![]() ![]() The trust of the community in this exchange and the privileges provided to traders using BNB coin resulted in the popularity of this asset.īinance Coin was made available in the summer of 2017 - not long before the historic peak of the entire cryptocurrency market. All these qualities have made this exchange one of the leaders on the market of cryptocurrency exchanges. The exchange has good liquidity, provides hundreds of trading pairs, and is capable of processing a high amount of transactions per second. The rest BNB coins went to the Binance team. Half of the tokens were bought by the public and 10% was given to angel investors. Binance Coin was distributed during the ICO campaign. The quick success of the token is easily explained by the huge popularity Binance managed to gain very soon after the launch. Moreover, Binance Coin is one of the top 10 cryptocurrencies by market cap. It's fair to say that Binance Coin is one of the most popular native tokens. ![]() On Binance DEX many most currencies are traded against BNB so having this coin in the portfolio gives wider opportunities. ![]() If traders choose to pay fees in BNB they get a discount. BNB is an ERC20 token that can be used to pay fees on Binance exchange. Binance Coin (BNB) is the Binance native token created the same year. We only should consider some other factors.īinance is one of the most popular cryptocurrency exchanges. These factors are supposed to fuel the cryptocurrency market in general and will definitely influence the price of Binance Coin in a certain way. For instance, we are witnessing a cryptocurrency resurgence and know about the upcoming long global economic crisis. It doesn't mean that the prices can't be predicted at all because some of the upcoming events are highly probable. We can learn a lot from the past rises and falls of certain coins but many circumstances influencing the market are barely predictable. Predicting the future prices of these or that cryptocurrencies is not an easy task. ![]()
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