How much will Binance Coin be worth in 2030? Although cryptocurrency prices are extremely volatile, the median Binance Coin price prediction is very bullish! Traders over on FXStreet expect Binance Coin to rise to $5,934 by 2025 and $18,456 by 2030. This means that in more or less than ten years, one Binance Coin will be worth nearly 50x its current price! The sky might as well be the limit for this BNB price prediction.
Where have I heard Price Prediction of Binance Coin before?
The cryptocurrency market has been taking over financial markets by storm. Binance Coin is one of the biggest coins in the crypto market. Since its inception, it has been exhibiting a long-term bullish trend that isn’t showing signs of slowing down.
The BNB coin started out as an ERC-20 token that operated on the Ethereum blockchain. After which, it eventually had its own launch. As of February 2022, Binance Coin had a market capitalisation of a whopping $73.5 billion—the third largest in the whole crypto market.
How has Binance Coin fared its price prediction so far?
Binance Coin’s price did astonishingly well last year. It went from $100 per coin to almost $700 per coin, translating to a 600% spike in less than 12 months.
Did you know? For the longest time, Binance Coin’s price hovered around $20. It even reached a low of $10 in March of 2020. But the price rebounded strongly the following year.
The latest news that could affect Binance Coin and its Price Prediction
– Binance halts activities in Israel
Binance has stopped trading activities in Israel since the country’s capital markets authority is starting to examine the Binance exchange licenses. The price dropped subsequently. The Capital Markets Authority in Israel has asked the Binance Exchange platform to clarify the nature of its activities. Recall, in the past, Binance also faced regulatory scrutiny over the past few months from a U.S. SEC probe.
Nevertheless, even with this news, famous analysts expect Binance coin BNB to continue its uptrend once it breaks out of the $430-$440 range.
– Bitgert overtakes Binance Coin BNB in search trends
Bitgert has overtaken Binance Coin BNB and Polkdaot as of February Google search trends. BNB coin is particularly sensitive to news like this, given the extremely volatile state of the cryptocurrency market.
– Binance rebrands its blockchain in Overture
Binance Exchange has rebranded the blockchain powering its platform in a bid to emphasise decentralisation. BNB coin, formerly Binance Coin, now stands for “Build and Build” as the blockchain token of the Binance Exchange. Binance’s CEO Changpeng Zhao said this is to stress the coin’s independence and deemphasise Binance’s role moving forward.
FAQs about Binance Coin Price Prediction
- What will the Price Prediction of BNB Binance coin be worth in 2025?
FXStreet expects Binance Coin to grow 16x to $5,934 by 2025. That’s more than 16x BNB’s current prices right now!
- Will BNB Binance coin Price Prediction reach $15,000 by 2030?
The market certainly hopes so! The BNB Price prediction is a steady uphill climb to $18,456 by 2030. However, it doesn’t look like a smooth uptrend until then. Naturally, the BNB price forecast also takes into account pullbacks every once in a while.
For example, trader and analyst @WalterCripto on Twitter noted that the downtrend of BNB coin’s current price could prolong. In the second half of 2022, however, analysts predict a jump to as high as $670.
Will I earn money if I buy BNB coin?
We cannot stress this enough, the cryptocurrency market is extremely volatile and is prone to negative price shocks all the time. Historical performance is not indicative of future results, so even if Binance Coin performed exceptionally in the past, there is no assurance that it will continue to do so in the future. There is no assurance that you will earn money if you buy BNB, or any other digital asset for that matter.
The prices of any crypto coin, not just BNB, depend on a lot of different variables such as on-chain and off-chain metrics, technicals, historical price, real-world usage, and even prevailing market sentiment.
A variety of technical analyses by famous traders could affect Binance Coin Price Prediction
– Bearish outlook
Akash Girimath of FXStreet expects Binance Coin to give the upswing another go. BNB price was rejected by the 50-day SMA between Feb 15 to 17, which inevitably led to a 7% retracement. The resulting downtrend pierced the 4-hour supply zone. He said BNB coin had found a foothold in the $396 to $404 area, where it is trying to stabilise. This support level will likely lead to a strong bounce back to the 50-day SMA at $430, which he said is the first signficant hurdle in the path for BNB.
Beyond this level, Girimath noted that the price could retest the 200-day SMA positioned at $475. This whole uptrend would then be equivalent to a 17% ascent. Long term investors can nonetheless benefit from these muted price movements as of late.
– Bullish outlook
Trader and investor @CryptoTony_ from Twitter said that Binance Coin’s price could increase towards $500 before correcting. This is based on a wave count technical analysis, which assumes BNB will soon begin the C wave that could push it towards the resistance at $500.
Note, however, that crypto prices are extremely finicky. Therefore, the current levels stated here could change by the time you’re reading these analyses. For short and long term investors alike, it is very important that you do your own research to determine whether or not Binance Coin is a good fit for your investment needs.
Binance Super Bowl?
The Binance Exchange platform launched a new ad ahead of the Super Bowl featuring NBA start Jimmy Butler, of all people! In the commercial, Butler said you shouldn’t rely on celebrities shilling crypto investments. Butler also urges traders to do their own research.
What are BNB’s uses?
Binance Coin is a major utility token on Binance Exchange. BNB is essentially an in-house asset that can be easily traded on the Binance Exchange platform should an investor not wish to purchase a new digital currency.
CEO Changpeng Zhao created Binance in 2017. It was first based in China before relocating to Caymans Islands because of crypto restrictions in China. BNB operates on two chains, the Binance Smart Chain (BSC) and the Binance Chain. These are both proof-of-stake consensus mechanism and always require validators to confirm blocks.
BNB is also largely used as the fuel for the BSC, which is the parallel chain for smart contracts and dApps. Around 759 projects are currently running on the BSC ecosystem, including DEXes, DeFI lending, non-fungible tokens, and stablecoins.
Where is Binance Coin listed?
The BNB token is listed on multiple exchanges, including Binance, KuCoin, Bithumb, and FTX.
Disclaimer
This is not investment advice. You should not solely rely on the price predictions found in this article. Don’t start trading based on the data found here since the market is extremely volatile. Forecasts are never a sure thing, and a lot of factors come into play. There is always a risk that you could lose your entire capital, so you should never invest more than you can afford to lose.