#2024WithBinance

### BNB Coin Explanation Today

**BNB** (Binance Coin) is the native currency of **Binance**, the world's largest cryptocurrency exchange. It operates within the **Binance Smart Chain** ecosystem, making it one of the most widely used cryptocurrencies in the world.

#### **Currency Performance Today - December 5, 2024**

- **Current Price:** Ranges between **630 and $667**.

- **Volatility:** The coin has decreased by **4%** in the last 24 hours due to bearish market trends.

- **Market Cap:** Exceeded **$100 billion**, with about **145 million units in circulation**.

#### **BNB Uses:**

1. **Fees Reduction:** Used to pay trading fees on the Binance platform with discounts of up to 25%.

2. **Application Support:** It acts as fuel to run applications on the Binance Smart Chain network.

3. **Periodic Burning:** Binance adopts a coin burning mechanism to increase its value over time, gradually reducing the total supply.

#### **Prospects and Expectations:**

- BNB benefits from the growth of the Binance ecosystem and support for decentralized finance (DeFi) technologies.

- Technical updates such as BEP-95 make it more deflationary, which contributes to increasing its value over time.

### Hashtags:#BNB9252676189#Cryptocurrencies#Trading#Blockchain92526761897