The opinion of respected crypto experts and technical-based analysis combined predict that the crypto asset of Binance Coin has the potential to reach anywhere between $800 to over $1,100 between now and the year 2025. To avoid missing out on potential upcoming price surges in the cryptocurrency market, as well as our Binance Coin price prediction check out our easy-to-follow article on how to buy BNB.
“Bitcoin is rapidly becoming the global reserve cryptocurrency just like the dollar is to fiat.”– Olawale Daniel
Table of Contents
Binance Coin news
- Binance Coin, Dogecoin and Two More Altcoins Jostling for Breakouts, According to Analyst Justin Bennett
- What does the future hold for Binance coin?
Since the creation of Bitcoin in 2008, the crypto sphere has scaled to enormous levels. There are now over 4,000 altcoins out there for investors to choose from. But as well as altcoins offering specific uses such as cross-border payments, some like Binance coin are the specific token of a crypto exchange itself. But are these worth investing in? What, for example, is the Binance coin price prediction for 2021-2025?
Binance coin was founded in 2017 to facilitate crypto trading on the Binance crypto exchange itself. Based on the market cap, it’s the third most valuable blockchain-based token. After starting out at $0.15 per token, it’s now priced around $357. This price surge resulted in incredible gains for early investors and, naturally, increased demand for an accurate Binance coin price prediction.
But are you wondering if it’s too late to start investing in Binance? You’re not alone, many people are curious about whether investing in Binance now is a good idea. I was one of those people until I began to use a range of factors to create a Binance Coin price prediction to find out the potential price of BNB such as:
- How the price history of Binance Coin can affect the BNB price
- The latest legislation can alter the Binance Coin price today.
- Prediction strategies to find out the possible future price of Binance Coin.
- Expert analysis of the Binance Coin price prediction
- How new investors in BNB Coin have had a positive effect on the price of Binance Coin.
By analyzing all of these factors, I was able to find out that there’s never a bad time to invest in Binance and that it could be a profitable investment. For example, statistics from the leading trading platform of eToro tell us that sales of BNB have skyrocketed in the past few months, demonstrating that demand for this coin is very high.
But what does the future hold for Binance coin investors who get on board now? Will BNB rise even further and be a profitable investment? Our Binance price prediction aims to answer all. But first, let’s start with just what BNB actually is and how it works.
What is Binance Coin?
In 2017, the Binance crypto exchange was founded. It is now one of the biggest exchanges in the world and home to its own cryptocurrency called Binance Coin or BNB. The coin was launched the same year that the exchange was founded initial coin offering (ICO).
This initial coin offering saw 10% of all coins offered to angel investors, 40% to the founding team, and 50% to the various other ICO participants. Just under half of the capital raised during the ICO was reinvested into branding and marketing for Binance.
Whilst a third was used to build the Binance crypto exchange and carry out upgrades to its ecosystem. The leftover 15% was held in reserve to be used in the event of any potential emergencies.
This investment was carried out well. In under a year since its foundation, Binance was facilitating more than 1.4 million transactions per second. As the exchange grew to become of the biggest in the world, so did its native coin.
With a range of uses on the Binance crypto exchange itself, BNB soon picked up widespread support from the 13.5 million users of Binance. All of whom took advantage of its usage for covering trading fees, exchange fees, and listing fees on the Binance exchange. The BNB exchange rate and its market capitalization subsequently skyrocketed as a result.
Pros and cons of Binance Coin
Like any cryptocurrency, Binance Coin has its fair share of incredible pros and limiting cons. We always aim for transparency in our articles. So in this section, we’re going to cover some of the most important pros and cons of BNB.
|✔️ Binance Coin is one of the most useful utility tokens.||❌ The Binance crypto exchange and BNB are both heavily centralized.|
|✔️ The BNB exchange is enormously popular amongst traders.||❌ Binance is in heavy competition with other smart contract cryptocurrencies.|
|✔️ With low fees and high speeds, many speculate Binance could outperform Ethereum.|
Binance Coin FAQ
Do you still have questions about Binance? Rest assured, before we get into the price prediction, next we’ll cover some frequently asked questions about BNB to give you a better understanding of the original digital asset and its price potential.
