$BNB
The analysis of BNB (Binance Coin) shows that its current price is $624.14, with an increase of 4.43% over the past 24 hours.¹ BNB is the native cryptocurrency of the Binance platform and is used to reduce fees on the platform, in addition to being the currency used to pay fees on the BNB chain.
In terms of market capitalization, the market cap of BNB is approximately $104.44 billion, with a trading volume of $1.25 billion over the past 24 hours.
Technical analysis shows that the price of BNB is considered to be in a fluctuating range, with strong resistance at the $643 level and strong support at the $595 level.
From a fundamental perspective, BNB is characterized by its unique technologies, such as Proof of History (PoH), which enables high speeds and compatibility with web 3.0 applications.
