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Binance Coin (BNB) is a native token of the Binance exchange. It is used to pay commission fees on the exchange and trade in more than 50 cryptocurrency pairs. Recently, Binance coin showed impressive performance on the crypto market and outstood the Tether stablecoin from its third place.
What can potentially happen to Binance Coin price in the next five years? Let’s uncover some facts and prospects of Binance coin cryptocurrency.
BNB Overview
Our real-time BNB to USD price update shows the current Binance Coin price as $308.88 USD.
Our most recent Binance Coin price forecast indicates that its value will increase by 2.16% and reach $315.55 by May 22, 2023.
Our technical indicators signal about the Bearish Bullish 36% market sentiment on Binance Coin, while the Fear & Greed Index is displaying a score of 48 (Neutral).
Over the last 30 days, Binance Coin has had 14/30 (47%) green days and 2.43% price volatility.
Binance Coin (BNB) Technical Overview
When discussing future trading opportunities of digital assets, it is essential to pay attention to market sentiments.
Binance Coin (BNB) Price Prediction For Today, Tomorrow and Next 30 Days
BNB Prediction Table
BNB Historical
According to the latest data gathered, the current price of BNB is $$309.87, and BNB is presently ranked No. 4 in the entire crypto ecosystem. The circulation supply of BNB is $48,296,129,213.71, with a market cap of 155,858,802 BNB.
In the past 24 hours, the crypto has increased by $1.58 in its current value.
For the last 7 days, BNB has been in a good upward trend, thus increasing by 1.47%. BNB has shown very strong potential lately, and this could be a good opportunity to dig right in and invest.
During the last month, the price of BNB has increased by 5.36%, adding a colossal average amount of $16.61 to its current value. This sudden growth means that the coin can become a solid asset now if it continues to grow.
BNB Price Prediction 2023
According to the technical analysis of BNB prices expected in 2023, the minimum cost of BNB will be $289.26. The maximum level that the BNB price can reach is $345.31. The average trading price is expected around $401.36.
BNB Price Forecast for May 2023
Based on the price fluctuations of BNB at the beginning of 2023, crypto experts expect the average BNB rate of $312.17 in May 2023. Its minimum and maximum prices can be expected at $303.70 and at $320.65, respectively.
June 2023: BNB Price Forecast
Cryptocurrency experts are ready to announce their forecast for the BNB price in June 2023. The minimum trading cost might be $291.34, while the maximum might reach $356.32 during this month. On average, it is expected that the value of BNB might be around $323.83.
BNB Price Forecast for July 2023
Crypto analysts have checked the price fluctuations of BNB in 2023 and in previous years, so the average BNB rate they predict might be around $339.81 in July 2023. It can drop to $291.26 as a minimum. The maximum value might be $388.35.
August 2023: BNB Price Forecast
In the middle of the year 2023, the BNB price will be traded at $352.82 on average. August 2023 might also witness an increase in the BNB value to $401.36. It is assumed that the price will not drop lower than $304.27 in August 2023.
BNB Price Forecast for September 2023
Crypto experts have analyzed BNB prices in 2023, so they are ready to provide their estimated trading average for September 2023 — $327.29. The lowest and peak BNB rates might be $306.28 and $348.31.
October 2023: BNB Price Forecast
Crypto analysts expect that at the end of summer 2023, the BNB price will be around $330.80. In October 2023, the BNB cost may drop to a minimum of $297.27. The expected peak value might be $364.33 in October 2023.
BNB Price Forecast for November 2023
Having analyzed BNB prices, cryptocurrency experts expect that the BNB rate might reach a maximum of $366.33 in November 2023. It might, however, drop to $294.26. For November 2023, the forecasted average of BNB is nearly $330.30.
December 2023: BNB Price Forecast
In the middle of autumn 2023, the BNB cost will be traded at the average level of $337.30. Crypto analysts expect that in December 2023, the BNB price might fluctuate between $289.26 and $385.35.
BNB Price Prediction 2024
After the analysis of the prices of BNB in previous years, it is assumed that in 2024, the minimum price of BNB will be around $574.91. The maximum expected BNB price may be around $687.14. On average, the trading price might be $591.19 in 2024.
BNB Price Prediction 2025
Based on the technical analysis by cryptocurrency experts regarding the prices of BNB, in 2025, BNB is expected to have the following minimum and maximum prices: about $846.22 and $1,011.15, respectively. The average expected trading cost is $875.77.
BNB Price Prediction 2026
The experts in the field of cryptocurrency have analyzed the prices of BNB and their fluctuations during the previous years. It is assumed that in 2026, the minimum BNB price might drop to $1,228.50, while its maximum can reach $1,439.43. On average, the trading cost will be around $1,272.29.
BNB Price Prediction 2027
Based on the analysis of the costs of BNB by crypto experts, the following maximum and minimum BNB prices are expected in 2027: $2,160.35 and $1,767.12. On average, it will be traded at $1,830.74.
BNB Price Prediction 2028
Crypto experts are constantly analyzing the fluctuations of BNB. Based on their predictions, the estimated average BNB price will be around $2,659.87. It might drop to a minimum of $2,586.64, but it still might reach $3,017.78 throughout 2028.
