Price Analysis of Binance Coin (BNB) and Notcoin (NOT)
**BNB Analysis**
Binance Coin (BNB) is the native cryptocurrency of the Binance Smart Chain (BSC), originally launched as an Ethereum token in 2017. Since then, it has transitioned to its own blockchain ecosystem, which includes BNB Smart Chain, opBNB, and BNB Greenfield.
* **Historical Performance**:
* Debuted below $0.10 in 2017.
* Peaked above $24 by the end of 2017.
* Fell to around $4.5 during the 2018 bear market.
* Rose to over $38 in 2019 after the launch of Binance’s first chain.
* Surged to over $650 in 2021, driven by the DeFi boom on BSC.
* Reached an all-time high of over $700 in June 2023.
* **Current Status**:
* Trading at $575, down 20% from its all-time high.
* 2024 began with BNB just above $300, making it a profitable year so far.
**Notcoin (NOT) Analysis**
Notcoin (NOT) is a memecoin launched in 2024 on Telegram's The Open Network (TON).
* **Market Capitalization**:
* Valued at $1.5 billion, placing it 57th among cryptocurrencies.
* **Price Trends**:
* Debuted at $0.011, dropped to below $0.005 by May's end.
* Recovered in June, reaching new highs of $0.029.
* Currently at $0.015, still above its initial price but down 47% from its peak.
**Conclusion**
BNB has shown significant growth and resilience over the years, supported by the success of Binance and its blockchain ecosystem. Notcoin, being a new and volatile memecoin, has experienced sharp fluctuations but has managed to sustain a market value higher than its debut.
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