Will BNB Replace ETH Soon?
Binance the crypto titan seems to be riding another bull wave. So will Binance Coin reach $1,000 soon? Check these 2022-2030 price predictions.
Binance Card. Binance Smart Chain. Over $7.7 trillion cryptocurrency exchange volume. More than 28 million users.
Given Binance’s adoption and Binance Coin (BNB) utility, it’s highly possible for BNB to reach $1,000 by 2022.
Just look at BNB’s past performance! BNB skyrocketed from around $37 in January 2021 to $686 in May 2021. Recently, it enjoyed another high of $666 (November 2021). Comparing BNB’s initial price of $0.10 and its price today, that’s around 4,200X ROI!
As Changpeng Zhao (CZ) tweeted, “A $500 investment in $BNB back in mid-2017 would have made you a millionaire today.”
That’s right! With a solid foundation team and strong development map – and a market cap larger than UBS and Santander – many believe that BNB is one of the best investments in both the short and long term. Some experts predict that in the years to come, BNB may even hit the $2,000 mark… and continue growing.
So let’s explore some BNB price forecasts for 2022-2030.
Latest News & BNB Price
We all know that market news and announcements are crucial in determining crypto dynamics. So is there anything new in the crypto sector that can help BNB reach a new zenith in its price history?
Despite its regulatory ups and downs, and the latest warning issued by the FCA in the UK, Binance is still the most prominent crypto exchange that cannot be stopped anytime soon. Binance is currently discussing with PT Bank Central Asia and PT Telkom Indonesia a possible venture. If Binance manages to tap into Indonesia’s market, where many people remain unbanked, that could help BNB shoot to new highs.
Let’s not forget that to ensure the freedom of money promoted by Binance, mass adoption and cooperation are crucial. As stated on their website, “At Binance, we believe in facilitating adoption in a healthy way through proactive collaboration with local regulators and leading the industry to a common destination – a safe and secure crypto experience for all users.” No wonder that in addition to BNB, Binance offers BUSD, Binance Pay, NFTs, and much more to expand globally.
Another major event is the Bruno Upgrade v1.1.5 of the Binance Smart Chain, which took place on November 30, 2021. Many explain that the new burn mechanism acts as a deflationary impulse, which means that this hard fork may open the door to a gradual rise in BNB prices.
According to the prominent YouTube channel Coin Bureau, Binance pushing for ESG-friendly and sustainable trading might also affect its future growth.
People Also Ask
No doubt the future of Binance seems exciting! But before we explore different price forecasts, let’s also answer some frequently asked questions that can help us understand BNB potential first.
Is Binance Coin a Good Investment?
Based on technical analysis, market data, and expert forecasting, BNB Coin is a potentially profitable investment for both retail investors and institutions. Given its growth and utility, as well as the fact that BNB is the world’s leading crypto exchange, many feel enthusiastic about BNB as an investment.
What Will Binance Coin Be Worth in 2022?
Some experts predict a minimum price of $476 and a maximum price of $891 for 2022, with the possibility to enter into 2023 at over $1,000.
How Much BNB Be Worth in 2025?
According to some overly optimistic forecasts, BNB might be worth around $1,800 by 2025.
Are BNB and BUSD the Same?
No, BNB and BUSD are totally different. BNB is the native crypto powering the BNB ecosystem. In contrast, BUSD is a stablecoin pegged to the USD dollar.
Binance Coin Technical Analysis and Price Forecasts
Now let’s cut to the chase.
Source: Binance
BNB Coin has come a long way since its launch in 2017. Note that the price set per one BNB was $0.10 before their Initial Coin Offering (ICO) – when BNB managed to raise $15 million.
Historical Data 2017-2021
- Despite all the bulls and bears, BNB Coin remained resilient during the crypto winter following the crypto crash of 2018;
- BNB welcomed 2019 with an average price of above $6 per coin and peaked at almost $39 in June 2019. In fact, 2019 was quite positive thanks to the IEO held by BNB, which helped BNB end the year with 150%+ gains;
- Like other cryptos, BNB crashed in March 2020 but managed to recover during the second half of 2020, and ended the year at $38.15. While in December 2020, BNB was ranked 10th, in two months it managed to outperform Cardano, Ripple, and Litecoin, and sit just behind Ethereum;
- It was in 2021 when BNB showed its true value, steadily increasing above $200 for the first half of the year. In May 2021, BNB Coin reached an all-time high of $686.31;
Source: CoinGecko
Live Price Data
As of December 12, BNB current price is $555, with a 24-hour trading volume of $1,379,830,026, and a live market cap of $92,698,777,265. It is ranking third, following Bitcoin and Ethereum (as per CoinMarketCap). According to a previous BNB Coin price prediction 2021, BNB is expected to reach $850 by the end of 2021 if it breaks its resistance level.
