$BNB #BNBUPDATE

Current Market Status

- *Current Price*: $643.05

- *Market Cap*: $93.81 billion

- *24h Trading Volume*: $1.6 billion

- *Circulating Supply*: 145,887,576 BNB coins

- *Max Supply*: 200 million BNB coins

Recent Price Movement

- *24h Change*: 0.11% increase

- *7d Change*: 2.07% increase

- *All-Time High*: $788.84 (December 4, 2024)

- *All-Time Low*: $0.04 (October 19, 2017)

Key Features

- *Blockchain*: Binance Smart Chain (BSC) and Binance Chain

- *Consensus Algorithm*: Proof-of-Staked-Authority (PoSA)

- *Token Use Cases*: Payment for transaction fees on Binance exchange, trading, and staking

- *Tokenomics*: Deflationary cryptocurrency with a hard supply limit of 200 million

BNB's price is influenced by factors like global market trends, crypto industry market capitalization, and the health of the Binance exchange. Binance regularly burns BNB coins, which can impact the token's value ¹ ².