The price of XMR/USD has recently increased, and is currently at a level of 311.5. The one-day Binance Coin price analysis indicates a price increase as a result of the bulls’ success in recovering. However, in the past years, BNB has moved from being an exchange-only asset to one that powers both Binance Chain and Binance Smart Chain (BSC), the two blockchains built and maintained by Binance. Interestingly, Binance uses one-fifth of its profits each quarter to repurchase and then destroy or burn coins held in its treasury to increase BNBs scarcity. BNB/USD 1-day price chart: After a bullish return, BNB finds recovery at 309. At the time, the touted use case was that of lower trading fees and the use of BNB as an everyday currency. It raised nearly $15 million in its initial coin offering (ICO), with the proceeds put toward building and marketing Binance. Monday to a two-month low of 275. This is the highest ever price for the token since its launch in 2017. Binance Coin (BNB) fell 9.82 as of 5 p.m. The high prices mean there’s currently a lack of a predetermined “resistance” level, one where sellers step in to “take profit” on their holdings. The coin has shot up in recent days, as the below image shows, and remains in a firm uptrend for now. As a result of this, the BNB ecosystem has reached a $27 billion valuation at its current circulating supply of 147 million tokens and is now the world’s sixth-most-valued blockchain network. Crypto Traders Suffer 320M Losses in Liquidations as SEC Lawsuit Against Binance Spurs Market Plunge. The token traded at $50 at the start of this month, reaching an all-time high of $197 earlier this morning.
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