Binance Coin Price Prediction 2022-2031: Is BNB Ready for the Bull Run?
Binance Coin Price Prediction 2022-2031: Is BNB Ready for the Bull Run?
The current bear market has been tough on crypto investors, with most digital assets posting double-digit percentage losses. But amid the sea of red, a select number of cryptos have managed to post gains or modest losses. Dogecoin (DOGE), and Binance Coin (BNB) are oftentimes mentioned by analysts to show signs of strength during the bear market. How?
Although first hosted on the Ethereum exchange, Binance Coin (BNB) has subsequently migrated to its own Binance Smart Chain (BSC). This has allowed it to process transactions more quickly and efficiently. Recently, BNB has shown signs of strength, signaling the BNB is ready for the bull run soon.
ArchLoot, as a UGC NFT game built on BNB Chain, is gearing for the next phase of the closed beta test. Given its inaugural quarterly success in both product and community, ArchLoot now aims to push the schedule of the official launch by accelerating more active technical and marketing efforts; this event could very well be the shot in the arm for BNB.
A year ago, the observation was that BNB and LINK were the only two coins that really steadily went up during the bear market. It is quite likely that as BNB continues to grow in popularity, we will see wider use of BNB. With the introduction of the Binance Card, BNB could almost be used anywhere, though technically speaking, with every transaction, it will be converted into fiat.
A good indicator would be market performance. Let’s take a look at how BNB compares with other altcoins.
Today’s Binance Coin (BNB) price is $222.35 with a 24-hour trading volume of $1,135,924,516 USD. BNB is down 1.00% in the last 24 hours. The current CoinMarketCap ranking is #5, with a live market cap of $36,304,688,540. It has a circulating supply of 163,276,975 BNB coins and a max. supply of 165,116,760 BNB coins.
6 Binance Coin Price Predictions 2022-2031
What is Binance Coin?
The Binance coin is listed on the Binance trading platform as an individual coin, a digital asset, trading with the BNB symbol. Binance coin started in 2017 and is backed by blockchain. BNB coin runs on ERC20 Ethereum. the Binance ecosystem is designed to support a range of utilities, such as trading fees, listing fees, exchange fees, etc.
Furthermore, the main reason why Changpeng Zhao (founder of Binance Exchange) initiated the BNB coin was to remove many trading problems hindering the crypto market. The vision he had made solved those problems and, at the same time, made Binance coin a top competitor with other crypto exchanges.
Who are the founders of the Binance exchange?
Changpeng Zhao and He Yi started the Binance coin in July 2017. They first began Binance as an Initial Coin Offering (ICO), but today, Binance has become one of the most significant crypto coins globally.
The crypto token has garnered support from other partnerships which has helped its usage spread. It includes a partnership with Asia’s premier high-end live video streaming platform, Uplive, which sells virtual gifts for BNB tokens to Uplive’s 20 million-strong user base.
Binance coin is also supported by the platform, the mobile app, and the VISA debit card of Monaco, the pioneering payments and cryptocurrency platform.
Fortunately, price predictions are meant to cover price forecasts for Binance coins for a prolonged period. Therefore, short-term trends are not primarily instrumental in determining the future price of a coin. As a result, the Binance coin price prediction for 2022 onwards will focus on historical price actions and the price predictions from market experts.
Binance ’s CEO, Changpeng Zhao, visited El Salvador 4 months ago. His company, being the biggest cryptocurrency exchange in the world, and El Salvador, being the first country to adopt bitcoin as legal tender, something big is brewing. According to the Secretariat of Communications of the Presidency of the Republic of El Salvador, Binance’s CEO is visiting the country “along with other entrepreneurs, who are interested in knowing the investment possibilities.”
Is there a maximum supply of BNB coins?
Yes, a maximum supply of 170,532,785 BNB coins is available, and 153,432,897 have been distributed as of April 2021. Binance whitepaper says that half of the top supply was used for the ICO and public sale of the token.
BNB crushed it throughout 2021 as the Crypto Coin of 2021 and cemented itself as the third more popular coin in the world by market capitalization. Not a small feat, considering the phenomenal year that altcoins had. Several projects had their moment in the sun, capturing capital, headlines, and attention. No one got near Binance Coin, though. The award was given by Arcane Research.
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Binance Price History
The varying price differences of Binance Coin (BNB) can be studied better using Crypto Volatility Index (CVIX). CVIX helps to analyze the price dynamics and helps to ponder on essential elements that affect the current price and future Binance coin price. CVIX also carefully visualizes the algorithmic methods that demonstrate the market sentiment of BNB, either in a positive or negative light.
