Founded by Changpeng Zhao in 2017, the Binance platform has become the world’s largest cryptocurrencies exchange in a very short span of time. Its token called Binance Coin (BNB) has drawn major interests from leading market players for its potential to give Bitcoin & Ethereum a run for their money. BNB can be used for both micro and macro transactions and is a faster mode of payment. The decentralized Binance platform empowers users to gain full control over their money and assets. With the launch of Binance Chain recently, the team of BNB aspires to increase its usage and popularity manifolds, and the news has already started showing positive results.
The ROI of Binance Coin is over >9000% currently. With a market cap of over 3,249,290,821 USD as on April 25, 2019, at 12:44:01 UTC, the coin is ranked 7th in the top 100 cryptocurrencies list by the CoinMarketCap and is going to move past EOS & Litecoin to make it to the top 5 very soon. The price of BNB is now trading at 23.02 USD & 0.00425720 BTC, the 24 h volume is 267,427,744 USD, and the circulating supply has reached 141,175,490 BNB as against the total supply of 189,175,490 BNB.
As indicated in the graph, Binance Coin has been showing a consistent growth curve since some time now. An upward trend of over 33% has been seen in the past one month. As on March 25, 2019, at 05:34:02 UTC, the price of the coin was 17.25 USD & 0.00429234 BTC, the 24 h volume was 315,066,736 USD, and the market cap was recorded at 2,435,137,064 USD. In the past 90 days, the highest price of the coin has reached at 25.53 USD and the lowest at 6.03 USD. The past 30 days have shown a rather steady movement with the highest being 25.53 USD and the lowest being 16.05 USD. The lowest was reduced to 20.61 USD in the past 7 days while the highest price was maintained the same.
Binance Coin has made a point to remain in the news for all the positive reasons. Recently, the coin has been added by Chainalysis for tracking real-time transactions regularly. On 26th April 2019, the team of BNB is hosting Binance Manila Meetup at BlockChainSpace in Makati to discuss the future of Cryptocurrency world with participation from some of the renowned thought leaders from across the globe. The event has already got major traction from users and the community of followers and is expected to lead to the successful growth of the platform. From a 2-year perspective and with the latest technological advancements the platform has made, the price can reach as high as 50 USD and can touch over 100 USD in the next 5 years.