Binance Coin Price BNB

$871.58

-0.96%

Buy Now

Price Information

1 Year Change

35.09%

All Time High

$1,370.98 -36.38%

Volume 24h

1.1 B $ 118.61%

Market Cap

121.3 B $ -0.96%

Buy Now

Price Alert

Create a price alert and never miss the best entry time again

Set Price Alert

About Binance Coin

BNB Price Pulse: What’s Moving It?

BNB, Binance's native cryptocurrency, is currently priced at $870.99, reflecting a modest 1.01% decline over the past 24 hours. Despite this slight dip, BNB maintains a robust market capitalization of approximately $121.2 billion, underscoring its significance in the crypto ecosystem.

Several factors influence BNB's price movements daily. Market sentiment towards cryptocurrencies broadly, regulatory news, and developments related to Binance's platform and ecosystem can all play roles. Recently, minor profit-taking and broader market corrections might have contributed to the 1.01% decline observed over the last day. Additionally, fluctuations in Bitcoin and Ethereum prices often cascade to altcoins like BNB because of market interlinkages.

BNB Price Catalysts: Bull Case & Bear Case

Bull Case: BNB’s value proposition remains strong due to its integration across Binance’s exchange services, including transaction fee discounts and use in Binance Smart Chain applications. Continued adoption of Binance Smart Chain for decentralized finance (DeFi) projects and non-fungible tokens (NFTs) could drive demand higher. Furthermore, Binance’s expansion and regulatory compliance initiatives might restore and increase investor confidence, driving price growth.

Bear Case: On the downside, regulatory scrutiny of Binance and its operations in key international markets remains a potent risk. Any unfavorable regulatory developments could spark downward pressure on BNB. Additionally, broader crypto market volatility triggered by macroeconomic factors, tightening financial conditions, or bearish sentiment around cryptocurrencies could suppress BNB’s price momentum.

Frequently asked questions

Why is BNB going down right now?

BNB's recent price dip of around 1.01% is likely due to a combination of minor profit-taking by traders, broader market corrections affecting cryptocurrencies, and possible uncertainty surrounding regulatory news related to Binance and the crypto sector.

What factors support the future growth of BNB?

Key growth drivers for BNB include ongoing adoption of Binance Smart Chain, its utility within the Binance ecosystem, expansion of DeFi and NFT projects using BNB, and Binance’s efforts to navigate regulatory challenges successfully.

How significant is BNB's market capitalization?

With a market capitalization of approximately $121 billion, BNB ranks among the largest cryptocurrencies, indicating strong investor interest and its important role within the crypto market.

Should retail investors be concerned about BNB’s price volatility?

Like most cryptocurrencies, BNB experiences price volatility. Retail investors should be prepared for fluctuations and consider their risk tolerance, investment horizon, and diversification strategies before investing.

How does Binance Smart Chain impact BNB’s price?

Binance Smart Chain increases demand for BNB since it's used to pay transaction fees and participate in decentralized applications, which can positively influence BNB's price if adoption grows.

Where can I stay updated on BNB’s price movements and news?

Investors can follow reputable cryptocurrency news sites, Binance’s official channels, and real-time market data platforms to stay informed about BNB price changes and relevant developments.

Popular Binance Coin Exchanges

View All

eToro is a multi asset social trading platform. Its standout feature is copy trading, letting you mimic successful investors. User-friendly and regulated, it’s great for both beginners and experienced traders.

Rating:

3.2

Reviews:

Neverless is a new crypto trading platform created by former Revolut executives. It’s fully regulated in Europe and aims to make crypto more accessible by offering commission-free trading, competitive pricing, and support for over 700 cryptocurrencies. Users can also earn high yields on their assets and quickly buy crypto using Apple Pay or Google Pay.

Bitpanda is a European neobroker on a mission to democratize the complex world of investing. With low fees, 24/7 trading and real-time settlement, Bitpanda empowers users to shape their financial futures - on their own terms.

Rating:

2.8

Reviews:

Cryptomus offers a secure, user-friendly platform for buying, selling, and managing crypto, with P2P trading, staking (up to 20% APR), and mobile access for seamless transactions.

Rating:

4.9

Reviews:

Bitget, founded in 2018 during a crypto downturn, is a global exchange focused on user-centric innovation. With roots in traditional finance, its team saw blockchain’s potential early on. Today, Bitget aims to make crypto trading more accessible while promoting long-term industry growth.

Binance is the world’s leading blockchain ecosystem, with a product suite that includes the largest digital asset exchange. Their mission is to be the infrastructure provider for crypto in tomorrow’s world.

Rating:

3.4

Reviews:

Coinbase is a digital asset broker headquartered in San Francisco, offering exchanges of Bitcoin, Ethereum, and other crypto assets in 32 countries, and bitcoin transactions and storage in 190 countries worldwide.

Rating:

3.5

Reviews:

Kraken.com is one of the world’s largest and longest-standing cryptocurrency broker trading platforms. Founded in 2011 and headquartered in the U.S., it provides users with access to a wide range of digital assets such as Bitcoin, Ethereum, and many altcoins.

Rating:

3.9

Reviews:

Gemini is a regulated cryptocurrency exchange, wallet, and custodian that makes it simple and secure to buy bitcoin, ether, and other cryptocurrencies. The company is expanding internationally into Europe and Asia.

Rating:

4.0

Reviews: