#BNB reach 888
BNB's current price is $850.60 with a market capitalization of $113.08 billion. The token has seen a 4.36% increase in value, with its price ranging from $812.20 to $858.89 in the last 24 hours. BNB is the native cryptocurrency of the Binance ecosystem, which includes Binance Chain and Binance Smart Chain. It's used for various purposes such as trading, investing, and paying fees on the Binance platform.
Some key facts about BNB include ¹ ²:
- *Market Capitalization*: $113.08 billion
- *Current Price*: $850.60
- *Price Range*: $812.20 - $858.89
- *Percent Change*: 4.36%
- *Total Supply*: Initially 200 million, now around 168 million after quarterly burns
- *Use Cases*: Trading, investing, fee payments, and earning income through Binance Earn
- *Blockchain*: Binance Chain and Binance Smart Chain, with Proof-of-Stake consensus and fast transaction processing times
BNB's value is influenced by factors such as the overall state of the cryptocurrency market, Binance's quarterly revenue, and the development of its ecosystem. The token has shown significant growth since its ICO, with a 4,700-fold increase in value over four years.