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Binance Coin (BNB) is the native token of Binance – the world’s largest cryptocurrency exchange. Although BNB has several use cases within the scope of the Binance ecosystem, it’s also widely used by investors to gain exposure to the exchange’s growth and success.
This article presents our in-depth BNB price prediction, covering the token’s price history and detailing our thoughts on its value potential. We’ll also highlight where investors can buy Binance Coin today before showcasing several alternative cryptos that investors may wish to consider.
BNB Price Prediction Summary
We’ll go into more detail on our BNB price forecast later in this article, detailing why many market participants now believe it to be the hottest crypto to buy. But for now, here’s a brief overview of our price estimations for the years ahead:
- End of 2022: BNB is currently one of the top cryptos to watch, given everything going on with the FTX exchange. We’ll discuss this shortly, but the ongoing conditions lead us to believe that the price of BNB could hit $350 by the end of 2022.
- End of 2023: Assuming Binance continues to dominate the crypto market, we should see demand for BNB rise even more. If this occurs, our BNB forecast estimates the coin’s price could reach $500 by the end of 2023.
- End of 2025: BNB’s value is inherently linked to the growth of the Binance exchange – which will be fuelled by further innovation in the crypto market. For this reason, we estimate that BNB could be valued at $700 by the end of 2025.
- End of 2030: Finally, we estimate the BNB crypto price could hit $2,000 by the end of 2030. This would represent a 606% increase from today’s price.
Check Out Our Recommended Crypto for 2022
Binance Coin Price History
Before diving into the details of our BNB price prediction, it’s essential to provide some context by summarizing what Binance Coin is and how its price arrived at this point. As defined by Binance itself, BNB is the native token of the BNB Chain – Binance’s decentralized ecosystem.
The BNB Chain was actually formed by the merger of the BNB Beacon Chain and the BNB Smart Chain, both of which have their own use cases. The BNB Beacon Chain uses the BEP2 standard, also used by the BNB coin, enabling users to make fast and low-cost transfers.
On the other hand, the BNB Smart Chain is a blockchain network that allows decentralized application (dApp) developers to build their projects. Interestingly, the BNB Smart Chain has smart contract functionality and is compatible with the Ethereum Virtual Machine (EVM).
So how does this relate to BNB? Put simply, BNB powers the entire ecosystem, allowing network users to make trades, conduct staking, invest in new projects, and even as a speculative asset. One of BNB’s main benefits is that it provides some hefty trading fee discounts for Binance users –25% off spot/margin trading fees and 10% off futures trading fees.
Although Binance Coin isn’t a new cryptocurrency, it has been in the news for reasons we’ll discuss in the next section. However, BNB has maintained a relatively strong reputation as an investment asset following its tremendous price rise in early 2021.
Between January 2021 and May 2021, the BNB token price surged by 1,586%. According to CoinMarketCap, this created an all-time high of $690.93. However, this high was short-lived, and the price immediately crashed – along with the rest of the crypto market.
The BNB coin price rose again in November 2021, yet the bullish run ended just before May 2021’s highs. This marked the last time BNB had any extended upwards momentum, as since then, it has been on a consistent downtrend. At the time of writing in November 2021, Binance Coin is valued at just $279 – around 59% lower than all-time highs.
Before diving into our BNB price prediction for the years ahead, let’s briefly recap some key points concerning the Binance Coin price history:
- Binance Coin (BNB) is the native token of the BNB Chain ecosystem
- BNB has various use cases within the ecosystem, such as paying for trading fees, investing in new projects, and even paying for goods and services
- BNB had its first significant bull run in early 2021, hitting an all-time high of $690.93 in May 2021
- After a dramatic fall, BNB rose once more in November 2021 – yet couldn’t breach previous highs
- Since November 2021, BNB’s value has decreased substantially and is now 59% lower than its all-time high
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BNB Price Prediction 2022
Now that we’ve covered the BNB price history, let’s focus on our Binance Coin price prediction for the years ahead. No discussion of BNB’s prospects would be complete without touching on the situation unfolding with FTX – as this will likely play a considerable role in BNB’s value in the coming years.
