Technical analysis shows that Binance Coin is expected to range between $578.68 and $946.94, with an average price of $657.60 in 2024. However, if you buy Binance Coin at the current price of $657.90, your potential ROI in 2024 is 0.
BNB Binance Coin or what it symbolizes, is a native digital currency of the Binance cryptocurrency exchange platform that was created on the Ethereum blockchain using the ERC20 standard. Its primary goal is to support exchange operations while providing convenience and affordability to traders and cryptocurrency enthusiasts.
Binance cryptocurrency exchange platform plans to eliminate half of the circulating BNB coins. As we mentioned at the beginning of the article, the main goal of BNB is to support cryptocurrency exchange operations and enable the Binance ecosystem to expand further. Currently, BNB can be used for merchant discounts and in many stores and entities that accept it as a payment currency.
