Gone are the days when you had to carry suitcases filled with cash for even the simplest of transactions. Instead, this is an age of digital currencies, making transactions much safer, more efficient, and error-free than ever. One of the most notable developments on this front was witnessed with the advent or launch of the first cryptocurrency, Bitcoin, in 2009.
Since then, the crypto industry has been a breeding ground for the innovative use of blockchain technology. This has further helped generate more interest from the general public allowing more people to invest in cryptocurrencies and generate handsome returns. As a result, today, thousands of cryptocurrencies are widely traded by traders from all across the globe.
Contrary to popular perception, this wide range of choices does not make things simpler for an average investor. On the contrary, investors and traders might find it even more challenging to find the crypto that best caters to their requirements and promises good returns. But certain cryptos still stand out with their offerings, and Binance Coin (BNB) is one of them.
The Binance Coin (BNB) is one of the oldest cryptocurrencies available, making it a reliable investment choice for many. But you should not take our word for it and invest in this coin without a detailed understanding of what it offers.
This article will walk you through all the nuances of the Binance Coin (BNB) and give you a generalized understanding of the coin’s performance in the future. So continue reading to learn more and determine if Binance Coin (BNB) is your right investment choice.
Table of Contents
Binance Coin (BNB): At A Glance
|Project Name||Binance Coin|
|BNB Market Cap||$ 39.23 Billion|
|Current Supply||$ 161.34 Million|
|Circulating Supply||$ 161.34 Million|
|Current Price (As of July 1st week)||$243.18|
|All-time High Rate||$ 690.93|
Binance Coin (BNB): Overview
Binance Coin (BNB) is the utility coin launched by Binance in 2017. Binance is one of the largest crypto exchanges currently operating in the crypto market. The Binance Coin (BNB) was the brainchild of Changpend Zhao, who was also the individual behind the development of the Binance Wallet.
This launch came with a simple goal to further the expansion of the Binance ecosystem. This ecosystem is as extensive as it can get: the Binance Trust Wallet, Binance Chain, Binance Smart Chain (BSC), Binance Research, Binance Academy, and more.
Initially, the Binance Coin (BNB) operated on the Ethereum blockchain network called the ERC-20, and people could not mine it. But this changed for the good with the launch of the Binance Chain in 2019, when all BNB tokens were moved to the Binance Chain network in just five days.
The terms set during the ICO stated that 50% of the Binance Coin (BNB) would be distributed among investors while 40% went to the team, and the remaining 10% were left for venture investors. As a result, the exchange garnered much support from two of the most important crypto markets, the US and China.
The best thing about the Binance Coin (BNB) is it is subject to inflation, but its creators set aside 20% of total income every three months for redeeming and burning coins. As a result, there will only remain 100 million BNB coins which are half of the initial issued volume.
BNB Token Price History & Overview
Binance, being one of the leading crypto exchanges in the market, has its native cryptocurrency called the Binance Coin (BNB). The coin currently operates on the Binance Chain, Binance’s blockchain network. Binance Coin’s (BNB) market capitalization currently stands at $39.23 billion, and a 24-hour trading volume is $988.60 million.
The current circulating supply of Binance Coin (BNB) is $161.34 million, with a last 24-hour growth rate standing at negative, i.e., 4.68%. Given the value of the token and Binance’s reputation in the crypto market, it is undoubtedly a safe investment for investors of all sorts. But how does Binance Coin (BNB) get its fundamental value? First, Binance Coin (BNB) holds absolute value, including:
- Trading Asset: As with any other crypto coin in the market, even Binance Coin (BNB) can be traded across different crypto exchanges. Currently, the price of one Binance Coin (BNB) stands at $243.18, which makes it evident that your investments are safe with Binance. The token is widely accepted across the most prominent crypto exchanges available in the market.
- Reducing Commission On The Platform: The other great thing about holding Binance Coin (BNB) is you can use this currency to reduce commissions on the Binance exchange. But remember each year the discount received will come down by 50%. This means for the first year, you get a 50% discount, the second year is 25%, the third year is 12.5%, and the fourth year is 6.75% until you reach the fifth year when the discount is no longer valid.
