BNB is a coin of the Binance platform. Its current price is around $288.57 in writing, with a minimum of $216.36, and it has a market cap of $47 billion.
What Is Binance?
Binance is an online exchange that offers the services to trade cryptocurrencies it supports, with their most common Bitcoin and Ethereum quotes. In addition, they have a crypto wallet for traders to store their electronic funds and offer support services for users. Binance’s interface is simple, but the number of buy and sell choices can be overwhelming for someone new to this trading platform.
What Is BNB?
BNB is the currency of the Binance platform, which is around $288.57 at the time of writing, with a minimum of $216.36. It has reached a high of $669.35 and its current ranking is #5 according to CoinMarketCap, with a market cap of $47 billion. BNB Coin is a cryptocurrency that can be used to pay transaction and trading fees on the Binance exchange.
Analysis of the BNB coin market
BNB has a maximum bid of 165,116,760 coins worth about $288.57 with a market volume of $1 billion, while the market cap is $47 billion at writing.
BNB Price Forecast
BNB coin has proven to be able to withstand the altcoin market. In the 1D time frame, the price action of $BNB/USDT formed an ascending triangle chart pattern. The price is consolidating within the triangle. We have to wait for a breakout or a breakdown to confirm his next move.
Conclusions
Discipline and patience are the most important components of a successful trade. According to the above analysis, the coins we just discussed could make you earn decently if other market conditions prevail favorably. Again, it’s your hard-earned money that you’ll be using. Do your research before investing.