Binance Coin BNB/USD is the cryptocurrency token responsible for powering the Binance ecosystem.
In other words, this is a token that users that hold it can use to pay for goods and services and even for the settlement of the transaction fees which occur on the Binance Smart Chain.
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Furthermore, this token provides them with additional utility as they can participate within exclusive token sales and a lot more.
We covered how Binance destroyed $782 million in BNB and what that meant for the value of the token on January 18.
Binance made an announcement regarding the Binance Futures offering through an official blog post on January 28, 2022.
In other words, Binance merged its Content Creator Program with its Affiliate Content Program.
The main goal of this is to continue spreading the word about crypto across the globe, where contributors are given the opportunity to earn up to 3,000 BUSD a month for their qualifying content.
Additionally, Binance also guarantees 300 BUSD for any qualifying content.
On January 29, 2022, Binance Coin (BNB) had a value of $389.9.
To truly see what this value point actually indicates in regards to the overall value of the BNB token, we will be going over the token’s all-time high value and its performance throughout the previous month.
The all-time high value of Binance Coin (BNB) was on May 10, 2021, when the token reached a value of $686.31. This means that the BNB token was $296.41 higher in value or by 76% at its all-time high value.
When we go over the performance in December, Binance Coin (BNB) had its highest point on December 1 with a value of $647.74. Its lowest point, however, was on December 15, when the token decreased to a value of $503.51.
This gives us an indication that from the span of December 1 to December 15, the BNB token decreased in value by $144.23 or by 22%.
However, from December 15 to January 29, BNB decreased by an additional $113.61 or by 22%.
With this in mind, at $389.9, BNB is a solid buy due to the fact that it has the potential of reaching $400 by the end of February 2022.
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