Binance Coin Profile

BNB
 Crypto
  

USD 226.59  5.81  2.63%   

Market Performance
0 of 100
Odds Of Distress
Less than 39
Binance Coin is trading at 226.59 as of the 30th of June 2022, a 2.63 percent increase since the beginning of the trading day. Binance Coin has about a 39 percent probability of financial distress in the next few years of operation and has generated negative returns over the last 90 days. Cryptocurrency ratings for Binance Coin are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 31st of May 2022 and ending today, the 30th of June 2022. Click here to learn more.
Binance Coin is peer-to-peer digital currency powered by the Blockchain technology. BNB powers the Binance ecosystem and is the native asset of the Binance Chain. BNB is a cryptocurrency created in June 2017, launched during an ICO in July, and initially issued as an ERC-20 token. More on Binance Coin
Binance Coin is an online market maker for p-2-p internet money called Cryptocurrency. Binance Coin has been active in the last 1 month, and it is presently expressing a bullish sentiment. Cryptocurrencies such as Binance Coin are digital assets that allow for secure payments and are represented by ledger entries internal to the system, generally referred to as a blockchain. Blockchain implementations use encryption algorithms and cryptographic techniques that safeguard entries in the ledger. Cryptocurrency assets such as Binance Coin are becoming very popular among investors and have been praised for their portability, inflation resistance, and transparency. However, they face a lot of criticism, including lack of tax regulations, exchange rate volatility, and infrastructure vulnerabilities.

Binance Coin Crypto Coin Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. If you consider yourself one of those investors, make sure you clearly understand your entering position. Binance Coin's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Binance Coin or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
Binance Coin generated a negative expected return over the last 90 days
Binance Coin has high historical volatility and very poor performance
Thematic IdeaUSD Crypto Fund (view all)
Exchanges
Binance P2PB2B HitBTC Yobit Bibox BitMart Bleutrade Braziliex CoinBene CoinEx EXX FCoin IDAX Kucoin LBank Poloniex TradeSatoshi Bitkub Abucoins Nuex Bithumb Korbit Bgogo DDEX EtherDelta IDEX Switcheo Kuna
AlgorithmBEP-2
Coin TypeBinance Coin
Proof TypeBFT
TechnologyBlockchain
Current Block Number250.6 M
Total Coins Mined163.28 Million
Circulating Supply163.28 Million
Maximum Supply(1.0)
Launch Date2017-06-27
Websitehttps://www.binance.com/
Binance Coin (BNB) is traded on CRYPTO Exchange. Binance Coin is peer-to-peer digital currency powered by the Blockchain technology. BNB powers the Binance ecosystem and is the native asset of the Binance Chain. BNB is a cryptocurrency created in June 2017, launched during an ICO in July, and initially issued as an ERC-20 token. Designed to be used for a fee reduction on the Binance exchange, its scope was extended over the years.BNB powers the Binance Chain as its native chain token. For instance, it is used to pay fees on the Binance DEX, issue new tokens, send/cancel orders, and transfer assets.BNB is also powering the Binance Smart Chain, which is an EVM-compatible network, forked from “go-ethereum”. It supports smart contracts and relies on a new consensus mechanism: Proof-of-Staked Authority (PoSA) consensus (“Parlia”), which incorporates elements from both Proof of Stake and Proof of Authority. BNB is used for delegated staking on the authority validator, leading to staking rewards for users and validators

Binance Coin Target Price Odds Analysis

What are Binance Coin's target price odds to finish over the current price? Depending on a normal probability distribution, the odds of Binance Coin jumping above the current price in 90 days from now is about 76.86%. The Binance Coin probability density function shows the probability of Binance Coin crypto coin to fall within a particular range of prices over 90 days. Assuming the 90 days trading horizon the crypto coin has a beta coefficient of 1.9832 suggesting as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Binance Coin will likely underperform. Additionally, the company has a negative alpha, implying that the risk taken by holding this instrument is not justified. Binance Coin is significantly underperforming DOW.
  Odds Below 226.59HorizonTargetOdds Above 226.59
23.06%90 days
 226.59 
76.86%
Based on a normal probability distribution, the odds of Binance Coin to move above the current price in 90 days from now is about 76.86 (This Binance Coin probability density function shows the probability of Binance Crypto Coin to fall within a particular range of prices over 90 days) .
Binance Coin is peer-to-peer digital currency powered by the Blockchain technology. BNB powers the Binance ecosystem and is the native asset of the Binance Chain. BNB is a cryptocurrency created in June 2017, launched during an ICO in July, and initially issued as an ERC-20 token. Designed to be used for a fee reduction on the Binance exchange, its scope was extended over the years.BNB powers the Binance Chain as its native chain token. For instance, it is used to pay fees on the Binance DEX, issue new tokens, sendcancel orders, and transfer assets.BNB is also powering the Binance Smart Chain, which is an EVM-compatible network, forked from go-ethereum. It supports smart contracts and relies on a new consensus mechanism Proof-of-Staked Authority consensus , which incorporates elements from both Proof of Stake and Proof of Authority. BNB is used for delegated staking on the authority validator, leading to staking rewards for users and validators