- Paying For Goods And Services: Binance has been around for quite some time. The platform has garnered extensive popularity in the meantime. So many businesses currently accept Binance Coin (BNB) in exchange for their offerings. Traders and investors can use their Binance Coin (BNB) holdings to pay for products and services from businesses that accept Binance Coin (BNB).
As you can see, the Binance Coin (BNB) holds fundamental value in many ways. So with this general idea of the Binance Coin (BNB) ‘s fundamental value, it is time to dive a bit deeper and understand the price history of the Binance Coin (BNB). So continue reading to better understand Binance Coin (BNB) ‘s performance until now.
BNB Token Price History And Overview
Binance Coin (BNB) started its journey in the crypto market with a fair value of $0.1 in September 2017. It took just a couple of months for the coin to breach the $1 mark, and its growth did not stop or stall there. This period was soon followed by the well-documented crypto boom in December 2017, taking its value from $2 to $20 by January 2018.
But things started to get a little turbulent in the crypto market, with coins suffering extensive losses. Yet Binance Coin (BNB) remained afloat during this turbulent period at a value of $10. This was made possible by the exchange’s unique offerings that attracted thousands of traders daily.
April 2018 was another significant time in Binance’s journey as it announced the launch of the Binance DEX. This further positively impacted the token’s price, taking its value to $14 per coin. The next couple of months were alright for the coin as it was traded between $11 to $14 until its value dropped to $9 in August 2018.
Things went south, with the coin’s prices dipping to a new low of $4 in November 2018. But things changed in 2019 with the launch of its DEX’s second demo launch, taking the Binance Coin (BNB) ‘s value to a staggering $39 with a notable market capitalization of $5 billion. But by the end of 2019, the final version of the DEX was available in the market, which further played a key role in strengthening Binance Coin (BNB) ‘s value.
But then came 2020 and the pandemic that shook almost every industry you can think of, and the crypto industry was no exception. The first six months of 2020 were insignificant for Binance Coin (BNB), as its value stuck to a downward pattern. This pattern was somewhat unusual, lasting for such an extended period, but the pandemic was uncommon for everyone.
However, things began to get better with the start of 2021 when Binance had an estimated 30 million users, with a daily trading volume peaking at $76 billion. This success was further solidified with the success of new projects such as the Pancakeswap, which increased the number of transactions on the Binance Smart Chain (BSC) network compared to the ETH-20 network. As a result, in 2021, the Binance Coin (BNB) recorded its all-time high value at a staggering $690.
All these allowed Binance Coin (BNB) to gain unmatched popularity and fuel its growth even in 2022. Robust use cases and an excellent reputation keep Binance Coin (BNB) ‘s current value at $243.18, much higher than even the most performant cryptocurrencies available. The Binance Coin (BNB) currently holds a market capitalization of $39.23 billion and a circulating supply of $161.34 million.
Now that you understand Binance Coin’s journey up until this point, it is time to take a peek into the coin’s future. So continue reading as we explore the detailed analysis and price prediction of Binance Coin (BNB) for the coming years.
BNB Token Price Prediction
Binance Coin (BNB) is one of the most distinct cryptos currently available in the market. Operating on the well-established Binance Smart Chain (BSC) network, the Binance Coin (BNB) coin stands strong with an exceptional market value even today. Of course, the token has had to navigate through many challenges since its launch in 2017. But it managed to remain afloat and generate significant returns for its investors.
The Binance Coin (BNB) is currently traded for $243.18 with an impressive market capitalization of $39.23 billion. The 24-hour trading volume of the Binance Coin (BNB) stands at $988.60 million as of July 2022. The circulating supply of Binance Coin (BNB) is $161.34 million.
Like every other crypto, even Binance Coin (BNB) suffered some damage after the fear of a crypto winter looming over investors in May of 2022. But the robust characteristics of the Binance Coin (BNB) made it much easier for the token to bounce back, and it is still showing significant signs of hastened recovery.
