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BNB

BNBUSD
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743.300

-1.800-0.24%
TradingKey Chart
Time
1m
15m
30m
1h
4h
D
W
M
D

Today

-0.32%

5 Days

-5.48%

1 Month

+2.53%

6 Months

+25.01%

Year to Date

-14.00%

1 Year

-42.87%

Key Data Points

Opening Price

744.100

Previous Closing Price

745.100
Price Range of the Day
720.400746.000
52-Week Price Range
535.3001314.400
Recent
Analysis
BNB (BNBUSD) Is down 2.46% on Oct 13: Key Drivers to Watch

• BNB price declined due to broader risk-off consolidation and macroeconomic uncertainty. • Technical resistance and derivatives leverage reduction triggered systematic short-term profit-taking. • Core on-chain metrics remain stable despite the short-term market contraction.

TradingKey15 hours ago
BNB (BNBUSD) Is up 1.39% on Oct 11: Key Drivers to Watch

• BNB was included as the largest asset in the CME Emerging Crypto Index. • Ecosystem growth, tokenization, and gas fee-burning mechanisms supported fundamental value accrual. • Anticipation of the scheduled quarterly automated token burn incentivized spot accumulation.

TradingKeySun, Oct 11
BNB (BNBUSD) Is up 1.00% on Oct 10: What Do On-Chain Data and Market Sentiment Show?

• BNB capital inflows accelerated due to growing tokenized real-world assets adoption. • Traders positioned ahead of the scheduled 37th quarterly BNB Auto-Burn. • Stabilizing global liquidity and moderating Treasury yields supported large-cap digital assets.

TradingKeySat, Oct 10
BNB (BNBUSD) Is down 1.98% on Oct 7: What Do On-Chain Data and Market Sentiment Show?

• BNB faced profit-taking after failing to break the crucial $800 resistance level. • Derivatives liquidation and macroeconomic headwinds added downside pressure and suppressed token momentum. • Technical indicators show neutral signals alongside an oversold Williams %R reading.

TradingKeyWed, Oct 7
BNB (BNBUSD) Is down 1.13% on Oct 6: What Do On-Chain Data and Market Sentiment Show?

• BNB dropped following a technical rejection near the 800 resistance level. • The upcoming quarterly auto-burn is largely priced into current valuations. • Macroeconomic caution and fixed-income yields reduced risk appetite for digital assets.

TradingKeyTue, Oct 6
BNB Price Forecast: Derivatives back bullish upside continuation

BNB (BNB), formerly known as Binance Coin, edges lower, trading around $790 on Monday after posting three consecutive weekly gains. Rising Open Interest (OI) and positive funding rates suggest that bullish positioning is strengthening in the derivatives market.

FxstreetMon, Oct 5

BNB Technical Analysis

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Technical Indicators

Strong sell

Summary

Sell

Moving Average

Neutral

About BNB

Launched in July 2017, Binance is the world's largest cryptocurrency exchange by daily trading volume. It aims to position cryptocurrency exchanges at the forefront of global financial activity. The name "Binance" is derived from "Binary Finance," reflecting this new paradigm in global finance. Beyond its exchange services, Binance has developed a comprehensive ecosystem for its users. This includes the Binance Chain, Binance Smart Chain, Binance Academy, Trust Wallet, and various research projects, all leveraging blockchain technology to advance modern finance. Binance Coin (BNB) plays a crucial role in the successful operation of many of these sub-projects.

What makes BNB unique?

BNB is unique because it is part of a broader Binance ecosystem that includes the Binance Chain, Binance Smart Chain, Binance Academy, Trust Wallet, and various research projects. BNB powers many of these Binance sub-projects, making it an integral part of the Binance network. Binance's drive for continuous development and its status as the leading crypto exchange in multiple countries give it a significant competitive advantage. Measures like the BEP-95 upgrade, which made BNB more deflationary by burning a portion of the fees on Binance Smart Chain, have also contributed to BNB's uniqueness.

Who launched BNB?

BNB was launched in July 2017 by Binance, the largest cryptocurrency exchange globally based on daily trading volume. The founders of Binance are Changpeng Zhao, who serves as the CEO.

Why is BNB burned?

BNB has an auto-burn mechanism, where Binance periodically burns a portion of the total BNB supply to create a deflationary effect and sustain the value of the digital asset. This is similar to Ethereum's famous EIP-1559 proposal, which also introduced a fee-burning mechanism. The BNB auto-burn is part of Binance's efforts to maintain the scarcity and value of the BNB token. By permanently removing BNB from circulation, the overall supply is reduced, which can potentially lead to price appreciation. This deflationary mechanism is designed to benefit BNB holders in the long run.

BNB

743.300
-1.800-0.24%
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