Binance coin had a remarkable 2019. It was positive in many aspects, and although the currency slowed a little in the second half of the year, it had a significant push by the end of 2019, primarily because of the IEO that was launched later that year. Binance coin price closed in 2019 with a gain of over 150%. However, the following year (2020), a noticeable downward pattern was noticed. It was ongoing for more than six months, mainly due to the pandemic at the beginning of the year. The downward trend was seemingly more extended than usual.
A significant characteristic of many cryptocurrencies is volatility, and the Binance coin suffers from the same. Binance coin has shown a lot of potential over the short-term price analysis. Let’s see what experts have to say about the BNB.
Coinfan’s Binance coin prediction is that BNB holds an optimistic future as that the current price rally might continue till the end of the year. Take a look at this progression in BNB prices.
The highest BNB price over the years. What’s up in 2022? from binance
With such a move, we should see the BNB price in the four digits in 2022. Money in the market is pouring into the leading crypto platform – BSC. The launch of BinanceNFT will bring a new uptrend back to the market. Do you share this popular opinion?
Binance Coin Technical Analysis
As seen on the Binance Coin price chart, a trend reversal is in the offing after a price pullback had occurred; this is corroborated by the RSI oscillating indicator coming from an oversold position to reach about 40. There is a possibility that the price of BNB will trend upwards, as it is obvious from its past performance; it might be a good time to pick a long position.
Binance Coin Price Predictions 2022-2031
According to projections by Wallet Investor, BNB is to fall from its current market price to $12.760 within the next twelve months. Following this prediction, BNB is considered a bad investment for long-term traders. However, Wallet Investor expects some gains in the token’s price in the coming days, with a possible upper limit of $246.417 and an average value of $229.266 in the coming days.
TradingBeasts forecasts the Binance native cryptocurrency to continue its downward trend until December. They predict this year’s market to close with a maximum price of 294.420, alongside an average price of $235.536. The team also anticipates a bearish BNB market for most of 2023, beginning from January to October. They expect a market recovery in November 2023, with BNB ending the year at an average market price of $201.108 and a maximum price of $251.384.
TradingBeasts predicts BNB will continue on the bullish run from the end of 2023 throughout 2024, with a minimum price of $285.588 and a maximum of $$416.714 projected by December 2024. Binance coin is expected to go as high as $529.427 by the end of 2025, with an average price of $423.542 and a minimum value of $360.010.
According to the forecasts by Longforecast, the BNB market is expected to remain bearish till the end of the year. By December, they predict a minimum price of $139 and a maximum price of $159. Their predictions also point to a further devaluation of BNB to a minimum price of $108 by October 2023. By November 2023, they anticipate the token to embark on an upward trend, closing the year with a BNB price range of $135 to $168.
Longforecast predicts BNB could maintain this bullish run through 2024, reaching a maximum value of $418. According to their forecasts, price pullbacks are expected in 2025, with the coin’s minimum price falling to $202. They anticipate another bull run from October 2025 till the end of 2026, with BNB hitting a peak price of $576 in 2026.
Binance Coin Price Prediction 2022
Last month, the BNB Beacon Chain became an open-source protocol making the blockchain accessible for developers to modify and build on. This change is expected to generate more interest in the BNB chain, which could spur the coin’s market price, resulting in an average price of $306.28 by this year’s end. We also expect the maximum and minimum prices to be $325.34 and $285.03, respectively.
Binance Coin BNB Price Prediction 2023
With plans to increase the validators on the BSC Mainnet from 21 to 41, the BNB chain would be more decentralized, leading to better security and stability. We expect such development to attract investors, resulting in the rise of the BNB market price in 2023. Our team forecasts a trading price range of $308.60 – $364.44, with a mean market value of $329.70.
Binance Coin BNB Price Prediction 2024
According to our Binance coin prediction for 2024, traders could anticipate a continuous rise in BNB’s maximum and average value to $413.06 and $341.22, respectively. However, we expect a fall in the minimum trading price to $284.55.
Binance Coin BNB Price Prediction 2025
In March 2022, the BNB Chain Application Side Chain (BAS) testnet was introduced to allow developers to run applications on separate blockchains connected to the BNB chain. With BAS, dApps will not have to vie for blockspace on the BSC Mainnet. The success of such implementations, in the long run, could contribute to Binance coin trading at an average price of $447.51 by 2025. We anticipate a minimum market price of $399.78 and a maximum value of $523.28.
