How Much Will Binance Coin Be Worth In 2021 And Beyond?
On the hunt for Binance Coin predictions? Or have you been struggling to answer the question ‘is BNB a good investment?’ Read on. Find out the top Binance Coin BNB Price prediction forecast for 2021 and beyond and discover how much BNB could be worth in 2021-2025.
The market-wide bull run that gathered speed in December 2020 has sent the price of most major cryptocurrencies soaring. But although the media may be consumed with the performance of Bitcoin, one of the most exciting developments has got to be the ERC-20 token Binance Coin (BNB).
In an impressive market take-over, BNB has elbowed its way past the competition to become the world’s third-largest cryptocurrency. Back in December 2020, it was the 10th largest — which means it has outstripped big names such as Tether, Ripple XRP, and Litecoin to nab its spot. It’s the first time that Tether has been knocked from its perch in years. So, with such a staggering bull run under its belt, what could be next for Binance Coin?
In this article, we’re revisiting the top investment analysts to see what they believe is in store for the price of BNB. At the time of writing, this cryptocurrency has a price of $236.92 and a market capitalization of $38.25B. We’ll be examining whether this record-breaking performance is likely to continue in 2021-2025, attempting to answer the question ‘is Binance Coin a good investment?’
As you can probably guess from the name, Binance Coin is issued by the popular Chinese cryptocurrency exchange, Binance. A portmanteau of ‘binary’ and ‘finance’, Binance trades around $5,184,160,910 in a typical 24-hour period and is the biggest crypto exchange in the world. Part of its success is thanks to its in-house matching engine that matches users who are looking to buy and sell the same asset simultaneously.
Read on to discover some of the key Binance Coin BNB price predictions for 2021 and beyond.
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What Is Binance Coin (BNB)?
As we mentioned in the introduction, Binance Coin is a digital asset that’s launched and issued by the Binance exchange. Users can pay their Binance fees in BNB and even receive discounts for doing so. (These discounts are valid for four years and halve in value every year: 50% in the first year, 25% in the second, 12.5% in the third, and 6.25% in the fourth).
Paying fees is the primary purpose of Binance Coin, although it can also be spent in a variety of online and physical stores around the world. Another key use case for BNB is to invest it in Initial Coin Offerings (ICOs) that have been founded as part of Binance’s Launchpad program. This is essentially a start-up launcher, exclusively for new digital assets that can be traded on the Binance exchange.
Binance Coin is also one of the major exchange tokens on Binance. Because the Binance platform doesn’t support fiat currencies, users can only trade between different cryptos. BNB acts as a relatively consistent in-house asset that can be easily traded and held if an investor doesn’t wish to purchase a new digital currency.
Excited by Binance Coin’s rapid growth? If you’re wondering whether the price of BNB will continue to rise, you’re in the right place. We’re taking a look at the updated BNB price predictions for 2021-2025.
Short-Term Binance Coin Price Predictions: 2021
BNB price prediction for 2021
What are crypto experts forecasting for Binance Coin BNB in 2021?
If you’re wondering ‘should I buy Binance Coin today?’, the best place to start is by looking at the cryptocurrency predictions. Let’s look ahead to 2021 and see what some of the top crypto analyst platforms believe is in store for BNB next year.
When we first shared a list of BNB price predictions in December 2020, the outlook was largely positive. The platform WalletInvestor gave one of the brightest predictions for 2021, claiming that the price of BNB could grow by 17.31% over the year. Although it expected the price to fall again after hitting $40 in the middle of 2021, it still believed that the asset would remain above $30 — and even above its previous all-time high (ATH) of $38.91, which it achieved in 2019.
If its previous predictions seemed encouraging, its updated forecasts are even brighter. The graph below shows what WalletInvestor expects to happen to the price of Binance Coin in 2021:
There’s nothing bearish about these predictions. By the end of the year, WalletInvestor expects BNB to reach a new ATH of between $390 and $430, obliterating its previous ATH of just $38.91. Its price will climb throughout the year, with its growth accelerating rapidly after a slightly more stable period. With the exception of a couple of days in early 2021, Binance Coin won’t fall below $260 for the entirety of the coming year. At the start of 2022, its price will have rocketed to over $325 — around eight times higher than its previous ATH.
According to WalletInvestor, the outlook is very good. The platform believes that the price of BNB could grow by 17.31% over the next year, hitting values of over $850 by the middle of 2021. Although it expects the price to fall again towards the end of the year, it will consistently remain above its current price of $300.17 — and even above its previous all-time high (ATH) of $38.91, which it achieved in Feb 2021. We can see this prediction illustrated in the graph below:
This prediction is undoubtedly positive, but it pales in comparison to the predictions from Long Forecast! Although the platform has a history of making predictions that are more bearish than most, it’s released this staggering forecast for the price of Binance Coin in 2021:
If you’ve ever wondered ‘will Binance Coin reach $1,000?’, you’re in luck. In a completely unprecedented prediction, Long Forecast expects that the price of Binance Coin will rise to a staggering $1,000 during 2021. Although its price will slip back down to $938 in September, it will spend the remainder of the year above this milestone, eventually closing the year at $1180 after briefly hitting a new ATH of $1,303.
This forecast is so optimistic that it makes Wallet Investor’s prediction seem underwhelming. If its calculations are correct, it means the price of Binance Coin will increase from $44 to $1,303 in the space of a single year. That’s an incredible growth rate of 2861.36%! But considering Binance Coin’s already-impressive performance, could this be more likely than it seems?
Our final short-term price prediction comes from Digital Coin Price. Almost any prediction would seem a little disappointing when compared to Long Forecast’s outlook, and Digital Coin Price is no exception. But although the investment analysis platform doesn’t predict the same sky-high prices, it’s still optimistic for the future of Binance Coin, as we can see from the graph below.
