Total Marketcap: $ 111,111,111
Change 24h: 22,222,222,222
Volume 24h: 3,333,333
Bitcoin dominance: 44 %
Crypto Info, Price, Review and Analysis
Binance Coin - BNB logo high resolution

Binance Coin (BNB)

Payment token for the Binance exchange

Binance Coin Price 1 Year
$ 367.7016
45.78 %
Market Cap: $ 607 M

5 Years

1 Year

3 Months

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BNB Explained

Introduction to BNB

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What problem does BNB solve?

Name: Binance Coin

Symbol: BNB

Following the growing popularity of cryptocurrencies, many companies are delving into the opportunity to cash in by rolling out their own crypto-tokens that can be used within their own ecosystem. The use of these tokens provides incentives like fee-cutting, free benefits, and loyalty rewards, and this attracts more and more users to the platform. Similarly, the cryptocurrency exchange was perhaps the first one to roll out their coin, by the name of Binance Coin.

Utility crypto-tokens are made to be used within the company’s ecosystem. The Binance Coin is a loyalty-based utility token that the users if can use. The token offers them a significant reduction in fees on sell/buy orders of up to 50%. The success of the coin is thus directly related to the performance of the Binance exchange (Binance Academy, 2018).

Coin Bureau: Binance Coin: BNB REALLY Worth It?? 🤔

What is BNB

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What does the cryptocurrency BNB actually do?

Binance Coin is relative to's performance, which is one of the best and largest among its kind. It is the biggest exchange and has rightfully earned quite the reputation among cryptocurrency users and investors. There are many crypto-coins listed and being exchanged on the Binance exchange. The platform maintains its repute and integrity by filtering out any coin that shows negative behaviour and is not suitable for the cryptocurrency community. Some of the indicators that become the reason for the fall out is lack of commitment of the team, low level of code and network quality, public acceptance and evidence of unethical business conduct. This is how Binance scrutinizes all cryptocurrencies that it offers (Binance, 2019 March 27).

Who is behind BNB

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What team is working to make BNB successful?

Keyword: Blockchain Crypto Exchange

Keyword: Cryptocurrency Exchange

Keyword: Bitcoin Trading

Keyword: Ethereum price trend

Keyword: BNB

The Binance Coin was formed under the leadership of It is an ERC-20 token and was proposed and launched by the founder of exchange, Changpeng Zhao. Changpeng has a history of working for crypto-currency related projects. He is the co-founder of (formerly known as and has also served as the Chief Technology Officer (CTO) of OKCoin, a platform for spot trading between fiat and digital assets (Ambler, 2018).

The team behind Binance coin is, in essence, the same as of Binance Company. The focal person is Changpeng Zhao (CZ), who founded Binance in 2017 and is responsible for its success (Forbes, 2018).

BNB Development

BNB Code Progress Analysis

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How did much the BNB developers work on their coin over the last year?

The code development is currently being directed towards the creation of a decentralized exchange (DEX). Binance is also working hard to enhance the Binance Chain and its genesis block (the first block on their Blockchain) was mined on April 18, 2019. Binance wants to get ahead of other Blockchain companies and capture the market to have a heads up. The plan is to use BNB coin on the decentralized exchange but still wants to have a say in what altcoins can be listed and traded on the exchange (Binance, 2019 March 23).

In another major development, Binance redesigned their website recently in June 2019. It offers an enhanced interface and an easy-to-use version of the website (Binance, 2019 July 13).

BNB Community

BNB Public Interest

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How many people did search on Google for BNB indicates how many new people first heard from BNB

Search Engine:

Region: Worldwide

Searchterm: Binance Coin

Peak Popularity: 10. May 2021

The cryptocurrency exchange is one of the largest and widely used, and it continues to gain momentum with each passing day. As things are going, it is pertinent the Binance will remain one of the biggest crypto-exchanges and will resume attracting businesses and users in the future. The company is also striving to maintain its integrity and trust within the user community. The recent act of creating the ‘Safu’ fund (Secure Asset Fund for Users), which is meant to be used in any occurrence of asset theft on the platform, has been very well received by the general public.

Binance, being a pioneer-company of cryptocurrencies, is maintaining its ambition to work towards the betterment of the cryptocurrency community. It is working on many different projects, including the development of a decentralized exchange (DEX).