Binance Coin BNB Price Prediction 2026
Our price forecasts for 2026 indicate BNB could experience a downtrend alongside a host of other cryptocurrencies. We expect the Binance coin to have a maximum price of $444.84, with the least possible price being $379.51. However, this could be a favorable year for prospective investors to purchase BNB at a lower price.
Binance Coin BNB Price Prediction 2027
In 2027, our detailed Binance coin price forecast projects a remarkable recovery from the previous bearish year. Traders could expect Binance Coin to be trading as high as $657.02, representing a 282.5% gain on today’s market price. The anticipated average and minimum prices are $557.16 and $445.69, respectively.
Binance Coin Price Prediction 2028
Per our predictions, 2028 could be a historic year for BNB as we anticipate the token could surpass its current all-time high of $690.93. We expect a BNB price range of $680.83 – $811.68, with an average market value of $739.59.
Binance Coin Price Prediction 2029
For investors, adding BNB to one’s portfolio could prove to be very profitable in 2029. Our predictions indicate a massive increase in the market prices to a minimum price of $911.64, an average price of $967.60, and a maximum price of $996.30.
BNB Coin Price Prediction 2030
According to our BNB price forecast, BNB could break the $1000 mark by 2030. We predict the token to trade at a mean market value of $1,062.30, with the minimum and maximum market prices being $1,028.75 and $1,089.15, respectively.
Binance Coin Price Prediction 2031
If the Binance crypto exchange continues with its planned expansion across Europe and Africa, this could significantly impact the growth of BNB in the forthcoming years. By 2031, we expect Binance coin to have reached an average price of $1,223.49, a peak price of $1,267.53, and a minimum market value of $1,144.30.
Binance Coin Price Prediction by Industry experts
As per AJ Five, a YouTube crypto analyst, the market value of BNB could continue to fall until the price of Bitcoin recovers because of the correlation between the price of BTC and several cryptos on the market. Also, Binance exchange is currently being investigated by the SEC for possible infringement on securities laws during its BNB token Initial Coin Offering in 2017, which could potentially spell problems for the exchange and Binance coin – it remains to be seen.
Conclusion: Binance Coin Price
Binance is expected to maintain its dominant position in the cryptocurrency exchange sector for the foreseeable future. The development of the Binance Chain network, new partnerships, regulatory news, and new use-cases will determine the trajectory of BNB going forward.
Despite the current market downturn, the outlook of BNB is optimistic for the time being. We expect the Binance coin to have a maximum price of $444.84, with the least possible price being $379.51 in 2026 which could also be a favorable year for prospective investors to purchase BNB at a lower price. This does not represent financial advice or a call to action. Therefore, you should do your diligence before investing in any crypto, including Binance coin.
According to our price predictions, the Binance coin has a bright future, with the potential to trade at 5x its current value in the next few years. Numerous developments are ongoing in the BNB chain, which could increase BNB’s adoption and value. Moreover, the Binance cryptocurrency exchange remains the largest global exchange and could be for many years.
The Binance coin is a cryptocurrency like any other, vulnerable to several market forces; thus, individuals are advised not to rely on these predictions solely but conduct thorough research before making investment decisions.
Is Binance Coin a good investment?
As one of the fastest-growing cryptocurrencies, Binance Coin has a large following of market enthusiasts who are confident in the coin’s future. Not to mention, it is the coin that powers Binance, the world’s largest crypto exchange. So, BNB could be a profitable investment based on its past price data.
Where to buy Binance Coin (BNB)
Binance Coin (BNB) is listed on several exchanges including Binance, FTX, KuCoin, Gate.io, Binance.US, and Huobi Global.
How do I deposit BNB?
The moment you activate the dropdown menu, you should see your profile, click on “Deposit,” and you will be directed to the deposit page. Once you get to the deposit page, you will select which coin you want to deposit. Binance supports the deposit of over 150 cryptocurrencies.
However, you will see a “Wallets” button at the bottom of your screen after logging in on mobile. Click it, and it directs you to your wallets page, then selects deposit and after you are redirected to the deposit page, you choose or search for the coin you want to deposit. You then follow the steps you are directed to follow, and your coin should be deposited.
How do I check the balance on my Binance account?
If you want to check your balance on Binance, you log in and go to the “Funds” section, and then you go to the “Balances” subsection. You will then see a list of cryptocurrencies; there are different coins, usually very long. On the left part of your screen, you will see the icons of each crypto coin and the name, On mobile, however, if you log in and go to your “Wallets” below the deposit button, you will see your “Portfolio” above the deposit button, and you will see your “Total Value (BTC).” There, you can check your balance.