Key Takeaways
- Binance Coin (BNB) is the native utility token of the Binance smart chain ecosystem used for payment and incentives for liquidity providers.
- BNB use case and ecosystem has been a huge driving force behind the incredible strength of the BNB price action.
- Investors and traders see BNB competing with bigger cryptocurrencies due to its fast and low transaction fees and migration of dApps to its ecosystem.
| Token Name | Binance Coin (BNB) |
| Current Price | $654 |
| Market Capitalization | $94.2B |
| Total Circulating Supply | 144.01M BNB |
| Daily Support | $600 |
| Weekly Support | $520 |
| Daily Resistance | $720 |
| Weekly Resistance | $720 |
| 30 Days Performance | 7.7% |
Market Sentiment – Bullish
Technical Analysis – Bullish
AI/ML algorithm Prediction – 2025 BNB will be worth $1,500 and in 2030 BNB will be worth $5,000
What Is Binance Coin (BNB)?
Binance Coin (BNB) is the cryptocurrency used on the Binance exchange and the whole Binance ecosystem. Binance started as a cryptocurrency exchange that fastly became one of the largest in the world in terms of trading volume, surpassing other long-standing exchanges in the market.
Thanks to this explosive growth, Binance expanded its offerings and services. It lets users trade and handle virtual currencies and allows investors to engage in different activities in the cryptocurrency market. One of the solutions offered by Binance is Launchpad. This service lets users buy cryptocurrencies from projects that are being crowdfunded.
Nowadays, the solutions are even larger. For example, investors can easily borrow and lend funds with different virtual currencies. Moreover, investors can deposit their virtual currencies on the Binance exchange and stake them to earn rewards and participate in different crypto protocols.
Additionally, Binance recently released the Binance Smart Chain (BSC) blockchain network. Users can use BNB to engage on different decentralized finance (DeFi) and NFT platforms. The BSC became popular thanks to its fast and cheap Binance Coin transactions.
Binance Coin (BNB) Fundamental Analysis
Binance coin (BNB) had a spectacular year in 2019, even though its growth did slow down in the second half of the year. Buoyed by the launch of several IEOs or ICOs through the Binance launchpad, BNB’s price managed to outperform BTC by the end of the year, achieving gains of over 150%. Remember, at some point in 2019, this token managed to register gains of over 600%.
The future of Binance Coin (BNB) is highly related to expanding the Binance ecosystem in the cryptocurrency market. As we have seen, Binance was able to create a fast-growing ecosystem with many solutions and projects that attracted many users from all over the world.
If the decentralized finance market continues to expand, this would create a larger demand for BNB. Binance Coin became the third-largest cryptocurrency in the world after Bitcoin (BTC) and Ethereum (ETH), showing that Binance Coin is definitely a clear leader in the cryptocurrency market.
Another important aspect of Binance Coin is its expansion as a crypto exchange. Binance could offer new and innovative solutions to investors from all over the world who want to access the cryptocurrency market. With the expansion of its services and a larger number of users, BNB could continue expanding thanks to a larger demand for this virtual currency.
Of course, this would be highly related to the growth of DeFi, NFTs, cryptocurrencies, and other crypto-related solutions that Binance could offer and link to its BNB virtual currency.
Experts’ Opinion On Why BNB Price Will Rise
Tomaino, a former Coinbase employee, believes that there is a bullish case for the BNB token. He argues that this will remain the case if Binance maintains its dominance in the cryptocurrency exchange industry. This is contingent on Binance evolving with improvements in decentralized exchange services, which will see the coin’s price surge.
According to a leading crypto publication, the Binance platform has successfully launched several projects, such as the BitTorrent token (BTT) and Fetch.AI (FET) token. It is also planning to revive initial coin offerings by generating quality tokens with strong user cases, which will encourage massive participation. Such developments will increase BNB’s adoption and boost its price.
Technical Overview Of BNB Price Prediction
Source – Technical Overview of BNB Price Prediction From Digitalcoinprice
A technical overview of the BNB price prediction demonstrates the strength of market price action as bulls continue to dominate the BNB price with more buys.
