Binance Coin [BNB] Price Analysis: Here’s What Makes it a Good Investment

Binance Coin (BNB), the original token of one of the top cryptocurrency exchanges, is rising in popularity, value addition and market value.

Binance Coin [BNB]: Analysis of bulls

It has been less than a year since Binance Coin (BNB) has entered the market through the ICO organized by the Cryptrocurrency Exchange Binance. On July 25, 2017, the BNB is trading at about $ 0.1. Today, its value has reached the level of $ 14.92. In the middle of January it reached $ 24.46 at one point.

To define the Binance coin, it basically fuel the exchange ecosystem. It can be used to pay any type of fees like listing fees on business fees and bills. If we look at the value of the BNB, it has increased to 6.45 percent while sitting at $ 14.92 while writing. In the last one month, the Binance Coin has risen more than 12 percent.

When it comes to the last three months, according to the chart shown below, BNB has increased through various fluctuations. Starting at $ 13, BNB has increased by more than 14 percent in these months.

As nearly as the annual part, as you can see in the chart below, it has continually stirred upwardly. From an investor's point of view, the Binance Coin definitely holds the price because it climbs.

Despite the recent sale, the Binance Coin (BNB) firm stood. Utility tokens, especially exchange tokens, are widely broadcast and used in the cryptosystem, making them more attractive.

Wide market value

BNB is the 15th largest coin of the world, with a market capitalization of more than $ 1.7 billion, while according to the coinmarket, daily $ 75 million trading volumes are managed. In the last 24 hours, BNB has registered the highest trade volume against the following coins.

Being one of the most popular and top cryptocurrency exchanges, Binance has a large user base that connects the growing BNB usage. It has been in news continuously as it offers more liquidity for other coins by presenting its BNB business pair. This point goes forward in the value of BNB. Unlike other cryptosyurs, this coin actually provides stability and gives them ease.

Other exchanges are also taking their actions in this coin as they have started listing the BNB. Apart from this, with Binens CEO, Changpeng Zhao's latest tweets, he is definitely not so subtle in order to work on his broad adoption.

He further tweeted:

"I wonder if the gateway providers will know that they can begin to tap into one of the highly targeted and available largest user bases by supporting BNB."

Now, when the Binance increases its geographical boundaries and is planning to complete a much wider audience, then the BNB market is going to increase in more use with cryptocurrency new entries. The way the binnes are moving, the BNB will follow only then.