Wrapped BNB (WBNB) Achieves Market Cap of $1.04 Billion

Wrapped BNB (WBNB) traded 1.2% higher against the US dollar during the 1-day period ending at 9:00 AM Eastern on March 5th. During the last seven days, Wrapped BNB has traded up 5.3% against the US dollar. Wrapped BNB has a market capitalization of $1.04 billion and $418.10 million worth of Wrapped BNB was traded on exchanges in the last 24 hours. One Wrapped BNB token can currently be purchased for about $657.56 or 0.00902211 BTC on popular cryptocurrency exchanges.

Here’s how similar cryptocurrencies have performed during the last 24 hours:

• Aidi Finance (BSC) (AIDI) traded 2.2% lower against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Zoo Token (ZOOT) traded 2.2% lower against the dollar and now trades at $0.0652 or 0.00000239 BTC.
• CareCoin (CARES) traded down 2.2% against the dollar and now trades at $0.0809 or 0.00000297 BTC.
• Hokkaidu Inu (HOKK) traded 1.2% higher against the dollar and now trades at $0.0004 or 0.00000001 BTC.
• Jeff in Space (JEFF) traded 2.2% lower against the dollar and now trades at $2.75 or 0.00010076 BTC.
• Lumi Credits (LUMI) traded up 8.9% against the dollar and now trades at $0.0162 or 0.00000027 BTC.
• SolvBTC.BBN (SOLVBTC.BB) traded 6.4% higher against the dollar and now trades at $72,885.49 or 0.99029434 BTC.
• SolvBTC (SOLVBTC) traded up 1.9% against the dollar and now trades at $72,556.82 or 0.99552016 BTC.
• AXIA Coin (AXC) traded 0.1% lower against the dollar and now trades at $13.43 or 0.00048094 BTC.

About Wrapped BNB

Wrapped BNB’s genesis date was September 4th, 2020. Wrapped BNB’s total supply is 1,582,885 tokens. Wrapped BNB’s official website is www.binance.org. Wrapped BNB’s official Twitter account is @binance_dex.

According to CryptoCompare, “BNB is the native currency built on the Binance Smart Chain. Why do you need wBNB? BNB doesn’t conform to BEP20 Standard: BNB and BEP20 tokens are designed to achieve different purposes. Wrapped BNB can be traded directly with alt tokens: wBNB can also be converted back.”

Buying and Selling Wrapped BNB

It is usually not presently possible to buy alternative cryptocurrencies such as Wrapped BNB directly using U.S. dollars. Investors seeking to trade Wrapped BNB should first buy Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as GDAX, Gemini or Changelly. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Wrapped BNB using one of the aforementioned exchanges.

WBNB/USD price chart by TradingView