BNB Seem to be Worth of Purchase Now 25/02/2021
BNB was launched through an initial coin offering in 2017, 11 days before the Binance cryptocurrency exchange went online. It was originally issued as an ERC-20 token running on the Ethereum network, with a total supply capped at 200 million coins, and 100 million BNBs offered in the ICO. However, the ERC-20 BNB coins were swapped with BEP2 BNB on a 1:1 ratio in April 2019 with the launch of the Binance Chain mainnet, and are now no longer hosted on Ethereum.
BNB can be used as a payment method, a utility token to pay for fees on the Binance exchange and for participation in token sales on the Binance launchpad. BNB also powers the Binance DEX (decentralized exchange).
You cannot mine BNB as you would a proof-of-work cryptocurrency, since the Binance Blockchain uses the Byzantine Fault Tolerance (BFT) consensus mechanism. Instead, there are validators that earn from securing the network by validating block
Before BNB migrated to Binance Chain, Binance performed coin burns on the Ethereum network using a smart contract burn function. The amount of coins that Binance burns is based on the number of trades of the exchange over three months. Since the Binance Chain launch, BNB coin burns no longer take place on the Ethereum network and now use a specific command on Binance Chain, as opposed to a smart contract
the live Binance Coin price today is $244.82 USD with a 24-hour trading volume of $5,214,310,297 USD. Binance Coin is down 9.64% in the last 24 hours. The current CoinMarketCap ranking is #3, with a live market cap of $37,833,042,747 USD. It has a circulating supply of 154,532,785 BNB coins and a max. supply of 170,532,785 BNB coins.
Technical:
there are total of 3 TPs which the second Target is like a triger for the 3TP
BNB can be used as a payment method, a utility token to pay for fees on the Binance exchange and for participation in token sales on the Binance launchpad. BNB also powers the Binance DEX (decentralized exchange).
You cannot mine BNB as you would a proof-of-work cryptocurrency, since the Binance Blockchain uses the Byzantine Fault Tolerance (BFT) consensus mechanism. Instead, there are validators that earn from securing the network by validating block
Before BNB migrated to Binance Chain, Binance performed coin burns on the Ethereum network using a smart contract burn function. The amount of coins that Binance burns is based on the number of trades of the exchange over three months. Since the Binance Chain launch, BNB coin burns no longer take place on the Ethereum network and now use a specific command on Binance Chain, as opposed to a smart contract
the live Binance Coin price today is $244.82 USD with a 24-hour trading volume of $5,214,310,297 USD. Binance Coin is down 9.64% in the last 24 hours. The current CoinMarketCap ranking is #3, with a live market cap of $37,833,042,747 USD. It has a circulating supply of 154,532,785 BNB coins and a max. supply of 170,532,785 BNB coins.
Technical:
there are total of 3 TPs which the second Target is like a triger for the 3TP
Trade closed: target reached:
1 and 2 Targets Achieved
Trade active:
going for the 3 target probably after some retracements and Price Correction
Trade active:
New Update on this Analysis with 2 New targets
