Binance Coin (BNB) is the official crypto of Binance, one of the largest crypto exchanges in the world. Binance Coin was first introduced in July 2017 during the Binance initial coin offering (ICO) period. Want to know more information about the development of BNB prices from the beginning to the present? Check out the following information.
2017 BNB Price Up 2.329% After 1 Month Trading on Binance Exchange At the time of the ICO, the initial price of BNB was around $0.11 per which is equivalent to IDR 1,646 ($1 = IDR 14,971). The Binance Coin ICO took place from June 27 2017 to July 3 2017 and managed to raise funds of 15 million dollars or the equivalent of IDR 224.5 billion.
After passing through the initial token sale period, Binance Coin began trading on the Binance exchange in July 2017 with an initial price of around $0.10 per coin or equivalent to IDR 1,497.
Unexpectedly, the price of Binance Coin was welcomed by investors and immediately experienced a sharp increase in a short time after it was launched on the Binance exchange, reaching IDR 36,365 in August 2017 or experiencing an increase of up to 2,329% within 1 month.
BNB ATH (All Time High) Price Reaches IDR 9.5 Million in May 2021 Like most other crypto prices in 2018, the Binance Coin price experienced a significant decline as the crypto market underwent a correction.
After that, the price of Binance Coin began to recover and increase gradually along with the development and adoption of Binance as one of the largest crypto exchanges in the world. During 2020 and early 2021, Binance Coin continued to increase in value and in May 2021, the price of Binance Coin reached a new high of IDR 9.5 million before experiencing a correction in the crypto market.
Sophie Roots, crypto analyst and author on the changelly blog, said that after analyzing the price of BNB in previous years, it is assumed that in 2023, the minimum price of BNB will be around $383.75 or equivalent to IDR 5.9 million ($1 = IDR 15. 632).
