Disclaimer: The CoinMarketCap cryptocurrency community price estimate is based only on the votes of its users. Estimates do not guarantee end-of-month prices.
As the entire cryptocurrency market flashes green again after breaking through the $1 trillion market capitalization level again, crypto investors and traders are trying to estimate where BNB, the native token of Binance, one of the world’s largest crypto exchanges, will trade by the end of August.
Using the website’s ‘Price Estimates’ feature, the community of voters at CoinMarketCap has made bullish predictions that the price of BNB on August 31, 2022, will stand at an average of $360.91.
The above estimation is the result of the 1,888 community member votes cast by the time of publication and represents an increase of $76.61 or 26.95% from the decentralized finance (DeFi) asset’s current value that Finbold retrieved on July 29.
Long-term prognosis
In terms of the projections for the end of September, the community is even more bullish than for August, predicting that the average price of BNB on September 30 will be $384.06, which is a 35.09% or +$99.77 gain compared to the asset’s price at press time.
On the other hand, as far as the end of 2022 is concerned, the panel of 54 fintech industry specialists at Finder has predicted that BNB will end the year at $274, which is even lower than its current price.
BNB price analysis
At press time, Binance Coin traded at $284.30, which demonstrates a 5.42% increase on the day, and a 6.08% gain compared to seven days ago, according to CoinMarketCap data.
Furthermore, as per the data, the entire market capitalization of BNB at press time is $46.18 billion, making it the fifth-largest crypto asset by this indicator.
Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
Source: https://finbold.com/can-bnb-reach-400-by-the-end-of-august-heres-what-the-crypto-community-says/