What is Binance used for?
Binance Coin is mainly used to trade and pay fees on the Binance cryptocurrency exchange. BNB was initially based on the Ethereum network but is now the native currency of Binance’s own blockchain, the Binance chain. But the Binance Exchange isn’t the only place to use BNB. It can be used to book vacations on various websites, pay for online services, and even take out loans. Many people also use Binance coins to invest in various ICOs that are listed through Binance’s Launchpad program.
How does Binance Coin gain value?
Like most cryptocurrencies, the value of Binance is largely driven by speculation in its current state. As more people discover the wide range of its uses, its value grows. Due to its numerous advantages over fiat currency and precious metals, support for BNB is only expected to grow as cryptocurrencies become a more widely accepted alternative to fiat currencies. When it does, the value of Binance will likely grow in sync.
Can Binance Coin reach $5,000?
Since its initial development in 2017, Binance has grown to manage millions of transactions a month and has expanded its number of investors enormously, demonstrating the ability to scale as a digital asset. In recent years, the price surges of Binance have continued to amaze This has led many to ask whether this digital currency can ever reach $5,000 per coin.
Overall, due to its scarcity and the recent price history alone, there are many experts who strongly believe that BNB has the potential to reach $5,000 per coin by the year 2025. Whilst impossible to guarantee, the price history of Binance has shown us that anything is possible.
Where do people buy, sell, and trade Binance?
As well as the Binance Exchange platform, you can buy, sell, and trade Binance coins from various crypto trading platforms. If you are a new investor, then we suggest using eToro. It’s a safe, regulated, and beginner-friendly way to buy the crypto coin of your choice. The eToro interface is very simple to use, and it has an array of trading tools to allow you to trade safely.
Binance Coin Price History
In our various cryptocurrency price predictions, we’ve covered the price history of everything from Bitcoin to various altcoins. Price history is vital to gaining an insight into the price future and whether a digital asset is a profitable investment option. BNB is no exception.
Since its development in 2017, one of the most positive years for the Binance coin was 2019. This was the year where BNB saw returns of up to 150%. The opening stages of the 2020 pandemic led to the price dropping and stagnating for a few months. But there was hope on the horizon.
The combination of a lockdown and stimulus systems put in place by various Western governments led to widespread investment in various cryptocurrencies. Binance was one of them. In addition to this investment boost, was the scheduled burning process of Binance.
Binance conducts regular burning on its coins. Whilst was sometimes seen as a controversial process, it contributes to the scarcity of the coin and consequently to its value. In 2021, BNB started the year at around $37 and skyrocketed to $679 just a few months into the year. This left a historical performance of Binance Coin price equal to that of some of the biggest cryptocurrencies. Many people are confident that the price of Binance Coin can surpass this previous accolade.
Curious about how high or low the price of Binance coin can go in the next few years? Me too! Let’s look at what the experts have to say.
Expert analysis of the Binance Coin price potential
One of the best tools we can use to try and determine the potential coin price prediction Binance from today’s range is to analyze the opinions of various crypto experts. Let’s delve into four estimated growth outlooks for various industry experts and analysts.
Coinpedia is bullish on BNB and provided a profitable investment-based outlook for the Binance platform and its native coin. It believes that this digital asset has the potential to hit $700 by the end of 2021 before rising to $1,000 or more over the next two to three years and eventually come to $2,000 by 2025.
Wallet Investor uses an algorithm-based forecast in an attempt to predict the future price of cryptocurrencies. When it comes to Binance coins, they are also bullish. Wallet Investor predicts that the price of BNB could rise by the end of 2021, and see a potential return on investment as high as +447.25% sometime within the next five years.
Digital Coin Price
Digital Coin Price has another bullish data outlook for Binance, albeit slightly less so than WalletInvestor. With reliance thereon BNB continuing to build new investors and expand its customer base, Digital Coin Price predicts BNB to rise on an almost daily basis reach $601.58 by the end of 2021, $1,011.64 by the end of 2023, and finally, a figure of $1,125.15 by the end of 2025.
