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BNB Price Prediction

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Nov 30, 2022
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7 min read
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This blog post will cover:

  • BNB Statistics
  • Binance Roadmap
  • Crypto community about BNB
  • BNB Price Prediction 2022
  • BNB Price Prediction 2023
  • BNB Price Prediction 2024
  • BNB Price Prediction 2025
  • BNB Historical Price Analysis
  • Conclusion

BNB is a native coin of Binance Chain. Started as an exchange service, Binance developed its own blockchain and turned into an ecosystem. Initially the coin was based on the Ethereum blockchain, however, it later became a native coin of the Binance blockchain. At the beginning BNB was only used to pay for transactions. Since then the list of its use cases has expanded significantly. It is used across various services and platforms. So now it can not only be used to pay for transactions on Binance.com, but also to book travel accommodations (for example, on the website TravelByBit), for entertainment and financial purposes.

Binance Coin seems to be very promising despite the actual situation on cryptomarket in 2022. This asset is connected with the most popular crypto exchange in the world and it also appears to be the fuel of the BSC network. Other than the fundamental value, BNB is used for the Launchpad, giving investors a reason to hold the coins in their crypto wallets. During the launch of every new Launchpad, the customers’ quantity is increasing. BNB token has 2 burning mechanisms, which will cut the amount of the issued coins by 50%. The first mechanism is burning a part of BNB spent for the commission payment in the BSC network and a quarterly automatic burning of tokens to maintain the price. Binance is intensively developing the BSC based projects, creating the funds and grants.  

As the economics is recovering and investors are getting active, the cryptocurrency market awaits an inevitable rebound. As it happens, the attractiveness of crypto will increase for beginners also. Cryptocurrencies will continue to grow faster than fiat money and to set the new price records. The general increase of the crypto market and the players quantity is undeniable, and it will have a positive effect on the price of the coin that belongs to the most popular cryptoсurrecny exchange.

BNB Statistics

Price prediction at 12.08.2022:
BNB price: $284.409881012185
Market capitalization: $45496801039.700714
Volume (24h): $759658485.1215727
Circulating supply: 159969129.33468542 BNB
Total supply: 159979963.59042934 BNB
Max supply: 200000000 BNB

Binance Roadmap

The roadmap of the project is published on the official website. Here are some highlights:

  • Starting from the second quarter of 2022 the team is actively working on better decentralization, transparency, and multi-chain integration. The plan is to have more validator sets to create a decentralized validator network.
  • The other thing planned for the end of 2022 is the development of sidechains for flexibility, low transactions, and native tokens. This year should give a start to the next generation sidechain.
  • The beginning of 2023 will be marked with the development of lighter applications for non-DeFi Apps. They are supposed to solve the problem of long-term storage.

Crypto community about BNB

Binance has a very active community. When asked for support they happily share it.

BNB Price Prediction 2022

Price prediction at 12.08.2022:
Minimum BNB price for 2022: $167.57158064516128
Maximum BNB price for 2022: $10609.824000000002
Average BNB price for 2022: $7480.824760752687

Year-end BNB price predictions 2022:
Minimum expected: $167.57158064516128
Maximum expected: $312.20096774193553
Average expected: $240.47412903225813

BNB Price Prediction 2023

As of July 14, 2022:

Tradingbeasts.com predicts a price decline. It may fall to $136.4 in October, after that it may set up an upgoing trend. The price may reach $163.9 in December.

WalletInvestor.com has a less optimistic prognosis. According to this resource the price will remain below $100 throughout the year. Most likely it will fluctuate between $35 and $40 for the most part of the year, and will decrease by December.

Digitalcoinprice.com also foresees a downgoing trend, however, analysts here are more optimistic about the price. The year may start at $327.4 and close at $316.8. In the middle of the year we may witness some volatility. Longforecast.com predicts a slight decrease, which will restore next year.

BNB Price Prediction 2024

As of July 14, 2022:

According to Tradingbeasts.com the increasing trend will continue. It may hit $405.2 by December.

WalletInvestor.com analysts suggest that during the winter 2024 the price will try to fix at $20. However, starting from March it set up a downward trend. And it may reach $2.3 by the end of the year.

Digitalcoinprice.com predicts that the price will hit the $400 level, but most likely will not be able to hold it. And at the end of the year it may fall to $290.

According to Longforecast.com the price may go as high as $511.

BNB Price Prediction 2025

As of July 14, 2022:

Tradingbeasts.com does not expect any reasons for trend change in 2025.

WalletInvestor.com supposes that BNB has no chances to restore the price level and will continue to fall. It may close the year below $1.

According to Digitalcoinprice.com what could not happen in 2024, will happen in 2025. The price will surpass the $400 level, and has a chance to reach $548.

Longforecasts.com suggests that in 2025 the price will show significant volatility with no major increase. It may accumulate some potential to set up an upgoing trend in 2026.

BNB Historical Price Analysis

As of July 14, 2022:

All Time High (May 10, 2021): $690.93


All Time Low (Aug 1, 2017): $0.09611

BNB is known as a strong coin, thus, its price is more likely to grow in the future. Undoubtedly, it does not exclude some temporary setbacks. In our article you can read why the BNB price has decreased in June 2022.

After a long decline, the coin rebounded well from the price of $183.3. The upward movement takes place in the ascending channel, after the retest of the upper boundary of the channel, at a price of $280 we can expect an impulse movement to the price of $320. It is necessary to consider the risk of a rebound from the upper border and the march to the price of $238. When traveling to the upper border you need to closely monitor the volume of trading and the presence of a preponderance of buyers or sellers.

The main price driver for the BNB coin is a vast number of use cases. And the team is working hard on expanding into new areas. As crypto adoption is progressing, BNB may be ahead of the wave.

Conclusion

Binance team believes in the global economy, powered by cryptocurrency. They see their creation as a liberating tool for the community.

Binance is considered to be one of the top projects in the Crypto World. It is well-known and actively developing. The team managed to build a supportive community that helps it to grow further. Undoubtedly, the price of BNB has its ups and downs, nevertheless, it is an interesting project to pay attention to.

SimpleSwap reminds you that this article is provided for informational purposes only and does not provide investment advice. All purchases and cryptocurrency investments are your own responsibility.

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