Cryptocurrency Price Prediction

Binance Coin (BNB) Price Prediction 2022, 2023, 2024, 2025: Is BNB Going To Rise?

Written by: Elena R

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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.

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Sep 2, 2022

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Folks from the crypto town are well-versed of Binance, which is a cryptocurrency exchange platform. Binance is one of the eminent exchanges to trade crypto assets. The firm also hosts its very own digital asset “Binance Coin” (BNB). Which acts as a utility token, used to pay transaction fees.

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Primarily launched as an ERC-20 token, BNB later migrated to its own blockchain – Binance Chain. Marketers have been waiting for a price run like 2021 when it soared close to 1688.77%. Are you keen on the Binance coin? Look no further, as we decode the plausible price prediction for 2022 and beyond!

Overview

CryptocurrencyBinance
TokenBNB
Price$ 293.1000
Market cap$ 0.0000
Circulating Supply$ 0.0000
Trading Volume $ 0.0000
All-time high$ 0.0000 Jan 1, 1970
All-time low$ 0.0000 Jan 1, 1970

Binance Coin (BNB) Price Prediction

YearPotential LowAverage PricePotential High
2022$328.3$388.0$453.1
2023$415.9$572.5$782.4
2024$632.9$879.7$1215.9
2025$1032.0$1450.7$2007.3

BNB Price Prediction 2022

The digital asset had commenced the year 2022 in a downtrend, with a price tag of $510.1. A crash on the 5th of January led to the price softening for the first two weeks. That saw the asset plummeting 20% by the 10th of January, taking the numbers to $406.1.

While it did pose a rebound to $503.9 over the next week. The flight was short-lived as the digital coin took a 50% dip to $337 on the 24th of January. Since then BNB’s price had been ranging in a parallel channel from $357.6 to its support of $436.6. Until the 29th of March, when it broke through the channel, which led to its quarterly trade closure at $450

Binance coin has had a drastic fall in Q2, which is in tandem with the broader industry. The altcoin slipped down from $447.3 on the 1st of April, to $218.05 on the 12th of May. After a short-term rise to $339.5 by the 25th of May, the BNB price slumped down to $183.35 by June 18th. The 2nd largest altcoin at the time of press is changing hands at $279.41.  

Binance Coin Price Prediction For Q3

With impetus coming from the auto burner mechanism, the growing user base of the smart chain, and the exchange platform. The valuation could soar to reach a maximum price of $339.1. On the contrary, falling volumes, and bearish sentiments could restrict the price to $262.3. That said, considering the projections we can expect a regular rate tag of $308.8

BNB Price Forecast For Q4

If Binance coin rhythms its euphoric trend from that of 2021, the price could escalate to its maximum target of $453.1. While a linear uptrend could settle the price at average levels of $388.0. The market turning skittish, alongside FUD and negative sentiments could take the price to $328.3.  

Binance Coin Price Forecast For 2023

As inflation fears are likely to get adverse by the start of the new year, we can expect a decent price movement. If the upgrades of the network manage to push the price action. Then we can expect a rally to $820.6 by the end of 2023. In contrast, it may hover around $454, if any negative sentiments continue to prevail over the months.That said, the average price might settle at $602.5

BNB Price Prediction For 2024

If the Binance network manages to attract a wider audience, institutions, and big-money investors. The price of BNB might surge to a maximum of $1215.9 by the end of 2024. On the flip side, if the network shrinks in dominance amidst stiff rivalry. BNB’s price might slip down to its minimum of $632.9. Successively, constrained by a linear rate of propulsion, the regular price might settle at $879.7.  

Binance Coin Price Prediction For 2025

By the end of 2025, BNB might continue to surge and it may break all its previous price records by touching new heights. Binance might introduce new features to its trading to enhance the minds of investors to invest in BNB. As it introduced some of the features like Asset Conversion, Cross Collateral, and Price Protection. 

In the course of time, BNB’s price might reach the $2007.3 mark. Contrastingly, massive sell-offs and events such as a crash could wipe down the gains to $1032.0 by the end of 2025. Considering the bullish and bearish targets, the regular price might land at $1450.7

What Does The Market Say?

Wallet Investor:

As per Wallet Investor’s BNB price prediction. The altcoin is forecasted to hit a maximum price of $236.390 by the end of 2022. The token is expected to trade at an average price of $175.651 and a minimum price of $115.950 by 2022. Wallet Investor anticipates BNB to trade at a maximum price of $702.801 by the end of 2023. And $1120.780 by the end of 2025.

Digital Coin Price:

According to Digital Coin Price, BNB will soar to reach a price close to $390.22 by the end of 2022. That said, the firm expects the minimum and average prices for the year to fall around $341.87 and $367.36. The analysts from Digital Coin Price pin the maximum targets for 2023 and 2025 at $437.12 and $627.64 respectively.

