Binance Coin Price BNB

#4

$931.19

-0.42%
Buy Now
Price Information

1 Year Change

30.52%

All Time High

$1,370.98 -32.08%

Volume 24h

1.1 B $ -31.15%

Market Cap

129.6 B $ -0.42%

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?

As of now, Binance Coin (BNB) is trading at $930.61, reflecting a slight decrease of 1.25% over the last 24 hours. With a massive market capitalization of approximately $129.53 billion, BNB remains a dominant player among cryptocurrencies. The recent minor dip in price is influenced by a combination of factors including market sentiment, overall crypto market volatility, and macroeconomic developments such as interest rate changes and regulatory news. Additionally, fluctuations in Bitcoin and Ethereum prices tend to have a ripple effect on BNB's price due to their significant market influence.

BNB Price Catalysts: Bull Case & Bear Case

Bull Case: BNB benefits from its strong integration with the Binance ecosystem, which includes Binance Exchange, Binance Smart Chain (BSC), and various decentralized finance (DeFi) projects. With the increasing adoption of BSC for decentralized applications, BNB is expected to see sustained demand as it serves as the primary token for transaction fees and governance. Innovations and partnerships, as well as Binance's continuous upgrades and expanding services, offer potential upside. Furthermore, the resurgence in crypto investment interest and bullish sentiment toward altcoins could catalyze BNB’s price growth.

Bear Case: On the flip side, BNB faces challenges such as regulatory scrutiny, particularly in key markets like the U.S. This environment can restrict Binance’s operational capabilities, impacting BNB’s utility and trading volume. Increased competition from other smart contract blockchains could reduce BNB’s market share. Moreover, general crypto market downturns driven by macroeconomic headwinds, such as inflation concerns and tightening monetary policies, might exert downward pressure on BNB. The recent 1.25% decline highlights how external factors can quickly affect prices, posing risks to investors.

Frequently asked questions

BNB’s decline of 1.25% in the last 24 hours is largely due to short-term market volatility, broader cryptocurrency market trends, and external economic factors such as interest rate changes and regulatory concerns. These factors impact investor sentiment, causing fluctuations in price.

BNB is primarily used to pay transaction fees on Binance Exchange and Binance Smart Chain. It also serves purposes such as participating in token sales on Binance Launchpad, staking, and governance decisions within the Binance ecosystem.

BNB can be a good investment if you believe in the long-term growth of Binance and its ecosystem. Its utility within Binance platforms and strong market presence support its value, but like all cryptocurrencies, it carries risk due to market volatility and regulatory uncertainties.

Binance Smart Chain increases demand for BNB as it is the native token used to pay transaction fees and participate in DeFi projects. Higher activity on BSC usually boosts BNB’s utility and can positively influence its price.

Yes, regulatory developments can have a significant impact on BNB. Restrictions or bans on Binance’s operations in specific countries can reduce demand and trading volume, negatively affecting BNB’s price.

With a market cap of around $129.5 billion, BNB is among the largest cryptocurrencies by market capitalization, typically ranking within the top five after Bitcoin and Ethereum. This indicates strong investor interest and market confidence.

Popular Binance Coin Exchanges

View All

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:

13

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:

5

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:

3

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:

23

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.

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:

20

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:

33

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:

1

KuCoin is one of the world's top ten largest cryptocurrency exchanges, allowing you to buy, sell, and trade 700+ crypto assets.

Cryptocurrencies

View All

$95,472.16

-0.8 %

Best price for Bitcoin at

$3,302.08

0.2 %

Best price for Ethereum at

$1.00

0.0 %

Best price for Tether at

$931.23

-0.4 %

Best price for Binance Coin at

$2.08

-1.2 %

Best price for Ripple at

$142.24

-1.2 %

Best price for Solana at

$1.00

0.0 %

Best price for USDC at

$3,305.34

0.3 %

Best price for Lido Staked Ether at

$0.31

2.3 %

Best price for TRON at

$0.14

-2.4 %

Best price for Dogecoin at

Save Money on Your Next Crypto Purchase

Best Places to Buy Bitcoin by Country

Get the Best Rate by Payment Method

Crypto Exchange Comparisons