Post
Topic
Board Altcoin Discussion
why BNB price Bumping
by
Gogo_owner
on 13/02/2021, 15:08:14 UTC
The definition of BNB:

Quote
Binance Coin (BNB) is a cryptocurrency that can be used to trade and pay fees on the Binance cryptocurrency exchange

https://corporatefinanceinstitute.com/resources/knowledge/other/binance-coin-bnb/#:~:text=Binance%20Coin%20(BNB)%20is%20a,on%20the%20Binance%20cryptocurrency%20exchange.&text=Binance%20Coin%20was%20created%20in,own%20blockchain%2C%20the%20Binance%20Chain.

Why would their price continue to rise if they were designed to make Binance fee cheaper mainly its relative stability.
why price is over 130$ and fees will rise with it?

Uses of Binance Coin

Quote
Trading: Binance Coin can be traded for other cryptocurrencies on various exchanges, depending on the restrictions set by the exchange.
Transaction fees on the Binance Exchange: BNB can be used to pay for transactions on the Binance Exchange, and users also receive a discount for doing so.
Credit card payments: BNB can be the form of payment for crypto credit card bills on Crypto.com.
Payment processing: Merchants can offer BNB as a means of payment for customers, offering more flexibility in payment methods.

Used for Trading, Transaction fees Not Investing

https://coinmarketcap.com/currencies/binance-coin/