Will BNB reach $700 in 2023?

  • Bullish BNB price prediction ranges from $250 to $500.
  • BNB price might also reach $545 this 2023.
  • BNB’s bearish market price prediction for 2023 is $225.5.

Binance Coin is the native token of the Binance Smart Chain (BSC). It is owned by the largest cryptocurrency exchange in the world for spot trading. Binance Smart Chain allows developers to create decentralized applications (DApps). Binance Coin is denoted with BNB and has increased by 33.6% in the past 30 days.

Binance Coin (BNB) investors are bullish on the coin. It uses the automatic burning mechanism to reduce its volume in circulation. Investors can earn rewards by staking their BNB on the Binance Exchange or any other exchange that supports BNB staking.

If you are interested in the future of Binance Coin (BNB) and would want to know the price analysis and price prediction of BNB for 2023, 2024, 2025, 2026, up to 2030, keep reading this Coin Edition article.

Binance Coin (BNB) Market Overview

NameBNB
Symbolbnb
Rank#4
Price$328.74
Price Change (1h)-0.39093 %
Price Change (24h)6.86662 %
Price Change (7d)7.05093 %
Market Cap$44437529091
All Time High$686.31
All Time Low$0.0398177
Circulating Supply134940326.76 bnb
Total Supply157219628.63 bnb

What is Binance Coin (BNB)?

Binance Coin (BNB) was launched in June 2017. Binance Coin was migrated to its blockchain called Binance Smart Chain in September 2020. Binance was founded by Changpeng Zhao.

Binance Smart Chain can complete 15 transactions per second (TPS).and at a very low fee by using Binance Coin (BNB).

Some of the building blocks of the Binance Network include Binance Exchange, Binance Chain, Binance Smart Chain, Binance Launchpad, Binance Foundation, Binance Academy, and Trust Wallet.

Binance coin is compatible with Ethereum tokens and transactions on the Binance Smart Chain can be traced on the Ethereum blockchain. During the Initial Coin Offerings (ICO) of BNB, a total of $15 million was raised and the cost per coin was $0.10.

Analysts’ View on Binance Coin (BNB)

A crypto analyst tweeted that BNB might value more than $2,000 in the coming bull run. 

A trader mentioned that BNB has a chance of breaking its all-time high value placed at $700 price region. 

Another analyst mentioned that BNB has been eyed by many investors. He caught his long trade on Binance Coin at around $285 and holding that entry since then.

Binance Coin (BNB) Current Market Status

The maximum supply of Binance Coin (BNB) is 200 million BNB while the circulation supply is 161,337,261.09 BNB. At the time of writing, BNB is trading at $324 which represents a 24 hours increase of 0.06%. The trading volume of Binance Coin in the past 24 hours is $1,311,838,942 which represents a 27% increase.

Some of the top cryptocurrency exchanges for trading Binance Coin (BNB) are Binance, Bithumb, Kucoin, FTX, Mexc, Bitfinex, and others.

Now that you have known what Binance Coin is, we shall discuss the price analysis of BNB for 2023.

Binance Coin (BNB) Price Analysis 2023

Currently, BNB is ranked in the 5th position on CoinMarketCap. Will developments and upgrades on the Binance blockchain lead to a rising in the price of BNB? We shall see this in this Coin Edition price analysis 2023 article.

Binance Coin (BNB) Price Analysis – Keltner Channel

BNB/USDT 1Day Chart Showing Keltner Channel (Source: Tradingview)

Keltner channel is a technical analysis indicator that is used to determine trend directions by measuring the volatility above or below the candlesticks. From the Keltner Channel signals for Binance Coin (BNB), it could be seen that the present bullish run could continue since the last candlestick is within the first half of the chart from the top. Also, since the last candlestick is almost breaking out on the top of the curve, the present increase in the price of BNB might be sustained before any reversal would be expected.