FTX has emerged as one of the most promising crypto exchanges over the past year, thanks to strong leadership by Sam Bankman-Fried. FTX has a sister company called Alameda Research, owned by Bankman-Fried, which means the financials of both entities are inextricably linked.
Binance was one of the first investors in FTX and opted to ‘exit’ its investment in July 2021, which saw the exchange given $2.1bn worth of FTT – FTX’s native token. However, recent reports have emerged that Alameda Research’s balance sheet is incredibly overexposed to FTT, which appears to have spooked Binance CEO, Changpeng Zhao.
So, on November 6th, Zhao tweeted that Binance would be liquidating all of the FTT they own. At the time of writing, Binance’s FTT holdings amounted to over $500m. Naturally, a liquidation of this size caused panic in the markets – leading to a huge ‘run’ on the FTX exchange.
Due to this liquidity crunch, FTX had to suspend withdrawals, causing the value of the FTT token to drop by around 90%. Just when things were at their bleakest, Binance opted to swoop in with an olive branch by offering to buy FTX, thereby ‘saving’ the exchange from extinction.
At the time of writing, this situation is still unfolding – and reports are already circulating that Zhao (and Binance) have backed out of the deal. Either way, if FTX goes under or Binance acquires the exchange, Zhao and his company will own a tremendous market share, estimated to be over 50% of the total crypto market.
But how will this affect Binance Coin? When the news emerged, a glance at the BNB price chart showed a 20% price increase – and then an almost-instant reversal by 31%. This has made BNB one of the most volatile cryptos on the market, with nobody really sure which direction the price will head.
With all of that in mind, our BNB price prediction estimates the coin could value at $350 by the end of 2022. This would be around the same price as before the FTX price broke, representing a 25% increase from today’s price.
BNB Price Prediction 2023
The BNB price today is hovering around the $279 level and looks to have been rejected from the vital support region at the $250 price point. Naturally, this has led many on social media to become bullish about BNB’s prospects – causing even more upward momentum.
The whole saga with FTX will likely play into Binance’s hands, as Sam Bankman-Fried has become a controversial figure within the scope of the crypto market. Bankman-Fried had already made sizable political donations and was more than happy to work with regulators, leading many to believe that his actions would cause the crypto market to become more ‘centralized’.
Many of the best long-term crypto projects rely on decentralization, so Bankman-Fried’s actions were viewed with concern, especially by Changpeng Zhao. The fact that Bankman-Fried (and FTX) are now out of the picture is excellent news for Binance, as it means the exchange now controls most of the market and doesn’t have to worry about regulatory oversight – at least for now.
The more of the market Binance controls, the greater the demand for Binance Coin. This is true for several reasons, mainly because Binance’s fees are paid in BNB. So, if someone wishes to buy, sell, or trade crypto using Binance, they’ll likely have to invest in BNB – creating bullish price pressure.
With that in mind, our BNB price prediction estimates that the coin could reach a value of $500 by the end of 2023. This would represent a 78% increase from today’s price.
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Crypto assets are highly volatile investment products. Your capital is at risk.
Binance Coin Price Prediction 2025-2030
Finally, how does our BNB price prediction 2025 shape up? Given how well the FTX situation has played out for Binance, many investors looking to get rich off crypto will now gravitate towards Binance Coin. Since Binance Coin is inextricably linked to the Binance exchange, its price will naturally rise as the exchange grows in stature.
According to a report from Fortune Business Insights, the cryptocurrency market is projected to value over $1.9trn by 2028, equating to a CAGR of 11.1% between now and then. This means the crypto market’s value is expected to more than double in the next six years, highlighting the massive opportunity that Binance now has.
