Binance Coin (BNB) Overview!!
Binance Coin, or BNB, is a cryptocurrency that powers the BNB Chain, a merged layer-1 blockchain combining the original Binance Chain and Binance Smart Chain. It's used for gas fees, staking, and voting within the Binance ecosystem.
Key Features
- *Auto-Burn Mechanism*: Binance Coin has a deflationary token design, reducing its total supply over time through quarterly burns.
- *Utility*: BNB is used for transaction fees, staking, and voting on the Binance platform.
- *Market Presence*: BNB is one of the top cryptocurrencies by market capitalization, currently ranking #5.
Price Statistics
- *Current Price*: $669.27
- *24h Volume*: $916,666,936
- *Market Cap*: $97,638,945,474
- *All-Time High*: $788.84 (December 4, 2024)
- *All-Time Low*: $0.0398177 (October 19, 2017)
Market Performance
- *24h Change*: +0.8%
- *7d Change*: +0.08%
- *Market Dominance*: 2.70%
Future Projections
- *2025 Prediction*: Average price of $669.7, with potential swings between $442 and $723.27.
- *2035 Prediction*: Potential price of $1,819.83, offering a +149.00% return from today's price.
