Binance Coin's high today is $631.5, a change of 7.75% in the last 24 hours.
The latest price on Binance Coin left the token's market capitalization at $95.24B.
So far this year, Binance Coin has changed 97.73%. Binance Coin is classified as a smart contract platform under CoinDesks Digital Asset Classification Standard (DACS).
Binance coin (BNB) is the exchange token of the Binance crypto exchange. It was originally launched on the Ethereum blockchain but later migrated to the Binance Smart Chain, now known as the BNB chain.
Holders of BNB with a Binance account can get discounted free access to the exchange. That means the demand for the token is tied to the demand for the exchange's services.
Therefore, buying BNB can be seen as a bet on the success of the exchange, similar to buying shares in a company, with no ownership rights in the exchange other than owning the tokens.
However, it is assumed that the price of BNB Coin will continue to fall in the next few hours, despite the high recorded today.
So think about what you are going to do before taking the next step.đđ„