$BNB on its way back to $705 and more

After its slight drop, $BNB is showing clear signs of recovery and could be on its way to returning to $705 and even surpassing $710. It would not be surprising to see it approach $720 and more, considering the strong performance of the coin in the Binance ecosystem.

Why is BNB still an attractive investment?

1. Utility coin on Binance: it is the native coin of the largest cryptocurrency exchange in the world. Its utility is extensive, from discounts on trading fees to its use on Binance Smart Chain (BSC), giving it sustained intrinsic value and constant demand.

2. Expanded use cases: Besides its function on Binance, BNB is used in various applications within the Binance Smart Chain, increasing its relevance in the DeFi and NFT ecosystem.

3. Supply reduction: Binance continues with its token burn program, which reduces the supply of BNB over time and can contribute to an increase in its value.

With the continuous growth of Binance and its infrastructure, $BNB remains one of the strongest coins in the market, with a promising future and much potential for continued growth.