Binance Coin Price
Read everything about the Binance Coin Price.
- Binance Coin
- Price $212.48
- Market Cap
Follow the Binance Coin price in euro, dollar and pound
If you are looking for the Binance Coin price in US dollars, Euros or British Pounds, then we have all that you need. In the widget above, you can find the price trend and the current Binance Coin price in three major fiat currencies USD, EUR, and GBP.
You also have the option to change the view of the graph for a different period to have a better understanding of the chart. To do this, change the time interval on the top right corner to 1D, 7D, 1M, 3M, 6M, and 1Y. By default, 1M is selected, and the graph is showing the Binance Coin value for one month. The daily, weekly, quarterly, biannually, or annually BNB trend can be viewed in the same graph.
At the bottom of the widget, you will find the information related to the trading volume of the Binance Coin for the set period. From this visual, you can understand when the trading frequency was changing.
BNB price in euros, dollars and pounds
It becomes frustrating when you have to juggle multiple pages to get all the required information. If you can get an overview of the daily, weekly, and monthly performance of BNB, you don’t need to visit multiple pages. In the widget below, we are displaying the most desirable information by an investor.
You can see daily, weekly, and monthly percentage change in the price of Binance coin. You can also find the latest price of BNB in three different currencies, including EUR, USD, and GBP. Highest and lowest price, total circulating coins, market capitalization, volume in the selected currency, and the last price in the last 24 hours can be seen in the table below.
Note: There can be a difference of a few dollars and euros in prices, because the price data is provided by two different companies.
The history of Binance Coin’s price
BNB was created by the cryptocurrency giant Binance in 2017. The fundamental philosophy behind creating the Binance Coin was to allow the traders to use these tokens on the Binance exchange to get discounts on their trades.
As the cryptocurrency industry expanded at a rapid speed, many cryptocurrencies emerged along the way, and few stood out from the crowd while some of them disappeared in the noise.
Binance launched an ICO of the BNB token in July 2017 and sold 100 million tokens at 0.15 US dollars per coin. It made the company 15 million US dollars in a matter of a few days.
The Binance Coin price stayed stable at around $10 for most of 2018 except the second week of January when it reached $24.40. However, there were times when it did not resist the bearish market behavior and went as low as $5.61.
2019 was a reasonable year for BNB. It hit many high prices along with some losses along the way, but overall, 2019 went well for the coin. Binance Coin started the year with a slow improvement so, there was not much to brag about in the beginning. The first quarter was a real hit for the token as the Binance Coin value went from $5 to $17+ per BNB in a matter of three months. It translates to a whopping 200% profit in a fair amount of time.
In the first quarter of 2019, Binance gained an acceptable reputation in the market and was listed on three more cryptocurrency exchanges. Its parent exchange had a positive impact on the Binance Coin price as well when the company started selling Binance Lite to over 1300 agents in Australia alone.
Binance is burning coins every quarter to bring its circulating supply of 200 million tokens to 100 million tokens. The company is doing it to reduce the supply of the tokens which will increase the price in the long run.
If you check the overall performance of Binance Coin in the year 2019 it was great. Binance secured second place with 87% increase in price among the top ten cryptocurrencies.
Binance Coin historical prices
If you find all the relevant information in one place you can skip the hassle of going back and forth to find relevant information on several pages. In the table below, you will find the Binance Coin price changes and trading volume change for a whole week. It will give you a clear picture of the situation of the coin in the market.
How is the Binance Coin price established?
The price is increased or decreased based on the supply and demand of any asset. If there is an ample amount of product available in the market and not enough buyers to purchase the product, that means the price will go lower. Moreover, if many buyers are willing to buy a specific product and there is a shortage of supply of that product, then the price and value of the product will increase in the market. It means people are willing to pay more to get the product. The cryptocurrency world is no different.
The reputation of the company and the products or services it is offering, matters in establishing a price. If a company offers a coin and there has not been any hacking incidence happened, then there are chances that people will have more trust in the company and will buy the coins confidently. However, when a scam or hacking incidence happens it reduces the value of the token and so the price.
Binance Coin price prediction
The Binance Coin price prediction is a whole different science, and even many professionals fail at it. You cannot predict the future, but guess the future based on past events and current situations. If you are looking for a price prediction of the Binance Coin, then you are taking yourself to a world of fantasy. Cryptocurrencies are volatile and unpredictable. No doubt, the future of digital currencies is bright, but you cannot expect to predict the Binance Coin price. If someone is saying that a specific cryptocurrency will be valued at a certain price in the future, then you are dealing with a scammer.
When predicting the price of BNB, you have to know the usabilities of the coin. BNB started out as a mean to get a discount on the trades. Binance is trying to increase the demand to create more usabilities of the coin:
- BNB migrated to its own blockchain.
- BNB Coin is needed to participate in IEOs.
- BNB is used to get a discount on trades and futures trades.
- BNB is needed to get a higher commission as an affiliate.
- BNB can be staked.
And we believe that there will come many more features in the future.
What do you need to take into account with the Binance Coin price?
Cryptocurrencies are risky assets. Make sure you take into account all the risks involved with them to avoid unpleasant events in the future.
It is advised by many professional investors that when it comes to cryptocurrencies, do not invest more than what you are willing to lose. There are huge returns but at the same time big losses in digital currency trading. So, invest wisely.
Frequently asked questions about the Binance Coin price
How often is the Binance Coin price updated?
The BNB price is updated instantaneously. Although, sometimes there is a negligible delay of a couple of milliseconds in the price update.
In what currency is the BNB price displayed?
In three major fiat currencies, US dollars, Euros, and British Pounds. You can switch to any fiat currency you desire.
How far can I look back in the past?
You can see the price trend of the coin for the past one year. You can change the time interval during the past one year to see the price variation.
What other information can I see?
Market capitalization, highest and lowest prices, trading volume, circulation supply, and change in price can be seen on this website.