BNB coin, also known as Binance Coin, is considered expensive due to several factors:
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Utility: BNB has various use cases within the Binance ecosystem, such as trading fee discounts, participation in token sales, and more, which increases its demand and value.
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Limited Supply: BNB has a capped total supply, which creates scarcity and can drive up the price.
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Popular Exchange: Binance is one of the largest and most popular cryptocurrency exchanges globally, leading to high demand for its native coin, BNB.
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Development and Innovation: Binance continuously works on developing new features and use cases for BNB, increasing its value proposition for users and investors.
