BNB runs the Binance Chain ecosystem because it is the native coin of the BNB Beacon Chain and the BNB Smart Chain.
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BNB is one of the most widely used utility tokens in the world. It can be traded like any other cryptocurrency and used in a number of different ways.
BNB’s Pros and Cons
BNB can be used to pay for transactions on the Binance Smart Chain, buy goods and services, take part in special token sales, and do a lot more.
Inside the Binance Exchange ecosystem, BNB is mostly used as a utility token that lets users pay for their trading fees at a discount.
BNBs can be used for many other things, like shopping with a credit card, paying for travel expenses (like booking hotels and flights), and much more.
What your portfolio would look like if you bought $1,000 worth of BNB in 2020.
At the moment, BNB is worth $265.33. In the past few weeks, the price of the coin has gone down. In the last 7 days, BNB’s prices have gone down by 6.87%, and in the last 30 days, they have gone down by 3.96%.
But if you look at how much BNB costs now and how much it will cost in 2020, the difference is huge. The price of BNB was between $14 and $38 in 2020.
Let’s say you bought $1,000 worth of BNB in 2020 when the average price per BNB coin was $25. You could have bought 40 BNB coins with that. At the price of $265.33 right now, you could get $10,613 for them. This is a return on investment of about 10x, or 1000%, in just 2 years.
If you had put $10,000 into Bitcoin, you would have gotten 400 BNB coins. You could have made 106,132 dollars.
But it’s never too late to start investing. Think about your risk tolerance and invest wisely.
Source: Google Trend