Moving Averages indicate bullish scenarios for Binance coins as the price creates new all-time highs.
Binance Coin Price Prediction For Today, Tomorrow, Next Week, And Next Month
Source – 4H BNB Price Chart From TradingView
After reaching new all-time highs of $790, the price of BNB experienced a minor decline. BNB dropped to a region of $640, which acted as a strong support zone for the price. The price of BNB bounced off this support region of $640 as the price of BNB resumed its bullish rally.
In the coming days, we could see BNB maintain its bullish price action towards its all-time high of $790 and a continuous rally to the upside in the coming year.
BNB Price History And Short-term Price Prediction for 2024
Source – Binance Coin 1D Chart from TradingView
In 2017-2018, Binance initially created the BNB coins to raise funds through an ICO. The BNB price at the time of the ICO was 15 cents. Binance offered 100 million BNB coins for sale and raised funds worth nearly $15 million in BTC and ETH. A month after the ICO, the BNB price dropped to an all-time low of $0.09.
The price of BNB rallied to $38 in 2019. During the bearish market, it dropped to a region of $9-$12. In December 2020, the price of Binance coin (BNB) rallied to a high of $37.3. It went on to hit a staggering mark of $690 in the following year’s bull market of 2021.
2022 bearish market and SEC policies forced Binance to make major adjustments as this hampered the price of BNB to a region of $200. Still, the price has demonstrated resilience, rallying to a high of $720 before retracing to $650.
The overall trend for Binance Coin (BNB) is currently bullish, as the price forms a bullish ascending triangle in the daily timeframe shown in the chart above.
A break and close above this bullish wedge could see the BNB token rally to a new all-time high and possibly $800 before 2024 ends.
BNB Price Prediction 2025
The price of BNB has demonstrated incredible strength, from its low of $200 to reclaiming above its new all-time high of $790. Despite facing market uncertainties and regulatory backlash, this crypto project has remained strong with its active community.
Although BNB has a good use case, bulls have backed its price so far as the price could continue its rally in the coming year to a high of $1,000 based on expert speculation on BNB price prediction.
BNB Price Prediction For 2025-2030
| Year | Average Price | Lowest Price | Highest Price |
| 2025 | $875 | $750 | $1,000 |
| 2026 | $1,040 | $880 | $1,200 |
| 2027 | $775 | $650 | $900 |
| 2028 | $620 | $520 | $720 |
| 2029 | $1,950 | $1,500 | $2,400 |
| 2030 | $3,450 | $2,700 | $4,200 |
Binance coin (BNB) ‘s fundamental and technical analysis show that its price is bullish, coupled with the project’s building on its ecosystem. This exposes the BNB utility token to grow in acceptance in the crypto space and as a means of payment from DeFi incentives.
Frequently Asked Questions FAQs
Is BNB a Good Investment?
BNB has substantial potential as a long-term investment due to its leading role in the crypto world, backed by a working ecosystem.
Is BNB Coin Safe?
Binance Smart Chain has generally been secure, and Binance itself has robust security measures to protect user funds. In addition, Binance has made efforts to comply with regulations globally, increasing transparency and security measures to gain trust among users.
Will Binance Coin (BNB) Hit $1,000?
It’s quite possible. According to its price action, BNB could hit $1,000 or more if the bull market is sustained to 2025.
Could BNB Reach $10,000?
It is never impossible in crypto. If Binance Smart Chain becomes the central figure for building dApps, surpassing Ethereum and other competitors, the demand for BNB could push the price to $10,000. Theoretically possible.
How High Can BNB Go In 2030?
Machine language algorithms think that in 2030, BNB will hit a maximum price of $5,000.
Is BNB Expected To Rise?
BNB has maintained its bullish price action and could continue to rally high.
What Is BNB All Time High?
The BNB token hit a new all-time high of $790 recently.
What Is Binance Worth Today?
Currently, as of the time of writing, BNB is worth $718.
Bnb Price Prediction This Week USD
BNB price prediction for this week is speculated to go as high as $760.
BNB Price Prediction Next 24 Hours
Expect the predicted price of BNB to be worth $750.
