Why is BNB so valuable?

Ah, an interesting question indeed. Why is BNB so valuable? Let's delve into the reasons. Firstly, BNB, as the native token of Binance, enjoys the strong backing of one of the largest and most trusted cryptocurrency exchanges in the world. This gives it a solid foundation in terms of liquidity and usage. Secondly, Binance offers a wide range of services and products that utilize BNB, such as trading fees discounts, staking rewards, and payments within its ecosystem. This widens its utility and demand, thereby increasing its value. Furthermore, Binance has been proactive in its expansion strategies, partnering with various projects and businesses, further enhancing the use cases for BNB. Lastly, the limited supply of BNB, coupled with its increasing demand, has also been a major driver in its price appreciation. So, these are just some of the reasons why BNB holds such value in the cryptocurrency world.