$BNB Factors affecting the strength of the BNB currency:
1. High demand: BNB is used to pay trading fees on Binance with discounts, which increases demand.
2. Token burning: Binance regularly burns a quantity of BNB to reduce supply and increase its rarity, which supports the price.
3. Multiple uses: Used in DeFi, for transfer fees, travel bookings, and even for payment in certain stores.
4. Strong network: BNB has its own blockchain (BNB Smart Chain) that supports smart contracts and decentralized projects.
5. Support from Binance: As the native currency of the largest exchange platform, it enjoys great reliability.
BNB's market performance:
It is perceived as one of the top 5 cryptocurrencies in terms of market capitalization.
It has experienced significant increases over the past few years, particularly with the rise of cryptocurrencies.