BNB Price Analysis February 2022

BNB is a coin of platform BINANCE. Its current price is around $401.95 by writing, with a low of $190.41 in 2021 and a market cap of 66.3 billion dollars.

What is BINANCE?

Binance coin is the cryptocurrency from Binance and trades with a BNB symbol and is one of the fastest-growing exchanges globally. It runs on the Ethereum blockchain using an ERC 20 token standard. Binance was created as a utility token with discounted trading fees, but now it can be used for payments to different vendors.

Changpeng Zhao founded it in 2017, and its native coin, BNB, powers it. BINANCE has several features that make it stand out from other exchanges. It has a strong focus on security and the safety of customer funds. Since its establishment, it has never been hacked, and it uses two-factor authentication for withdrawals.

What is BNB?

BNB is the coin of the BINANCE platform, which is around $401.95 by the time of writing, with a low of $190.41 in 2021. Its current ranking is #4 according to CoinMarketCap, with a market cap of 66.3 billion dollars.

BNB reached a high of $690.93, with a low of $190.41. BNB is an excellent utility token. The current crypto landscape, coupled with Binance’s success and stability, creates a perfect environment for this token to thrive.

BNB Coin Market Analysis 

BNB has a max supply of 165,116,760 coins worth around $401.95 with a market volume of 1.6 billion dollars, whereas the market capitalization is 66.3 billion dollars at writing. 

BNB Price Prediction

On the 1w timeframe, BNB was consolidating in a rectangle channel where the price action got rejected twice from the resistance level and currently going up from the support key level.

For any time, on-demand analysis on $BNB or any other coin can join our Telegram channel.

Bnb Price Prediction
BNB Price Prediction

Here are some of the best exchanges to buy BNB.

Nothing in this article is financial advice, and you should only invest in the market you believe is suitable for your portfolio.

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Pratyaksh