If you had bought $1,000 worth of Binance Coin four years ago, this is the amount you would have today.
Shortly after its launch in 2017, the Binance exchange created its own cryptocurrency called Binance Coin $BNB. At that time, Binance was a newcomer compared to other exchanges, and its signature coin was very cheap.
Things have changed quite a bit since then. Binance is now the largest crypto exchange in the world, far surpassing its competitors in trading volume and weekly visits. Binance Coin has climbed the charts and is the fourth largest cryptocurrency by market capitalization at the time of writing.
The Growth of Binance Coin
Binance Coin started with an initial coin offering (ICO) where it could be purchased with Bitcoin or Ethereum. Its earliest recorded cash price on CoinMarketCap was on July 25, 2017, when it was available for just $0.10. If you had bought $1,000, you would have received 10,000 BNB.
The current price of Binance Coin is $600. Your investment would now be worth over $6.9 million.
That’s an astonishing figure, and that’s not even the best thing you could have done. When Binance Coin reached an all-time high of $690.93 on May 10, 2021, 10,000 BNB was worth nearly $7 million.