The crypto market’s projected growth should also present new and exciting use cases for BNB. More dApp developers than ever are choosing to host their creations on the BNB Chain, adding even more utility to Binance Coin. Naturally, the larger Binance grows, the more popular the BNB Chain will become – leading to greater demand for Binance Coin.
Putting all of this together, our Binance Coin price prediction 2025 estimates the coin could reach a valuation of $700. Looking even further ahead, our Binance Coin price prediction 2030 sees the coin hit the $2,000 level – a 606% increase from today’s price.
BNB Price Potential Highs & Lows
As the sections above have highlighted, our BNB price prediction for the years ahead is relatively bullish – made even more so by the capitulation of the FTX exchange. The table below presents a summary of our predictions, along with the potential lows that could occur:
Year | Potential High | Potential Low |
2022 | $350 | $190 |
2023 | $500 | $325 |
2025 | $700 | $465 |
2030 | $2,000 | $1,000 |
Where to Buy Binance Coin
Given Binance’s huge market share, many now believe that BNB is the best crypto to buy due to its long-term potential. However, those interested in purchasing BNB must identify a suitable broker that offers the coin whilst also providing a safe trading environment.
Through our research and testing, we’ve found that eToro satisfies these criteria. eToro is a gigantic online trading platform that allows users to buy and sell stocks, ETFs, commodities, currencies – and crypto. The platform serves more than 28 million users globally and is regulated by tier-one entities like the FCA, ASIC, CySEC, FinCEN, and FINRA.
One of eToro’s most appealing features is its transparent fee structure, which sees traders pay just 1% (plus the spread) when they buy or sell crypto. eToro currently offers 78 different coins to trade, including BNB, and allows investors to open positions from just $10.
Regarding account funding, eToro accepts deposits via credit/debit card, bank transfer, or e-wallet – with full support for PayPal, Skrill, and Neteller. Deposits are free to make, and eToro allows traders to fund their accounts with as little as $10.
eToro also offers a variety of trading tools, including real-time price charts, technical indicators, and even a free crypto wallet app. This wallet app supports hundreds of coins and tokens, featuring an unlosable private key and DDoS protection.
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Crypto assets are highly volatile investment products. Your capital is at risk.
Is BNB the Best Crypto to Invest in Today?
Rounding off this BNB price forecast, can the coin be considered the best crypto to invest in today? Stating it’s the ‘best crypto’ is hard to do, given there are so many exciting projects out there. However, in our opinion, BNB now has exceptional potential and could represent a valuable long-term asset.
Given Binance’s increased dominance in the crypto market, it’s likely that BNB will become one of the top crypto gainers in the coming months. Moreover, the BNB Chain continues to innovate, and projects like PancakeSwap, Venus, and CryptoBlades are just three that have made waves in the past year.
Although Ethereum has transitioned to a Proof-of-Stake (PoS) protocol, the network still has relatively high fees. BNB Chain is a viable alternative, as it offers low costs whilst being able to handle an increased number of transactions per second (TPS). This network also provides rapid transaction speeds, leading many developers to consider it ahead of Ethereum.
For these reasons, we believe BNB is one of the most exciting assets on the market right now – meaning it’s certainly worth keeping an eye on. However, investors may also wish to consider other coins that could offer higher returns in a shorter timeframe. With that in mind, detailed below are two projects that have been generating massive attention from the media in recent months:
Dash 2 Trade (D2T) – Revolutionary Crypto Analytics Platform Offering Trading Signals
The first project investors may wish to consider in addition to BNB is Dash 2 Trade. This world-class crypto analytics platform is hosted on the Ethereum blockchain and provides an abundance of tools and services that help traders navigate the market effectively.
These tools include regular trading signals, social-sentiment indicators, a crypto presale scoreboard, and even a backtesting feature. Dash 2 Trade also offers a fully-fledged strategy builder that enables traders to construct and test strategies before deploying them in the live markets.