Price Forecasts 2022
As per the popular YouTube channel Crypto Never Sleeps, BNB holds a bright future. Based on a mixture of technical or fundamental analysis data, one of the most bearish forecasts for 2022 is $517 per coin, while some more bullish figures give us a maximum price of over $1,067.
Price Forecasts 2025
The next few years seem even more positive. As stated above, BNB may be trading at an average price of $1,800 by 2025. Some experts predict that BNB may reach a minimum price of $676 and a maximum price of $897, while other overly bullish predictions give us prices above $4,309.
Price Forecasts 2030
Experts, including Digital Coin Price, suggest that BNB will climb above the $1,000 mark by 2028 and potentially trade at $8,527 by 2030.
BNB and Partnerships Globally
Though BNB has been under the radar for some time, now many retail investors finally see its potential. And the best part is that global partnerships can accelerate BNB growth and cause a new price spike!
Source: Binance
In fact, the future of BNB is closely linked to that of the Binance Exchange platform. If Binance manages to reflect a positive momentum above its resistance level, BNB might reach new highs.
An interesting partnership is that of the Binance platform and Chiliz, a fintech company operating Socios. Socios is a sports platform partnering with FC Barcelona, Galatasaray, Juventus, Lazio, Paris Saint-Germain, and others, and allowing fans to buy fan tokens through the Binance Launchpad. As CZ said, “Chiliz became a part of the crypto world through Fan Tokens, which has shown huge potential in bringing crypto to mainstream audiences all around the world. We’re delighted to welcome Chiliz to the BNB ecosystem and look forward to empowering both fan engagement and crypto adoption among a captive audience of billions”.
Understanding Binance Coin (BNB)
Now when we know what can affect Binance Coin and its future price, let’s have a quick refresher.
What Is Binance?
Binance is one of the leading crypto exchanges in the cryptocurrency market based on daily trading volume. Though the BNB Exchange platform has had its share of regulatory issues globally, large corporations keep partnering with it and paving a bright future for BNB.
What Is Binance US?
Binance US is an exchange opened specifically to comply with US crypto regulations and serve US customers.
Is it Legal in the UK?
Due to stricter regulations globally, BNB is “not currently permitted to undertake any regulated activities without the prior written consent of the FCA.” Note that the FCA bans the promotion of CFDs of digital assets addressed to UK investors.
What Is Binance Chain and Binance Smart Chain?
Binance Chain is Binance’s blockchain that allows people to store their funds and develop dApps. Binance Smart Chain is newer and EVM-compatible. It uses a Proof of Staked Authority consensus mechanism, a combination of Proof of Authority and Delegated Proof of Stake, and enables dApps and smart contracts. This makes many experts ask “Can BNB surpass ETH.” Only time will show!
What Is BNB Coin?
BNB Coin is the utility token used on Binance. BNB holders can use BNB to trade, pay for fees or services, and much more. The ticker symbol of Binance Coin is BNB.
The Story behind Binance
Created in 2017 by CZ, Binance (Binary Finance, hence the name Binance) aims to deliver financial freedom via its numerous projects, such as Binance Chain, Binance Smart Chain, Binance Non-Fungible Tokens (NFTs) marketplace, Binance Academy, Trust Wallet, etc. Since the launch of BNB, more and more investors have got interested in Binance’s mission and the BNB token.
Source: Binance
How Many BNB Are in Circulation?
There are 166,801,148 BNB coins in circulation, out of the initial maximum supply of 200,000,000 BNB coins. Note that Binance employs quarterly burning to reduce the total supply by half. The burning that took place on July 18, 2021, was worth $390 million in BNB price.
Is BNB a Profitable Investment Option?
Yes, today BNB is ranked #3 in the cryptocurrency market per market capitalization and trading volume, which means BNB is a good investment. Note that BNB price was just $0.10 at their ICO. Taking BNB’s price today, that’s around 4,200X ROI.
Source: Binance
How Can I Buy BNB Coin?
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Disclaimer
The Binance Coin Price Prediction article above is for information purposes only and should not be considered investment advice. No price prediction can reflect a coin’s future price or replace professional financial advice. The price of BNB Coin can fluctuate on a daily basis, so BNB Coin price today cannot determine its future value. The crypto market is volatile, so never invest more than you can lose. Always do your own research regarding crypto regulations and carry on due diligence.