However, in 2021, things changed significantly for the coin, as it got strongly involved with the bull run that Bitcoin kickstarted in late 2020. Binance Coin price historyīNB is launched in July 2017 under the name of Binance Coin, and for the next few years, its price grew very slowly, with $30 being its biggest resistance level between 20. In other words, BNB has a great number of utilities in Binance’s expanded ecosystem, which gives it value to both those who mean to use it and those who mean to trade it or invest in it. It is also the only asset that can be used on Binance Launchpad and other blockchain products. While the coin is somewhat more stable than most of its peers, there is still volatility that allows traders to earn from day trading, while its long-term predictions are mostly positive, expecting BNB to bounce back up toward its ATH and likely beyond in time.Īlso, since it runs on Binance Smart Chain, it is the main asset for paying fees for all transactions on a blockchain that is rich with DeFi and dApp projects. The world’s largest crypto exchange also backs BNB, and it runs as a native cryptocurrency on two different blockchains - Binance Chain, and Binance Smart Chain. This makes its performance slightly better in comparison.įurthermore, BNB recovered more quickly than Bitcoin. There are several reasons why you might want to consider investing in BNB, as the coin did not reach this amount of popularity and this height without any utilities.įor example, it is very stable for a cryptocurrency, and compared to most other cryptos, it lost fairly little during the crypto winter.īitcoin went from $69,000 to $16,000, while BNB went from $671 to $215. All of this makes it a very attractive option for those who want to have a portion of their portfolio in crypto but also diversify it by adding traditional assets and vice versa. Its volume in the last 24 hours is at about $904 million at the time of writing, which is not as big as Bitcoin, Ether, Tether, USD Coin or even XRP, but it is definitely among the more popular assets out there.Īs the native cryptocurrency of Binance exchange, its two blockchains, and multiple other Binance-issued products, it is easiest to obtain it on the exchange itself or on Binance’s personal decentralized exchange (DEX).Īlternatively, if you prefer to purchase it through a traditional broker, you could also do it on eToro, which offers traditional and crypto assets alike.Ĭrypto Price discussion / social forum on eToroĪpart from that, eToro also offers a comprehensive trading experience, excellent features, expert opinions, price analysis, and more. The coin is also up by 5.55% in the last 7 days, which tells us that the growth in the last 24 hours has taken the coin to the highest point in the last week, which was relatively stable for BNB, as can be seen on the chart below.īeing one of the largest cryptocurrencies in the crypto industry, Binance Coin is a highly demanded asset. Binance Coin Price Now – Live Price ChartĪt the time of writing, April 11th, 2023, BNB’s price sits at $330.10 after growing by 5.4% over the last 24 hours. Of course, that is only speculation, although historical data shows that it is to be expected.įor now, let us put predictions about the future to the side, and explore BNB and its price in detail in order to see what kind of a cryptocurrency it is, what it has been through so far, and whether or not it is a worthy investment. What this means is that Binance Coin, or BNB as it is now known, has tremendous potential, and the next bull run will most likely take it further up than ever before. Of course, a year-long crypto winter in 2022 made it lose more than half of its value, even pushing it down to $215 at one point, but with the start of 2023, the coin is showing signs of recovery. Even after crashing down to $300 in mid-2021, it once again skyrocketed near its ATH in November of the same year. The coin went from $30 back in December 2020 to over $670 in May 2021. Binance Coin price all-time growth, via Coinbaseīinance Coin (BNB) was one of the cryptocurrencies that were among the most rewarding during the last bull run that took place in 2021.
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