BNB Price Prediction 2029
Every year, cryptocurrency experts prepare forecasts for the price of BNB. It is estimated that BNB will be traded between $3,872.15 and $4,460.51 in 2029. Its average cost is expected at around $3,978.55 during the year.
BNB Price Prediction 2030
Cryptocurrency analysts are ready to announce their estimations of the BNB’s price. The year 2030 will be determined by the maximum BNB price of $6,778.82. However, its rate might drop to around $5,676.85. So, the expected average trading price is $5,836.00.
BNB Price Prediction 2031
After years of analysis of the BNB price, crypto experts are ready to provide their BNB cost estimation for 2031. It will be traded for at least $8,002.64, with the possible maximum peaks at $9,661.00. Therefore, on average, you can expect the BNB price to be around $8,236.08 in 2031.
BNB Price Prediction 2032
Cryptocurrency analysts are ready to announce their estimations of the BNB’s price. The year 2032 will be determined by the maximum BNB price of $14,049.44. However, its rate might drop to around $11,520.56. So, the expected average trading price is $11,850.00.
What Is Binance Coin (BNB)?
Binance coin was released in July 2017 during the ICO. The main goal was to attract investments for the development of the Binance exchange. Initially, BNB token standard was ERC-20, operated on the Ethereum blockchain, and was not available for mining. On April 18, 2019, Binance Chain was launched, and all BNB tokens were moved to its blockchain in five days.
Under the ICO terms, 50% of Binance Coin tokens were distributed among investors, the team received 40% and 10% – venture investors. The team succeeded in collecting 15 million US dollars; the exchange was supported mainly by investors from China. This sum is not very impressive, since some projects raised a more considerable amount without a working business and products. Half of the money went to advertising and brand promotion, 35% – for platform development, modernization, and security, and the remaining 15% was directed to the reserve fund.
The BNB coin is subject to inflation, but the creators took this point into account even at the creation of the white paper stage. According to one of the white paper points, every three months, the Binance exchange sets aside 20% of its income for the subsequent redemption of coins and their burning. As a result, only 100 million BNB will remain, i.e., half of the initially issued volume.
On the Binance platform, the BNB Coin cryptocurrency performs three functions:
Acts as a trading assetUsed to reduce feesSuitable for paying for goods on platforms that accept Binance Coin
One can use Binance Coin to pay for any fees on the platform, including but not limited to: exchange fees, listing fees, and any other fees. When users apply BNB to pay for fees, they receive a significant discount, depending on the time spent using BNB to cover the fees.
For instance, the Binance users can have a 50% discount on trading fees during the first year since they started trading on the exchange. The trend leads to a 25% discount in the following year, 12.5% in the third year, 6.75% in the fourth year. The discount ends in the fifth year.
The token was established with a total supply of 200 million and is not mineable. As we have already mentioned, all the issued coins were either distributed or burned after the launch of the asset.
Binance has launched its own startup platform, Binance Launchpad. It publishes various interesting projects looking for investors, and Binance leads the IEO – the initial sale of tokens by the exchange. You can participate in IEO if you have BNB tokens, so each such project provokes a demand for Binance Coin.
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Frequently Asked Questions
In this section, we have collected the most popular questions regarding Binance Coin.
BNB price now
As of now, BNB (BNB) price is $309.73 with BNB market capitalization of $48,274,545,100.85.
Is BNB a good investment?
Considering current bearish trend in BNB price movements, it is expected the cryptocurrency will continue meeting price decline. Please, invest wisely and don’t forget to DYOR when investing in any type of asset.
Can BNB rise?
It seems that the average price of BNB might reach $411.48 in the end of the year. In five-year plan perspective, the cryptocurrency could probably rise up to $1,851.51. Due to price fluctuations on the market, please always do your research before invest money in any project, network, asset, etc.
How much will BNB be worth 2023?
BNB minimum and maximum prices might hit $398.98 and $446.57 accordingly.
How much will BNB be worth 2025?
BNB network is developing rapidly. BNB price forecast for 2025 is rather positive. The BNB average price is expected to reach minimum and maximum prices of $822.01 and $1,020.84 respectively.
How much will BNB be worth 2030?
BNB is provided with suitable environment to reach new heights in terms of price. BNB price prediction is quite positive. Business analysts predict that BNB might reach the maximum price of $6,658.54 by 2030. Please take into account that none of the data provided above is neither fundamental analysis nor investment advice. None of the information provided is $5,625.47
Will BNB go up?
According to the presented price predictions and recent price rise, Binance coin cryptocurrency can definitely go up a lot more in the future.
Is BNB worth buying?
Definitely. Not only as an internal currency of Binance exchange but as an investment option too, since the price of the coin is rising.
Where do I buy Binance Coin?
The most obvious answer is the Binance exchange. However, Changelly is here to offer you a smooth and instant BNB purchase with a credit card or Apple Pay. Check out our widget below to find out more about rates and possible fiat options.
Source: https://changelly.com/blog/binance-coin-bnb-price-prediction/
