Today: 2022-08-08 Disclaimer: This is not a financial advice

Is it a Good Time to Buy BNB Right Now?

Current Price
$324.58
All Time High: $686.31

BNB is down -52.76046% from its highest price on 2021-05-10.

3/5
Avarage Daily Volume: $1,446,059,195.00

BNB has a daily trading volume of $1,446,059,195.00 which it will make it super easy for you to sell your holdings of BNB

Community

BNB has 10153777 total followers in all its social media accounts.

5/5
Exchanges

BNB is listed on 100 exchanges

5/5
Price Potential

BNB price value has the potential to increase to $14771.82 in the next crypto bull run.
Which may take up to 5 years from now.

Overall Score

Our algorithm believes it's So Good time to invest in BNB right now. We give it all overscore of

4.0/5

How to buy BNB today

Open an account at the exchange below so you could buy BNB today

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Summary of BNB(BNB):

BNB(BNB) today price is $324.58, which is down -52.76046% from it's all time high. The avarage daily volume is $1,446,059,195.00 and you can trade BNB on 100 exchanges.

10153777 people are following BNB in all social media accounts.

Our algorithm believes it's So Good time to invest in BNB with confident score of 4.0 out of 5.

What is BNB(BNB)?

Binance Coin is the cryptocurrency of the Binance platform. It is a trading platform exclusively for cryptocurrencies. The name "Binance" is a combination of binary and finance. Thus, the startup name shows that only cryptocurrencies can be traded against each other. It is not possible to trade crypto currencies against Fiat. The platform achieved an enormous success within a very short time and is focused on worldwide market with Malta headquarters. The cryptocurrency currently has a daily trading volume of 1.5 billion - 2 billion US dollars and is still increasing. In total, there will only be 200 million BNBs. Binance uses the ERC20 token standard from Ethereum and has distributed it as follow: 50% sold on ICO, 40% to the team and 10% to Angel investors. The coin can be used to pay fees on Binance. These include trading fees, transaction fees, listing fees and others. Binance gives you a huge discount when fees are paid in BNB. The schedule of BNB fees discount is as follow: In the first year, 50% discount on all fees, second year 25% discount, third year 12.5% discount, fourth year 6.75 % discount, and from the fifth year onwards there is no discount. This structure is used to incentivize users to buy BNB and do trades within Binance. Binance announced in a buyback plan that it would buy back up to 100 million BNB in Q1 2018. The coins are then burned. This means that they are devaluated to increase the value of the remaining coins. This benefits investors. In the future, the cryptocurrency will remain an asset on the trading platform and will be used as gas. Other tokens that are issued by exchanges include Bibox Token, OKB, Huobi Token, and more.