What is Binance Coin (BNB)?

Binance Coin (BNB) is the native cryptocurrency of the Binance ecosystem, widely used for:

🔹 Paying trading fees on the Binance exchange

🔹 Participating in Binance Launchpad token sales

🔹 DeFi, NFTs, and more utilities within the Binance network

The price of BNB is influenced by the following factors:

🔸 Binance's market performance

🔸 Overall cryptocurrency market trends

🔸 Global regulatory developments

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📉 Recent performance and short-term forecast 📈

As of December 17, 2024, the trading price of BNB is approximately $718.23, having increased by 1.65% in the past 24 hours.