InformationPrice Prediction

Crash or Rise – Binance Coin Price Prediction 2020

Are you thinking to invest in Binance Coin? Let’s take a glance of Binance Coin (BNB) price prediction and it’s complete journey since it established. Also, Let’s find where the Binance Coin Price is heading this year. 

Let’s walk through the BNB Coin Price Prediction and Forecast for 2020!!

Binance Coin Today’s Price:

With the  Market Cap of $ 2.11 B and trades at $ 13.56. Binance is in the 9th place in the rating of world cryptocurrencies. It is available on multiple  exchange platforms. Thus, you can easily purchase some coins. The circulating supply is 155,536,713 BNB and total supply is 187,536,713 BNB.

Fundamental Analysis

If you’re a newbie to crypto market or Investing first time in binance coin, first and foremost thing is a question arises what actually is binance coin, who is the person behind it?

Well, this overview will provide you the initial guide.

Binance Coin (BNB) is the crypto coin of the Binance exchange platform. It was launched in the 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 accept BNB as a payment.

Basically, the BNB token let’s you earn discounts on the services of the Binance exchange platform, which later becomes a decentralized exchange of blockchain assets. BNB also offers users with access to advanced features to be used on the new decentralized exchange.

Technical Analysis

Did you notice? The BNB price took around 5 months to rise from around 1 dollar/coin. Yes, it’s true.

Further, in the month of January 2018 the winter price peaked to $23.25 , which is the highest price the coin reached till date. Well, this was most amazing phase for binance investors. 

Unfortunately, the tables turned and the graph stepped downwards. 

In Feb 2018, most of the crypto coins experienced a downtrend. Binance Coin was no exception. The price declined beneath to $6.12 in early February 2018.

So, Did you suffer from this major breakdown?

Many Crypto influencers posted on social media regarding this breakdown.

However, this decline didn’t stay for long. Since February 6, 2018; BNB coin price has increased up to 200%. If this trajectory would have sustained, the price projection would be $20. Binance coin price continued to shine in late June 2018 with $16.71. Later, experiencing major roller coaster ride the price dropped to $4.34 in Dec 2018.

In comparison to other altcoins, BNB coin is certainly a huge outperformer. The price related highest since September 2018, which was known area of supply.

Binance continued to storm ahead breaking up above the $10 mark and retesting the 2019 highs. For those who suffered in 2018 breakdown, 2019 year seemed to be a golden opportunity.

CEO of Binance, Changpeng Zhao has noted the progress in price of his native token. Tweeting a graph of the recent growth, “‘CZ’ is clearly proud of the growth of the token, which correlates to the growth of his own cryptocurrency empire”.

Experts claimed that that the token could recover to the value of $23 in the best-case scenario.

However, the crypto dropped gradually from Jun 2019 and then it has not yet risen till date.

Well, at present we can notice that the price is experiencing an downtrend.

Let’s check out the Binance coin price ride of 2020!

BNB Price Prediction 2020

Looking at the current market scenario at the end of 2021, Binance coin will reach to $35 from its current price of $15.52. The year 2020 is considered to be more gracious for cryptocurrency market in oppose to how 2018 turned out to be, so it is predicted that this would be the year when Binance gets close to its record price.

Binance Coin Price Prediction 5 years

Few analysts are forecasting that Binance Coin, might touch $50 with around 500% of gains in the course of a single year with the increased interest in trading cryptocurrencies on Binance.

Anyways, Predicting the price of any coin is quite difficult. It mostly depends on the market value.

So, what’s your prediction for 2025 if the market is stable?

Expert Prediction 

Experts predict showing that the coin might reach the top price of $35-$40 as the record price of BNB. Let’s check some experts prediction in 2020.

  • According to WalletInvestor website, BNB is expected to rise 85% in 2020. The price will reach $24.1 by the end of this year.
  • TradingBeasts believes BNB will have a slow growth. The price will reach only upto $19.
  • CryptoGround, however, believes that BNB will decrease down to $6.4202.

Well, $40 is quite high! No doubt it might reach $40 if the coin doesn’t step it’s toes into red day.

Latest Updates

Binance expands its service in South Korea

Binance is launching a new crypto-to-crypto exchange in South Korea next week.

Announcing the news on March 31, 2020, Binance said the new exchange, Binance KR, would open for registration and deposits on April 2. Trading would open on April 4, while withdrawals on April 9.

Binance Launched A Crypto Lending Platform

Recently, Binance exchange launched a crypto lending platform to let its users choose to lend out their binance coins and be interested in them. This lending platform will support Binance Coin and its controversial stablecoin, Tether(USDT). In addition, The users can lend a maximum of 500 BNB and 1 Million USDT.  

Binance Coin Joins The Freewallet Platform

Binance Coin is now available on the digital currency wallet, Freewallet. This wallet has expanded its list of available cryptocurrencies. In addition, Binance coin will now be available on Android and web, with iOS to be available in the near future. 

Our Prediction

Binance Coin has an opportunity to show faster rates of growth than the other market participants. It was a matter of time, as other markets are either too fragile to move upwards or simply experience much resistance to make any big jumps occur.

Moreover, Binance coin is doing its own thing in this regard, although that won’t automatically lead to a high time in the coming days. There will be plenty of resistance along the way.

Also read: Ripple Price Prediction | Litecoin Price Prediction | Ethereum Price Prediction

What is your Binance Coin Price Prediction for the upcoming years? Share your thoughts on our Twitter and Facebook pages.

Binance Coin FAQ’s

What will the price of Binance Coin be in 2020?

In 2020, the rate will grow up to $19.55. The slow price increase will result in $27.45 rate in 2022.

Is BNB a Good Investment?

As Binance platform is evolving, Holding some BNB coins offers a lot of perks.

Will Binance price drop in 2020?

Experts predictions shows that BNB coin will definitely rise in the near future.

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Binance Price Prediction 2020: Will Binance Coin Crash Or Rise?
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Binance Price Prediction 2020: Will Binance Coin Crash Or Rise?
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What is the binance price prediction for 2020? Will the Binance coin price reach $25 by the end of 2020? Stay updated with the latest Binance news.
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Coinpedia
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Qadir AK

Qadir Ak - Co-founder of Coinpedia Blog - His interest as crypto Author, Editor, Speaker at cryptocurrency conference has made him known as passionate blogger and startup in Asia.

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