What is Binance coin?
Binance coin is a cryptocurrency coin offered by Binance exchange. It trades with the BNB symbol. It is ERC 20compliant standard coin on an Ethereum blockchain. It has a limit of maximum 200 million BNB tokens. You can buy Binance coin (BNB) from Binance US if you are from the US or Binance.com if you are an international user.
Let’s take a detailed look at Binance coin price prediction in this article.
Who created Binance coin?
A Chinese-Canadian business executive, Changpeng Zhao (CZ) is the brain behind Binance coin and the Binance exchange.
Binance Coin (BNB) Historical Price Analysis
Many traders out there are more interested on the bnb price prediction 2021, but they are not keen on the historical price analysis. This is a vital factor for all the long-term investors. Did you know that Binance has been active since 2017 as a cryptocurrency platform? Apart from the BNB, there are seven more tokens built on top of this coin.
Currently, the price is at $129.50 and more than 15, 575,183 BNB are traded on a daily basis. BNB has registered a trade volume of more than $2,017,006,096. It traded on more than 27 exchanges and has more than 280 active markets.
Historical price analysis is mandatory for all the cryptocurrency investors. It is one of the trading strategies that have proven to be amongst the best.
BNB Market Cap
After a recent spike, Binance coin makes a significant gain in prices. According to BNB price prediction 2020, the coin price goes down and sometimes high depending on the situation on the market as well as Government policies. It is worth mentioning that BNB recorded an all-time high of $20.1 billion market cap in early 2021. During this time, it recorded a price of $133.13. Note that the lowest as well as the highest price for BNB was$6.61 and $147.81.
BNB Circulating Supply and Total Supply
We are all aware that Bitcoin undergoes halving which takes place after every four years. This adversely affects the reward for mining new blocks. The same applies to Binance Coin that also has a maximum total supply.
During Binace’s launch, its total supply was capped at 200 million. Nonetheless, the Binance platform obliterates Binance Coins as time goes by.
This will cut the supply by half thus leaving us with 100 million Binance Coins in existence. This is important for the purposes of keeping the price stable.
Currently, Binance has 154, 532,784 circulating Binance Coins.
Binance Coin Price Today – Current Price
During this writing, the Binance Coin price (BNB) is at $127.93.
Binance Coin (BNB) Future Price Forecast Prediction
BNB Price Prediction Forecast
Let us have a look at some of the prediction figures outlines of potential high as well as low BNB price predictions forecasts in 2021, 20222, 2023 and 2025 among other years as presented by different analysists and industry experts
Year High Low
2021 $172.00 $55.30
2022 $223.50 $78.50
2023 $295.00 $94.60
2025+ $485.00 $175.00
Binance Coin (BNB) Short Term Prediction
Binance Coin Price Prediction 2021
Well, many investors out there are wondering what the crypto experts are forecasting regarding Binance coin price in 2021. This is the time that they ask themselves whether they should buy BNB today or not. It is always advisable that you start analyzing the cryptocurrency prediction early enough. Now that we are in early 2021, it is vital to look ahead and find out what BNB has in store for us.
Based on the Walletinvestor report, BNB price is expected to register a growth of 17.31% come mid-2021. This will push the price to $40. This price will go down towards the end of the year, maintain a slight increase compared to the current price.
The blueish trend simply gives the investors a positive and encouraging sight. We must attest that BNB experienced an adverse impact in 2020, but still from the look on the graph, there is hope for it to beat its ATH.
The bnb price prediction 2020 stated that BNB price would slump early this year but from the look of things, this did not happen.
- com: $141.85
- Coinpedia: $70
Binance Coin (BNB) Long Term Prediction
What are the experts forecasting for Binance coin in 2021-2025?
When looking at the bnb price forecast under long-term prospects, it is vital to consider 2022-2025. Keep in mind that other cryptos experienced optimistic guesses for 2021. However, what can happen to BNB five years down the line?
DigitalCoinPrice’s recently reported that BNB is currently in an absurd volatile period. What was predicted for 2021 may not proceed to 2022 due to lack of consistency in prices.
Binance Coin Price Prediction 2023
This report further states that come 2022, BNB price will hit a new all-time high of $130.09 in the first quarter of the year. Unfortunately, this will not last for long. In the second quarter, all the digital assets will fall back to roughly $97.99, slightly higher than the current price. Come November, the price will have crashed to $29 and by March 2023, the price will have fallen even lower than $27.
Binance Coin Price Prediction 2025
In simple reality, Binance Coin is extremely volatile. Further predictions has it that its price will not go lower than $27 though it will stick around $30 and go up to $100 plus. Did you know that Binance coin price prediction 2025 may go through a bear market in between with BNB crashing from a new all-time high of $145.02 or whatever level it can go up further to a $42.25? This is expected to take place just within a period of one month.
Other analysis such as Captain Altcoin claims that Binance Coin may achieve an ATH of $250 in 2025. The platform Cryptocurrency Price Predictions claims that BNB is quite volatile. We cannot compare this prediction with that DigitalCoinPrice which is extreme or Captain Altcoin that is a bit optimistic.
Below is the Binance Coin Price Prediction 2025 from various sources
- Captain Altcoin: $285.42
- Coinpedia: $150
Binance Coin Price Prediction 2030
According to cryptocurrency Price Prediction, Binance Coin is likely to hit, a new all-time high of more than $200 come May 2025. Between September 2022 to April 2025, the price will stick around $70 or $87.52. Moreover, its sudden increase to $240.58 will be a big thing having achieved $170 earlier. According o these reports, the last eight months of 2025 will be unprecedented as the year is expected to close at a price of $287.53. Did you know that BNB price predictions 2030 states that BNB will achieve a price of $461.03 come that time?
Having looked at the BNB long-term price prediction, it is clear that Binance Coin has higher chances of performing quite well in the near future. According to these predictions, the value of this coin could rise to $154 come end of 2021. It will further experience a rise to $193 in 2022 and later achieve a unique price of $350 come 2025.
Is Binance Coin A Good Investment?
Even though the volatility rate of BNB is quite high, we still believe that that is a good investment. Having looked at the technical analysis of the BNB price prediction for various years, we must attest that indeed it is going to be the safest and the best investment ever in the cryptocurrency market. Binance is a good investment because of its relative stability.
Is Binance Coin Safe To Buy?
Binance Coin is one of the safest cryptocurrencies out there. However, we are not certain regarding this statement. Keep in mind that BNB is also one of the top utility tokens of 2021 hence deciding on its safety is all on you having gone through this article.
How to Buy Binance Coin (BNB)? Step By Step Guide
Are you interested in buying one of the top utility tokens in the crypto market? We must attest that since its ICO, BNB has registered a tremendous growth resulting to appreciate value in BNB. Let us learn how we can buy Binance Coin online as discussed below:
- Acquire a Binance Coin wallet
- Find your BNB address
- Buy BNB using another crypto as well as your credit card
- You can either withdraw your BNB or leave them on your wallet for future use.
That is how you can seamlessly buy your BNB. Moreover, if you are an investor, you can use eToro and skip all the three steps.
Best Crypto Exchanges to Buy Binance Coin
It is worth mentioning that Binance coin is a native token of the Binance exchange. The platform used this coin to fund its creation via ICO. These are the exchanges to buy Binance Coin:
- KuCoin Cryptocurrency Exchange
- Binance US Cryptocurrency Exchange
- Binance International Crypto Exchange
- Changelly Crypto-to-Cryto Exchange
- YoBit Cryptocurrency Exchange
- Bitit Crypt ocurrency Marketplace
How Much Is Binance Coin Worth?
At the time of writing this article, the Binance Coin is worth $129.89
How High Will Binance Coin Go?
According to Long-term Binance Coin price prediction, Binance is likely to perform very well in future. BNB price predictions 2030 states that BNB will achieve a price of $461.03 early 2030.
Factors Affecting The Price Of Binance Coin
Apart from the price prediction of 2021-2025, it is also crucial to know the three factors that affect the price of BNB. This information helps in analyzing the price history as well as in predicting the future. This information will help you monitor the previous market, current market as well as the future market.
The factors that influence the Binance Coin price prediction and BNB coin price are
- Supply and demand
- The success of ICOs
- The total supply of the Binance Coin
Takeaways – Binance Coin Price Prediction BNB
- Binance Coin is a popular product launched by a cryptocurrency exchange platform known as ‘Binance Exchange.
- Binance Coin (BNB) is the world’s safest as well as tenth-largest cryptocurrency that enjoys pride of a current market capitalization of $4,379,824,720.
- Binance Coin (BNB) is the safest and the best investment option for any long-term investor.
- Binance coin is a cryptocurrency coin offered by Binance exchange. It trades with the BNB symbol
- Binance platform users can utilize Binance Coin to invest in ICOs launched part of the Binance Launchpad program
- Trading Beasts are not optimistic regarding the prediction of an average price of $26.819 from January this year.
- WalletInvestor is promising that Binance Coin price will beat its all-time high of $38.91 and in turn hit a new high of$40 in early 2021.
- DigitalCoinPrice believes that BNB will experience an unstable price of $86.24 by end of the first quarter of 2021.
- Binance Coin hits its all-time high in June 2019 and not in 2017-2018 as compared to many other cryptocurrencies out there.
- The BNB long-term price predictions are more volatile as DigitalCoinPrice claims that Binance Coin will crash from its all-time high of $145.02 to as low as $42.25 within a span of one month come 2025.
- BNB will be the most popular cryptocurrency come 2030
- Cryptocurrency Price Prediction claims that Binance Coin is likely to hit a brand new ATH of more than $200 by June 2025. It further foresees a price of $461.03 towards the end of 2030.
- come 2022, BNB price will hit a new all-time high of $130.09 in the first quarter of the year
- Based on the Walletinvestor report, BNB price is expected to register a growth of 17.31% come mid-2021.
- The three most crucial aspects affecting the price of Binance Coin are the total supply, supply and demand as well as the excellence of the Initial Coin Offering that is launched as part of the Binance Launchpad scheme.
I am a data analyst by profession who loves to crunch numbers at daytime and come home wondering how my passive income numbers for the day look like. I believe in being rich rather than looking rich. Follow me for Cryptocurrency, FIRE, Personal Finance, Credit Cards and Digital Nomad updates