Binance Coin Price BNB

$879.99

-0.28%

Buy Now

Price Information

1 Year Change

52.48%

All Time High

$899.27 -2.13%

Volume 24h

1.8 B $ -8.63%

Market Cap

126.7 B $ -0.28%

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, the native cryptocurrency of the Binance ecosystem, is currently priced at $870.23, experiencing a slight decline of 1.69% over the past 24 hours. Its market capitalization stands robust at approximately $125 billion, underlining its significant position in the crypto market. The price movement is influenced by several factors including overall market sentiment, regulatory news, and developments within the Binance ecosystem itself. Recent slight downward pressure could be linked to broader market volatility and profit-taking after previous bullish runs, as investors assess the upcoming roadmap and external economic factors affecting crypto assets globally.

BNB Price Catalysts: Bull Case & Bear Case

The bull case for BNB is supported by continued growth and adoption of the Binance Smart Chain (BSC), which powers decentralized finance (DeFi) protocols and non-fungible tokens (NFTs). As one of the leading blockchain platforms, BSC’s increased user activity and transaction volume often positively correlate with BNB demand and price. Additionally, Binance regularly uses BNB in its token burn program, reducing supply and potentially creating upward price pressure. Expanding partnerships, innovations in the Binance ecosystem, and renewed investor interest could also act as catalysts for bullish momentum.

On the bear side, concerns around increasing regulatory scrutiny of Binance as a platform can weigh heavily on BNB’s outlook. Regulatory constraints can limit Binance’s operational scope, impacting user confidence. Furthermore, any downturn in the broader crypto market or increased competition from alternative blockchains could suppress demand for BNB. Market volatility and negative news cycles can also exacerbate price declines in the short term.

Frequently asked questions

Why is BNB going down right now?

BNB is currently seeing a slight price decline due to a combination of general market volatility, profit-taking by investors, and some cautious sentiment surrounding regulatory news affecting Binance. These short-term factors often cause temporary dips in price.

What is the current price of BNB?

The current price of BNB is $870.23.

What is BNB’s market capitalization?

BNB’s market capitalization is approximately $125.3 billion, reflecting its large presence in the cryptocurrency market.

What factors could cause BNB’s price to rise?

Price increases in BNB could be driven by increased adoption of Binance Smart Chain, token burns reducing supply, positive regulatory developments, and growing demand for decentralized applications in the Binance ecosystem.

What risks should investors consider regarding BNB?

Investors should consider regulatory uncertainties around Binance, competition from other blockchains, market volatility, and any news that could negatively impact investor sentiment.

How does Binance’s token burn affect BNB price?

Binance’s token burn program permanently removes a certain amount of BNB from circulation, reducing the total supply and potentially increasing scarcity, which can positively influence the price over time.

Popular Binance Coin Exchanges

View All

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:

3.0

Reviews:

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.

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.

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:

4.0

Reviews:

Bit2Me is a prominent Spanish crypto broker, established in 2014. With 230+ cryptocurrencies available, it provides a safe, user-friendly, and comprehensive trading experience, underpinned by its industry-leading customer service.

Rating:

4.4

Reviews:

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:

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

Paybis enables you to buy bitcoin with Skrill, credit and debit cards instantly. They offer 24/7 customer service, serving millions of customers in 48 U.S. states and 180+ countries worldwide.