On the morning of Tuesday, February 9, the market price of the BNB token of one of the largest trading volumes on the Binance exchange exceeded $ 97 for the first time. Since January 2021, the cryptocurrency has risen in price by 160%, its capitalization has reached $ 14.6 billion, writes RBC Crypto.
As of 11:50 AM ET, the altcoin is trading at $ 91. Over the past day, its price has increased by 28%. In March 2020, the BNB price fell to a local low of $ 6.3. Since then, it has risen by 1440%.
BNB is the internal token of the Binance crypto exchange. It can be used to pay trade commissions. Altcoin is also used for initial exchange offerings (IEOs) on the Binance Launchpad.
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