The contrast is particularly striking when compared to the altcoins of the ambitious EOS project, which is developing an "Earth Operating System", or IOTA cryptocurrencies, which were created to be used to pay off hundreds of billions of machines in the Internet of Things ecosystem. In this article, we will take a look at Binance Coin's price history and make some predictions about its future performance.Īccording to Traders Union Binance Coin's goal of serving as "fuel" to fuel the exchange looks unassuming and small-scale compared to any other token in the top 20. However, over the past few years, Binance has been expanding its use cases, and as a result, the price of BNB has skyrocketed. BNB has been used primarily as a utility token for trading fees and other services on the Binance platform. Exchange players with BNB on their books can pay a reduced fee of up to 0.05% when they buy and sell on Binance instead of the standard 0.1% according to binance coin prediction.īinance Coin (BNB) is a digital asset and the native cryptocurrency of the Binance exchange. The availability of these altcoins to bidders also allows them to save money. And its purpose is simply to pay for internal transactions on the Binance cryptocurrency exchange.įor example, more than a hundred other cryptocurrencies can be bought with BNB tokens on Binance. Binance Coin is an ERC20 token, of which there are more than 500 on the Ethereum platform. ![]() ![]() Traders Union experts noted that the rise of Binance Coin is surprising in that this altcoin, launched less than a year ago, has no unique blockchain or high purpose for changing the world. Regarding the destiny of Binance Coin and KSM crypto, Traders Union has made an important prediction that in the upcoming years, Binance coin will become a well-known e-currency while the price of BNB will keep increasing.
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