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.
