Binance Coin (BNB) Release Time

Launched on July 14, 2017, Binance Coin (BNB) is the native token of the Binance exchange and was initially sold in an ICO for $0.15, raising a total of $153 million.

Binance Coin (BNB) Release Time

Binance Coin (BNB) was released in July 2017 Released on the 14th .

Details:

• In 2017, Binance exchange launched BNB as the native token of its platform.
• The Initial Coin Offering (ICO) was held from June 26 to July 3, 2017.
• BNB was sold at $0.15 during the ICO, raising a total of $153 million.
• The token was officially issued on July 14, 2017 and listed for trading on the Binance exchange.

BNB Price Analysis

As of 11:00 AM on October 16, 2024, the price of BNB is $594.44. Trading volume in the past 24 hours was $2.03 billion. BNB is up 1.47% in the past day.

Price Movement Factors

The recent price increase is driven by a series of positive factors, including:

• Continued growth of the BNB chain: BNB Chain is the underlying blockchain of BNB, which has been in a state of expansion recently, with new applications and users constantly joining.
• Confidence in the Binance Ecosystem: Binance is the world’s largest cryptocurrency exchange and BNB is its native token. Confidence in Binance also boosted demand for BNB.
• Macroeconomic Environment: Overall cryptocurrency market sentiment has improved recently, which has also helped drive BNB price higher.

Future Trend Analysis

BNB’s short-term prospects are generally positive. Continued confidence in the Binance ecosystem and strong growth of the BNB chain are expected to continue to drive its price. Additionally, a favorable macroeconomic environment may also provide support for BNB.

Recommendations

Under current market conditions, investors may consider the following strategies:

• Buy on dips: If BNB price A pullback occurs and this could be a good opportunity to buy on the dip.
• Hold for the long term: Those who believe in BNB’s long-term prospects may consider holding their investment for the long term.
• Keep an eye on the news: It is important to constantly monitor news and events that impact the price of BNB.

Short-Term Trend Forecast

The BNB price is expected to continue to rise in the coming days. Strong market sentiment and the continued growth of the BNB chain will continue to support its price.

Indicators

• Current Price: $594.44
• 24 Hour Volume: $2.03 billion
• Market capitalization: 86.747 billion US dollars
• Circulating supply: 145,931,797.91 BNB

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