LIVE🚨🚀 Can BNB reach 1000USD? 🚀🚨
BNB is a native token of Binance crypto exchange, and was launched in 2017. In this article, we are going to discuss what is BNB, and if BNB is a good investment to make in 2024?
Binance has given great returns since it started trading since its ICO. Binance as a platform has grown to be the best crypto exchange one can trust, despite many lending platforms and exchanges shutting down recently. Specially last year, Binance saw a NON-STOP growth from 20-30 USD to reaching above 600 USD in less than 6 months’ time.
As of 24th February 2024, the BNB token is now trading at around 380.05 USD.
What is a BNB coin?
BNB is a utility coin of the Binance crypto exchange as well as the Binance smart chain. It may be used for trading and making commission payments on the Binance cryptocurrency exchange. As said, it fuels the Binance Chain, a network of smart contracts established by Binance and home to a number of initiatives. For every trade you make on Binance, if you pay the fee with BNB coin, you get a discount on your trading fee.
The value of BNB skyrocketed as Binance and its blockchain network gained more notoriety. By the end of the year, investors who purchased at the beginning of 2021 had earned profits of more than 1,200%.
With the help of primarily Chinese investors, the team was successful in raising 15 million USD. Since other ventures gathered more money without having a functioning company or product, this figure is not particularly outstanding.