As of July 2022, Binance Coin (BNB) is being traded at a special price of $243.18, with a market capitalization standing at $39.23 billion. Thus, it is safe to say the Binance Coin (BNB) will probably not drop to its lower values any longer. So putting your money on Binance Coin (BNB) is not a bad investment.
No investor in their sound mind will invest in a token without wrapping their heads around the fundamentals of the token. The fundamental analysis plays a crucial role in understanding the future performance of a token and determining if it’s worth investing in.
Binance Coin (BNB) has been available to traders since 2017, and the token has never really suffered any significant losses. This is a testament to the token’s strong fundamentals helping it seamlessly withstand all the adverse implications of crypto volatility. Furthermore, the Binance Coin (BNB) has survived through the crypto winter of May 2022, and its value still stands at $243.18 as of July. All these are significant indications that the token’s performance will improve with changing times.
Note: Every crypto investor is well aware and adjusted to the volatile nature of the crypto industry. Of course, this volatility makes it rather challenging to predict a crypto’s future performance accurately.
The abovementioned technical and fundamental analyses of the Binance Coin (BNB) give us a great understanding of the token’s future. But this information is not enough for you to base your investment decisions on. So let’s dive deeper into the granular details of Binance Coin (BNB) ‘s future performance with the specifics of every year. So continue reading to learn more.
BNB Token Price Prediction
Binance Coin Price Prediction For 2022 | Potential ROI: 2%
The start of 2022 was not an excellent start for Binance Coin (BNB), as the token started with a price tag of $510.1. This was further followed by a crash in January 2022, bringing the token’s price to a low of $406.1 as of the 10th of January. However, the next week came with another boom taking the token’s price to $503.9.
But this was a short-lived moment of joy, with the token’s prices reaching $337 as of the 24th of January. This trend continued for a month or two when BNBs prices ranged from $357.6 to $436.6. This changed again on the 29th of March when the token’s value reached the $450 mark.
The token’s value dipped slightly more to $447.3 on the 1st of April and a new low of $218.05 after the 12th of May. However, Binance Coin (BNB) did experience a short-term raise taking its value to $339.5 By the 25th of May. Its prices further dipped to $183.35 in June of 2022. As of July 2022, BNB prices stand at $243.18, and this trend will continue for the remainder of the year.
According to experts from TradingBeast, further growth will take BNB’s price to $258.456. Furthermore, PricePrediction.net suggests the prices will soar to $368.75 by the end of 2022. On the contrary, WalletInvestor suggests the prices will further dip to $142 .127 as of December 2022.
Binance Coin Price Prediction 2023 | Potential ROI: 6%
Most analysts are optimistic about the Binance Coin (BNB) ‘s performance in 2023. Experts from 2023 are forecasting a downward trend taking the token’s value to $207.655 by the end of 2023. But PricePrediction.net forecasts the prices to soar up to $520.39 by the end of 2023. Even analysts from WalletInvestor seem to agree with TradingBeast, forecasting the prices to reach a new low of $69.345 by December of 2023.
Binance Coin Price Prediction 2024 | Potential ROI: 54%
2024 will probably be a good year for the Binance Coin (BNB), with experts from the TradingBeast forecasting a growth trend. They suggest the prices go up to $350.768 by the end of 2024. Experts from PricePrediction.net are even more optimistic about the token’s performance suggesting the prices will go up to $756.08. However, experts from WalletInvestor are still adamant with their pessimistic view, suggesting that the Binance Coin (BNB) prices will dip further to $46.542 by the end of 2024.
Binance Coin Price Prediction 2025 | Potential ROI: 119%
2025 will probably be another good year for Binance Coin (BNB), with the TradingBeast predicting the prices to reach $446.901. But experts from PricePrediction.net are over-optimistic about the token’s performance predicting it will reach a new high of $1153.2 by the end of 2025. But as always, the experts from WalletInvestor have a pessimistic forecast predicting the prices to further dip down to $43.462.
