How are the crypto projects of Cardano and Binance Coin progressing and what are the current price predictions for ADA and BNB?
Cardano (ADA) and Binance Coin (BNB): the prices of the two crypto
Cardano (ADA) and Binance Coin (BNB) remain two cryptos in the top 10 of the overall ranking by market capitalization.
Specifically, the historic crypto ADA is in tenth place with 12.95 billion dollars of market cap and a price of 0.37$.
In these two days of general crypto bull, due to the victory of Donald Trump in the 2024 US presidential elections, the price of ADA has also registered a pump. In fact, ADA has gone from the price of $0.33 on November 5th to the current $0.37.
Binance Coin (BNB) is instead in the 5th position in the overall ranking, with a total market cap of 85.78 billion dollars.
At the time of writing, BNB is worth 595$, also in pump. Starting from November 5 at the price of 557$, BNB rose to exceed 600$ before returning to the current price.
With this current situation, what are the price forecasts for the two crypto?
Cardano (ADA) and Binance Coin (BNB): the price forecasts of the two crypto in the short term
The analysts at Changelly have shared their price predictions for the two cryptos Cardano (ADA) and Binance Coin (BNB).
In the short term, Cardano (ADA) should remain slightly above the current price threshold, ending the year 2024 with an average price of $0.34.
If this were the case, the price forecast for ADA in the short term is quite negative, considering that in January ADA was worth $0.59 and in March 2024 it reached its annual high at the price of $0.77.
Regarding the price prediction for Binance Coin (BNB), Changelly states that BNB will end the year at an average price of $607.
In this case, the forecast is optimistic, as BNB started the year with a price of $312 and its annual high reached $710 in June 2024.
And in the long term?
Taking a look at the long term, however, the price forecasts for the two crypto projects are quite confident.
According to Changelly, the price of ADA should be $0.62 at the end of 2025, $1.61 at the end of 2028, and $3.54 at the end of 2030.
In the case of BNB, instead, Changelly states that its average price will be 662$ at the end of 2025, 2992$ at the end of 2028, and 5,990$ at the end of 2030.
Source: https://en.cryptonomist.ch/2024/11/07/cardano-ada-and-binance-coin-bnb-what-are-the-price-forecasts/