binance coin price prediction

Even with all the regulatory attention Binance caught recently, they are still the most popular crypto ecosystem. The ChangeHero team collected the news, analytical insights and Binance Coin price prediction 2021 and beyond in this updated article.

Binance Coin price prediction 2021–2030

YearPrice forecast, $
2021431.58–1,300
2022334–525
2023765.10–1,025.42
20241,269.40–1,653.24
20251,058.67–43,960
20306,989.16–8,736.45
  • Bullish Binance Coin price prediction 2021 claim the currency can hit $1,000 as soon as this year;
  • Binance Coin price prediction 2022 looks more realistic and promises ranges in the hundreds, between $334 and 525;
  • By 2025, the $1,000 mark is considered to be the price floor, and the highest BNB can go from there on is at an impressive mark of 100x at $43,690.
  • If Binance Coin is still around in 2030, it can be worth around $7–8 thousand or even more.

What is Binance Coin?

Binance coin logo
Source: Unhashed

Binance Coin (BNB) is a cryptocurrency developed for use within the ecosystem of the Binance cryptocurrency exchange. 

It was launched in 2017 in an ICO (Initial Coin Offering) on Ethereum to fund the launch of the exchange. Later, it migrated to its own blockchain called Binance Chain.

The primary use case for Binance Coin is to pay for the trading fees on the exchange. As the Binance platform grew, new use cases emerged. 

Now users can use their Binance Coins by funding IEOs on Binance Launchpad or paying for travel expenses on TravelByBit

In our Binance Coin Beginner’s Guide, you can find more info on the tech and history of BNB.

Binance Coin Price History

Binance Coin price in 2017–2019

bnb price 2018 2019
Source: CoinMarketCap

As an ICO, the tokens were sold for about $0.1. Just a month later, when the token was being traded on exchanges, the BNB price was already over $2.5. 

The Binance Coin launch coincided with the Bitcoin rally, and by 2018, BNB’s price skyrocketed to $22.63. Since then, Binance Coin’s price movements have somewhat diverged from the rest of the market. 

It experienced the bull market longer, from February up until June of 2018. Then the bears regained the initiative, and Binance Coin’s price went down to $6 by the end of the year.

By the time of the mainnet migration on April 23, 2019, Binance Coin’s price was $24.20. Then the price reached $39.57 on June 22, 2019.

While this is an example of how BNB defied the market-wide trend, crypto winter caught up to it, too. In the second half of 2019, it finished the year 180% down from the then-ATH at $13.57 per coin.

BNB Price in 2020–2021

bnb price 2020 2021
Source: CoinMarketCap

Binance Coin’s price in 2020 caught the post-crypto winter uptrend and went back up to $26.38 in February. Yet another crisis changed the course and took the price down to $6.96 when the market crashed in March.

The opening price of BNB in 2021 was about $37.67, which is 441.23% up from the March crash. This was only the beginning: Binance started to nurture the DeFi ecosystem on Binance Smart Chain. 

It exploded, and the BNB price followed it, pumping as high as $690.93 (May 10, 2021) — the current ATH. This rapid growth took Binance Coin to the third place in the crypto market capitalization ranks. 

At the time of writing, BNB is worth $439.60.

What influences the BNB price?

Binance Smart Chain

The main catalyst for the parabolic growth has been the DeFi boom on the Binance Smart Chain. Venus and PancakeSwap, decentralized exchanges on BSC, have a total value locked comparable with Uniswap and Aave. 

The BSC DEXs accumulated a $7.84B TVL in Q2 alone, while Uniswap and Aave had years.

Like Ethereum uses ETH, BSC uses BNB to pay for gas fees. Lower fees allowed Binance Coin to take the third place among all cryptocurrencies right now.

Quarterly burns

From the very beginning, 200 million BNB tokens were put into circulation but every three months a calculated amount of BNB is burned. This is set to continue until 100 million are burned and the total supply remaining is 100 million. 

On the one hand, reducing the supply increases the value of the remaining coins. Doing so in predictable time intervals won’t cause supply shock. 

On the other hand, the amounts burned so far constitute a small share of the total supply. In the sixteen burning events, only 32 million BNB out of 100 got burned.

In the latest BNB burn, the rate of burning has been ramped up. A total of 1,296,728 BNB, equivalent to $165,791,000 were erased from the supply.

Binance’s Regulatory Status

In 2021, Binance received multiple warnings about lack of authorization in several jurisdictions: Spain, United Kingdom, Malta and others. The “decentralized team” and lack of concrete registration did not help Binance to keep working worldwide, so they changed the strategy.

Binance will now employ stricter anti-money laundering measures and double-down on KYC. They have also hired KYC Compliance and Investigation specialists from the ranks of most experienced professionals.

Binance Coin on Twitter

The BNB-USD chart broke out above all moving averages, but user NFTeddy insists this is not the limit.

The Binance ecosystem now hosts hundreds of dApps. One of those, Spartan Protocol focuses on the cryptocurrencies native to this ecosystem, including BNB.

Binance and BNB have got new Twitter emojis to go with their hashtags. Only a few cryptocurrency hashtags, including Bitcoin, have them.

Binance Coin price prediction 2021

LongForecast Binance Coin price prediction 2021: $630

Using historic and technical analysis, LongForecast agency points at a $495 target at the year’s close. As far as this forecast is concerned, the rally peak will be seen in November at $630.

BraveNewCoin Binance Coin price prediction 2021: $1,200-1,300

Renowned technical analyst Josh Olszewicz gave a couple of insights into the price trends of Binance Coin. According to him, BNB is one of the coins with the real utility, and the BSC fees make it more attractive in comparison to Ethereum.

