Disclaimer: The datasets shared in the following article have been compiled from a set of online resources and do not reflect AMBCrypto’s own research on the subject
Hey, do you hold crypto? If yes, how much thought did you give to the prospect of holding BNB? Not much? Well, here’s something to ponder upon.
Back in January 2021, the price of Binance Coin (BNB) was $40. However, the same year saw a rather significant increase in BNB’s price, one that allowed it to hit $690. This was its highest price level in 2021. The crypto-market, however, experienced a bloodbath in the latter few months of 2021, with major cryptos, including BNB, seeing declines.
BNB’s price has fallen as a result of the cryptocurrency market’s sharp bearish shift. One can also argue that the SEC’s issues with Binance took a heavy toll on the price of the altcoin. Even so, expectations remain high.
Finder.com surveyed 54 people recently, with the panel believing that the coin has promising long-term potential. The crypto’s price is expected to hit $781 in 2023. And, although BNB may not be receiving as much attention right now, it routinely ranks among the best-performing currencies in terms of ROI. It is also the fifth-largest crypto in the world.
Given everything, buying BNB must be a wise decision in the long run, right? Most analysts have positive predictions for BNB. Additionally, the bulk of long-term BNB price projections are upbeat.
Why do these projections matter?
BNB is a cryptocurrency that is native to the world’s biggest cryptocurrency exchange. It is also crucial to the Binance Smart Chain ecosystem. The latter, in fact, is one of Ethereum’s competitors, and it offers substantially higher scalability and lower transaction costs.
The steady increase in the number of traders on Binance also has a positive impact on the price of BNB. The cost of this altcoin had increased, rising from $526.94 in October 2021 to $555.34 at the start of January 2022. It is anticipated to keep expanding as trade activity on the exchange rises as Binance establishes itself as a market leader in the cryptocurrency trading industry.
Its value reached a high point, in part due to the volume of BNB used for decentralized applications (DApps), DeFi, and smart contracts after the launch of Binance Smart Chain. With 44 exciting projects, BSC is the second-largest DeFi platform at the moment. Over 620,000% have been added to the value of Binance Coin between its 2017 introduction and its 2021 peak.
The fact that the exchange has maintained a burning program since the coin’s introduction is just another reason to trust BNB. On April 15, 2021, Binance burned more than 1,099,888 BNB, equal to $595,314,380 worth of tokens. This is Binance’s 15th quarterly BNB burn, and in terms of cash, it was the biggest one yet.
In this article, we’ll quickly review the current activity of the cryptocurrency with a focus on market cap and volume. In conclusion, predictions from the most well-known analysts and platforms will be summarized together with an analysis of the Fear & Greed Index to determine market mood.
BNB’s price, volume, and everything in between
At the time of writing, BNB was trading at about $313. The price of the crypto was almost -39% lower than its price in January 2022. In fact, it saw a decline of 12% over the past week (YTD).
BNB’s trading volume increased by more than 65% over the said period. This brings the total circulating supply to 163.28 million, or about 98.89% of the total supply of 165.12 million coins. On the daily chart, BNB’s total market cap was $50 billion.
And as the numbers slowly go up, investors and experts have gone bullish on the token. The managing director of Digital Capital Management, Ben Ritchie, is positive about BNB and predicts that by the end of the year, the crypto will be worth $300 (which it already is, as of now). Ritchie also admitted that the viability of Binance’s exchange will determine the destiny of BNB. Going on to say that the asset has the potential to be a deflationary one, he added,
“The price of BNB also follows the demand and supply. BNB introduced a burn mechanism in every transaction fee and conducted quarterly burns, making it a deflationary asset. Since the BNB chain ecosystem continues to grow, the price may reach as high as $3,000 in 2030.”
Since there has been little net price movement over the last 10 days, the EMAs, at press time, were trading below the mean position. The 12-EMA seemed to be heading back towards the 26-EMA, reflecting recent purchasing activity, as the markets noticed buying activity and the EMAs began showing symptoms of a bullish convergence.
In fact, the 4-hour Binance Coin Price Analysis offered a buy recommendation, with the bulls being supported by 14 of the 26 key technical indicators. Only three of the signs supported the bears
At the time this article was written, this was the view held by TradingView, with the platform flashing a “Buy” signal for BNB.
Let’s now look at what well-known platforms and analysts have to say about where they believe BNB will be in 2025 and 2030.
BNB Coin Price Prediction 2025
Changelly, for its part, is very optimistic about the fortunes of Binance Coin. It predicted that the lowest BNB price in 2025 will be $1,122.96, while its highest price will be $1,270.31.
Technologist and futurist Joseph Raczynski too has a bullish outlook. He believes Binance to be the top worldwide exchange. He said,
“While BNB is not decentralized, it still can serve a purpose for fast and cheap transactions. That has a cost though. Binance could change parameters on the token without consensus and they are far more likely to be a single point of failure.”
Crypto-exchange CoinDCX predicts that if the end of the previous year was bullish, the beginning of 2025 might likewise be positive. Thus, the price could initially reclaim its position above $2000 and continue to maintain a strong advance. Consequently, one might try to reach $2500 by the end of 2025.
So, with all these positive predictions, is there a reason to not root for BNB? Well, remember that 2025 is still more than three years from now and Binance has a lot going on with the SEC. The SEC is after Binance, accusing it of issuing BNB as an unregistered security.
However, despite this, the market is quite optimistic. The Co-founder and Vice President of MetaTope, Walker Holmes, does not believe that the SEC will significantly harm the future of BNB. He said,
“We have seen this play out with XRP, ETH, and others. CZ can present a very compelling case. I think this is a question of potential monetary penalties. However, at the time of writing, I do not think Binance is at major risk of being taken down.”
BNB Coin Price Prediction 2030
CEO of Balthazar, John Stefanidis, expressed great optimism about BNB in a study. A BNB value of $3,000 by 2030, in his opinion, is entirely doable. Due to its cutting-edge technology and adherence to international rules, BNB is well-positioned for long-term success. He also emphasized that Binance’s great UX, a strong venture team, and a great brand are all factors in BNB’s success.
Although BNB is more affordable for many investors, Desmond Marshall, the Director of Rouge Ventures and Rouge International, thinks Binance Coin might overtake Ethereum. According to him, the implementation of the limits will have the greatest impact on the performance of the crypto. Additionally, the trust that the neighbourhood has in BNB is a crucial factor in determining future growth.
Now, all these predictions are positive, but one has to be careful. We are talking about 8 years from now and it is worth taking into account the current status of the crypto-industry. The prices of BNB and Bitcoin are closely correlated. Fortunately, BNB can be burned on the Binance market, which reduces the number of tokens in circulation and could raise the price of the coin.
The profitability of BNB will be significantly influenced by technological advancements. To enhance the functionality of the blockchain, Binance has several plans to invest in cutting-edge technologies.
Conclusion
Now, it is not that the prediction of BNB coin is always positive. In light of the coin’s volatility and the fact that it “primarily follows the price gyrations of Bitcoin and has no real-world use,” John Hawkins, a senior lecturer at the University of Canberra, has predicted that BNB’s price will fall to $180 by the end of 2022.
It’s critical to bear in mind that cryptocurrency markets are incredibly unpredictable, making it challenging to provide long-term projections. Worth noting, however, that the F&G Index has been recovering. Ergo, better times might be ahead.
Source: https://ambcrypto.com/binance-coin-bnb-price-prediction-2025-2030-is-3k-by-2030-possible/