$BNB BNB Historical Value

BNB (Binance Coin) has experienced multiple bull and bear market transitions since its ICO issuance at $0.1 in 2017. The crypto bull market in 2017 propelled it to break through $10, followed by a bear market in 2018 that brought it down to $1. Binance has gradually strengthened its value through a quarterly burning mechanism (buying back and burning BNB with profits) and ecological expansion (such as the BSC chain and DEX launch). In 2021, amid the DeFi and NFT boom, BNB soared to an all-time high of $690, but due to market fluctuations, it dropped to a low of $158 in 2022. After 2023, with the rise of AI concepts and on-chain technology upgrades, the price rebounded to the $300 range. The burning mechanism continues to reduce its circulating supply, combined with the diversified application scenarios within the Binance ecosystem (such as fee deductions and Launchpad participation), solidifying its long-term value. Currently, BNB's market capitalization remains among the top, making it one of the core assets in the crypto market.