In a bullish scenario, which is in line with the sentiment prevailing on the market, BNB can go up to $1,200–1,300. Bearish scenario will see BNB at $50.

WalletInvestor Binance Coin price prediction 2021: $497.813

Slightly less bullish evaluation for Binance Coin is given by another service, WalletInvestor. BNB can close 2021 at anywhere between $431.58 and $576.06.

Binance Coin Price prediction 2022–2024

TradingBeasts Binance Coin price prediction 2022: $334–525

Some Binance Coin price predictions state that in the next few years the price will be growing. Others like the TradingBeasts’ forecast suggest a bit more grounded scenario. 

Their data shows a slow decrease with some fluctuations in a year, with the minimum of $334 and maximum at $525. 2022 will close with BNB costing $420.73 on average.

DigitalCoinPrice BNB price prediction 2023: $884.74

Let’s refer to a more forward-looking assessment than Binance Coin price prediction 2022. According to this prediction for 2023, the average price of BNB that year will total to $884.74.

Even the averages will be volatile, flooring at $765.10 and reaching $1,025.42.

WalletInvestor Binance Coin prediction 2024: $1,269–1,653

Throughout the year 2024, WalletInvestor claims, BNB will see an uptrend. Opening the year at $1,269.40 on average, by the end of the year BNB can change hands closer to $1,653.24.

Binance Coin Price Prediction 2025

DigitalCoinPrice Binance Coin price prediction: $1,298.60

binance coin price prediction 2025
Source: DigitalCoinPrice

In 2025, the price of Binance Coin will be fluctuating wildly, prediction-generating platform DigitalCoinPrice forecasts. 

The lowest price averages will be seen in March ($1,058.67) and October ($1,123.64). Meanwhile, in January the price of BNB is predicted to grow up to $1,453.30. 

Gov.capital Binance Coin price prediction: $1,123–1,429

Another price prediction web-platform gives a slightly less bold but bullish figure.  Gov.capital claims that in exactly five years from now, the price for a single BNB may be anywhere from $1,132.573 to $1,429.879.

Cryptogeek Binance Coin price prediction: $4,396–43,960

Cryptogeek writers speculate that in five years, Binance Coin can be worth ten or hundred times more than currently. This makes their estimate stand between $4,396 and $43,960.

Binance Coin Price Prediction 2030

The Cryptocurrency Price Prediction website theorizes that by the end of the decade, BNB will fluctuate between $6,989.16 and $8,736.45.This prediction is extremely bullish, but given how hard it is to give an accurate forecast, it might as well happen.

ChangeHero Prediction for Binance Coin

Most of the forecasts show a very bright future for BNB. Traders in their short and long-term predictions agree that Binance Coin’s fundamentals are strong. 

The forays into DeFi provide that investors can be sure in the future of the currency. We also find Binance Coin to be one of the most interesting coins out there which are guaranteed to succeed.

How to exchange BNB on ChangeHero?

By the way, did you know that you can exchange Binance Coin on ChangeHero? Swap it with other coins and tokens from our list, now is the time if you ask us!

Please note: Mainnet (Binance Chain) Binance Coin and Binance Smart Chain BNB have different tickers on our website: BNB and BNBBSC respectively. We will not be able to retrieve a transaction if you send assets on the wrong chain!

  1. Choose the currencies on the home page, amounts and the type of exchange. Provide your wallet address in the next step and check the amounts;
  2. Double-check the provided information, read and accept the Terms of Use and Privacy Policy;
  3. Send in a single transaction the sum of cryptocurrency you will be exchanging. Fixed Rate transactions have a 15-minute limit;
  4. All done? Now we are doing all the work: checking the incoming transaction and doing the exchange as soon as it arrives. The Best Rate transactions will use the rate current to the time when your funds arrive. The Fixed Rate will use the rate at the time of step 1;
  5. As soon as the exchange has been processed, your BNB is on the way to your wallet. 

ChangeHero’s customer support is available 24/7 in the chat on our website or through the email: [email protected].

Conclusion

Binance ecosystem development shows no signs of slowing down. The growth catalyst which made BNB’s way into the top three is DeFi. Who knows what else the Binance ecosystem can incorporate to keep BNB even more relevant?

We would love to hear your thoughts on the future of Binance Coin. Other articles in our blog can spark an equally interesting discussion, too! Feel free to follow our pages on social media: Twitter, Facebook, Reddit and in Telegram.


Disclaimer

This article does not constitute financial or investing advice. No price prediction or forecast is guaranteed to provide exact information on the future price. Past performance is not indicative of future results.

When dealing with cryptocurrencies, remember that they are extremely volatile and thus, a high-risk investment. Always make sure to stay informed and be aware of those risks. Consider investitions in cryptocurrencies only after careful consideration and analysis and at your own risk.

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Frequently Asked Questions

Is Binance coin a good investment 2021?

Most expert opinions agree that BNB is a good investment in 2021.

What will Binance coin be worth in 2022?

In a year, BNB can be worth anywhere between $334 and $525.

What will Binance coin be worth in 2025?

Estimates given for BNB in 2025 aim for $1,058.67 to $43,960.

What will Binance coin be worth in 2030?

Estimates given for BNB in 2030 aim for the range of $6,989.16 to $8,736.45.

What is the future of BNB coin?

Most analysts agree that BNB has strong value, a solid use case, and shows no signs of slowing down.

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Title
Binance Coin Price Prediction for 2021–2025 and 2030
Article Name
Binance Coin Price Prediction for 2021–2025 and 2030
Description
Binance coin is on a massive bull run, thanks to DeFi. BNB price prediction 2021 suggests the price will go as high as $1,300 by the end of the year.
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ChangeHero
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