Binance Coin Price Prediction For 2030 | Potential ROI: 913%
As a crypto investor, you must take a long-term view of the token’s performance. By 2030, the experts at TradingBeast are hopeful about BNBs prices reaching $554.15724. However, according to the experts at PricePrediction.net, the projections seem to be highly optimistic, suggesting the prices will reach up to $7046.05 by the end of this decade. However, experts from WalletInvestor are still pessimistic about the token’s performance, with their projections suggesting a further dip taking the BNB’s price to a new low of $12.16936.
To give you an overview, here’s a tabular representation of the possible movements of the BNB token’s price in the coming years:
Remember, even the most detailed technical and fundamental analysis of any crypto cannot give you an exact picture of what will happen to the token in the future. However, these analyses will certainly give you an idea of the token’s direction. This makes it very important that crypto investors do their research and get a granular understanding of a token before investing their money into it.
Factors Determining The Future Price of BNB Token
It took Binance Coin (BNB) just a couple of years to start from the basics and reach great values with minimal hassle. The token has achieved a great level with solid liquidity and numerous trading options. Some factors that can influence the future price of Binance Coin (BNB) include:
- Launch of New Products: The unexpected launch of the Binance Chain and Binance DEX played a key role in enhancing the overall value of the token. Similarly, if Binance launches more such products in the future, it will positively impact the token’s performance.
- Quarterly Binance Coin (BNB) Burns: Binance burns a small percentage of Binance Coin (BNB) every three months. This checks the token’s supply, further ensuring its prices’ stability.
- More IEOs: Binance allows start-ups to launch their crowdfunding campaigns on the platform. This promotes the exchange of Binance Coin (BNB), further enhancing the token’s prices.
- Establishing Presence in New Markets: One of the primary reasons behind the success of the Binance Coin (BNB) is the platform’s expansion to newer markets. So as long as Binance Exchange continues this, its prices will keep increasing.
Is It Worth Investing In BNB Tokens Right Now?
Binance Coin (BNB) is one of those few cryptos that have long shown great signs of growth. The token has suffered some minor setbacks, but these isolated incidents did not stop it from reaching a successful conclusion. As a result, even most expert analysts are rather optimistic about the token’s performance.
But of course, it is impossible to predict a token’s future accurately, no matter how detailed the calculations might be. Hence it is always better to do your research and due diligence with a deep understanding of your objectives. This will make it easier for you to determine if Binance Coin (BNB) is a good investment.
This exhaustive article gives you a deep insight into the performance of the Binance Coin (BNB). Furthermore, it takes you deep into the specifics of Binance’s performance for every coming year up until the end of this decade. This information will help you make better and informed investment decisions to ensure the safety and security of your investments.
But remember, no matter how detailed the analyses may be, there is still no definitive way to predict the future of a token with exact precision. Thus, make sure you weigh your investment objectives and base your investment decision on your research. Yet it is still safe to say that Binance Coin (BNB) is a safe investment, at least in the long term.
Where can I buy Binance Coin (BNB)?
You can buy the Binance Coin (BNB) from any exchange without hassle. But the best thing to do here would be to purchase Binance Coin (BNB) from Binance Exchange. Using the native token on the exchange can give you many perks, such as discounts on fees.
Can I buy stuff with Binance Coin (BNB)?
Binance has been around since 2017 and has grown these few years exponentially. As a result, the platform and its native token have garnered a palpable reputation in the market. As a result, many businesses accept Binance Coin (BNB) in exchange for their products and services.
What will be the Binance Coin (BNB) worth in 2025?
Things will probably be great for Binance Coin (BNB) by 2025, with experts from the TradingBeast forecasting the prices to reach $446.901 by 2025. Likewise, PricePrediction.net predicts the prices will shoot up to $1153.2 by 2025. On the contrary, experts from WalletInvestor are of the view the token will suffer losses, bringing its value down to just $43.462 by the end of 2025.