Binance Coin or BNB, a token initially launched as an ERC-20 token in the summer of 2017 to power the Binance cryptocurrency exchange. This BNB price prediction explores the details of the project, the scope, and the future price movement in the years to come.
Binance had swiftly become one of the world’s largest cryptocurrency exchanges by its trading volume and revenue of $200 million in the second full quarter of working. The coin was released as a part of an initial coin offering (ICO) for usage at discounted trading costs, with some percentage of the tokens burned every quarter.
Binance later launched its own blockchain Binance Chain in April 2019, which replaced ERC-20 tokens. The developers also constructed a decentralized exchange in the form of Binance DEX that enables the traders to keep their cash in their own custody on the basis of the Binance Chain.
The token has even more functionalities, such as its application in the Binance ecosystem’s Binance Launchpad lottery system and different payments. CEO Changpeng Zhao (“CZ”) has also claimed that 90% of Binance employees choose to earn a portion of their income from BNB.
BNB Fundamental analysis
After being launched originally on Binance Coin as an ERC-20 token leveraging the Ethereum blockchain in April 2019, it took a good while before the Binance chain miannet was launched for Binance to convert its ERC-20 BNB tokens to Binance chain BNB coins.
Two months before the launch of the Binance chain’s testnet, rigorous testing was performed by the internal Binance team and some high-volume traders. With the help of Tendermint and the Cosmos Software Developer Kit (SDK), Binance decentralized exchange was built on the Binance blockchain.
Binance chain source code is not open-source right now. According to them, it is for competitive reasons, but they are planning to open-source the DEX and blockchain codebases as they get more adoption. Binance forked Cosmos for the creation of the Binance blockchain, which initially did not support smart contract features.
The aim behind Binance was to use the Tendermint consensus framework to solve some of the interoperability problems with inter-blockchain communication (IBC). It got audited by Quantstamp, which is a blockchain running parallel to Binance Chain optimized for blockchain applications.
BNB Price Analysis
Currently, BNB (BNB) can be bought using $322.85, and CoinMarketCap ranks it at number 4 in the entire cryptosystem. It has a circulating supply of about $163.28 Million and a total supply of $163.28 Million. With a maximum supply of $165.12 Million BNB tokens, it has a market capitalization of $52.71 Billion and a fully diluted market capitalization of $53.31 Billion. It is popular among investors and is expected to stay up in terms of price.
Rank: 4
BNB Price Prediction – Crypto Academy
We have predicted the price of the Binance Coin on the basis of its past performance in technology and price, but it can vary in the future due to any unpredictable events.
Binance Coin Price Prediction 2022
As per our BNB price prediction, the Binance coin can reach as high as $500 and as low as $450 by the end of this year. The average trading price can be around $470. The higher prices can be a result of the addition of more validators to the chain, leading to an increase in its demand, more than 2021.
Binance Coin Price Prediction 2023
With the growth of the exchange platform, the demand for the token will further increase due to the high interoperability and cross-chain compatibility of the Binance exchange. Our prediction about the future of BNB in 2023 is that the coin can be at a maximum of $650, and prices can even lead higher and brighter. Under the current scenario, Binance Coin’s average trading price can be $600, and the minimum possible price can be $550.
Binance Coin Price Prediction 2024
Suppose the BNB token maintains its positive momentum. In that case, the BNB price forecast might reach around the maximum of $755 by the end of 2024 as they are going to change itself into a delegated proof-of-stake (DPoS) consensus mechanism to enable the users to vote with their BNB for delegates. In the expected conditions, the average price can hit $690 and reach a minimum price of $600.
Binance Coin Price Prediction 2025
Binance Coin (BNB) can have a maximum price of $950 as it is focused on the crypto-native talent pool of the network’s new developer forum, available for all the community members of BSC. Its minimum price can be $750, with an average price of $850.
Binance Coin Price Prediction 2026
As per our BNB price forecast, the minimum price of a Binance Coin can be $950, and it is expected to reach an average trading price of $1000 by the end of 2026. A pessimistic approach for BNB coin price prediction is that the Binance Coin’s highest price may revolve around $1240 by the end of 2026.
Binance Coin Price Prediction 2027
Crypto Academy price movement and market analysis revealed that the BNB price can hit the maximum price level of $1510 in the year 2027. While the average price would be observed at the $1350 mark. The minimum BNB price for the year is expected to stand at the $1190 mark.
Binance Coin Price Prediction 2028
Binance Coin or BNB price would see a steady climb in the market owing to the very nature of the cryptocurrency. Another important fact is the advent of new tokens on its core infrastructure, pushing the price higher. The maximum BNB price in the year 2028 is expected to be $2170, while the minimum price can be as low as $1500. The average BNB price in the year is expected to be $1835.
Binance Coin Price Prediction 2029
Our analysts believe that the BNB price would hit the maximum price level of $3540 in the year 2029. The coin is seeing steady growth and temperament in the year 2029; however, the minimum price in the year can be as low as $2100. The average expected BNB price would be $2820.
Binance Coin Price Prediction 2030
Our BNB price analysis reveals that the coin price can reach a maximum value of $4800 by the year 2030. Our analysis is based on the Binance exchange growth and the fact that while other cryptocurrency exchanges are facing closure, Binance is thriving. The minimum expected price in the year 2030 is expected to be $3450, while the average price is expected to stand at $4125.
