What is Binance coin?
*Binance is currently the world's second largest cryptocurrency exchange, with around $6 billion in assets traded in an average seven day period. Binance's rise to the top has been swift. Since its launch in July of 2017, Binance has grown at a rapid rate. Even in the current bear market users continue to sign up with the exchange. binance was one of the first exchange to reactivate user registration at the peak of the 2017 bull market.
*Binance is also the name of a crypto coin (BNB) traded and used on the binance exchange. since the ICO, the value of BNB has risen with the growth of the exchange. BNB is now among the top 30 cryptocurencies in the world by market cap.
*Along with the launch of the exchange, Binance launced an ICO. BNB is an ERC20 token built on Ethereum. The total supply is limited to 200 million BNB, after which no more coins will be created. You can use BNB to pay your fees on the Binance exchange. while you can still choose to pay your fees in the cryptocurrency you're exchanging, Binance offers a rebate as an incentive to pay fees in BNB.
Who created Binance Coin?
*Binance coin was created in 2017 by Binance, which is currently the leading cryptocurrency exchange world wide. The name 'Binance' has a simple origin, it is simply combination of the words 'Bitcoin' and 'Finance'. The company was founded in 2017 in Hong Kong, but soon after moved its operation to multiple locations around the world such as Malta and the Cayman Islands in response to China's tightening regulations on cryptocurrencies.
How many BNB coin are in circulation?
* According to the Binance project whitepaper, the BNB coins burns will continue to occur every quarter until there are 100 Million BNB left out the initial 200 million issued during the ICO bank in 2017. According to coin market cap, Binance Coin currently has a total supply of 176,406,561 BNB with 144,406,561 in circulation
BNB Binance Coin Main Information
*Binance Coin is a crypto developed and issued by binance owners. Binance is the largest cryptocurrency exchange as of today. At first, BNB was backed by Ethereum blockchain, but that switched back to Binance solutions. This digital currency was launced back in 2017 and its potential limit it two hundred million tokens. the creators of binance coin currently hold up to 40% of its tokens.
*At firsrt, BNB developers planned to use it as a utility currency for covering discounted trades expenses. However, this crypto started growing and improving. Nowadays BNB is reliable digital currency that can be used in many places online for buying various services and products.
Here are some of its main benefits:
1.This is highly liquid crypto, which pairs with more than 400 other cryptocurrencies;
2. Binance as a trading site has an impeccable reputation, which made it the biggest exchange of today;
3. BNB developing team monitors it closely to prevent high inflation;
4. Lower commissions are accessible for Binance coin users, which is a great deal;
5. A certain percentage of BNB is burned regularly to maintain the system and ensure the stability and value of this crypto.
Binance exchange users can get the most from utilizing BNB within this ecosystem. it is profitable to simply have a certain amount of Binance coin stored safely in your digital wallet.
Future analysis of BNB coin
*Now BNB support at 358-360 if we don't hold this support area next strong support at 320-322 next support at 261 next support at 210.
*Now BNB resistance at 384-386 if we break here with volume and hold this area next resistance at 410-412 next resistance at 429-432 next at 459-461 next strong resistance area at 537-540 next at 668-681.
*BNB is good for long term. it is a exchange coin it has own blockchain now launch many coin thru own blockchain many sale run thru BNB on binance exchange.
*In next 3-5 years it will give 5-10x return. Always try to invest long term because it has great potential already gave more than 100 times return to investor.
* Always keep in mind don't invest all your amount in single coin always diversify your portfolio. I have already share some coin future analysis want any coin analysis leave comment on post i will try to post on it share my site to beggnier it helps a lot .
