Quote from: sangkler11 on February 16, 2021, 12:01:37 PM

Currently, a lot of people are moving to the BSC and buying BNB, because of that, the BNB prices has pumped from $45 at the beginning of February to $120 in only few days. Also, BSC supports other coins like BTC or DOT, giving alternative uses to coin hodlers.

Indeed and Binance is only improving with time which means that their own token is going to be even more valuable in coming time. I have never been a holder of BNB but because I trade a lot at Binance and significant fees is saved when trading with Binance coin BNB, I usually have some in my wallet and I was so happy to see the rise of its value recently because all other coins were going up.

Quote from: SistaFista on February 16, 2021, 04:22:05 PM

There are several factors that causing BNB coin price increase much.
One of them is periodic coin burning, which can makes BNB coin value increase greatly if it continues.
Well, as a top exchange, i think Binance can keep burning their coin with their profit from exchange trading fees.

Spot on about the burning of tokens but I am not sure if they actually burn and if they do, what quantity. I think another reason why BNB is so famous is because of the launch of Binance's own stable coin which attracted even more traders to the platform and eventually more BNB being purchased and demand goes higher.