Binance Coin (BNB) Current Market Overview
BNB (Binance Coin) Latest Price:
¥1,535.11 ≈ $215.09 USDT
24H Change: -1.49% (¥-3.2533)
Key Metrics:
- 24H High: ¥1,566.87
- 24H Low: ¥1,534.69
- 24H Trading Volume: 564.33M BNB
- 24H Trading Value: ¥8.663B
- 7D High: $241.21 USDT
- 7D Low: $213.86 USDT
Market Data:
- Total Market Cap: $32.946B USDT
- All-Time High: $690.49 USDT
- All-Time Low: $0.0961 USDT
- ROI Since Launch: 143,293% (1,432.93x)
- Global Market Share: 3.14%
- Circulation Rate: 76.59%
- Turnover Rate: 3.68%
Understanding Binance Coin (BNB)
BNB is the native token of Binance, the world's leading cryptocurrency exchange. Initially issued as an ERC-20 token on Ethereum, BNB migrated to Binance Chain in 2019.
Key Features:
- Fixed Supply: Capped at 200M tokens, with quarterly burns until 100M remain.
- Utility: Used for trading fee discounts, staking, and ecosystem participation.
- Transparency: Burn records are verifiable via blockchain explorers.
BNB Historical Price Trends (2023)
2023 Price Movement Summary:
- January–August 2023: Fluctuated between $213–$241, reflecting broader crypto market trends.
- Notable Events: Regulatory updates and exchange developments influenced volatility.
👉 Compare BNB performance across exchanges
FAQs About BNB
1. What drives BNB’s price?
BNB’s value correlates with Binance’s trading volume, utility adoption, and market sentiment. Burns reduce supply, potentially increasing scarcity.
2. How does BNB compare to other exchange tokens?
BNB leads in market cap and use cases (e.g., payments, DeFi), outpacing competitors like FTX Token (pre-collapse) and OKB.
3. Is BNB a good investment?
While past ROI is impressive, crypto investments carry high risk. Diversify and research thoroughly.
Risk Disclaimer
- Not Financial Advice: Prices are volatile; conduct independent research.
- Regulatory Compliance: Adhere to local laws regarding crypto trading.
- Investment Caution: Only invest what you can afford to lose.
Data sources: Binance, CoinMarketCap. Last updated: August 2023.