Swap Binance Coin (BNB) Instantly

Binance Coin has grown significantly since its creation and became one of the most valuable cryptocurrencies on the market. Binance coin price reached its all-time high of $39.57 on June 22, 2019. The first half of 2020 has been volatile for Binance Coin. At the start of January, Binance Coin price was $13.80 and it continued to grow till mid-February to $25. When the COVID-19 pandemic struck the whole market, Binance Coin price dropped to single digits in March. Despite the fall, BNB price picked up a steady pace in the second quarter of the same year and closed in June at around $15.

Binance coin price predictions are mostly on the brighter side. Experts predict that Binance Coin price will sky-rocket in the long run and by 2025 BNB price will be around $50. We even heard crypto analysts hinting that in the same period, BNB will be crossing the hundred dollar mark. For sure, it’s too early to predict the Binance Coin price for 2030 but we expect that it would reach new heights if Binance continues the same pace in terms of the developments and acquisitions.

Binance Coin is a cryptocurrency native to the popular exchange Binance. Initially, it was launched on the Ethereum Network as an ERC-20 Token. The token drew the attention of the investors well and collected $15 million in its ICO held in July 2017. Later, in 2019, Binance Coin was migrated to the Binance Chain which was developed to support the Binance DEX (Decentralized Exchange).

BNB is the trading ticker for the Binance Coin. Tendermint is used as a consensus mechanism and the block size is capped at 1MB in the Binance Chain. To keep the value of the BNB intact, Binance conducts quarterly burns until the supply of Binance Coin reaches 100 million. Binance Coin is a utility token which is mainly used to pay fees on the Binance exchange at a discount and also fuels the reward system. Besides, BNB powers smart contracts on the Binance Chain. BNB is also widely accepted by merchants online as a means of payment.