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#58 WHAT IS BINANCE COIN (BNB)?
Binance Coin is the cryptocurrency issued by the Binance exchange and trades with the BNB symbol.
Understanding Binance Coin (BNB)
The Binance blockchain is built using Ethereum and uses BNB as its native token. It was launched during an initial coin offering (ICO) in July 2017 and has a strict maximum of 200 million BNB tokens.
The ICO offered 10%, or 20 million, BNB tokens to angel investors, 40%, or 80 million, tokens to the founding team, and the remaining 50%, or 100 million, to the various participants.
In May 2024, Binance Exchange was the second largest (as verified by Coinmarketcap) cryptocurrency exchange in the world, with a daily trading volume of $11.8 billion.
Binance Coin (BNB) had a 24-hour trading volume of $1.45 billion.
- Binance Coin is the cryptocurrency issued by the Binance exchange and trades with the BNB symbol.
- Every quarter, Binance uses one-fifth of its profits to repurchase and permanently destroy (or "burn") BNB held in its treasury.
- Binance was created as a utility token for discounted trading fees in 2017, but its uses have expanded to numerous applications, including payments for transaction fees (on the Binance Chain), travel bookings, entertainment, online services, and financial services.
- At the time of writing, Binance Coin (BNB) had a market cap of more than $87 billion, ranking behind only Bitcoin, Ethereum, and USD Tether.
(credit to Investopedia)
#AltcoinSeasonComing
#AltcoinTrade
#CryptoComeback
#StripeStablecoinAccounts
$BNB
$BTC
$XRP
Binance Coin is the cryptocurrency issued by the Binance exchange and trades with the BNB symbol.
Understanding Binance Coin (BNB)
The Binance blockchain is built using Ethereum and uses BNB as its native token. It was launched during an initial coin offering (ICO) in July 2017 and has a strict maximum of 200 million BNB tokens.
The ICO offered 10%, or 20 million, BNB tokens to angel investors, 40%, or 80 million, tokens to the founding team, and the remaining 50%, or 100 million, to the various participants.
In May 2024, Binance Exchange was the second largest (as verified by Coinmarketcap) cryptocurrency exchange in the world, with a daily trading volume of $11.8 billion.
Binance Coin (BNB) had a 24-hour trading volume of $1.45 billion.
- Binance Coin is the cryptocurrency issued by the Binance exchange and trades with the BNB symbol.
- Every quarter, Binance uses one-fifth of its profits to repurchase and permanently destroy (or "burn") BNB held in its treasury.
- Binance was created as a utility token for discounted trading fees in 2017, but its uses have expanded to numerous applications, including payments for transaction fees (on the Binance Chain), travel bookings, entertainment, online services, and financial services.
- At the time of writing, Binance Coin (BNB) had a market cap of more than $87 billion, ranking behind only Bitcoin, Ethereum, and USD Tether.
(credit to Investopedia)
#AltcoinSeasonComing
#AltcoinTrade
#CryptoComeback
#StripeStablecoinAccounts
$BNB
$BTC
$XRP
BONK (24H Overview)
Current Price: $0.00002238
24H Change: -1.37% (mildly bearish)
24H High: $0.00002284
24H Low: $0.00002228
Market Cap: $1.79 Billion
Rank: #58
24H Trading Strategy
Short-Term Trend: Sideways to bearish
Buy Entry (if market supports): $0.0000220–$0.0000222
Target (Resistance): $0.0000228–$0.0000232
Stop-Loss: Below $0.0000220
Current Price: $0.00002238
24H Change: -1.37% (mildly bearish)
24H High: $0.00002284
24H Low: $0.00002228
Market Cap: $1.79 Billion
Rank: #58
24H Trading Strategy
Short-Term Trend: Sideways to bearish
Buy Entry (if market supports): $0.0000220–$0.0000222
Target (Resistance): $0.0000228–$0.0000232
Stop-Loss: Below $0.0000220
🤑 Looking for tokens with the potential to grow 10-100x? 🔥
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Enter #BGB - #Bitget Token.
Currently ranked #58 on CoinMarketCap, it has a market cap of $1.3B with a 24-hour trading volume of $32M, indicating strong engagement and reliability. With a circulating supply of 70%, there's ample room for growth.
BGB recently hit a new ATH of $1.15, outperforming even ETH during the last bull run.
As the 4-5th largest exchange by volume, bitgetglobal has shown consistent growth, even doubling its market share during the bear market.
With global ambassadors like Messi onboard, BGB is positioned for significant returns in the upcoming bull cycle of 2024-25.
Compared to overvalued tokens like OKX, BGB remains undervalued, making it a compelling investment opportunity.
It's essential to invest in projects focused on long-term growth rather than quick pumps and dumps.
Enter #BGB - #Bitget Token.
Currently ranked #58 on CoinMarketCap, it has a market cap of $1.3B with a 24-hour trading volume of $32M, indicating strong engagement and reliability. With a circulating supply of 70%, there's ample room for growth.
BGB recently hit a new ATH of $1.15, outperforming even ETH during the last bull run.
As the 4-5th largest exchange by volume, bitgetglobal has shown consistent growth, even doubling its market share during the bear market.
With global ambassadors like Messi onboard, BGB is positioned for significant returns in the upcoming bull cycle of 2024-25.
Compared to overvalued tokens like OKX, BGB remains undervalued, making it a compelling investment opportunity.
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