Dash 2 Trade’s whitepaper notes that the development team also has plans to facilitate trader AMAs, integrate with CEX APIs, and even launch an auto-trader feature. Even further down the line, Dash 2 Trade will have social and copy-trading functionality, providing an ‘all-in-one’ analytics ecosystem for crypto traders.
The native token of Dash 2 Trade is D2T, which is used to access the ‘Starter’ and ‘Premium’ tiers. Both tiers provide advanced tools and features, although Dash 2 Trade will also have a free entry-level tier that acts as a ‘demo’ for the paid tiers.
The Dash 2 Trade project is currently in its presale phase, raising over $5.8m in just under one month. Investors can acquire D2T tokens at a significant discount, priced at just 0.0513 USDT at the time of writing. Given that there are nine stages to the Dash 2 Trade presale, the earlier investors get involved, the lower their entry price.
Those looking to stay up-to-date with Dash 2 Trade’s progress can get involved in the official Telegram channel.
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IMPT (IMPT) – Pioneering Carbon Credits Trading Ecosystem
Another project worth considering in conjunction with Binance Coin is IMPT. This blockchain-powered platform aims to increase the accessibility of carbon credits to the masses, thereby empowering investors to positively impact the environment.
IMPT seeks to become the most eco-friendly crypto on the market by structuring carbon credits as NFTs. Through tokenizing carbon credits, IMPT ensures they are easily tradable using ‘IMPT Tokens’ – the platform’s native ERC-20 token. Like other assets, these carbon credits will fluctuate in value, making them ideal for speculation.
IMPT’s users will also be able to earn IMPT Tokens by shopping with the platform’s affiliate brands. IMPT has partnered with thousands of companies, meaning that whenever a user buys goods or services from one of them, they’ll be rewarded with IMPT Tokens. Once enough tokens are accrued, the user can exchange them for a carbon credit.
As per IMPT’s whitepaper, users can also ‘retire’ their carbon credits, which removes them from circulation and ‘prevents’ CO2 from being emitted into the atmosphere. Down the line, IMPT’s team will even be launching a groundbreaking social media platform that tracks users’ environmental impact and presents a public ranking that highlights who is doing the most to combat climate change.
Like Dash 2 Trade, IMPT is also in its presale phase, allowing investors to buy IMPT Tokens for just $0.023. The presale will have three stages, each with a higher price point, incentivizing investors to purchase tokens as early as possible. With over $12.5m in funding raised already, it’s clear the investment community is hyped about the IMPT project.
Those looking to keep tabs on the project’s progress can join more than 21,000 traders on the official Telegram channel.
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BNB Price Prediction – Conclusion
To conclude, this article has presented our in-depth BNB price prediction, covering what the token is, how it works, and why we feel it has positive value potential over the long term.
Although BNB is undoubtedly an exciting asset, there are other cryptos to consider alongside it – such as Dash 2 Trade. The Dash 2 Trade analytics platform features state-of-the-art tools that streamline the trading process for all market participants. Early investors can get their hands on D2T tokens at a discounted price of 0.0513 USDT through the project’s presale.
Another crypto that investors may wish to consider is IMPT. This revolutionary carbon credit trading platform provides an eco-friendly investment opportunity for those looking to make a positive environmental impact while generating capital gains. IMPT is also in the midst of its presale phase, meaning investors can buy IMPT tokens for a limited time at just $0.023.
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FAQs
Is BNB a good investment?
BNB could represent a good investment opportunity for those that believe the token is undervalued at current prices. Binance Coin’s value has been on a steady downtrend since November 2021, yet the stage is set for a rebound now that Binance has a stronger footing in the crypto market.
What will BNB be worth in 5 years?
Our BNB price prediction estimates that the token could be valued at $1,000 in five years. This high valuation will likely be fuelled by growth in the broader crypto market and additional use cases for Binance Coin.
Does BNB have a good future?
In our opinion, yes – BNB does have a good future. It’s now unlikely that any other exchange will challenge Binance’s dominance, meaning as its native token, BNB will naturally be in high demand as the crypto market grows larger.
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