Wow! This week BNB really took off and soared in price. I wrote about this cryptocurrency the other day, and I’m sure glad I was able to get in before the spike.
BNB is the cryptocurrency for Binance, one of the leading crypto exchanges. Apparently, the recent spike in price is the result of a number of new products and services Binance has launched.
I like BNB not only because it’s now one of the largest cryptocurrencies by market capitalization, but also because you can get some good benefits with Binance by owning BNB—such as lower fees.
At its high point earlier this week, BNB was trading at over $140. It has since settled back into the $120’s. Fortunately, I got in when it was under $50. I would definitely like to increase my position in BNB and am waiting for another drop so I can buy more.