Nazia Saeed
- Binance Coin (BNB) has grown over 10,000x since its launch in July 2017
- A $100 investment at launch would now be worth more than $1 million
- BNB is trading at $704.27, with volume up 30.61% to $2.13 billion
Binance Coin (BNB) has officially turned eight years old, marking a major milestone for the token launched in July 2017. In a recent post, Changpeng “CZ” Zhao, former CEO of Binance, reflected on BNB’s remarkable growth since inception.
At its debut, BNB was priced at just $0.06 per token. Today, the coin is trading above $700, representing a gain of over 10,000 times in value. CZ noted that if an investor had bought $100 worth of BNB during its launch and held it for eight years, that stake would now be worth over $1 million.
BNB’s $700 milestone and growth
The regular burning of BNB tokens has significantly reduced the coin’s supply, increasing its scarcity and in turn, its value. At the time of writing, BNB was trading around $704, representing a staggering 10,000x growth since its inception. This deflationary mechanism continues to support upward price momentum and could play a key role in driving the asset to new highs over time.
BNB showing a 2.01% daily gain, after peaking at $704 earlier in the day. Trading volume surged by 30.61%, reaching $2.13 billion, suggesting increased investor activity around the asset.
At the same time, institutional interest in BNB is gaining traction. Several companies have begun adding BNB to their corporate treasuries, with one firm reportedly aiming to accumulate over $1 billion worth of the token.
Football legend Cristiano Ronaldo took the crypto world by surprise this week with a simple yet powerful tweet: “Happy birthday @BNBCHAIN ”. The message, posted on X (formerly Twitter), has quickly gone viralblending star power from the football pitch with the fast-growing blockchain space.
Investors eye $1,000 target for BNB
With Binance Coin now firmly holding above the $700 level, many investors are turning their sights toward the next major milestone: $1,000 per token.
The optimism stems from BNB’s accelerated growth in recent months. As recently as November 2023, the token traded below $250, and by April 2024, it had risen to $580. The coin has continued climbing steadily, further fueling speculation about a potential all-time high.
If Binance Coin continues on this upward trajectory, the $1,000 target could be achieved as early as 2026, especially amid broader crypto adoption and expanding use cases in the Web3 and DeFi ecosystems.
