Binance is one of the biggest cryptocurrency exchanges globally, starting in 2017. Its goal is to bring cryptocurrency exchanges to the forefront of financial activity globally. Binance’s idea by choosing the name is to show this new paradigm in global finance — Binary Finance, or Binance. Binance Coin (BNB) is the cryptocurrency that powers the Binance ecosystem. As one of the world's most popular utility tokens, not only can you buy or sell BNB like any other cryptocurrency, but BNB comes with a wide range of applications and benefits. One can use BNB to pay for goods and services, settle transaction fees on Binance Smart Chain, participate in exclusive token sales, and more.
With more than $64 billion value, Binance Coin has been one of the top 5 cryptocurrencies of the market in terms of market capitalization over the last six months. The Liquidity score indicates how popular a coin is and how easy it is to sell the coin in bear markets. Binance Coin's liquidity score is 80% more than the market's average score. After peaking at $674.44 on May 12, 2021, there was a significant decline in Binance Coin's price, which led to $268.81 on May 24! Thereafter, our data shows a slight positive slope in its price figure. You can see our full report here.
Considering Return On Investment (ROI), Binance Coin's investors enjoyed a 1,372% profit on their one-year investments, which is much more than the 244% return of its similar projects. However, BNB underperformed in comparison to the average ROI of the top 1500 cryptocurrencies of the market. You can find our report about BNB's ROI here.
The more the number of contributors to the development of a project, the more reliable it is. This point is also true about the number of commits, and these numbers show that the developers are busy working and building the project and just pumping their coins. Our data indicates that 26 people contribute to developing Binance Coi, and you can find our report here.
Moreover, gaining public attention is a critical factor in the success of a cryptocurrency. BNB's Twitter account saw an increase of 86% in the number of followers over the past six months, and its Reddit subscribers also jumped by 158% over the same period. You can have free access to our daily report on Binance Coin's popularity here.
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