$BNB
🔥BNB COIN HISTORY 🔥
Binance coin (BNB) is the exchange token of the Binance crypto exchange. It was launched originally on the Ethereum blockchain but later migrated to the Binance Smart Chain, now called BNB Chain.Holders of BNB with Binance accounts can access discounted fees on the exchange. That means demand for the token is linked to demand for the exchange’s services. Therefore, buying BNB can be seen as a bet on the success of the exchange, in a similar way to buying a share in a company, except that owning the token comes with no ownership rights in the exchange.

As of May 2022, BNB’s all-time highest price was $686.31, recorded on May 10, 2021, according to CoinGecko. The rally was likely to do with the surging popularity of decentralized applications (dapps), including decentralized finance (DeFi), on the Binance Smart Chain.Binance Smart Chain (later rebranded BNB Chain) is a layer 1 network, meaning other applications can be built on top of it. That makes it a competitor to the Ethereum network. It offers faster transactions and cheaper transaction speeds than Ethereum, but it is more centralized.The success of the BNB Chain contributes to rallies in the price of BNB because the token is needed to pay transaction fees on the chain. Anyone wanting to do business on the chain needs BNB tokens. In addition to its core centralized exchange, Binance has also built a decentralized exchange on the BNB Chain.BNB spent much of 2021-22 as the third or fourth largest cryptocurrency in the world by market capitalization. As of May 2022, it is the fourth largest after bitcoin (BTC), ethereum (ETH) and tether (USDT).Binance originally created the tokens in order to raise capital through an initial coin offering (ICO). The coins were sold in the first week of the ICO in July 2017 at a price of 2,700 BNB for 1 ETH. The offering included 100 million BNB, meaning at the top end it could have raised around 37,000 ETH, which would have been worth nearly $10 million at the time.The founding team and angel investors held another 100 million BNB between them. Binance proposed in its original whitepaper to spend 20% of its profits every quarter buying and removing BNB from circulation, until the volume was brought down to 100 million. As of May 2022, the volume in circulation is around 168 million BNB, according to CoinGecko.The process of removing tokens from circulation or “burning” tends to support the price of a token, all else being equal.BNB tokens are burned in “real time,” meaning all the time. A certain portion of transaction fees is burned whenever a block is validated. At the time of writing, the total burned in this way was just over 76,600 BNB. However, most BNB burning is done on a regular quarterly basis, with the amount calculated according to a formula based on the BNB price and the total number of blocks so far validated in the chain. In the first quarterly burn of 2022, more than 1.8 million BNB were burned.
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Bitcoin is a zero to one innovation, making peer-to-peer digital money truly possible for the first time in what is a major technological advance that was more than a ten times improvement on what came before. Further innovation is always possible with Bitcoin, and occasionally results in a “fork” of the bitcoin code, allowing an entirely new cryptocurrency to be born that is based on Bitcoin but can never truly be Bitcoin.With no centralized figurehead or organization, Bitcoin has no single point of failure, delivering a system that is truly decentralized with software that allows anyone to have control over their own money and trustlessly verify the authenticity and scarcity of the bitcoins they receive.

Bitcoin is antifragile, with the Lindy Effect of its longevity demonstrating an ability to survive, even in a hostile environment of contentious hard forks and government bans. Combined with the trust and familiarity that comes with the brand, Bitcoin’s network effect drives more people to consider it a store of value, incentivizing more participants in return, and so on, increasing utility from an expanding user base.#BTC☀ #Write2Earn! #BinanceSquareFamily #CryptoMarketMoves

Cryptocurrency has been a hot topic in the financial world for the past decade, with many investors jumping on the bandwagon in hopes of making a quick profit. However, the price of cryptocurrencies like Bitcoin, Ethereum, and Ripple can be extremely volatile, with values swinging wildly from one day to the next. In this article, we will explore why crypto goes up and down, the factors that influence its price movements, and how investors can navigate the turbulent waters of the cryptocurrency .One of the key reasons why crypto prices go up and down is the psychology of market sentiment. Just like traditional stocks, cryptocurrencies are influenced by the emotions of investors. When there is a positive sentiment in the market, prices tend to go up as more people buy in. Conversely, when there is a negative sentiment, prices can plummet as investors rush to sell off their holdings. This cyclical pattern of optimism and pessimism can create massive fluctuations in crypto prices, making it a rollercoaster ride for investors.Another factor that affects the price of cryptocurrencies is the basic economic principle of supply and demand. If the demand for a particular cryptocurrency is high and the supply is limited, the price will rise as buyers compete for a limited quantity of coins. Conversely, if the supply of a cryptocurrency suddenly increases or the demand wanes, prices can plummet as sellers outnumber buyers. This delicate balance between supply and demand is crucial in determining the value of a cryptocurrency and can be a major driver behind price.The regulatory environment surrounding cryptocurrencies can also have a significant impact on their prices. Government announcements of regulations or legal developments in the crypto space can create uncertainty among investors, leading to a sell-off and subsequent price drop. Conversely, positive regulatory news can boost investor confidence and drive prices higher. In recent years, the crypto market has been heavily influenced by regulatory developments, with countries around the world grappling with how to regulate this emerging asset class.One of the darker sides of the cryptocurrency market is the prevalence of market manipulation. Pump-and-dump schemes, where dishonest investors artificially inflate the price of a cryptocurrency only to sell off their holdings at a profit, are all too common in the crypto world. These schemes can create false hype around a particular coin, leading unsuspecting investors to buy in at inflated prices before the bottom falls out. Market manipulation can cause prices to skyrocket one day and crash the next, leaving investors with substantial losses.#Write2Earn! #BinanceSquareFamily

What are Meme Coins?

Meme coins are cryptocurrencies that are created based on some popular internet memes or humorous characteristics, with no specific purpose or use case. They are created just for fun and entertainment purposes and hold no inherent value. However, they became quite popular in recent years capitalizing on the hype of the internet memes.
Being the first-ever meme coin, Dogecoin started the meme coin trend and today they became an inseparable part of the crypto ecosystem with billions of dollars worth market cap. Some of the top meme coins are Dogecoin (DOGE), Shiba Inu (SHIB), Pepe coin (PEPE), Bone ShibaSwap (BONE), etc. While most of these are started as memes, they are growing into actual cryptocurrencies with specific use cases.
For example, dog-themed meme coin Dogecoin is being used for making online payments and the second-best meme coin, Shiba Inu is building an entire ecosystem of protocols including a decentralized exchange, ShibaSwap, a layer2 blockchain, Shibarium, and SHIB metaverse.
Meme coins have also taken up various narratives such as AI meme coins and cat themed meme coins. With the increased adoption of Meme Coins, some of the recent meme coin presaleshave become immensely popular

What are Altcoins?

Altcoins are all the alternative cryptocurrencies to Bitcoin. So, except for Bitcoin, every cryptocurrency can be referred to as an altcoin. In fact, meme coins are a part of altcoins but not vice versa. Some people in the crypto community prefer to call all cryptocurrencies, other than Bitcoin (BTC) and Ethereum (ETH), as altcoins.
The first-ever altcoin was “Namecoin” and it was created as a hard fork from Bitcoin, to insert data into the Bitcoin blockchain. The cryptocurrencies that exist today such as Litecoin (LTC), Bitcoin Cash (BCH), and Bitcoin Gold (BTG) are also the hard forks of Bitcoin. Other cryptocurrencies that have their own blockchain and were created with specific use cases such as Ethereum (ETH), Polkadot (DOT), Cardano (ADA), Ripple (XRP), are also altcoins.
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