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BNB price live data summary

The live price of BNB is $569.13 per (BNB / USD) today with a current market cap of $85.10B USD. The 24-hour trading volume is $1.47B USD. BNB to USD price is updated in real time. BNB is +1.00% in the last 24 hours. It has a circulating supply of 149,534,030 .

What is the highest price of BNB?

BNB has an all-time high (ATH) of $690.93, recorded on 2021-05-10.

What is the lowest price of BNB?

BNB has an all-time low (ATL) of $0.09611, recorded on 2017-08-01.

BNB price prediction

Set your prediction

When is a good time to buy BNB? Should I buy or sell now?

When deciding whether to buy or sell BNB, you must first consider your own trading strategy. The trading activity of long-term traders and short-term traders will also be different. The Bitget BNB technical analysis can provide you with a reference for trading.
According to the BNB 4h technical analysis, the trading signal is Sell.
According to the BNB 1d technical analysis, the trading signal is Neutral.
According to the BNB 1w technical analysis, the trading signal is Strong buy.
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BNB price performance in USD

24h7d30d90d1yAll-time
+1.00%-2.14%-6.80%+81.22%+71.10%+495717.25%

BNB price history in USD

TimeLowHigh
24h$539.32$571.2
7d$517.27$626.98
30d$498.56$626.98
90d$287.73$641.48
1y$203.66$641.48
All-time$0.09611(2017-08-01, 6 years ago )$690.93(2021-05-10, 2 years ago )

BNB market information

Market cap
$85,104,482,578.85
+1.00%
Fully diluted market cap
$85,104,482,578.85
+1.00%
Volume (24h)
$1,474,202,260.97
-42.48%
Market rankings
Circulation rate
+99.00%
24h volume / market cap
0.0173
Circulating supply
149,534,030 BNB
Total supply / Max supply
149,534,033.82 BNB
-- BNB
ICO price
$0.1500 ICO details

BNB ratings

Average ratings from the community
4.6
100 ratings
This content is for informational purposes only.

About BNB(BNB)

What Is Binance Coin?

Binance Coin (BNB) is a digital currency introduced by the world's largest cryptocurrency exchange, Binance in 2017. Binance Coin was originally an ERC-20 token, a standard common among Ethereum-based tokens. However, in 2019, it migrated to its own blockchain, BNB Chain. The chain is a merge from two blockchains Binance Chain and Binance Smart Chain. This independent chain allows BNB to exist outside of Ethereum's infrastructure and grants Binance the ability to tweak and improve its performance.

BNB is a utility token that provides users with a diverse range of services. It can be used to pay for transaction fees on the Binance platform at a discounted rate, participate in token sales on the Binance Launchpad, make in-store payments, and even book travel accommodations.

Resources

Official website: https://www.binance.com/en/bnb

How Does Binance Coin Work?

Binance operates as a comprehensive ecosystem for digital assets that encompasses centralized exchanges (CEX), decentralized exchanges (DEX), blockchain networks, and various cryptocurrencies. At its core is the BNB Chain, the principal blockchain network, which relies on the Proof of Stake (PoS) and Proof of Authority (PoA) consensus mechanisms to validate transactions and secure the network.

This network is divided into two distinct sub-chains. The BNB Beacon Chain, previously known as Binance Chain, takes charge of governance decisions within the network. In contrast, the BNB Chain, formerly referred to as Binance Smart Chain, is compatible with Ethereum Virtual Machine (EVM), allowing it to support a wide variety of decentralized applications (dApps). Most on-chain transactions occur on the BNB Chain, demonstrating its integral role within the Binance ecosystem.

Binance Coin’s Role in the Binance Ecosystem

Binance Coin (BNB) is the native cryptocurrency of the Binance ecosystem and serves multiple roles that extend far beyond discounted trading fees on the Binance exchange. Initially launched to incentivize trading, BNB has evolved into a versatile utility token with a wide array of applications. It acts as a bridge currency for converting different cryptocurrencies and plays a pivotal role in Binance Launchpad, where it allows users to participate in new blockchain project token sales. Additionally, BNB is integral to the BNB Chain, where it functions as the "gas" for transactions and smart contracts, making it essential for the growing decentralized finance (DeFi) sector.

