Why is the price of BNB increasing continuously?
#BNB
BNB coin is the native token of Binance, the largest cryptocurrency exchange globally based on daily trading volume. BNB coin has many benefits and use cases, such as saving on trading fees, staking, participating in exclusive token sales. BNB coin also has a deflationary mechanism, where a portion of the supply is burned every quarter to reduce the total supply to 100,000,000 BNB. These factors, along with the increasing popularity and adoption of Binance and its ecosystem, have contributed to the rising demand and price of BNB coin.And its price will increase significantly in the future as well.
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