Binance is already seen as a mark of excellence in the cryptocurrency field. It is an embodiment of all ambitious ideas and has maintained its position as a leader in the market. The potential of the Binance coin is directly linked with the platform’s performance and it can increase after the coin gets used in many different projects that are in the company’s pipeline.

Google Trends is a tool that shows how many people search for a specific search keyword worldwide compared to its peak. The more people search for Binance Coin on google, the higher the Google Trends curve rises. The Google Trends search data is based on the search keyword Binance Coin Binance Coin had its peak interrest 1 ago. At that time, more people searched for Binance Coin than anytime this year. The interrest of newcomers for Binance Coin seems to be sinking, which is awful!

BNB Sentiment Analysis

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How positive/negative are people on different crypto-related subreddits talking about BNB

Based on:

Positive/Negative Posts Ratio: 3:1

Lately, different crypto platforms have suffered cyber-attacks, and is no exception. On March 7, 2018, there was an attempt by hackers to steal money and other digital assets from user accounts. The method they used is referred to as the ‘phishing’ method, where they created a web page similar to Binance’s official webpage and tried to lure users into entering their confidential user account information into their database. However, the news broke out soon and Binance’s security caught it early enough to prevent any major loss (Xie, 2018).

The latest news about Binance is that they have released their own stable coin by the name of BGBR on 23 March 2019 (Binance, 2019 July 27). This was after the Tether scandal unfolded. Tether Foundation could not verify their fiat currency reserves to back the amount of Tether Tokens, and this had received a backlash from the public. Amidst the crises, Binance CEO had announced to roll out their own stable coin (Crypto Traders News, 2019).

Sentiment Analysis uses Machine Learning to analyze whether a post on reddit is written with joy or anger. The more excited people are about a project, the more positive posts there are on reddit. If a project behaves scammy, negative posts dominate. A good indicator is the positive-to-negative post ratio. For every 3 positive post about Binance Coin, there are 1 negative posts, which is a bad ratio. A recent post mentioning Binance Coin with a lot of positive feedback was posted in r/CryptoCurrency by u/LGNDS_Crypto: Passive Income, Active Income, and All the Different Ways to Get Crypto!

BNB Enthusiasts Analysis

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How did the community of enthusiasts that follow BNB closely develop over the last year?

The Binance team is active on social media platforms. Even the CEO of Binance, tweets frequently which help in raising the positive sentiment towards the cryptocurrency exchange. In order to maintain and strengthen company-community interaction, Binance has also started competitions, which is intended to allow its users and members of the community to participate and get rewarded for their efforts.

BNB Price Analysis

BNB Price Overview

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Key price metrics such as All-Time-High (ATH) and Market-Cap of BNB

Rank: 4

Price: $ 367.7016

Volume (24h): $ 607 M

Binance is not new to the crypto-world and has maintained its position as one of the most popular crypto-exchanges. It is for sure, a huge force in the market. Not only in regards to its exchange, but its Binance Academy is looked up to as a centre of knowledge. Another initiative by the name of Binance Labs is researching future development possibilities about the Blockchain technology.

In 2018, it partnered with Trust Wallet and acquired the company. Trust Wallet was a wallet app used to store cryptocurrencies. It also partnered with Certik in the same year, which is a Blockchain and smart contract verification platform. This enhanced the security of the listed tokens on Binance. was another venture Binance jumped into, through which the users could spend their BNB tokens to make transactions on the website.

In late 2018, Binance announced their collaboration with This announcement was intended to enable investors to contribute their BNB tokens to their loan programs. The year 2019 saw the unveiling of Binance and partnership which was made to improve data protection through KYC (Know Your Customer) and AML (Anti-Money Laundering) programs.

If we talk about only the Binance ecosystem, no substitute for Binance Coin has been created for now that could offer reduced transaction fees. However, on other exchanges, Binance Coin cannot be used. Some exchanges have their own utility tokens that can be considered substitutes to the Binance Coin, for example Huobi Token.

Binance Coin had its all-time-high (ATH) at 7. November 2021 at a price of $ 2,466.699. Today, Binance Coin is traded for $ 367.7016, which is a -85.09 % drop from the previous ATH. If you had bought Binance Coin 1 year ago, you would have made a gain of 45.78 %. Going even more back, if you had bought Binance Coin 5 Years ago (or at the first possible chance), you would have made a gain of 341,449.18 %.