As of now, BNB price is $248.61 with BNB market capitalization of $39,768,953,579.37. Editor-in-Chief of the BitcoinWisdom site, I’m responsible for ensuring all the content on our website is accurate, relevant, and helpful. I am a cryptocurrency advocate and I have been following the crypto space since early 2012. I have written extensively about Bitcoin and my work has appeared in some of the most respected publications. In this period, the Binance Coin price would rise from $778 to $824, which is +6%.
In February the price had dropped below $10 and was fluctuating in $8 to $10 range until late March. Since March 31 the price was always above $10, reaching up https://tradecrypto.com/news/crypto-industry-news/coinflex-starting-an-arbitration-procedure-to-reclaim-84-million/ to $15 at times. The resurgence continued the whole spring through and finished only in late June. During that period the BNB price was moving from $12 to $17.
Dollar To Binance Coin Forecast For 2022, 2023, 2024, 2025 And 2026
Binance Coin is famous for how closely it tracks Bitcoin’s market direction. The fact that BNB didn’t hit a new high during the October/November peak, when Bitcoin and many other coins did, is also remarkable. Binance Coin pricing for another five years indicates that the BNB token’s cost may skyrocket.
Is Binance good for long-term?
Binance shows steady growth
The success of the exchange can be attributed to its user-friendly interface and low fees. Binance's native coin – BNB – has been a long-term profitable investment. The coin is currently selling at $268.61, after reaching an all-time high of $686.31 in May 2021.
With the Binance Charity, BNB tokens can be used to offer charity. Binance blockchain empowers entrepreneurs and helps in developing several projects, and communities. Some of the developments in this field are Lifeform, Magicsquare, Tatsu, Meritcircle, etc. Some of the online services offering platforms like BitTorrent, Canva, Storm, etc. accepts BNB token as a mode of payment. In 2019, Binance Coin experienced pretty slow growth; however, it managed to get a price pump from its IEO launch project.
Binance Coin Price Prediction FAQ
It is not surprising that we are seeing advertisements almost everywhere. Most recently, they’ve been featured during the Super Bowl 2022. Overall, the Binance platform is giving a great example to other crypto networks on how to utilize both the token and the network. Aside from a native token, Binance has its own ecosystem.
Binance Coin price forecast at the end of the month $344, change for August 0.6%. Binance Coin price forecast at the end of the month $342, change for July -10.0%. Binance Coin price forecast at the end of the month $380, change for June 15.9%. Binance Coin price forecast at the end of the month $328, change for May 11.9%. Binance Coin price forecast at the end of the month $293, change for April 15.8%.
Basic Attention Token Price Prediction 2023
Binance is also reportedly looking to expand its blockchain capabilities and focus on Web 3.0 solutions. If it follows through, its influence on decentralised finance will become even more significant. Though not much has changed, the new name puts a greater focus on the BNB token, which is increasingly becoming more of a priority for Binance. In essence, ‘BNB’ has replaced Binance in their names, so now there’s only the BNB Chain and the BNB Smart Chain. Security and privacy topics are my main interests, and so, blockchain as one of the most strong security and privacy solutions of the modern industry excites me too.
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- Decentralized finance, also known as DeFi, is an industry inside the crypto market that offers financial services that do not depend on a centralized authority.
- Of course, this might sound absurd, but truthfully, it is still a possibility.
- He says that the direction BNB takes will depend on whether it retains its dominant position in the market.
The maximum for BNB of that period was reached on January 13 when the price peaked at $23.67. In the next few days, the price continued to drop gradually. That wasn’t solely Binance Coin’s decline as the entire cryptocurrency market began to lose its value those days. One https://tradecrypto.com/videos/crypto-videos/analysis-of-incoming-crypto-regulations/ of the key factors for that was the ban of cryptocurrency-related business in China — a significant player in the global cryptocurrency industry. It is also important to realize that the price of Bitcoin was allegedly manipulated and the value of $20k was unnatural.
Interesting Reddit posts about Binance Coin
Hence, many market enthusiasts are optimistic about the Binance Coin’s price rise. On top of that, it is the world’s largest crypto exchange- Binance’s host coin. Another major benefit of Binance Coin is that it can be used in other specific ICO investments via Binance’s Launchpad program. Binance creates an impeccable opportunistic framework wherein other virtual tokens can also be traded.
However, we can still make a calculation, no matter how accurate it might be. In the following two cases, if the current price moves by even 5%, these price predictions will be completely different. This time around, we will be exploring the potential “good” and “bad” case scenarios for both our 2025 and 2030 https://tradecrypto.com/cat_academy/altcoin-academy/s. Just like most other cryptocurrencies, BNB reached its all-time high price of $675 in May. Since its initial gains for 2021, BNB never fell under $250.
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It now stands at $8.6 billion, which is much bigger than Tron’s $6 billion. This growth was helped by Venus and Wombat Exchange which have grown their TVL by https://tradecrypto.com/news/dao-news/hacker-returns-olympusdao-300000/ 65% and 82% in the past 30 days. Therefore, BNB price rose because investors expect that Twitter will use the BNB Smart Chain for its future development.
Like Bitcoin, there is a maximum total supply of Binance Coin at 168,137,036 BNB coins, all of which have been dispensed. When it was first launched, the total supply was about 200 million; however, the Binance exchange intentionally destroys Binance Coin tokens over time. The price of BNB will increase as more investors get involved in the project. In year 2023, BNB will be worth about an average price of $377.68. BNB’s value is expected to continue to expand, as shortage tends to encourage price rise.
ChangeHeros BNB Price Prediction 2022
As per the market capitalization, BNB ranks among the top five biggest currencies and tokens. However, the BNB price has fallen to its lows due to the downbeat mood of the market. Inance, one of the largest crypto exchanges, has gained immense popularity in recent times. BNB Coin, the native token designed primarily as a utility token, has now secured a spot in the top five rankings in terms of market capitalization in the crypto market. Moreover, the Binance Coin price is believed to maintain a firm upswing in the coming days and head towards the desired target. Binance is also said to have one of the lowest trading fees.
- However, with time, the platform saw an increasing number of uses for BNB.
- The team anticipates that the value of BNB will decrease over time since the Binance fee rebate that Binance Coin offers its users will decrease each year.
- Besides, the April BNB burn also helped cryptocurrency to grow in price and achieve $14 per coin.
- BNB’s price for 2023 according to our analysis should range between $647.96 to $971.95 and the average price of BNB should be around $809.96.
- As a trader or investor who hopes to make noticeable profits, essential to maximize your profits by paying lower transaction fees.
We may receive financial compensation from these third parties. Notwithstanding any such relationship, no responsibility is accepted for the conduct of any third party nor the content or functionality of their websites or applications. A hyperlink to or positive reference to or review of a broker or exchange should not be understood to be an endorsement of that broker or exchange’s products or services. Still, there are several red flags about Binance and BNB. For one, a closer look at on-chain metrics shows that Binance is the biggest holder of BNB. Anentity listed as Binance 7 holds 52% of all BNB’s valued at over $2.3 billion.
- As seen on the daily chart, the bearish presence is becoming well-noticeable as more reds may come into play soon.
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- In particular, at the beginning of 2021, BNB experienced huge price increases that increased its value by billions.
- In short, BNB could cross USD by 2030, which means, almost a 50X gain from the current price.
What’s different about Binance is the number of cryptocurrencies supported and the reach of the platform. Earlier on, the exchange only enabled crypto-to-crypto trading. However, it has since branched out, allowing the trading of cryptocurrencies using fiat. Binance has a branch in the United States, Turkey, and Uganda.