Binance Coin (BNB) Price Analysis – Relative Strength Index

BNB/USDT 1Day Chart Showing Relative Strength Index (Source: Tradingview)

The Relative Strength Index (RSI) is a technical analysis indicator that measures the relative momentum in the magnitude and speed of recent price changes of an asset to deduce if it is an oversold or overbought asset. The RSI value of the Binance Coin (BNB) 1-day chart of BNB/USDT is 65.56.  This shows that BNB is trading close to the overbought trend. This value could trigger a further bullish run if more buyers could be attracted to gain from the expected price increase to the 100 RSI value. However, a panic sell could crash the price to around 70 RSI value.

Binance Coin (BNB) Price Analysis – Moving Averages

BNB/USDT 1Day Chart Showing 200-MA and 50-MA (Source: Tradingview)

The chart above, shows the 1-day chart of Binance Coin (BNB) 200-day and 50-day Moving Average (MA). Presently, BNB is on a bullish trend as it crossed over both 200-MA and 50-MA. Also, since the 200-MA is above the 50-MA, we can deduce the price is bullish for long-term hodlers. 

Also, since the gap between the moving averages is small and within the recently formed candlesticks, the price of Binance Coin (BNB) might move sideways.

Binance Coin (BNB) Price Prediction 2023

BNB/USDT 1Day Chart (Source: Tradingview)

From the chart above, we can observe that Binance Coin is trading above the 200-day moving average. After being in the bear market for months, BNB finally crossed over the 200-day moving average and traded above the line indicating the market has finished its bearish moments. However, if we zoom it out, it has been trading rangebound between its resistance and support. 

Irrespective of this sideways movement in the price of BNB, we can deduce the following:

  1. The price of BNB is expected to reverse at the $231.2 support1 level, due to the liquidity grab from the previous order block. If investors have their way, the price of BNB could surge higher above the resistance1 level.
  2. The reversal at the resistance1 level could lead to a further decrease in the price of BNB up to the support1 level at $231.2 until a double bottom is formed. This could lead to a bullish reversal.

Meanwhile, our long-term BNB price prediction for 2023 is bullish since it might break many psychological resistances. We can expect Binance Coin to reach $700 this year.

MonthMinimum PriceAverage PriceMaximum Price
January 2023317.05328.30339.55
February 2023337.17348.42359.67
March 2023348.67359.92371.17
April 2023360.76372.01383.26
May 2023380.88392.13403.38
June 2023392.38403.63414.88
July 2023414.47425.72436.97
August 2023434.59445.84457.09
September 2023466.09477.34488.59
October 2023488.18499.43510.68
November 2023508.30519.55530.80
December 2023533.80545.05556.30

Binance Coin (BNB) Price Prediction – Resistance and Support Levels

BNB/USDT 1Day Chart Showing the Key Levels (Source: Tradingview)

According to CoinMarketCap, BNB’s price was fluctuating between $291.72 and $322.75 within the past 7 days. BNB has been trading a range bound between its resistance 1 and support 1 in the past months. However, it slightly coming up towards its resistance 1 since the end of December, 2022. If this price increase continues, BNB could break the $328.3 resistance1 level and move higher to $340.8 at the resistance6 level, and even higher, the bullish signal for 2023.

However, if sellers have their way, the price of BNB might be dethroned from its present uptrend position. In simpler terms, Binance Coin might trend below the $240.8 support1 level, and even lower in 2023, a bearish signal.

Binance Coin (BNB) Price Prediction 2024

BNB price could hold the support level around 200-MA, the long-term moving average of 200 days firmly, buyers will then have ample time and stability to forge the next attack mission on the vital level at $782, making it not plummet but play consistently. Additionally, this could only be possible if Binance Coin breaks through past psychological resistance levels.

