Wednesday, March 29, 2023
Bitcoin - Altcoin News
No Result
View All Result
  • Login
No Result
View All Result
Bitcoin News
No Result
View All Result
Home News Binance (BNB) Coin

Here’s What Your Portfolio Would Look Like Today If You had Bought BNB Worth $1000 in 2020

news by news
December 15, 2022
in Binance (BNB) Coin, BNB, News
0
Here’s What Your Portfolio Would Look Like Today If You had Bought BNB Worth $1000 in 2020
0
SHARES
14
VIEWS
Share on FacebookShare on Twitter

READ ALSO

Ripple Lawsuit Pending Verdict Fueling XRP Price?

Breaking: Ex-FTX CEO SBF Using Alameda Money For Legal Defense: Forbes

BNB

As the native coin of the BNB Beacon Chain and BNB Smart Chain, BNB fuels the Binance Chain ecosystem.

One of the most widely used utility tokens in the world, BNB can be used in a variety of applications and use cases in addition to being traded like any other cryptocurrency.

Benefits of BNB

BNB can be used to buy products and services, pay for transactions on the Binance Smart Chain, take part in special token sales, and many other things.

Inside the Binance Exchange ecosystem, BNB is mostly employed as a utility token that enables users to get discounts when paying for their trading fees.

When it comes to other use cases, BNBs can be used for a variety of things, including shopping with a credit card, paying for travel expenditures (including booking hotels and flights), and much more.

What Your Portfolio Would Look Like Today If You Purchased $1000 in BNB in 2020

As of now, BNB is trading at $265.33. The coin has seen its price slump in recent weeks. BNB’s prices have declined by 6.87% in the last 7 days and 3.96% in the last 30 days.

However, if you compare today’s BNB prices to those of 2020’s, there’s an astronomical difference between the two. In 2020, BNB’s price was hovering between $14 and $38.

Let’s assume that you bought $1000 worth of BNB in 2020 at an average rate of $25 per BNB coin. That would have gotten you 40 BNB coins. At the current price of $265.33, you would be able to sell them for $10,613. This is approximately a 10x or 1000% return on investment in just 2 years.

Similarly, if you had invested $10,000, you would have gotten 400 BNB coins. And you could have made $106,132.

However, it is never too late to invest. Assess your risk profile and invest sensibly.

Disclaimer: This is not investment advice.

Also Read: Here’s How Much Your $100 Investment in Tron Will Be Worth If TRX Reaches $1

The post Here’s What Your Portfolio Would Look Like Today If You had Bought BNB Worth $1000 in 2020 appeared first on CoinGape.

Related Posts

Ripple Lawsuit Pending Verdict Fueling XRP Price?
24/7 Cryptocurrency News

Ripple Lawsuit Pending Verdict Fueling XRP Price?

March 29, 2023
Breaking: Ex-FTX CEO SBF Using Alameda Money For Legal Defense: Forbes
24/7 Cryptocurrency News

Breaking: Ex-FTX CEO SBF Using Alameda Money For Legal Defense: Forbes

March 29, 2023
Breaking: Australia Introduces Crypto Market Regulation Bill In Parliament
24/7 Cryptocurrency News

Breaking: Australia Introduces Crypto Market Regulation Bill In Parliament

March 29, 2023
Bitcoin Price Reclaims $28,500 Amid Binance FUD, Here’s Why
24/7 Cryptocurrency News

Bitcoin Price Reclaims $28,500 Amid Binance FUD, Here’s Why

March 29, 2023
XRP Price Spikes By 18%, Breaches $0.56 level; What’s Happening?
24/7 Cryptocurrency News

XRP Price Spikes By 18%, Breaches $0.56 level; What’s Happening?

March 29, 2023
Breaking: Do Kwon To Appeal Passport Forgery Case In Supreme Court, Delaying Extradition
24/7 Cryptocurrency News

Breaking: Do Kwon To Appeal Passport Forgery Case In Supreme Court, Delaying Extradition

March 29, 2023
Next Post
Shiba Inu Coin News: SHIB Burn Rate Skyrockets By 107% Amid Price Dump

Shiba Inu Coin News: SHIB Burn Rate Skyrockets By 107% Amid Price Dump

POPULAR NEWS

Bitcoin Price Prediction: On-Chain Data And Analysts Predict More Upside For BTC

Bitcoin Price Prediction: On-Chain Data And Analysts Predict More Upside For BTC

December 7, 2022
Crypto Prices Today: Huobi Token, Ethereum, Dogecoin Is Up; Solana Takes A Dip

Crypto Prices Today: Huobi Token, Ethereum, Dogecoin Is Up; Solana Takes A Dip

December 7, 2022
Donald Trump’s NFT Trading Cards Pump 350% In Value Upon Launch

Donald Trump’s NFT Trading Cards Pump 350% In Value Upon Launch

December 17, 2022
Bitcoin Price Today: BTC Rises By Nearly 2% While BlockFi Files For Bankruptcy

Bitcoin Price Today: BTC Rises By Nearly 2% While BlockFi Files For Bankruptcy

December 7, 2022
Breaking: “Guilty” FTX Executive Will Now Cooperate Against SBF In Probe

Breaking: “Guilty” FTX Executive Will Now Cooperate Against SBF In Probe

February 28, 2023

EDITOR'S PICK

Ripple, Coinbase Together Against US SEC? Ripple Legal Chief Drops Hint

Ripple, Coinbase Together Against US SEC? Ripple Legal Chief Drops Hint

March 23, 2023
5 Meme Coins That Are Outperforming Shiba Inu (SHIB) And Dogecoin (DOGE) In Feb 2023

5 Meme Coins That Are Outperforming Shiba Inu (SHIB) And Dogecoin (DOGE) In Feb 2023

February 18, 2023
Silvergate Corp. Plans to Liquidate the Bank and Wind Down Operations

Silvergate Corp. Plans to Liquidate the Bank and Wind Down Operations

March 9, 2023
Just-In: FED Wants Tougher Rules As Crypto Friendly US Banks Collapse

Just-In: FED Wants Tougher Rules As Crypto Friendly US Banks Collapse

March 15, 2023
Bitcoin - Altcoin News

© 2022 coingger.com

Navigate Site

  • Europe
  • Exchange
  • Elon Musk
  • ETH Price
  • crypto Tax U.S.
  • CZ
  • Crypto Miners
  • BTC Price
  • ChatGPT
  • China crypto
  • Coingecko
  • Binance Smart Chain
  • Bitcoin $100K
  • Airdrop

Follow Us

No Result
View All Result
  • Homepages
    • Home Page 1

© 2022 coingger.com

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In