This has helped increase the token’s value-especially as decentralized finance (DeFi) projects built on BSC have gained more popularity. However, in the past years, BNB has moved from being an exchange-only asset to one that powers both Binance Chain and Binance Smart Chain (BSC), the two blockchains built and maintained by Binance. At the time, the touted use case was that of lower trading fees and the use of BNB as an everyday currency. It raised nearly $15 million in its initial coin offering (ICO), with the proceeds put toward building and marketing Binance. Interestingly, Binance uses one-fifth of its profits each quarter to repurchase and then destroy or burn coins held in its treasury to increase BNBs scarcity. This is the highest ever price for the token since its launch in 2017. The high prices mean there’s currently a lack of a predetermined “resistance” level, one where sellers step in to “take profit” on their holdings. The coin has shot up in recent days, as the below image shows, and remains in a firm uptrend for now. Binance Coin (BNB) is designed with token burn in mind. As a result of this, the BNB ecosystem has reached a $27 billion valuation at its current circulating supply of 147 million tokens and is now the world’s sixth-most-valued blockchain network. This represents a 2.50 price increase in the last 24 hours and a -9.50 price decline in the past 7 days. The token traded at $50 at the start of this month, reaching an all-time high of $197 earlier this morning.

upto 10 increase/decrease in price, or you can also enter a custom target price. However, the biggest threat to it is huge volatility as some analysts argue that the prices might plunge. Set cryptocurrency price alerts with notifications, alert sounds and.

Securities and Exchange Commission will come after the digital assets sector’s. $0.04027204 -15.72% Terra Classic (Wormhole) More than 1 billion in daily trade volume makes Binance Coin among the most popular today. One-Two Punch Finally Registers SEC View on Binance, Coinbase, Rest of Crypto: The mystery is over for how the U.S.

Binance coin price increase