Binance Coin Risk Profiles

Investors will always prefer to have the highest possible return on investment while minimizing volatility. Binance Coin market risk premium is the additional return an investor will receive from holding Binance Coin long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Binance Coin. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although Binance Coin's alpha and beta are two of the key measurements used to evaluate Binance Coin's performance over the market, the standard measures of volatility play an important role as well.

Binance Coin Technical Analysis

Transformation
The output start index for this execution was zero with a total number of output elements of seventeen. Binance Coin Inverse Tangent Over Price Movement function is an inverse trigonometric method to describe Binance Coin price patterns.
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Binance Coin Against Markets

Picking the right benchmark for Binance Coin crypto coin is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Binance Coin crypto coin price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Binance Coin is critical whether you are bullish or bearish towards Binance Coin at a given time.

Be your own crypto manager

Our tools can tell you how much better you can do entering a position in Binance Coin without increasing your portfolio risk or giving up expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate.risk-adjusted returns of your individual positions relative to your overall portfolio.

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How to invest in Binance Coin

You need to understand the risk of getting into digital currencies such as BNB before investing. The dangers of trading cryptocurrencies are mainly related to their volatility. They are high-risk, speculative, susceptible to errors and hacking, mostly unregulated, and can be affected by forks or other discontinuation events. As an investor, you must understand these perils before you start trading. You can get a long position in Binance Coin in four ways:

Buy BNB through an exchange

Get yourself a crypto wallet before embarking on your Binance Coin journey. Crypto wallets exist as desktop applications, mobile apps, or websites, allowing you to secure your tokens or digital coins. Your crypto wallet stores the private keys to your tokens on the blockchain. Once you have a wallet, visit a reputable exchange and sign up for an account. You will need to complete the KYC process to be allowed to purchase Binance Coin. But before you can buy the tokens, you have to provide a photo of your ID and proof of address, as well as a selfie. The platform will also require you to secure your account with 2FA before you can fund your account and buy the digital coins.

Purchase fractions of Binance Coin through an exchange

You don't have to buy a full token when starting out since BNB is divisible by several decimal places. This allows you to purchase tiny fractions worth cents, but because of network fees, most platforms have a minimum figure, such as $10. You can then build your portfolio with time as you gain more confidence and learn the ropes of crypto trading.

Trade Binance Coin through a broker

If you don't want to store your Binance Crypto Coin yourself for one reason or another, you can still trade through a broker. Brokers hold your tokens and trade frequently to generate profits. In addition, many brokerage platforms offer derivative products, such as contracts for difference, that enable you to speculate on price movements. Such products also allow brokers to accommodate leverage trading, potentially multiplying your profits.

Invest in BNB through an exchange-traded fund (ETF)

You can also invest in BNB through an exchange-traded fund (ETF). This instrument helps track an asset or select assets. You can buy and sell them on stock exchanges, making them the best option for an average investor. Some ETFs may comprise several coins to spread risk across a portfolio. Such ETFs are created and controlled by picking a basket with several coins, while favoring those that have performed well in the recent past.

Investing Ideas

In addition to having Binance Coin in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.

Thematic Opportunities

Explore Investment Opportunities

Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.
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Continue to Trending Equities. Note that the Binance Coin information on this page should be used as a complementary analysis to other Binance Coin's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Price Transformation module to use Price Transformation models to analyze depth of different equity instruments across global markets.

Other Tools for Binance Crypto Coin

When running Binance Coin price analysis, check to measure Binance Coin's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Binance Coin is operating at the current time. Most of Binance Coin's value examination focuses on studying past and present price action to predict the probability of Binance Coin's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Binance Coin's price. Additionally, you may evaluate how the addition of Binance Coin to your portfolios can decrease your overall portfolio volatility.
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