5 Cryptocurrencies to watch
4 BNB ($BNB): The Backbone of the Binance Ecosystem
As the native token of Binance, the world's largest cryptocurrency exchange, BNB plays a vital role in powering the Binance Smart Chain (BSC). This enables a wide range of applications, including:
- DeFi projects
- Gaming
- NFTs
BNB's Durability:
- Deflationary model with quarterly token burns
- Increasing utility within the Binance ecosystem
Outlook:
As Binance continues to expand its offerings, demand for BNB is likely to increase, solidifying its position as a fundamental component of a diversified cryptocurrency portfolio.