Another bullish data analysis on Bitcoin is Long Forecast. They predict a high of $498 for BNB in 2021. In the following three years, they expect the price of Binance Coin to rise to a high of $1,083 by the year 2025.
So from $600 over the short term to up to $1,100 over the long term, the overall expert analysis data on the future price of the Binance coin is overwhelmingly bullish. But what does the technical analysis tell us about the price potential of BNB?
Technical analysis of the Binance Coin price potential
Now we move onto technical analysis to try and predict the future price of Binance. This section will utilize data and powerful tools like the Japanese candlestick, chart patterns, and trading indicators. As well as giving traders the upper hand in day trading, they can enable us to discover long-term price predictions based on pure technicals when we assess longer time frames.
Binance Coin Price Prediction 2021 – 2022
Since the beginning of 2021, the price of Binance skyrocketed by 842% from $37.33 to $351.48. It’s predicted that the BNB price will rise by 47% in the second half of 2021 and it’s then expected to close the year at $516, which is a year-to-year change of +1282%.
Binance Coin Price Prediction 2022 – 2023
It’s predicted that the BNB price will rise to $671 per coin In the first half of 2022, it’s then expected to close the year at $822, which is a +134% gain on the current price.
Binance Coin Price Prediction 2023 – 2024
After starting 2023 at $822, Binance is expected to rise to $970 halfway through the year before ending at $1,116 at an overall annual increase of 218% from the current price.
Binance Coin Price Prediction 2024 – 2025
After starting 2024 at $1,116, Binance is expected to drop slightly to $1,011 halfway through the year. The second half of 2024 is expected to be slower and see the price of BNB end the year at an even lower price of $894. That’s an overall annual increase of 154% on the current price of Binance Coin.
Binance Coin price prediction conclusion
In conclusion, Binance is a stable asset attached to a well-established trading platform whose popularity is rapidly increasing. In addition, the number of partnerships and alliances with BNB is growing with recent partnerships worth 20,000 USD in loans from more than 50 investors being amongst them.
“We have elected to put our money and faith in a mathematical framework that is free of politics and human error.”– Tyler Winklevoss
The experts and technical analysis tell us that the future is certainly potentially bright for Binance Coin. But where is the best place to buy it? Naturally, many people opt for the Binance exchange itself. But there is a much more convenient option that will allow you to invest in BNB, buy over 18 other cryptocurrencies, and gain access to a range of incredible trading tools.
Whilst many people can see the significant future potential in BNB and its long-term earning potential, there is a significant number of people who are wondering where to invest in this innovative investment for the long term. The answer lies in a reputable and well-established trading exchange with access to vital trading tools like eToro.
Where to buy Binance Coin
You can buy Binance Coin on eToro alongside 18 other cryptocurrencies. This is a well-established, highly regulated, and secure platform that has the potential to revolutionize your crypto trading. You can buy and sell Binance Coin and speculate on the Binance Coin price prediction.
What’s more, is that eToro allows you to access their incredible array of trading tools such as the Stop Loss, Take Profit, and built-in charting software that all let you maximize your potential profits whilst ensuring safe trading practices that protect your hard-earned funds. Also, eToro offers Leverage Trading on Binance. This allows you to multiply small amounts to become large powerful positions that drive massive profits.
Overall, the financial situation, risk tolerance, and investment strategy of each person vary. Investing in Binance brings advantages as it does risks. Both of which are important to understand and weigh against your own investment goals and needs. Only invest money you can afford to lose and balance out the risky nature of crypto investment by building a diversified portfolio.
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Disclaimer – This content is for informational purposes only and is not investment advice. The trading of Binance Coin and other alternative cryptocurrencies has potential rewards, and it also has potential risks involved and it is not guaranteed to be a good investment in the crypto market. The prices of crypto can fluctuate wildly so trading BNB Token on the cryptocurrency market may not be suitable for all people. Anyone wishing to invest should seek his or her own independent financial or professional advice before making any investment decisions.