BNB Price Prediction – Market Overview
Binance Coin or BNB is one of the best investments in the crypto world, and authority crypto websites and experts endorse this statement.
Priceprediction.net
Price Prediction.net analysts expect the BNB price to reach a maximum level of $631.96 at the end of 2022. The average price of BNB (BNB) might go to $564.97 by the end of this year. If we estimate the five-year plan, it is estimated that the coin will easily reach the $2,517.93 mark.
In terms of price, BNB has an outstanding potential to reach new heights. It is forecast that BNB will increase in value. According to specific experts and business analysts, BNB can hit the highest price of $16,598.72 by 2030.
Wallet Investors
Wallet Investors call it a good investment. If you buy Binance Coin using $100 now, you will receive an amount of 0.3091 BNB. Their forecast on its price shows that it will be a long-term increase in its price. The price prediction for 2027 shows that it may have a price of $1727. An investor of BNB can hence get a revenue of +434% in the next five years. This will make your current investment of $100 may elevate up to $534.08 in that year.
Digital Coin Price
For 2022, Digital Coin Price experts predict a minimum price of $395, an average price of $425, and the maximum price to hit the $451 mark. By the end of 2023, the minimum price can be $428, and the maximum price can be $505, with an average trading price of $457. In 2025, the price of BNB can be as low as $555 and as high as $726. The average price can be $621 in 2025. And in 2030, it can have a minimum price of $1,428, a maximum price of $1,474, and an average price of $1,512.
Gov.Capital
Binance coin forecast shows that there can be a maximum price of $786 and a minimum price of $581 by February 2023. Binance coin prediction shows that the price can reach $628 with a rise of 69% by the year-end.
How to Buy Binance Coin (BNB)
You can buy a Binance token (BNB) very easily at the lowest costs and maximum security on Binance. So, we advise you to buy their tokens on their own platform.
Step 1: Login/Create an Account
You have to log in to an existing or create an account on Binance since it will act as the gateway to buying crypto. To get ready, sign up by entering your unique username and a strong password and verifying your identification. You can make registration by using the Binance application or by the website through email or mobile phone number.
Step 2: Select a Payment Method
As you have signed up, you can now select a way to buy the Binance coin (BNB) asset. At the top of the Binance website navigation, click on the “Buy Crypto” link to know the options available for you in your country. For a new user, the easiest way is to use a credit or debit card. The platform allows the use of both Visa and MasterCard. The other option easy for them is a bank deposit. Other options are to directly buy BNB from another user using Binance’s peer-to-peer service. Multiple options are also available for third-party payment channels. It would be helpful if you check the Binance FAQ section to check which ones are available in your region.
Step 3: Buy BNB
After signing up and finalizing your payment method, fulfill your requirements for the order and make it within a minute as you can confirm the order at the current price only in a minute. After a minute, you have to refresh the page to see the calculation of the new amount for orders based on the current market price.
After reading all the terms and conditions and getting satisfied with the outcoming amount of BNB, confirm the transaction and buy the Binance coin. After buying the crypto, you can store it on your Binance account or in your personal crypto wallet. On Binance, it can also act as a source of passive income by trading or staking the token.
Frequently Asked Questions (FAQs)
Is Binance (BNB) a Good Investment?
Yes, it is a good investment as Binance Coin is one of the fastest-growing cryptocurrencies, so most crypto market enthusiasts are optimistic about this coin and say that it is going to be the world’s largest crypto exchange.
Can Binance Eventually Reach $1000?
We can assume that Binance can be worth $1000 by 2026 by looking at the bright future of the BNB.
Where to Buy Binance (BNB)?
It is easy to buy Binance token (BNB) on Binance with the lowest costs and high security.
TakeAways
- BNB got launched originally on Binance Coin as an ERC-20 token on Ethereum in April 2019
- It took a few days after the Binance chain miannet launch for Binance to convert its ERC-20 BNB tokens to Binance chain BNB coins.
- Binance Smart Chain uses a proof-of-stake consensus algorithm for achieving an approximate 3-second block times.
- Their roadmap for 2022 will serve to increase the size of BSC 2021’s blocks and add more validators to keep its demand even higher.
- As Binance Coin is one of the fastest-growing cryptocurrencies, most crypto market enthusiasts are optimistic about this coin and say that it is going to be the world’s largest crypto exchange.
- As per our BNB price prediction, the Binance coin can reach as high as $500 and as low as $450 by the end of this year 2022.
- Binance Coin’s average trading price can be $600, and the minimum possible price can be $550 in 2023.
- Binance Coin (BNB) can have a maximum price of $950 as it is focused on the crypto-native talent pool of the network’s new developer forum in 2025.
- We can assume that Binance can be worth $100 by 2026 by looking at the bright future of the BNB coin.
- It is easy to buy Binance token (BNB) on Binance with the lowest costs and high security.
Disclaimer: The information provided on this page is most accurate to the best of our knowledge; however, subject to change due to various market factors. Crypto-Academy encourages our readers to learn more about market factors and risks involved before making investment decisions.