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BNB

BNB

Rank #5
$ 293.14
+ 10.3%
24H Low$264.96
24H High$302.19
24H Volume
2.5B
All-Time High(ATH)
$686.31
All-Time Low(ATL)
$0.03982
Market Cap
45.11B
Fully Diluted Valuation
45.11B
Market Cap/FDV
1
Circulating Supply
153.86M BNB
Total Supply
153.86M BNB
Max Supply
200M BNB
Market Sentiment
Positive
* Data from 3rd parties

BNB (BNB) Price Trends

Time period
Change amount
% Change
1H
$ -1.18
-0.40%
24H
$ 30.19
10.3%
7D
$ 44.95
15.34%
14D
$ 46.6
15.9%
30D
$ 76.54
26.11%
1Y
$ 59.81
20.4%

Live BNB (BNB) Price Update

BNB price today is $293.14 with a 24-hour trading volume of 2.5B, and as such BNB has a market cap of 45.11B, giving it a market dominance of 2.2%. The BNB price moved 10.3% in the last 24 hours.

BNB reached its highest price on 2021-05-10 when it was trading at its all-time high of $686.31, while its lowest price was recorded on 2017-10-19 when it was trading at its all-time low of $0.03982. The current lowest price since the last cycle high was $0.03982, and the highest price since the last cycle low was $686.31. The social sentiment of BNB is currently Positive.

The current circulating supply of BNB is 153.86M BNB. In terms of market cap, BNB is currently ranked 5.

About BNB (BNB)

BNB is a digital currency issued by Binance in 2017. The initially issued BNB is the ERC-20 token circulating on Ethereum Chain. After the Binance Chain was launched by Binance exchange in 2019, the ERC-20 BNB can be exchanged for BEP-2 BNB at the exchange rate of 1:1; In 2020, Binance launched the Binance Smart Chain (BSC) that operates in parallel with the Ethereum Chain. ERC-20 BNB can also exchange BEP-2 BNB on the basis of BEP-20 BNB.


How does Binance Smart Chain (BSC) Work?

Binance Smart Chain uses the PoSA (proof-of-stake consensus algorithm) consensus mechanism, which is a consensus mechanism between the proof of authority (PoA) consensus mechanism and the delegated proof of stake (DPoS) mechanism. The PoSA consensus mechanism has the advantages of fast block generation and low transaction handling fee. The consensus mechanism allows participants to become validators by staking a certain number of BNBs. The validators have the ability to create blocks and do not need to solve the computational problems in the PoW consensus mechanism. Validators take turns to generate blocks and get BNB as rewards. Every day, the network will re-elect. The validators need to continuously stake BNB to continue to be validators through election.

The PoSA consensus mechanism introduces the element of "stakes", so that the holders of stakes are qualified to become validators, and strengthens the degree of decentralization of the mechanism to ensure that the network has higher security and integrity.


What is Binance (BNB)?

Binance (BNB) is the native token of Binance Chain and Binance Smart Chain, with a total supply of 200 million. BNB can be used to pay the trading fees of Binance exchange, Binance DEX, Binance Chain and Binance Smart Chain, and can also be used in some on-line / physical stores, purchase goods, and book hotels and air tickets through specific websites.


Binance (BNB) Crypto Wallet

In addition to placing BNB in the Gate.io exchange to facilitate trading, BNB can also be placed in the crypto wallet.

Binance Chain Wallet is the official cryptocurrency wallet of Binance exchange. It can safely store BNBs and also access Binance Chain, Binance Smart Chain and Ethereum blockchain.

FAQs

1. What determines the price movement of BNB?

There are two schools of thought in determining the price of BNB.
By way of intrinsic value: This typically involves on-chain metrics, project metrics and financial metrics of BNB, collectively known as fundamental analysis. The law of supply and demand, tokenomics, use case, project roadmap as well as regulations and governance involved would affect the value of BNB from a long term perspective.
By way of price action: Primarily analyzed via candlestick chart patterns and technical indicators such as MACD, RSI and the bollinger bands, technical analysis forecasts the price of BNB on the basis that history tends to repeat itself. As the candlestick charts are a general representation of the emotion of the market, news announcements and community sentiment can be significant price action drivers for BNB as well.
Investors tend to prefer the long term nature of fundamental analysis, whereas short term traders tend to rely on technical analysis more. In reality, both analyses may combine and create interesting scenarios for BNB and the cryptocurrency market as a whole.

BNB (BNB) News

BNB (BNB) Announcements

Gate.io Supports Lend & Earn WNCG/HNT/BNB/BCH: Real-Time APR Reaches 489.68%!

Gate.io supports Lend & Earn WNCG/HNT/BNB/BCH. The high real-time APR ranges from 22.78% to 489.68%, and their borrowed percentage reaches 100%!
readings: 6177Posted:

Gate.io Supports Lend & Earn BNB: Real-Time APR Reaches 114.76%

Gate.io supports Lend & Earn BNB. The high real-time APR is 114.76%
readings: 8084Posted:

Gate.io Supports Upcoming BNB Smart Chain(BNB)Upgrade

According to the BNB Chain team, an BSC upgrade will take place at block height 29,020,050 , approx June 11 at 21:30 _UTC_. Gate.io supports this upgrade and will suspend BNB and BEP20 tokens deposits and withdrawals during the process. Deposits and withdrawals will be resumed as soon as possible af...
readings: 17537Posted:

Gate.io Supports Upcoming BNB Smart Chain Upgrade

According to the BNB team, BNB smart Chain upgrade will be activated on block height 22,107,423, estimated on 12 Oct. 2022 at 8:00 AM UTC. Gate.io supports this upgrade and will suspend BEP20 tokens deposits and withdrawals during the process. Trading of related tokens will not be affected. Deposits...
readings: 30775Posted:

Gate.io 關於支持 BNB 网络升級計劃的公告

According to the BNB team, BNB Beacon Chain upgrade will be activated on block height 234,560,000, estimated on April 12, 06:00 AM UTC. Gate.io supports this upgrade and will suspend BNB network deposits and withdrawals during the process. Trading of related tokens will not be affected. Deposits and...
readings: 47640Posted:

Gate.io Scheduled Future Upgrade & BNB Perps Split

To provide perpetual contract users a better trading experience, Gate.io will conduct the 100-for-1 split for BNB perps , scheduled from 15:00 ~ 15:59 UTC on May1st. During the process, the BNB perpetual contracts will have service interruption for about an hour. If you are affected traders and...
readings: 69696Posted:
Date
Market Cap
Volume
Open
Close
2024-02-20
$1.11B$54.13B$351.82N/A
2024-02-19
$757.17M$53.95B$350.17$351.82
2024-02-18
$933.33M$54.36B$352.83$350.17
2024-02-17
$1.58B$55.55B$360.96$352.83
2024-02-16
$2.13B$54.62B$355.03$360.96
2024-02-15
$672.49M$51.39B$333.85$355.03
2024-02-14
$739.14M$50.01B$325.11$333.85