About Binance Coin (BNB)
BNB Smart Chain (formerly Binance Smart Chain) is a blockchain network developed by Binance, the cryptocurrency exchange giant. This ecosystem hosts decentralized applications (dApps), decentralized exchanges (DEXes), GameFi platforms, and NFT communities. The BNB token now ranks among the top 5 cryptocurrencies by market capitalization.
The acronym "BNB" stands for "Build n' Build", reflecting the platform's core philosophy of continuous development. BNB Smart Chain has been a key catalyst in Binance's rise to market dominance.
Current Market Data for BNB
- Price: $662.9 USD (0.38% increase in 24 hours)
- Market Cap: $93.39 Billion USD
- 24h Trading Volume: $1.52 Billion USD
- Circulating Supply: 140.89 Million BNB
👉 Track real-time BNB price movements
Recent Performance Trends
- Weekly: +2.54%
- Monthly: -0.51%
- Yearly: +19.08%
Historical Price Extremes
- All-Time High: $794.3 USD (December 4, 2024)
- All-Time Low: $0.02141498 USD (July 14, 2017)
Trading BNB Safely
The most secure way to purchase BNB is through reputable cryptocurrency exchanges like:
- Binance
- Coinbase
- Kraken
First, you'll need to find a reliable broker and create an account. You can trade BNB directly from TradingView charts by connecting to your preferred broker.
Technical Analysis Insights
BNB's current technical ratings indicate:
- Today: Buy signal
- 1-Week: Buy signal
- 1-Month: Buy signal
Volatility Alert: Binance Coin shows 0.36% estimated volatility today. Always conduct thorough research before making investment decisions.
👉 Explore advanced BNB trading strategies
FAQ Section
Q: What does BNB stand for?
A: BNB stands for "Build n' Build," reflecting Binance's focus on continuous ecosystem development.
Q: Where can I buy BNB securely?
A: Reputable exchanges like Binance, Coinbase, and Kraken offer secure BNB trading options.
Q: How does BNB's market cap compare to other cryptocurrencies?
A: BNB consistently ranks among the top 5 cryptocurrencies by market capitalization.
Q: What was BNB's highest recorded price?
A: BNB reached its all-time high of $794.3 USD on December 4, 2024.
Q: Is BNB a good long-term investment?
A: While BNB has shown strong historical growth, all crypto investments carry risk due to market volatility.
Market Context Tools
For additional market insights:
- Cryptocurrency Gainers/Losers lists
- Market Cap comparison charts
- Circulating Supply rankings
- Cryptocurrency Heatmap for tracking market changes
Stay updated with the latest cryptocurrency news and market analysis to make informed decisions about Binance Coin and other digital assets.