Binance Coin (BNB) Price Prediction 2022: Will BNB Price Surge To $500?
Folks from the crypto town are well-versed of Binance, which is a cryptocurrency exchange platform. Binance is one of the eminent exchanges to trade crypto assets. The firm also hosts its very own digital asset “Binance Coin” (BNB). Which acts as a utility token, used to pay transaction fees.
Primarily launched as an ERC-20 token, BNB later migrated to its own blockchain – Binance Chain. Marketers have been waiting for a price run like 2021 when it soared close to 1688.77%. Are you keen on the Binance coin? Look no further, as we decode the plausible price prediction for 2022 and beyond!
Binance Coin (BNB) Price Prediction For 2022
The digital asset had commenced the year 2022 in a downtrend, with a price tag of $510.1. A crash on the 5th of January led to the price softening for the first two weeks. That saw the asset plummeting 20% by the 10th of January, taking the numbers to $406.1.
While it did pose a rebound to $503.9 over the next week. The flight was short-lived as the digital coin took a 50% dip to $337 on the 24th of January. Since then BNB price had been ranging in a parallel channel from $357.6 to its support of $436.6. Until the 29th of March, when it broke through the channel, which led to its quarterly trade closure at $450.
Binance coin has had a drastic fall in Q2, which is in tandem with the broader industry. The altcoin slipped down from $447.3 on the 1st of April, to $218.05 on the 12th of May. After a short-term rise to $339.5 by the 25th of May, the BNB price slumped down to $183.35 by June 18th. The 2nd largest altcoin at the time of press is changing hands at $219.65.
BNB Price Prediction For Q3
With impetus coming from the auto burner mechanism, the growing user-base of the smart chain, and the exchange platform. The valuation could soar to reach a maximum price of $270.1. On the contrary, falling volumes, and bearish sentiments could restrict the price to $206.8. That said, considering the projections we can expect a regular rate tag of $239.75.
BNB Price Forecast For Q4
If the Binance coin rhythms its euphoric trend from that of 2021, the price could escalate to its maximum target of $324.75. While a linear uptrend could settle the price at average levels of $286.6. The market turning skittish, alongside FUD and negative sentiments could take the price to $242.35.
Binance Coin Price Prediction For 2023
As inflation fears are likely to get adverse by the start of the new year, we can expect a decent price movement. If the upgrades of the network manage to push the price action. Then we can expect a rally to $549.3 by the end of 2023. In contrast, it may hover around $305.65, if any negative sentiments continue to prevail over the months.
Prediction Of BNB Price For 2024
If the Binance network manages to attract a wider audience, institutions, and big-money investors. The price of BNB might surge to a maximum of $888.12 by the end of 2024. On the flip side, if the network shrinks in dominance amidst stiff rivalry. BNB’s price might slip down to its minimum of $453.96.
Price Trajectory For 2025
By the end of 2025, BNB might continue to surge and it may break all its previous price records by touching new heights. Binance might introduce new features to its trading to enhance the minds of the investors to invest in BNB. As it introduced some features like Asset Conversion, Cross Collateral, and Price Protection.
In the course of time, BNB’s price might reach the $1287.48 mark. Contrastingly, massive sell-offs and events such as a crash could wipe down the gains to $673.62 by the end of 2025.
BNB Market Prediction
As per Wallet Investor’s predictions, BNB is forecasted to hit a maximum price of $499.109 by the end of 2022. The token is expected to trade at an average price of $379.558 and a minimum price of $269.373 by 2022. Wallet Investor anticipates BNB to trade at a maximum price of $714.996 by the end of 2023. And $1188.71 by the end of 2025.
Digital Coin Price:
According to Digital Coin Price, BNB will soar to reach a price close to $305 by the end of 2022. That said, the firm expects the minimum and average prices for the year to fall around $267.21 and $287.13. The analysts from Digital Coin Price pin the maximum targets for 2023 and 2025 at $341.66 and $490.57 respectively.
As per Trading Beast’s predictions, the BNB price is revised to hit a maximum of $297.149, by the end of 2022. The firm expects minimum and average trade closure at $202.061 and $237.719. According to the price forecast of Trading Beast. BNB could close the annual trade for 2023 and 2025, with an average price of $203.72 and $427.52.
The Long forecast predicts that the price may trend up to $148 by the end of 2022. The analysts from Long forecast expect BNB to close the trade at the minimum and average levels of $115 and $124. The prediction cites that the price might surpass $209 by the end of 2023. And $395 by the end of 2025.
Click here to read our detailed price prediction of Celsius (CEL).
What is Binance Coin (BNB)?
Binance coin is a cryptocurrency issued by the Binance exchange. BNB is a native coin that acts as a utility token. The Binance platform includes the Binance smart chain, Binance chain, Binance academy, Trust wallet, and research projects.
One of the significant benefits Binance has is its drive for development. As the company was established only as a cryptocurrency exchange platform back in 2017. Today, Binance has spread its services among numerous different platforms. According to the Binance website, its aim is to become the infrastructure services provider for the entire blockchain ecosystem.
Basically, the BNB token lets you earn discounts on the services of the Binance exchange platform. Which later becomes a decentralized exchange of blockchain assets. BNB also offers users access to advanced features to be used on the new decentralized exchange.
As aforesaid, Binance Coin (BNB) is the crypto coin of the Binance exchange platform. It was launched in 2017 by CEO Changpeng Zhao with co-founder & CTO Roger Wang. The name Binance is a combination of binary and finance. In the year 2019, many businesses started accepting BNB as a payment.
Since 2013, Changpeng Zhao has been actively involved with blockchain and cryptocurrencies. He has the experience of working as the head of development at Blockchain, and in 2015 he launched BijieTech. In 2017, Zhao officially introduced Binance, and he has been the CEO of the asset ever since.
He Yi is another co-founder and chief marketing officer at Binance. She was previously a TV anchor and presenter on China Travel TV in 2012. Later, in 2014, Yi co-founded OKCoin, which was one of the reputed fiat-to-crypto exchanges in China at the time. In 2017, she joined Binance with Changpeng Zhao, and together they formed the largest CeFi globally — Binance.
Our Price Prediction
The BNB price may increase if the company announces any new improvements. It might be a good investment for the future. As per Coinpedia’s formulated Binance coin prediction, the token might hit around $325 by the end of 2022. That said, negativity and bearish trends could curb the year-end target to $242.
Historical Market Sentiments
To read our in-depth price forecast of Celo (CELO) click here!
A: Binance Coin (BNB) is the native coin of the Binance exchange which is centralized. They have also rolled out a decentralized platform Binance Smart Chain.
A: Yes, BNB is a profitable investment for the long term. With initiatives such as auto-burn, numerous projects, and growing prominence, we could find it bearing fruits.
A: The maximum trading price of BNB could potentially reach $324.75 by the end of 2022.
A: The price of the digital asset could reach a potential high of $1287.48 by the end of 2025.
A: Binance Coin can be bought from cryptocurrency exchange platforms such as Binance, Coinbase, WazirX, etc…Source