About Binance Coin (BNB)
BNB Smart Chain (formerly Binance Smart Chain) is a blockchain network developed by Binance, one of the world's leading cryptocurrency exchanges. This ecosystem hosts decentralized applications (dApps), decentralized exchanges (DEXes), GameFi platforms, and NFT communities. The BNB token now ranks among the top 5 cryptocurrencies by market capitalization. "BNB" stands for "Build n' Build," reflecting the platform's core philosophy of continuous innovation.
Key Metrics (Latest Data)
- Current Price: $657.6 USD (24h change: +0.38%)
- Market Cap: $92.65 Billion USD
- 24h Trading Volume: $1.52 Billion USD
- Circulating Supply: 140.89 Million BNB
Price Performance Overview
- Weekly Change: +2.54%
- Monthly Change: -0.51%
- Annual Change: +18.12%
- All-Time High: $794.3 USD (Dec 4, 2024)
- All-Time Low: $0.02141498 USD (Jul 14, 2017)
👉 Track real-time BNB price movements with live charts and indicators.
Market Context
BNB demonstrates moderate volatility with a current estimated fluctuation rate of 1.06%. While today's technical analysis shows a buy signal, investors should consider:
- 1-week rating: Buy
- 1-month rating: Buy
Comparative Market Data
- View top-gaining cryptocurrencies
- Analyze market cap rankings
- Monitor trading volume leaders
Trading and Investment Considerations
For safe BNB acquisition:
- Use reputable exchanges like Binance, Coinbase, or Kraken
- Connect through verified brokers via TradingView's broker integration
- Conduct thorough technical analysis using BNB chart tools
👉 Discover advanced trading strategies from experienced crypto investors.
FAQ Section
What drives BNB's value?
BNB's utility spans transaction fees, staking rewards, and ecosystem participation across Binance's expanding network.
How does BNB compare to Ethereum?
While both support smart contracts, BNB Smart Chain offers faster transactions and lower fees, though with more centralization.
Is BNB a good long-term investment?
The token has shown consistent growth, but like all cryptocurrencies, carries volatility risk. Diversification is recommended.
Where can I learn BNB trading strategies?
Explore community insights and technical analysis on TradingView.
What's BNB's inflation rate?
The current circulating supply is capped, with periodic burns reducing total supply over time.
Technical Resources
Note: Always conduct your own research before making investment decisions. Cryptocurrency markets are highly volatile.