Overall, this BNB coin price prediction tells us that the price of Binance Exchange’s native coin could have the potential to surpass $1,000 between now and 2025. This is based on a range of factors from price history to technical and expert analysis.
“I’m much more confident with crypto than with banks or fiat currency because I can actually control it, and the money supply is transparent, stated up front. It makes online shopping a lot easier and a lot safer.”
– Erik Vorhees
In the world of crypto, the names of major players like Bitcoin and Ethereum are often how beginners get introduced to digital finance. Largely due to the impressive price journeys that have seen them go through mere cents to thousands of dollars. But they’re not unique.
There have been thousands of altcoins that sprung up since Bitcoin’s creation. Some have stood the test of time and demonstrated a price journey that is equally impressive to the likes of BTC. One of them is the BNB coin, the native token of the Binance Exchange.
After starting out at $0.15 per token, its price has surged past $500 this year, resulting in some phenomenal gains for early investors. Now in the wake of a price slump as investors sought to sell off their profits, many prospective investors are eyeing up positions in Binance.
If you’re one of these potential traders, then you’re in the right place. In today’s Binance (BNB) coin price prediction, we’re going to draw upon a wide range of factors from price history to expert analysis to try and bring you the most accurate forecast possible. As a bonus, we’ll also be showing you the easiest place to buy BNB coins for beginners.
What Is Binance (BNB)?
Firstly, let’s delve a little closer into just what the native token of the Binance Exchange is. Both the exchange and the native BNB coin were launched back in 2017. In the same year, the initial coin offering (ICO) took place that raised significant capital for the branding and marketing of the exchange.
During the ICO, the BNB coins were issued as follows:
- 10% of all coins offered to angel investors
- 40% to the founding team
- 50% to the various other ICO participants.
- A third was used to build the Binance crypto exchange and carry out upgrades to its ecosystem and the leftover 15% was held in reserve to be used in the event of any potential emergencies.
The Binance platform certainly used its investment from the ICO wisely. Within the space of just one year, Binance was facilitating more than 1.4 million transactions per second. It quickly surged in popularity and efficiency to become one of the most successful and largest cryptocurrency exchanges in the world.
Naturally, the BNB coin also shared the benefits of Binance’s growth. Boasting a huge range of uses on the exchange such as paying fees for trades, listings, and transactions, it became a staple investment for the more than 13.5 million users of Binance. The value of and its market capitalization skyrocketed from mere cents to hundreds of dollars as a result.
Today, the BNB coin remains a vital tool for anyone using the Binance Exchange. It is also a strong part of many crypto portfolios around the world. It shares the same volatility as many cryptocurrencies but has the potential to surge enormously in short spaces of time. Making it popular for both long-term trading and day trading strategies.
BNB Summed Up:
- The Binance Exchange is one of the largest exchanges in the world.
- BNB coin is the native token of the exchange and is used to pay for trading and transactions fees.
- A very popular cryptocurrency, it has since been bought by millions and is a popular part of many people’s crypto portfolios.
Pros and Cons of BNB Coin
It may be popular and have a bright future ahead, but that’s not to say that the BNB coin is without its flaws. To keep things transparent in this BNB coin price prediction, let’s take a look at some of the most widely viewed pros and cons of the native token of the Binance Network.
|✔️ BNB coin is a crypto token with high utility and real-world value.
|❌ Binance is in competition with other smart contract cryptocurrencies.
|✔️ The Binance Exchange is enormously popular and used by millions.
|✔️ It boasts low fees and high speeds, causing many to see it as a potential competitor to Ethereum.
FAQ about Binance
A coin used by millions of people around the world daily naturally has a number of commonly asked questions surrounding it. We like to leave no stone unturned when it comes to explaining crypto in our price prediction articles, so let’s look at some of the most frequently asked questions surrounding BNB coin.
What Is the Difference between Binance and BNB?
Binance is a major cryptocurrency exchange and BNB coin is the native token used to pay for fees on the exchange. It can also be used outside the exchange. Various vacation websites allow users to pay for holidays using BNB. Some financial institutions accept it for collateral on loans. In addition, BNB can be used to invest in ICOs listed on Binance’s Launchpad program.
BNB Coin Price Prediction: How High Can It Go?
It’s clear that the Binance Exchange is here to stay and so is its native coin. Since it hit the scene in 2017, Binance has grown to manage millions of transactions a month and expanded its number of investors enormously, demonstrating the ability to scale as a digital asset. In recent years, the price surges of Binance have continued to amaze, and many experts believe that BNB has the potential to reach $5,000 per coin by the year 2025.
Is BNB a Stablecoin?
No, BNB is not a stablecoin. However, unlike the likes of Bitcoin and Ethereum which have both seen extreme highs and lows over the years, Binance Coin (BNB) has been relatively stable. As a result, it’s a popular investment for the more cautious investor.
Can You Mine BNB?
No, Binance’s native BNB coin cannot be minded as it isn’t a proof-of-work coin. It’s actually a proof-of-stake coin. This means that you buy it then invest it as a stake.
BNB Price History
After coming along in 2017, the price history of BNB is not as extensive as other cryptocurrencies like Bitcoin. However, that’s not to say that it isn’t equally enthralling. The native coin of the Binance Exchange has skyrocketed from mere cents to hundreds of dollars in the space of a few years.