MonthMinimum PriceAverage PriceMaximum Price
January 2024554.11565.36576.61
February 2024574.23585.48596.73
March 2024585.73596.98608.23
April 2024597.82609.07620.32
May 2024617.94629.19640.44
June 2024629.44640.69651.94
July 2024651.53662.78674.03
August 2024671.65682.90694.15
September 2024703.15714.40725.65
October 2024725.24736.49747.74
November 2024745.36756.61767.86
December 2024770.86782.11793.36

Binance Coin (BNB) Price Prediction 2025

BNB prices are expected to rise above $1,011 in the next three years and it is believed to be achievable due to new price targets that may be identified for buying or selling. The outlook for Binance Coin is optimistic and it is likely to reach a new record high.

MonthMinimum PriceAverage PriceMaximum Price
January 2025791.22802.47813.72
February 2025811.34822.59833.84
March 2025822.84834.09845.34
April 2025834.93846.18857.43
May 2025855.05866.30877.55
June 2025866.55877.80889.05
July 2025888.64899.89911.14
August 2025908.76920.01931.26
September 2025940.26951.51962.76
October 2025962.35973.60984.85
November 2025982.47993.721004.97
December 20251007.971019.221030.47

Binance Coin (BNB) Price Prediction 2026

It is predicted that BNB prices could increase beyond $1,256 in the next four years and this is considered achievable due to new target prices that may be established for buying or selling. The outlook for Binance Coin is positive and it has a high probability of reaching a new all-time high.

MonthMinimum PriceAverage PriceMaximum Price
January 20261028.331039.581050.83
February 20261048.451059.701070.95
March 20261059.951071.201082.45
April 20261072.041083.291094.54
May 20261092.161103.411114.66
June 20261103.661114.911126.16
July 20261125.751137.001148.25
August 20261145.871157.121168.37
September 20261177.371188.621199.87
October 20261199.461210.711221.96
November 20261219.581230.831242.08
December 20261245.081256.331267.58

Binance Coin (BNB) Price Prediction 2027

It is expected that the value of BNB could surpass $1,493 in the next five years, and this is believed to be attainable due to new medium, short-term, and long-term price goals that may be established for buying or selling. The forecast suggests that Binance Coin (BNB) has a robust potential of reaching a new record high price.

MonthMinimum PriceAverage PriceMaximum Price
January 20271265.461276.711287.96
February 20271285.581296.831308.08
March 20271297.081308.331319.58
April 20271309.171320.421331.67
May 20271329.291340.541351.79
June 20271340.791352.041363.29
July 20271362.881374.131385.38
August 20271383.001394.251405.50
September 20271414.501425.751437.00
October 20271436.591447.841459.09
November 20271456.711467.961479.21
December 20271482.211493.461504.71

Binance Coin (BNB) Price Prediction 2028

Binance Coin (BNB) prices might grow past $1,730 during the next six years. Furthermore, hitting this level might not be so tough for BNB due to new medium, short-term, and long-term price objectives for purchase or sell orders that may be discovered. According to the forecast, BNB has a strong chance of reaching a new all-time high (ATH) price.

MonthMinimum PriceAverage PriceMaximum Price
January 20281502.571513.821525.07
February 20281522.691533.941545.19
March 20281534.191545.441556.69
April 20281546.281557.531568.78
May 20281566.401577.651588.90
June 20281577.901589.151600.40
July 20281599.991611.241622.49
August 20281620.111631.361642.61
September 20281651.611662.861674.11
October 20281673.701684.951696.20
November 20281693.821705.071716.32
December 20281719.321730.571741.82

Binance Coin (BNB) Price Prediction 2029

BNB prices might grow past $1,967 during the next seven years. Furthermore, hitting this level might not be so tough for BNB due to a new medium, short-term, and long-term price objectives for purchase or sell orders that may be discovered. According to the forecast, BNB has a strong chance of reaching a new all-time high (ATH) price.

