Recep Gülcemal 
Binance’s native token, BNB, has reached an all-time high of over $900 following recent gains. It has managed to become one of the rare cryptocurrencies that followed Bitcoin’s rise over the past two years and continued to rise thereafter. So what lies ahead for BNB, which has risen to $900? Will the rise continue? What are the support and resistance levels? We have written all the details about BNB for you…
BNB Reaches All-Time High
BNB experienced a tremendous rise from $3-4 levels to $690 levels during the bull season in 2021, reaching its all-time high. With the bull market giving way to a bear market, it experienced a decline to around $180 in 2022. After reaching its lowest level in recent times in 2022, it entered a recovery phase. Following this period, during which Bitcoin also fell from around $64,000 to around $19,000, a volatile bear market ensued. Following this decline, both Bitcoin and BNB gradually entered a period of growth. In recent times, Bitcoin reached an all-time high of $124,000, and BNB was one of the few cryptocurrencies that did not remain indifferent to BTC’s rise. BNB first reached $800, setting a new ATH. It then experienced a correction and attempted to reach a new ATH, breaking through the $900 mark to reach its all-time high.
What Makes BNB So Valuable?
Binance, the world’s largest cryptocurrency exchange by market capitalisation, is making great efforts for its native token, BNB. It is making the native token indispensable by providing BNB token holders with a range of excellent benefits. Additionally, in addition to the advantages offered to BNB holders, Binance’s BNB Burn programme continues to reduce the supply of BNB tokens in circulation by burning them each year. Considering that the supply of BNB is continuously decreasing, we observe that the value of BNB Coin is increasing day by day.
What Kind of Benefits Does Binance Offer to BNB Holders?
- They gain the right to participate in upcoming presales through Launchpool and Launchpad by staking directly.
- Hodlers can participate in airdrop projects for free thanks to BNB, thereby earning free airdrop rights.
- They gain various advantages on Binance Alpha.
- They continue to earn BNB for free through BNB staking.
- Crypto transfers can be made without paying fees via Binance Smart Chain.
- They can earn interest at various rates on a daily, weekly, or monthly basis.
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