The value and utility of BNB are further enhanced by various mechanisms and strategic initiatives. Binance conducts quarterly "token burns" to reduce the BNB supply and potentially increase its price. The coin is also increasingly accepted for real-world applications like travel bookings and credit card payments, thanks to partnerships like the one with VISA for the Binance crypto card. With its expanding use-cases and strategic importance in both the Binance ecosystem and the broader crypto landscape, BNB has established itself as a multifaceted asset that offers users a range of benefits and investment opportunities.

What Determines Binance Coin's Price?

Understanding the factors that influence Binance Coin's price is crucial for both investors and traders in the cryptocurrency market. One of the primary determinants of Binance Coin value is its utility within the Binance ecosystem. BNB is used to pay for transaction fees on the BNB Chain, and users who opt to pay fees in BNB often receive discounts ranging from 10% to 25%. Additionally, Binance conducts quarterly coin burns, reducing the supply of BNB based on trading volume, thereby affecting the Binance Coin market cap and, in turn, its USD price. The coin burn events are designed to continue until 50% of the total supply (100 million BNB) is destroyed, adding a deflationary aspect to the Binance Coin ROI.

Another factor that plays into BNB price prediction is the overall market sentiment and trading volume. Binance Coin price history shows that it has been susceptible to broader market trends, including regulatory news. For instance, SEC investigations and geopolitical events like Russia's invasion of Ukraine have had noticeable impacts on the BNB to USD exchange rate. Moreover, Binance Coin's technical analysis often includes cash flow calculations, which consider the sum of transaction fees saved over Binance's discount lifecycle. This approach accounts for a significant portion of BNB coin value, making it a unique asset compared to traditional cryptocurrencies like Bitcoin.

The Binance Coin price analysis also extends to its competition and positioning in the market. Binance Coin vs Bitcoin price movements can offer insights into investor preferences and risk appetites. Furthermore, the Binance Coin price forecast often incorporates its adoption in decentralized finance (DeFi) applications and non-fungible tokens (NFTs), which have been growing sectors in the blockchain space. With a market cap that has made it one of the largest cryptocurrencies, the current BNB value is not just a reflection of market speculation but also its intrinsic utility and growing adoption in various blockchain applications.

Conclusion

In conclusion, Binance Coin (BNB) is an integral part of the expansive Binance ecosystem. Initiated as an ERC-20 token, it has grown into a versatile digital asset with its own blockchain, enabling greater control and efficiency. BNB's broad range of utilities, from transaction fee discounts and token sale participation on the Binance platform, to serving as the 'gas' for the execution of transactions and smart contracts on the BNB Chain, highlights its critical role in the platform. With increasing use cases and integration across numerous platforms, BNB's value extends beyond the Binance ecosystem, underlining its position as a prominent player in the digital currency space.

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How to buy BNB (BNB)

Buying BNB on Bitget is fast and simple.
You just have to create an account, complete identity verification, deposit funds, and your trading journey is all set!
For more information, refer to How to buy BNB (BNB) .

Trade BNB perpetual futures

After having successfully signed up on Bitget and purchased USDT or BNB tokens, you can start trading derivatives, including BNB futures and margin trading to increase your income.

The current price of BNB is $569.13, with a 24h price change of +1.00%. Traders can profit by either going long or short onBNB futures.

Join BNB copy trading by following elite traders.

After signing up on Bitget and successfully buying USDT or BNB tokens, you can also start copy trading by following elite traders.

BNB news

See more
profileImg

What is restaking, and how to restake Ethereum to boost rewards?

Cointelegraph2024/04/13 10:34##
profileImg

A whale lent out 68,000 BNB 7 hours ago and recharged it on Binance for OMNI new coin mining

Cointime2024/04/13 07:31
profileImg

Omni Network (OMNI) Debuts on Binance Launchpool as 52nd Project

DailyCoin2024/04/12 16:13
profileImg

BNB Chain: Countdown to the second round of TVL incentive plan ends in 2 days

Cointime2024/04/12 15:37
profileImg

BNB Chain: opBNB mainnet Snow hard fork upgrade will start at 14:00 on April 15

Cointime2024/04/12 11:25

People are also inquiring about the price of BNB.

What is the current price of BNB?

We update our BNB to USD price in real time. Get the live Price of BNB on Bitget.

What is the 24 hour trading volume of BNB?

Over the last 24 hours, the trading volume of BNB is $1.47B.

What is the all-time high of BNB?

The all-time high of BNB is $690.93. This all-time high is highest price for BNB since it was launched.