Trading Beasts:

As per Trading Beast’s Binance Coin price prediction. BNB price is revised to hit a maximum of $340.074, by the end of 2022. The firm expects minimum and average trade closure at $231.250 and $272.059. According to the price forecast of Trading Beast. BNB could close the annual trade for 2023 and 2025, with an average price of $242.042 and $352.758

Long Forecast:

The Long forecast predicts that the price may trend up to $264 by the end of 2022. The analysts from Long forecast expect BNB to close the trade at the minimum and average levels of $213 and $247. The prediction cites that the price might surpass $329 by the end of 2023. And $636 by the end of 2025.

Click here to read our detailed price prediction of Celsius (CEL).

What Is Binance Coin (BNB)?

Binance coin is a cryptocurrency issued by the 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 cryptocurrency exchange platform 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.com 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.

Company Details

binance

  • Centralised Exchange

The largest digital asset exchange by volume is part of the financial product suite offered by Binance, it is the top blockchain and cryptocurrency infrastructure provider in the world. With its unmatched selection of cryptocurrency goods and services, including trading, finance, education, data and research, social good, investment and incubation, decentralization and infrastructure solutions, and much more, the Binance platform is trusted by millions of people worldwide. The company aims to give users more financial independence with the prime goal to increase financial freedom in each corner of the world. With a belief in extending this freedom, the platform focuses on dramatically enhancing people's lives by offering essential infrastructure services for coordinating crypto around the world.  Binance was established by Changpeng Zhao in the year 2017 and is headquartered in the Cayman Islands, Mahe, Seychelles.    Binance provides facilities for trading, listing, fundraising, delisting, and withdrawing cryptocurrencies, similar to other cryptocurrency exchanges, and supports the trading of more than 600 different coins, including Bitcoin, Litecoin, Ethereum, and its own native BNB tokens. Many traders and participants utilize it to trade and make investments in different cryptocurrencies. With its efforts, the company has raised $2 billion over 4 funds, funded by 11 investors, including Vertex Ventures, Plutus21 Fundamental Labs, Daniel Oon, Yabusuku A, Chris McCann, Sequoia Capital, Block Hole Capital, Funcity Capital, Ventures Southeast Asia and India, and Vertex Ventures. The firm has partnerships with CoinTracker, ComplyAdvantage, and CipherTrace are the largest partners in this ecosystem. There are around 1001-5000 employees working at Binance company serving around 90+ million users to date. 

Fundamental Analysis

As aforesaid, 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 started accepting BNB as a payment.

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

CoinPedia’s Binance Coin Price Prediction

The BNB price may increase if the company announces any new improvements. It might be a good investment for the future. As per Coinpedia’s formulated Binance coin prediction, the token might hit around $450 by the end of 2022. That said, negativity and bearish trends could curb the year-end target to $330.

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 very first month, but dropped close to $6 in February. 
  • Later flipping the bearish trends, 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 year’s trade at around $6 and commenced 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. 
  • BNB’s price swelled to $25 in February and before it could head towards the next target, the price fell rapidly below $9 in March.
  • It rose to $23 by the end of August. Shockingly, the price plunged to $19 by early September but spiked to $31 by mid-September. 
  • Amidst the expansion of Bitcoin’s price rally, BNB climbed a step to $32 by the end of November. 
  • With certain price swings, BNB traded at $37 by the end of December 2020.

2021

  • The price surpassed $40 in the first week of January and smashed the $50 mark within a month.  
  • It amazed the entire crypto space by smashing an ATH at $637.44 on April 12th. 
  • Despite a slight pullback, the price still traded above $500 strongly.
  • During the market crash, BNB lost ~40% of its gains, taking the price tag to $262.95
  • The Binance coin made a comeback in July with a price tag of $414.16.
  • While the Chinese market turmoil dragged the price down to $280 levels. A gigantic bull run in q4 helped the BNB price escalate to $550.   

To read our in-depth price forecast of Celo (CELO) click here!

FAQs

Is Binance Coin (BNB) Centralized or Decentralized?

Binance Coin (BNB) is the native coin of the Binance exchange which is centralized. They have also rolled out a decentralized platform Binance Smart Chain.

Is BNB a profitable investment?

Yes, BNB is a profitable investment for the long term. With initiatives such as auto-burn, numerous projects, and growing prominence, we could find it bearing fruits.

What could be the maximum trading price of Binance Coin by the end of 2022?

As per our BNB price prediction, the maximum trading price of BNB could potentially reach $453.1 by the end of 2022.

How high could the BNB price reach by the end of 2025?

The price of the digital asset could reach a potential high of $2007.3 by the end of 2025.

Where can I buy Binance Coin (BNB)?

Binance Coin can be bought from cryptocurrency exchange platforms such as Binance, Coinbase, WazirX, etc…

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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.

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