Binance Coin Price (BNB)

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$606.54-0.68%1D
PrimeXBT
BNB
USD
1 BNB =$606.54Last updated:
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Price of Binance Coin (BNB) today

As of the latest data, Binance Coin (BNB) is currently priced at $606.99 with a market capitalization of $87.85B. The 24-hour trading volume stands at $1.64B, The circulating supply of Binance Coin is approximately 147.59M. The cryptocurrency has seen a -0.5% decrease in value over the past 24 hours.

About Binance Coin (BNB)

Binance Coin (BNB) is a cryptocurrency with a short summary that highlights its key features and technology. The asset is associated with various technologies that make it unique in the digital currency space. BNB has a strong presence on social media platforms like Twitter and Reddit, allowing users to stay updated on the latest developments. The asset also has a whitepaper available for those interested in a more in-depth understanding of its purpose and functionality. With a logo version 2 and an updated timestamp of 1,699,926,735, Binance Coin continues to evolve and adapt to the changing landscape of the cryptocurrency market.

How does Binance Coin work?

Binance Coin (BNB) operates as a decentralized cryptocurrency on the Binance Smart Chain, a blockchain network that enables peer-to-peer transactions without the need for intermediaries. Utilizing a proof-of-stake consensus mechanism, BNB holders can participate in network validation and governance, ensuring the security and efficiency of transactions. Binance Coin offers unique features such as low transaction fees, fast processing times, and smart contract capabilities, making it a versatile asset for various use cases including decentralized finance (DeFi), token creation, and cross-border payments. Unlike traditional financial systems, Binance Coin provides users with greater control over their funds, privacy, and transparency, while also fostering innovation and collaboration within the blockchain ecosystem. Its potential applications span across industries such as gaming, supply chain management, and digital asset trading, showcasing the versatility and scalability of Binance Coin in the evolving landscape of digital finance.

How to keep your Binance Coin (BNB) safe?

To keep your Binance Coin (BNB) safe, consider using hardware wallets like Ledger which offer enhanced security measures such as offline storage and two-factor authentication. Trusted platforms like Nexo, EarnPark, and YouHodler also provide secure storage options for your BNB, with features like cold storage and insurance protection. By diversifying your storage options and utilizing reputable platforms, you can better protect your BNB from potential security threats.

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Sentiment about Binance Coin (BNB)

Social media platforms are indicating a positive sentiment towards Binance Coin. The sentiment score, which represents the balance between positive and negative posts weighted by interactions, is broken down as follows:

• Reddit posts show 80%

• YouTube videos show 92%

• TikTok videos show 58%

• On X (formerly Twitter), sentiment towards Binance Coin varies. Approximately 39.58% of tweets express bullish sentiment, 2.03% express bearish sentiment, and 58.39% remain neutral. These sentiments are based on 1.06M tweets.

These findings are based on a total of 1.07M interactions over the last 24 hours, involving 731 unique social contributors to the topic.

This aligns with Binance Coin's market performance; it is currently priced at $607.48 with a market capitalization of $87.85B.

In addition, in the last 24 hours, the price decreased by -0.52%. Market data suggests a bearish sentiment, indicating a negative outlook for the cryptocurrency.

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