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$BNB is the native token of Binance, the major cryptocurrency exchange, and also serves as the native token of the BNB Chain. Currently, it has a market capitalization exceeding $92 billion, ranking fourth among all cryptocurrencies (only behind BTC, ETH, USDT). Data shows that since the beginning of the year, the value of $BNB has surged by more than 90%.
In 2024, $BNB has outperformed similar tokens, experiencing the highest increase among exchange tokens and significantly leading in growth among native tokens of public blockchains.
Although $BNB experienced a decline in the second half of 2023 following regulatory issues faced by Binance, it began to rise again as positive market sentiment prevailed, particularly with the accelerated pace of new listings on Launchpool since December 2023. Currently, with $BNB surpassing $600, driven by positive market sentiment and effective operations under new leadership, it has achieved a strong rebound in 2024. |
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