Shortly after its launch in 2017, Binance created its own cryptocurrency called Binance Coin $BNB At the time, Binance was a newcomer compared to other exchanges and its token was cheap.
Things have changed a lot since then. Binance is now the world’s largest cryptocurrency exchange, outpacing the competition in terms of trading volume and weekly site traffic. Binance Coin has climbed the charts and is the fourth largest cryptocurrency by market cap at the time of writing.
Binance Coin Growth
Binance Coin started with an Initial Coin Offering (ICO) where it could be purchased using Bitcoin or Ethereum. Its first recorded cash price on CoinMarketCap was on July 25, 2017, when it was available for just $0.10. If you bought for $1,000, you would get 10,000 BNB.
The current price of Binance Coin is $600. Now, your investment will be worth over $6.9 million.
This is an astonishing number, and it’s not the best you can do. When Binance Coin hit its all-time high of $690.93 on May 10, 2021, 10,000 BNB was worth nearly $7 million.
