BNB Price Today
The current price of BNB (Binance Coin) is ₦1,018,818 with a 24-hour trading volume of ₦1,112,205,753,123. Over the past 24 hours, BNB has seen a modest increase of +0.28%, with a +0.11% rise in the last hour.
Key Metrics:
- Circulating Supply: $145.89M
- Fully Diluted Market Cap: $96.85B
- CoinGecko Ranking: #5
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BNB to NGN Conversion
As of the latest update, the exchange rate stands at:
1 BNB = ₦1,018,818
1 NGN ≈ 0.00000098 BNB
How to Convert BNB to NGN
- Use TabTrader or CoinGecko for live conversion rates.
- Check decentralized (DEX) or centralized exchanges (CEX) like Binance for trading.
About Binance Coin (BNB)
BNB is the native token of Binance, the world’s largest crypto exchange. Initially launched as an ERC-20 token on Ethereum, it later migrated to the Binance Smart Chain (BSC).
Utility of BNB:
- Discounts on Binance trading fees.
- Participation in token sales via Binance Launchpad.
- Payment for goods/services within the Binance ecosystem.
Market Overview:
- Market Cap: ₦148.6T
- Circulating Supply: $145.89M
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FAQs
1. What drives BNB’s price?
BNB’s value is influenced by Binance’s ecosystem growth, burn mechanisms, and adoption in DeFi projects.
2. Where can I buy BNB?
BNB is available on Binance, OKX, and other major exchanges.
3. How often does Binance burn BNB?
Binance conducts quarterly burns to reduce supply, increasing scarcity.
4. Is BNB a good investment?
While past performance isn’t indicative of future results, BNB’s utility and Binance’s dominance offer compelling use cases.
Final Thoughts
BNB remains a cornerstone of the Binance ecosystem, combining utility with deflationary mechanics. Stay updated with real-time charts and leverage tools like TabTrader for informed trading decisions.
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