Binance Coin Price BNB

$889.51

0.83%

Buy Now

Price Information

1 Year Change

27.52%

All Time High

$1,370.98 -35.10%

Volume 24h

1.0 B $ -22.94%

Market Cap

123.8 B $ 0.83%

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, BNB (Binance Coin) is valued at $894.95, reflecting a modest 1.16% increase in the last 24 hours. BNB's market capitalization stands impressively at approximately $124.56 billion, making it one of the top cryptocurrencies by value. The price movements of BNB are primarily influenced by developments within the Binance ecosystem, broader cryptocurrency market sentiments, and external macroeconomic factors such as regulatory news and global investor activity.

Recently, BNB's price momentum is attributed to increased usage of Binance Smart Chain (BSC) projects, growing transaction volumes, and positive investor sentiment fueled by Binance's expanding services. Additionally, overall bullish trends in the crypto market help maintain BNB's upward movement, though occasional corrections and volatility are common. Retail investors should keep an eye on upcoming updates or announcements from Binance, as these can directly impact BNB's valuation.

BNB Price Catalysts: Bull Case & Bear Case

Bull Case: BNB benefits from its strong utility as the native token of the Binance platform, offering transaction fee discounts and playing a critical role in Binance Smart Chain-based decentralized applications (dApps). Continued expansion of DeFi, NFTs, and gaming projects on BSC can increase BNB demand. Additionally, Binance's ongoing token burn events reduce circulating supply, potentially elevating price due to scarcity. Positive regulatory clarity around major cryptocurrencies could also encourage more institutional and retail adoption, supporting BNB's bullish trajectory.

Bear Case: On the flip side, BNB faces risks related to regulatory pressures, particularly given Binance’s global regulatory scrutiny. Any negative legal developments or restrictions can undermine investor confidence. Moreover, competition from other blockchain platforms and tokens may limit BNB’s market share. Market-wide downturns, high volatility, or a decline in Binance platform usage could result in lower demand for BNB. Investors should consider these risk factors when evaluating potential investment in the token.

Frequently asked questions

Why is BNB going up right now?

BNB's recent price increase is primarily driven by heightened activity on the Binance Smart Chain, strong investor interest following positive market sentiment, and ongoing developments within the Binance ecosystem that boost token utility and demand.

What factors affect BNB's price the most?

BNB's price is influenced by user adoption of Binance services, market sentiment around cryptocurrencies, Binance's platform growth, regulatory news, and token supply adjustments such as token burns.

Is BNB a good investment for retail investors?

BNB offers potential due to its integral role in one of the largest crypto platforms, but like all cryptocurrencies, it carries risk. Investors should assess market conditions, regulatory environment, and their personal risk tolerance before investing.

How does Binance Smart Chain impact BNB's value?

Binance Smart Chain's growth directly increases demand for BNB, as it is used for transaction fees and governance on the network, enhancing the token's utility and supporting price appreciation.

What risks should I consider before investing in BNB?

Key risks include regulatory scrutiny towards Binance, competition from other blockchains, market volatility, and potential technological issues within the Binance Smart Chain ecosystem.

How often does Binance conduct token burns for BNB?

Binance conducts quarterly token burns based on trading volume until 50% of the total BNB supply is burned, reducing supply and potentially supporting price increases over time.

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.

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:

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:

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.

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:

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: