Binance Coin (BNB) Price Prediction – 2024, 2025 - 2030 (2024)

Jason Conor

September 16, 2024 at 06:05 UTC (10 minutes ago)

Binance Coin (BNB) Overview

Binance Coin (BNB) Introduction

By daily traded volume, Binance is the biggest cryptocurrency exchange on the planet. Its native coin, BNB, has lost a third of its value together with the rest of the market for cryptocurrencies.

As per the market capitalization, BNB routinely ranks among the top five biggest currencies and tokens. However, the BNB price has fallen as a result of the cryptocurrency markets’ sharp negative shift.

What future goal price for the currency is a reasonable one? This article examines the most recent Binance price forecasts to assist you in deciding whether to purchase, hold, or dispose of the currency.

What is Binance Coin (BNB)?

The Binance ecosystem, which includes its cryptocurrency exchange, has a native token called BNB.

The Chinese fiat-to-crypto exchange OKCoin was co-founded in 2014 by CEO Changpeng Zhao, also known as CZ, head of tradebook futures development at Bloomberg, head of development at Blockchain, and co-founder He Yi. Roger Wang, the company’s chief technology officer and a former employee of Nomura Securities and Morgan Stanley, also co-founded OKCoin.

The concept of Binary Finance is the foundation for the name Binance. The Binance ecosystem extends beyond the exchange and includes the blockchain-based initiatives Binance Chain, Binance Smart Chain (BSC), Binance Academy, Trust Wallet, Binance Research, and Binance Launchpad.

The BNB token is used to make digital payments, participate in token sales, and pay transaction fees on BSC. Exchange users who utilise BNB to pay their transaction costs will earn savings ranging from 10% to 25%. Based on the volume of trades, Binance burns coins each quarter to lower the quantity of BNB.

The quarterly coin burning by Binance will continue until 100 million BNB, or 50% of the supply, has been destroyed. In an auto-burn, the 19th BNB burn destroyed 1.8 million BNB, valued at around $741 million. Another 1.95 million BNB coins, worth around $629 million at the time of writing, are expected to be burned on the twentieth anniversary.

Initially, the Binance currency was an Ethereum blockchain-based ERC-20 token. However, the business introduced its own blockchain, the Binance Chain, which makes use of the Tendermint byzantine-fault-tolerant (BFT) consensus algorithm.

The Binance Chain (BSC) was introduced in September 2020 as a secondary chain to run smart-contract-based apps since, unlike Ethereum, the Binance Chain was not designed to enable smart contracts. Due to the rise of non-fungible coins and decentralised finance (DeFi) applications, this has gained increased significance (NFTs).

Binance (BNB) Fundamental Analysis

One of the biggest cryptocurrency exchanges in the world, Binance, introduced the utility token known as Binance Coin (BNB) in 2017. This launch is a component of the strategy outlined by Changpeng Zhao, who founded both Binance Coin and the exchange itself. His objective is the growth of the Binance ecosystem, which also entails the launch of a wallet, the creation of certain open educational materials, etc.

To be utilised for lower trading costs, BNB was first released through an initial coin offering (ICO) on the Ethereum network. But as the system developed, Binance Coin’s operation changed:

• BNB became the main method of fueling the network as transaction fees following the move to the Binance chain, including trading fees on the Binance DEX;
• Since it’s a well-liked method of paying for the goods and services in the Binance partner network, BNB is employed as a digital currency;
• Unlocking the unique access to select IEOs created on the Binance platform called Launchpad is another use case for Binance currency;
• Binance Smart Chain, a chain compatible with smart contracts, is also powered by BNB cryptocurrency.

Since the quantity of Binance Coin is continually decreasing due to deflation, the coin’s value and scarcity are rising. Binance burns part of the BNB that is in circulation each quarter in order to accomplish this.

Binance (BNB) Technical Analysis

According to technical analysis performed on Binance Coin, the price of BNB has been following a falling triangle pattern since mid-last year. At the conclusion, BNB’s price underwent a classic bullish breakout and is anticipated to revisit the closest barrier later.

Another encouraging indication, the price of BNB going above the moving average with healthy trading activity, supports this. Therefore, if the trend continues and Binance Coin’s price above the first resistance, the next important area to keep an eye on is probably around $430; how BNB’s price responds to this line may validate or refute longer-term predictions.

Binance (BNB) Current Price

Binance Coin is currently worth $546.14 USD. BNB has moved -1.53% in the last 24 hours with a trading volume of $1,714,181,813. Binance Coin is currently ranked 4 amongst all cryptocurrencies with a market capitalization of $79,701,008,286 USD.

Utilizing the relative strength index (RSI), moving weighted average (MWA), williams fractal (fractal) and moving average convergence divergence (MACD) from the chart above, we can determine price patterns for Binance Coin (BNB) to decide wether it is going to have a bullish or bearish year.

Binance (BNB) Price Predictions

At the time of writing, the short-term outlook for the price of BNB was still being calculated. On the other hand, price prediction models had a rather pessimistic outlook for the longer-term price of BNB. According to the algorithms, the price of BNB may fluctuate. So here are the BNB prediction models:

Our price prediction forecasts use real-time Binance Coin (BNB) market data and all data is updated live on our website. This allows us to provide dynamic price predictions based on current market activity.

Binance Coin (BNB) Price Prediction 2024

Binance Coin, according to some, is one of the most amazing cryptocurrencies to rise this year (BNB). The BNB price forecast for 2024 anticipates a significant increase in the year’s second half, possibly reaching $819.22.

As with other cryptocurrencies, the rise will be gradual, but no considerable drops are expected. Averaging $764.60 in price is quite ambitious, but it is feasible in the near future given anticipated collaborations and advancements. BNB is expected to have a minimum value of $655.37.

Binance Coin (BNB) Price Prediction 2025

In 2025, Binance Coin BNB price prediction has much room for expansion. As a result of the potential announcements of numerous new partnerships and initiatives, we anticipate that the price of BNB will soon surpass $1,365.36. However, we should wait to see if the BNB’s relative strength index comes out of the oversold zone before placing any bullish bets.

Considering the market volatility, BNB will trade with a minimum trading price of $1,092.29 and an average trading price of $1,201.52.

Binance Coin (BNB) Price Prediction 2026

If the upward trend continues until 2026, it could reach $1,911.50 and BNB may profit. If the market experiences a decline, the goal may not be met. BNB is expected to trade at an average price of $1,747.66 and a low of $1,638.43 in 2026.

Binance Coin (BNB) Price Prediction 2027

If Binance Coin successfully boosts market sentiment among cryptocurrency enthusiasts, the BNB coin price could remain stable for the next five years.

According to our projections, BNB will be green in 2027. The BNB is expected to reach and surpass its all-time high in 2027. In 2027, the virtual currency will be worth $2,457.65, with a minimum price of $2,184.58 and an average price of $2,293.81.

Binance Coin (BNB) Price Prediction 2028

After some extensive forecasting and technical analysis, we estimate the BNB price is expected to cross an average price level of $2,839.95 by 2028, with a minimum price of $2,730.72 expected before the end of the year. Furthermore, BNB has a maximum price value of $3,003.79.

Binance Coin (BNB) Price Prediction 2029

Due to the future partnerships that are expected to happen by 2029, we are expecting that a bullish trend will continue, bringing the average price to around $3,386.09. If BNB manages to break the resistant level in 2029, we could see a maximum price of $3,549.94, failing to gather the support BNB needs by 2029 could result in a low of $3,276.87.

Binance Coin (BNB) Price Prediction 2030

While BNB is striving towards interoperability between networks to hasten interaction, the bullish trend from the previous year is expected to continue. So the minimum trade price has been placed at $3,823.01 and a yearly price close above $4,096.08 in 2030.

Binance Coin (BNB) Price Prediction 2031

By 2031, Binance Coin will finally surpass its previous ATH values and record new price levels. The minimum price could be $4,369.15 and potentially reach a maximum price value of $4,642.23, averaging out at $4,478.38.

Binance Coin (BNB) Price Prediction 2032

The cryptocurrency market is known to be highly volatile which is one of the many reasons why price forecasting is a difficult task. BitcoinWisdom tries our best to forecast future price points with precision, however all predictions should not be taken as financial advice and you should DYOR (do your own research). In 2032, we are expecting cryptocurrency to have gained adoption across many sectors. As such, the maximum BNB price in 2032 is projected to be $5,352.21 in the event of a bull run, with an average price level of $5,133.76.

Conclusion

As of right now, BNB is a worthwhile investment because it is on a hiring spree during a cryptocurrency bear market, which is not the case with other cryptos at all, which are laying off their services and staff. Notably, major brands and other business giants are launching their operations on BNB in recognition of its exceptional model.

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