MonthMinimum PriceAverage PriceMaximum Price
January 20291739.681750.931762.18
February 20291759.801771.051782.30
March 20291771.301782.551793.80
April 20291783.391794.641805.89
May 20291803.511814.761826.01
June 20291815.011826.261837.51
July 20291837.101848.351859.60
August 20291857.221868.471879.72
September 20291888.721899.971911.22
October 20291910.811922.061933.31
November 20291930.931942.181953.43
December 20291956.431967.681978.93

Binance Coin (BNB) Price Prediction 2030

Binance Coin (BNB) prices might grow past $2,200 during the next eight years. Furthermore, hitting this level might not be so tough for BNB due to new medium, short-term, and long-term price objectives for purchase or sell orders that may be discovered. According to the forecast, BNB has a strong chance of reaching a new all-time high (ATH) price.

MonthMinimum PriceAverage PriceMaximum Price
January 20301976.791988.041999.29
February 20301996.912008.162019.41
March 20302008.412019.662030.91
April 20302020.502031.752043.00
May 20302040.622051.872063.12
June 20302052.122063.372074.62
July 20302074.212085.462096.71
August 20302094.332105.582116.83
September 20302125.832137.082148.33
October 20302147.922159.172170.42
November 20302168.042179.292190.54
December 20302193.542204.792216.04

Binance Coin (BNB) Price Prediction 2040

According to our long-term BNB price estimate, BNB prices could reach a new all-time high this year. If the current growth rate continues, we could anticipate an average price of $5291.49 by 2040. If the market becomes bullish, the price of Stratis may increase beyond our 2040 forecast.

Minimum PriceAverage PriceMaximum Price
$3704.04$5291.49$5503.15

Binance Coin (BNB) Price Prediction 2050

According to our BNB forecast, the average price of BNB in 2050 might be above $12106. If more investors are drawn to Stratis between these years, the price of Stratis in 2050 could be far higher than our projection.

Minimum PriceAverage PriceMaximum Price
$8148.89$12106.92$11641

Conclusion

As said above, Binance Coin (BNB) might reach $545 in 2023 and $2.200 by 2030 if investors have decided that BNB is a good investment along with mainstream cryptocurrencies like Bitcoin and Ethereum.

FAQ

What is Binance Coin (BNB)?

It is the native token of the Binance blockchain. It is denoted with BNB.

How to buy Binance Coin Token?

Like other cryptocurrencies, BNB can be traded in cryptocurrency exchanges like Binance, Bithumb, Kucoin, Mexc, and others.

Will BNB surpass its present ATH?

Since BNB provides its investors with staking rewards, it has a possibility of surpassing its present all-time high (ATH) price of $690.93 in 2025.

When was Binance Coin launched?

It was launched in 2017.

What will be the Binance Coin (BNB) price by 2023?

Binance Coin (BNB) price is expected to reach $545 by 2023.

What will be the Binance Coin (BNB) price by 2024?

Binance Coin (BNB) price is expected to reach $782 by 2024.

What will be the Binance Coin (BNB) price by 2025?

Binance Coin (BNB) price is expected to reach $1011 by 2025.

What will be the Binance Coin (BNB) price by 2026?

Binance Coin (BNB) price is expected to reach $1256 by 2026.

What will be the Binance Coin (BNB) price by 2027?

Binance Coin (BNB) price is expected to reach $1493 by 2027.

What will be the Binance Coin (BNB) price by 2028?

Binance Coin (BNB) price is expected to reach $1730 by 2028.

What will be the Binance Coin (BNB) price by 2029?

Binance Coin (BNB) price is expected to reach $1967 by 2029.

What will be the Binance Coin (BNB) price by 2030?

Binance Coin (BNB) price is expected to reach $2200 by 2030.

What will be the Binance Coin (BNB) price by 2040?

Binance Coin (BNB) price is expected to reach $5291 by 2040.

What will be the Binance Coin (BNB) price by 2050?

Binance Coin (BNB) price is expected to reach $12106 by 2050.

Disclaimer: The views and opinions, as well as all the information shared in this price prediction, are published in good faith. Readers must do their research and due diligence. Any action taken by the reader is strictly at their own risk. Coin Edition and its affiliates will not be held liable for any direct or indirect damage or loss.

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