Who is the founder of Binance Coin (BNB)?

The founder of Binance Coin (BNB) is Chinese-Canadian entrepreneur Changpeng Zhao. He was born in China, has a master's degree in electrical engineering, worked at Bloomberg, and was the co-founder of the blockchain startup OKCoin before founding Binance. And technical director. Binance Coin (BNB) is a native token issued by the Binance exchange. It can be used to pay transaction fees, participate in Binance Launchpad token sales, pledge to earn income, and exchange for other cryptocurrencies.

Who is the founder of Binance Coin (BNB)?

The founder of Binance Coin (BNB) is a Chinese-Canadian entrepreneur named Changpeng Zhao.

About Changpeng Zhao

Changpeng Zhao was born in Lianyungang City, Jiangsu Province, China, and later immigrated to Canada. He holds a master's degree in electrical engineering and previously worked at Bloomberg. Before founding Binance, Changpeng Zhao was the co-founder and technical director of blockchain startup OKCoin.

Founded Binance

In 2017, Changpeng Zhao left OKCoin and founded Binance Exchange. Binance has quickly risen to become one of the largest cryptocurrency exchanges in the world. Changpeng Zhao was named the 2022 Global Billionaire by Forbes for his contributions to the cryptocurrency industry.

Binance Coin (BNB)

Binance Coin (BNB) is the native token issued by the Binance exchange. It has multiple uses, including:

• Pay transaction fees to receive discounts.
• Participate in the Binance Launchpad token sale.
• Stake to earn income.
• Exchange to other cryptocurrencies.

The launch and success of Binance Coin solidifies Binance’s position in the cryptocurrency industry and further drives Changpeng Zhao’s influence.

BNB Price Analysis | October 16, 2024

As of 12:00 on October 16, 2024, the price of BNB (BNB) is $594.44, 24 hours trading volume was $203 billion. Up 1.48% in the past 24 hours.

Price Moving Factors

The recent price increase may be attributed to the continued development of Binance, the growth of the BSc ecosystem, and improving overall sentiment in the cryptocurrency market.

Future Price Movement Forecast

Technical indicators suggest that BNB may be correcting its recent gains. However, the long-term trend remains bullish, and the likelihood of future price increases is high due to strong fundamentals.

It is recommended that

holders should pay close attention to market dynamics, while new investors may consider opening positions gradually. Experts recommend holding BNB for the long term due to its significant growth potential.

Short Term Forecast

Based on current trends, BNB is expected to fluctuate in the short term. However, it is likely to remain in a range between $550 and $650.

Key Metrics

• Price: $594.44
• 24 hour trading volume: $203 billion
• Circulating supply : 146 million
• Market value: 867.474 billion US dollars

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