If You'd Bought £1,000 Worth of Binance Coin 4 Years Ago, Here's How Much You'd Have Today.
Shortly after it launched in 2017, the Binance exchange created its own cryptocurrency called Binance Coin $BNB At that time, Binance was a newcomer compared to other exchanges and its signature crypto was dirt cheap.
Things have changed quite a bit since then. Binance is now the world's largest crypto exchange, dwarfing the competition in terms of trading volume and weekly site visits. Binance Coin has climbed the charts and is the fourth-biggest crypto by market cap at the time of this writing.
The growth of Binance Coin$BNB
Binance Coin started with an initial coin offering (ICO) where it could be purchased using Bitcoin or Ethereum. Its earliest recorded cash price on CoinMarketCap comes on July 25, 2017, when it was available for as little as £0.10. If you had bought £1,000 worth, you would have gotten 10,000 BNB.
The current price of $BNB Binance Coin is £600. Your investment would now be worth over £6.9 million.
That's a jaw dropping number, and it's not even the best you could've done. When Binance Coin hit its all-time high of £690.93 on May 10, 2021, 10,000 BNB were worth nearly £7 million.