its historical price data, BNB might be a profitable investment.

2. What is the future price forecast of BNB?

Based on a review of past BNB pricing, it is predicted that the minimum BNB cost will be roughly $609.30 in 2024. The maximum projected BNB cost is potentially $721.65. In 2024, the average trade price may be $631.02.

3. Why is Binance coin strong?

This was influenced by both the robust demand for BNB as a utility token on the Binance platform and the general bull market in the cryptocurrency ecosystem.

BNB
USD
Bitcoin BTC
$70364.284 +0.09%
Ethereum ETH
$3566.424 -0.14%
Tether USDT
$1.001 +0.07%
USDC USDC
$1.001 +0.04%
XRP XRP
$0.618384 -0.3%
OKB OKB
$63.815 -2.11%
Cardano ADA
$0.645829 -0.38%
Dogecoin DOGE
$0.215694 +7.39%
Dai DAI
$1.002 +0.08%
TRON TRX
$0.120399 +0.42%