• 16/07/2024 01:51

Binance BNB exchange coin tests $600 mark

The BNB token rate tested $600 and set a yearly maximum. The asset was last traded at this level in December 2021. BNB capitalization has exceeded $89 billion. Incrypted writes about this.

The Binance BNB exchange coin is testing the $600 mark

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The token was unable to gain a foothold above the specified level. Upon reaching $600, the price of the asset rolled back.

Binance BNB Coin Tests $600

Since listing on Binance, the price of BNB reached its peak in May 2021. Then the asset was trading at $690.

According to CoinMarketCap, BNB ranks fourth in terms of capitalization among other cryptocurrencies. On March 13, this figure approached $89.4 billion. The asset is still inferior to Tether’s stablecoin USDT, whose capitalization exceeded $100 billion.

According to available information, there are 149,539,489 BNB in ​​circulation, which is 100% of the total number of coins. At the same time, the Binance cryptocurrency exchange carries out quarterly burning of tokens. In January 2024, she withdrew more than 2 million BNB from circulation.

minfin.com.ua

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