Price Prediction

Binance Coin Price Prediction, Will the BNB Price Rally to $1000 in 2021?

news-image

Have you heard of Binance Cryptocurrency Exchange, one of the most preferred platforms to trade with? If yes, then Binance Coin (BNB) is the native coin that acts as a utility token, used to pay transaction fees. The swelling adoption of the DEX platform of Binance, Binance Smart Chain(BSC), has positively impacted the BNB price.

Advertisement

The coin which can be traded with other assets like Bitcoin, Ethereum, etc, rallied nearly 1400% in 2021 and attracted many strong hands. Launched initially as an ERC-20 token, BNB was later migrated on its own blockchain, Binance Chain.

Interesting, right! Now after a brief introduction, do you wish to hold some BNB coins? Yet unsure of the future price movements or want to know whether it is a good investment option?

In this article, you will have a clear idea of the BNB price prediction for 2021 and beyond. We shall also see how high the Binance Price could hit.

First let us peel the layers of some basic information about Binance.

Overview

CryptocurrencyBinance
TokenBNB
Price$ 596.3000
Market cap$ 100,259,657,106.0000
Circulating Supply$ 0.0000
Trading Volume $ 0.0000
All time high$ 686.3100     May 10, 2021
All time low$ 0.0398     October 19, 2017

What is Binance Coin (BNB)?

Binance coin is a cryptocurrency issued by 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 crypto exchange 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.

Fundamentals:

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 accept BNB as a payment.

Since 2013, Changpeng Zhao has been actively involved with blockchain and cryptocurrencies. He has experience of working as 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 as 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.

BNB Price Prediction 2021

The price surpassed $40 in the first week of January and following a steady rally, the price smashed $50 within a month. The price gained an extreme bullish momentum and rallied above $100 in just a couple of days. Since then the price kept on surging, smashing the barriers at $200, later at $300 and $400, however, it amazed the entire crypto space by smashing the All-time high at $637.44 on April 12, 2021. Despite a slight pullback, the price still trades above $500 strongly.

As a result of the crypto market crash on 18th May, the price saw a huge drop by 40%, taking  the value to $262.95. The coin tried to sustain around the same price for two months.

The Binance coin has made a comeback in the month of July by resuming its bull run, at the time of writing the coin was strongly valued at $414.16

As the marketers concentrate on buying the Altcoins, With certain fluctuations, the price may hit $650 by the end of 2021. On the downside, if Bears rule the market the altcoin price might hover within the range of $250-$350 with $200 being the potential low value.

BNB Price Prediction 2022

BNB might start the year 2022 with a trading price above $1k. On a bullish note, it is expected to reach $1500 by mid-June and might continue to be at the consistent level for several months. It is expected that the price might trade at $1800 by the end of 2022.

Binance Coin (BNB)  5 Years Price Prediction

In 5 years, BNB might continue to surge and it may break all its previous price records by touching the new height. Binance might introduce new features to its trading to enhance the minds of the investors to invest in BNB as it introduced some of the features like Asset Conversion, Cross Collateral, and Price Protection. In 5 years, BNB might reach the $5000 mark.

BNB Market Prediction 

WalletInvestor:

As per walletinvestor predictions, BNB is forecasted to hit a maximum price of $740.285, minimum it would flip to $604.422. The token is expected to trade at an average price of $672.36. Walletinvestor anticipates BNB to trade at an average price of  $2264.720. And maximum price expected is $2549.680, minimum it would plunge back to $1994 by 2025.

DigitalCoinPrice:

According to DigitalCoinPrice, BNB will soar to reach a price close to $1010.63 by the end of 2021. The price is expected to hit $2006.8 by the end of 2025.

Longforecast:

The Longforecast analyst predicts that the price may trend between $735 to $1029 by the end of 2021, which may surpass $2751 by the end of 2023.

Our Prediction

The BNB price continued to grow with the start of 2021. With certain fluctuations, BNB might reach $650 by the end of 2021. The price may increase if the company announces any new improvements. It might be a good investment for the future. BNB might hit $1k  incoming 2-3 years and eventually surge towards $2k by the end of 2025.

Year Potential High Potential Low 
2021$650.$298.
2022$1,250.$624.
2025$3000.$1,100.

BNB Historical Market sentiments

2017

Binance coin entered the market on 25th July 2017 with a trading price of $0. Later on, the price started to improve and reached $3 at the end of August. With certain fluctuations, BNB ended 2017 with a trading price of $8.

2018

The price peaked at $23.25 in the month of January 2018 and dropped close to $6 in February. Later flipping the bearish trend, the price gained more than 200% and hit more than $16 by mid-2018. However, the rally was short-lived and the price plunged back below $5 and closed the yearly trade for 2018.

2019

The BNB price initiated the 2019 trade around $6 and initiated a bull rally. By the mid of 2019, in June, the price surpassed $30, however, the price dipped to $15 by October. Since the dip, the price maintained a similar trend and traded below $15 by the end of 2019.

2020

The price surged from $13 to nearly $20 in January and set a new high breaking the upper resistance levels. However the price swelled to $25 in February and before it could head towards the next target, the bearish divergence outspread the market.

The price fell rapidly below $9 in March, however, recovered to some extent to reach $18 by the end of April and rose to $23 by the end of August. Shockingly, the price plunged to $19 by early September and further spiked to $31 in mid-September. As the expansion of Bitcoin’s price rally, BNB climbed to $32 by the end of November. With certain price swings, BNB traded at $37 during the end of December 2020.

FAQ

Is Binance Coin (BNB) Centralized, Decentralized?

Binance Coin (BNB)’s is the native coin of Binance exchange which is centralized, yet they also have rolled out a decentralized platform Binance Smart Chain.

Is BNB a good investment?

Yes. The long-term earning potential is +15.11% in one year.

Where do I buy Binance Coin?

There are many places to buy and exchange Binance Coin like coinbase, wazirX , Binance exchange, and more.

What will the BNB coin be worth in 2021?

Though many believe that Binance Coin is a good investment and one of the safest cryptocurrencies out there (mainly because of its relative stability). BNB Price Might hit $1k

Show More

Disclaimer : The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of Coinpedia. Every investment and trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

Elena R

Elena is an expert in technical analysis and risk management in cryptocurrency market. She has 10+year experience in writing - accordingly she is avid journalists with a passion towards researching new insights coming into crypto erena.

Related Articles

Back to top button