![]() ![]() But how does the perception of a good Binance Coin price change over time? Binance Coin today is trading at almost $10. It’d be simpler to say that people are willing to pay for BNB only what they think it’s worth. The less BNB is available on the market, the rarer it becomes and the higher price people are willing to pay for BNB. The more people buy BNB, the less of it is available on the market. The more desirable BNB is, the more people will buy it. The price of each BNB coin is determined by the laws of supply and demand. Like gold, there is only a certain amount of Binance Coin available in the market, 141 million BNB to be exact. Though it doesn’t have a physical form, Binance Coin worth is derived from the same market forces which determine the value of tangible assets like gold. Why Binance Coin Prices Rise and Fallīinance Coin is a digital asset. We’ll talk about Binance Coin value for the rest of 2019, and beyond. To find out what we think, read the Binance Coin predictions to come. The only question remains is whether or not Binance Coin BNB will keep its edge, hold its value, and remain a coin to follow for years to come. ![]() Following its introduction to the market, BNB prices beat most expectations, and BNB continues to sit atop the markets today, even after months of crypto bear market action.Ĭlearly, Binance Coin has found an audience. The first wave of Binance Coin investors benefited greatly from their early adoption of BNB. It can be traded at any cryptocurrency exchange that supports it, just like Bitcoin BTC all altcoins. It’s also tradable against other cryptocurrencies and altcoins, so BNB has value outside of the Binance ecosystem. Meant to give traders an incentive to use the Binance Exchange, BNB allows holders get discounts on trading fees. Binance Coin BNB is the first of a class of broker/exchange-specific cryptocurrencies which emerged in 2017, and which continues to offer niche benefits to investors today. ![]()
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