1. Binance Coin (BNB)
The native token of the leading cryptocurrency exchange, Binance, BNB represents the baby of this bunch. With just one year of history, BNB and its parent exchange date back to just this summer. However, the Binance exchange grew rapidly to a multi-billion dollar startup in its first year of existence, and this gargantuan growth has carried over to its exchange token.
Currently, Binance Coin can be used as a base coin for any other coin listed on Binance, and it grants reduced fees and higher divisibility in its markets. BNB also grants voting permissions in coin listing contests and other special events. In the future, it will operate upon its own blockchain and act as the native currency for Binance’s future decentralized exchange. Additionally, projects are beginning to accept it, such as crypto loan platform Nexo, further legitimizing the coin and expanding its utility. Beyond being hot, it’s been one of, if not the, best-performing cryptocurrencies throughout the course of 2018. It’s currently the 16th largest coin by market cap at just over US$1.1 billion, and it’s quickly growing.