The price history of a coin can help make a price prediction more accurate, and this BNB price prediction is no exception. A good example of its price history is 2021.
At the beginning of 2021, the price of BNB started at a mere $37.40 and rose to just over $50 by the beginning of February. But by the middle of the month, the price skyrocketed to $332. This was the ultimate test for investors who were keen to cash out their profits as bigger rewards were incoming.
By the middle of April, the price jumped to $598 per coin and would then reach $675 by May. Naturally, this caused a price dip as many investors sold off their BNB positions to take their profits. The price of BNB dropped to a low of $264 in July. This was the perfect chance for investors to buy back in.
By September, the price had almost doubled to over $500. Following another price dip to $336, the price surged again and went on to hit $654. Currently, the price has dipped slightly in the wake of an investor sell-off. Many experts predict that such dips are the perfect time to buy BNB in anticipation of another price rise. But let’s delve into the technical analysis first.
BNB Coin Price Prediction | Technical Analysis
Technical analysis is one of the most powerful tools we can use to gain a relatively accurate BNB price prediction. Drawing on the likes of Japanese candlestick, chart patterns, and trading indicators from its price history, we can assess year by year time frames of Binance’s native coin.
Binance Coin Price Prediction 2022 – 2023
After starting 2022 at around $520 per coin, it’s looking like BNB will see a price rise to $671 within the first six months of the year. In the second half of 2022, we could see the price of BNB hit $822. From the current price, that’s an impressive increase of +134%.
Binance Coin Price Prediction 2023 – 2024
Rolling into 2023 at $822 per coin, the future only looks bright for BNB. The technical analysis predicts that it could see another rise in price to $970 by the middle of the year. In the second half of 2023, the BNB coin could hit a major milestone as it surpasses the $1,000 mark to finish the year at around $1,116. An increase of +218% from the current price.
Binance Coin Price Prediction 2024 – 2025
Following its milestone of $1,000, it’s thought that 2024 could see an initial price drop in the first six months as BNB slightly shrinks to $1,011. The price drop is thought to continue into the year and see Binance enter 2025 at around $894. At the current price that’s an increase of +154%.
BNB Coin Price Prediction | Expert opinions
As a major player in the cryptocurrency scene, the future price of BNB is a hot topic commonly discussed amongst crypto experts around the world. As a result, their insights can provide us with a useful tool to gain a forecast into the price future of Binance’s native token.
The popular Youtube channel called Crypto Addiction recently released a Binance coin prediction video entitled “Could Binance (BNB) Make You A Millionaire?”. In this BNB coin price prediction, they examined the latest news surrounding BNB, incoming updates, and price history. Overall, it looked like BNB would have no problem surpassing the $1,000 mark.
In a very insightful Binance coin prediction video released by Crypto World, they examined why people only need 5 BNB coins to make a significant profit. They used a case study that looked at the profit one would have made if they purchased 5 BNB in November. Their profit would have been over $2,785. By 2025, they predicted that BNB could surpass $1,000.
Crypto Never Sleeps
The fast-paced crypto channel called ”Crypto Never Sleeps” recently released their own BNB coin price prediction. Drawing upon a range of insightful factors, they came up with the prediction that we could see a Binance coin price equal to $4,000 by the year 2025. A positive outlook indeed, but BNB’s price history has shown us that a lot is possible.
Conclusion on BNB Coin Price Prediction
Overall, the Binance Exchange and its native token have come along in leaps and bounds since it was launched in 2017. After starting out at a mere few cents per coin, the native token of the Binance Exchange has since surged to hundreds of dollars.
In this Binance coin (BNB) price prediction, we’ve drawn upon a range of insightful factors ranging from expert analysis to technical insight. Based on the ever-growing number of Binance coin (BNB) users combined with institutional investors and increased functionality, it looks as though Binance and BNB have a very bright future ahead indeed.
But whilst there are many newcomers to the crypto sphere keen on getting involved with BNB, many face a stumbling block when it comes to buying it on major crypto exchanges. Luckily, there is a far more straightforward and effective way to buy and sell Binance coin (BNB). The answer lies in a trustworthy brokerage.
Where to Invest in the Binance Coin Price Today?
As well as on the Binance Exchange running on the Binance smart chain, you can buy Binance coin number of cryptocurrency brokers. In comparison to an exchange which often requires in-depth trading and online security knowledge, a brokerage can be a fantastic way for beginners to get involved with the world of crypto. One of the most popular options is eToro.
eToro is a well-renowned brokerage that is safe, easy-to-use, and reliable. It offers traders an array of unique features from copy trading to stop-limit orders. Overall, it provides an amazing environment for beginners who are looking into trading crypto.
As well as major cryptocurrencies like Dogecoin and Bitcoin, eToro is constantly expanding the range of crypto offered. From Ethereum to Litecoin, this reputable brokerage has many digital assets on offer. At the same time allowing you to diversify your crypto portfolio tremendously.
This BNB coin price prediction is for informational purposes only, not financial advice or investment advice. Binance coin (BNB) and other digital coins on the cryptocurrency market have potential rewards and risks. Despite the positive outlook, the predicted price analysis of Binance coin on the crypto market and is not guaranteed to be a good investment as a bearish trend is just as likely as a bullish trend when it comes to the price of Binance coin (BNB) its market cap. Price forecasts are not investment advice and anyone wishing to invest should do their own research and seek independent financial advice.