1. New all-time high: In December 2024, Binance Coin $BNB
reached a record price of $772.97, which is linked to the overall rise of the altcoin market and the popularity of Binance as a leading centralized exchange (CEX). This growth confirms BNB's strong position among top cryptocurrencies【7】.
2. Deflationary model: Binance regularly burns a portion of BNB, which reduces the total supply of the coin and contributes to its long-term growth. This makes the coin attractive to long-term investors【8】.
3. Wide Binance ecosystem: BNB is used for paying fees, participating in Binance projects, and staking with an annual yield of 3.65%. This makes it useful not only for trading but also for decentralized applications (dApps) and DeFi platforms【7】【8】.
4. Positive forecast: Analysts predict that by the end of the year, BNB could rise to $850 due to the development of the BNB Chain blockchain and the increasing demand for cryptocurrencies【8】.
Risks: Despite the growth potential, it is important to consider the regulatory pressure on Binance and possible market fluctuations that may temporarily affect the price of BNB【8】.
If you are looking for a cryptocurrency with good long-term prospects and strong platform support, BNB is an excellent choice. But do not forget about the risks and conduct your own analysis before investing.