$BNB Price of BNB

The value of BNB fluctuates, as evidenced in the previous BNB price chart. Several factors can affect the price of BNB, given the wide range of use cases for the asset along with the speculative nature of the cryptocurrency industry. The list of uses for BNB includes functioning as a vehicle for fee payments on BNB Chain and as money through the Binance payment card. BNB is the governance asset for BNB Chain.

BNB is burned every quarter according to a formula, which is expected to continue until the circulating supply of BNB reaches less than 100 million, down from its initial count of 200 million.

For news about Binance Coin (BNB news), check the Binance Coin tag on Cointelegraph.