Why BNB coin is increasing?

Binance coin (BNB) may be an excellent choice if you want to invest in a major cryptocurrency other than Bitcoin or Ethereum . On CoinMarketCap, Binance coin is now ranked #3 in terms of market capitalization, with a market cap of around $100 billion.

BNB Coin is a cryptocurrency that is used primarily to pay transaction and trading fees on the Binance exchange .

According to Binance coin prediction, the future of BNB is dependent on the growth of the Binance Exchange platform . And as per the current scenario, Binance Coin’s future looks bright which could lead to prices to new highs. And hence as per our BNB price prediction, the BNB price might cross $610 by the end of 2023.

With BNB opening the door to reduced fees , demand for the 165 million coins in circulation will undoubtedly rise when crypto enthusiasts are vying to log on to their accounts in a hurry. As we mentioned earlier, the increasing role of BNB Chain is also significant.