Can I buy BNB on Bitget?

Yes, BNB is currently available on Bitget’s centralized exchange. For more detailed instructions, check out our helpful How to buy Binance guide.

Can I get a steady income from investing in BNB?

Of course, Bitget provides a strategic trading platform, with intelligent trading bots to automate your trades and earn profits.

Where can I buy BNB with the lowest fee?

We're pleased to announce that strategic trading platform is now available on the Bitget exchange. Bitget offers industry-leading trading fees and depth to ensure profitable investments for traders.

How is BNB different from other cryptocurrencies?

BNB started as a utility token for fee discounts on the Binance exchange but has expanded its utility over time. It now powers the BNB Chain, serves as a transactional currency, and is used in various dApps on the BNB Chain. Its value is closely linked to the Binance ecosystem's success.

How does the Binance token burn affect BNB's value?

Binance conducts quarterly "token burns", where a certain number of BNBs are permanently removed (burned) from circulation. This process reduces the total supply of BNB, which, according to economic principles, can create upward price pressure if demand remains constant or increases. The token burn is seen as a commitment by Binance to maintain BNB's value.

Is BNB a good investment?

Like all investments, BNB comes with its own set of risks and potential rewards. Its value is influenced by both the broader crypto market and the Binance ecosystem. Prospective investors should conduct their own research, understand the associated risks, and consider consulting with financial professionals before making investment decisions.

What is the maximum supply of BNB, and how does it impact its price?

BNB had an initial total supply of 200 million tokens. However, Binance has committed to burning half of them (100 million) over time. A capped supply can introduce scarcity, which, when coupled with increasing demand, can result in upward price pressure.

How does staking BNB work, and does it influence its value?

BNB can be staked to support network operations like transaction validation on BNB Chain. Stakers may receive rewards for their participation. Staking can influence BNB's value because it locks up a portion of the circulating supply, potentially reducing available supply and creating upward price pressure.

What are the use cases of BNB?

Binance Coin (BNB) has evolved significantly since its launch, and its use cases have expanded beyond just being a utility token for the Binance platform. Here are some of the primary use cases of BNB: - Trading Fee Discounts on Binance: Initially, BNB's primary use case was to provide users with trading fee discounts on the Binance platform. Users could opt to pay their trading fees in BNB, which would grant them a discount. This discount has been reduced over the years, according to a pre-established schedule. - Binance Chain & Binance DEX: BNB is used as the native cryptocurrency on Binance Chain, a blockchain platform developed by Binance. BNB is essential for executing transactions on Binance DEX, the decentralized exchange feature of Binance Chain. - BNB Chain: BNB is used as gas for executing smart contracts on BNB Chain, a parallel chain to Binance Chain that supports smart contract functionality. BNB Chain has been rapidly adopted due to its low transaction fees and high performance, and BNB's role in this ecosystem boosts its utility significantly. - Token Sales on Binance Launchpad: BNB can be used to participate in token sales hosted on Binance's token launch platform, Binance Launchpad. Many new projects choose to raise funds through this platform, and BNB is often a required medium of exchange for participating. - Staking: BNB can be staked on certain platforms, allowing users to earn rewards. On the Binance platform itself, there are often staking opportunities that let users earn interest on their BNB holdings. - Payments and Transactions: Some merchants and service providers accept BNB as a method of payment, extending its utility beyond the Binance ecosystem. Additionally, Binance has a crypto card that allows users to spend BNB at traditional points of sale. - Financial Services: BNB can be used in various DeFi (Decentralized Finance) projects on BNB Chain, serving roles such as collateral in lending platforms, liquidity provision in decentralized exchanges, and more. - Token Burns: Binance conducts periodic token burns where a certain amount of BNB is removed from circulation permanently. While not a direct "use case" in the traditional sense, it's an important factor influencing BNB's supply and value. - Cross-Chain Functionality: BNB can be used on other blockchains with wrapped tokens or bridges, enabling it to be used in ecosystems outside of Binance Chain and BNB Chain.
Cryptocurrency investments, including buying BNB online via Bitget, are subject to market risk. Bitget provides easy and convenient ways for you to buy BNB, and we try our best to fully inform our users about each cryptocurrency we offer on the exchange. However, we are not responsible for the results that may arise from your BNB purchase. This page and any information included are not an endorsement of any particular cryptocurrency.

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