BNB Turns 8: The Incredible Journey of Binance Coin
It has been eight years since the inception of Binance Coin (BNB) as a cryptocurrency. In a post commemorating the eighth anniversary of BNB, Changpeng Zhao (CZ), the former CEO of Binance, emphasized how the price has increased by more than 10,000 times during that time. Notably, the price of each token was only $0.06 when Binance Coin first launched and began trading in July 2017. The cost to enter the market was minimal because it was a new cryptocurrency project. However, BNB has experienced astronomical expansion over the years due to continual building.
From Pennies to $700: Binance Coin’s 10,000x Growth Stuns Investors
According to CZ, BNB was trading near $700 eight years later. This indicates that its value has significantly increased since it was first listed. The post draws attention to a crucial aspect of cryptocurrency investments. Over the course of eight years, the project has increased by more than 10,000 times. This means that if someone had bought $100 worth of Binance Coin back in 2017, when it was first listed, and kept it ever since, they would have made a ton of profit.
BNB Price Hits $706 Today: Is the $1,000 All-Time High Next?
At the time of writing, the price of BNB was $695.84, up 0.39% over the previous day. A peak of $706.71 was reached earlier today. Investors are clearly transacting assets, as evidenced by the trading volume, which is up 44.49% in the green zone at $2.29 billion.
Investors are now aiming for a $1,000 ATH as the cryptocurrency asset has seen tremendous development from a few cents to over $700. Given Binance Coin‘s growth trajectory, this estimate is still reasonable. Curiously, BNB was trading for less than $250 a coin as of November 2023, six years after its introduction. But in April 2024—less than six months later—the cryptocurrency asset was trading at $580. By early 2026, BNB might easily flip to $1,000 if the coin sees the same kind of growth.
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