Binance Coin (BNB) is the primary token of the Binance exchange, utilized for transaction fees and rewards within the platform. With a maximum supply of 200 million tokens, more than 153 million BNB tokens are currently in circulation. The market capitalization of BNB exceeds $91 billion, reflecting a significant surge in value from $290 in January 2024 to $724 in June of the same year. The price metrics and tokenomics of BNB demonstrate its growing popularity and market performance.
Binance Coin Tokenomics and Price Analysis
by Giorgi Kostiuk
2 years ago
0
Other news
LayerZero's New Blockchain Zero Drives ZRO Token Surge
LayerZero Labs has launched its new L1 blockchain, Zero, resulting in a 40% increase in the value of its native token ZRO, reaching a four-month high.
Stablecoin Market Cap Dips Amid Bearish Trends
The stablecoin market cap has recently declined, indicating potential bearish trends in the cryptocurrency sector.
Bitcoin Sentiment Remains Bearish Despite Price Recovery
Despite a recent price recovery, social media sentiment around Bitcoin remains largely negative, according to analytics firm Santiment.
Significant Variability in Stablecoin Conversion Costs Across Africa
Significant variability in stablecoin conversion costs across Africa, with January's median spread reaching nearly 300 basis points.
Coca-Cola Stock Gets Bullish Ratings from Analysts
Coca-Cola has received buy ratings from major analysts including Morgan Stanley and Citi, predicting a significant rise in the stock's value despite recent revenue misses.
Regulatory Ambiguity Affects XRP Market Sentiment
Discussions in Washington regarding crypto policy have left traders cautious due to regulatory ambiguity.
Be the first to know about crypto news every day
Get crypto analysis, news and updates right to your inbox! Sign up here so you don’t miss a single newsletter