For the entirety of the year, Digital Coin Price doesn’t expect the price of Binance Coin to fall below $300. This is an encouraging sign, as it suggests that the asset’s bull run isn’t purely a fluke. Although it expects a relatively high level of volatility, with BNB’s price ranging from a maximum of $981.19 to a minimum of $306.39, it’s still reassuring to see that it will close the year at a value of around $825 — about $300 higher than its current price.
Its average forecasts are much more optimistic, with the BNB coin expected to spend the majority of the year trading at a value that’s higher than $300. Only in October 2021 will it exceed its current price, rising to a modest +$500 to hit $620.416 by December.
Financial experts predict that BNB will soar to a staggering $1060.24 by the end of 2021 — that’s more than double its current price in the space of 8 months. If this forecast is correct, Binance Coin could be in for a breakout year. 2021 will see it smash its previous ATH and, having exceeded $1,000 mark in December.
What Will Binance Coin Be Worth In 2021?
Overall, we could expect to see the price of Binance Coin rise to over $1,000 during the course of this year. According to Long Forecast, this price could be much higher (a staggering $1,200!). None of the platforms mentioned in this article believes that Binance Coin will fall below $260 in 2021.
Will Binance Coin Go Up In 2021?
Binance Coin to hit record high on bullish 2021 forecast after experts predicted it will be the top-performance crypto asset in 2021.
It seems almost certain that the price of Binance Coin will go up in 2021. Digital Coin Price, Long Forecast, and Wallet Investor all believe that BNB is set to smash its previous ATH by at least 8 times, which is incredibly encouraging for any prospective investors who are wondering ‘is Binance Coin a good investment?’
Additional short-term price predictions for BNB 2021 include:
- Trading Beasts: $804.109
- Coin Price Forecast: $700
- Coinpedia: $800
Would you consider buying Binance Coin BNB?
Long-Term Binance Coin Price Predictions: 2022-2025
What are crypto experts forecasting for Binance Coin in 2022 and beyond?
Now that we’ve seen what some of the top investment analysts believe could happen to the price of Binance Coin in 2021, let’s look ahead to 2022-2025. Will BNB’s recent growth continue in the long-term? According to Trading Beasts, the outlook is pretty mixed. After the staggering predictions from Long Forecast, you might be wondering ‘will Binance Coin hit $1,500?’.
For our first long-term price prediction, we’re returning to Digital Coin Price.
After its bullish predictions for 2021, the Digital Coin Price platform has given the following long-term forecasts for Binance Coin:
- 2022: $411.92
- 2023: $486.82
- 2024: $568.88
- 2025: $715.52
- 2026: $828.75
- 2027: $900.05
- 2028: $1,019.08
Digital Coin Price believes that the price of Binance Coin will climb year-on-year.
While a price target of $1,000 for 2028 might seem a little sluggish after Long Forecast’s bold claims, this prediction is still great news for investors. The (mainly) steady but significant growth suggests that Binance Coin will consistently perform well into the long-term, reaching the $1,000 mark through solid progress rather than a quick bull run.
According to DigitalCoinPrice’s long-term algorithm, BNB is in for an incredibly volatile period. As we can see from its graph, the bullish trend that the platform predicted for 2021 is unfortunately not going to continue after 2022 — at least, not consistently.
Captain Altcoin has given us a similarly mixed forecast. On its website, the platform has predicted that one Binance Coin could be worth more than $2500 in 2025 — but with the ominous caveat that this will only occur ‘if Binance Coin survives to see 2025.’ The platform Cryptocurrency Price Prediction also foresees volatility for the price of BNB.
Cryptocurrency Price Prediction believes that Binance Coin could hit a brand new ATH of over $2000 by 2025. This will follow a disappointing few years from September 2022 to March 2025, when the price will hover between $700 and $870.51. Its sudden surge to $940.58 will be completely unprecedented, having maxed out at $1170 prior to this point. Luckily, the last eight months of 2025 will be far more bullish, with 2025 closing at a very encouraging price of $2120.53.
As a long-term investment, it projects that Binance Coin could perform very well. According to its predictions, the value of the Binance Coin could rise to $853 by the very end of 2021, rising to $1093 in 2022, and achieving a mean price of $2350 by 2025.
Conclusion: BNB Price Prediction Forecast
The below prediction figures outline some of the Potential high and low of Binance Coin (BNB) price prediction forecasts in 2021, 2022, 2023, 2024 and 2025 offered by technical analysts and industry experts.
Would you consider buying Binance Coin BNB?
What Will Binance Coin Be Worth In 2025?
The predictions from Trading Beasts and Digital Coin Price paint very different pictures. For the end of 2024, Trading Beasts has given an average prediction of $349.451. Digital Coin Price, on the other hand, believes the asset will be worth $568.88 — rising to $715 the following year.
With a disparity of over $200, which is the bulk of BNB’s current price, it can be difficult to know which of these predictions is the most likely to occur. For more long-term price predictions, keep reading. We’ve compiled a list of some additional BNB price predictions to see whether we can answer the question ‘will Binance Coin go up in 2025?’
Will Binance Coin go up in 2025?
The good news is that, despite their different forecasts, both Trading Beasts and Digital Coin Price believe that Binance Coin will go up in 2025. But to what extent? This is what other investment analysis platforms have to say on the matter:
- Long Forecast: $1,305-1,501
- WalletInvestor: $404.689 (minimum), $440.730 (average), $476.382 (maximum)
- Cryptocurrency Price Prediction: $3,572
- Coinpedia: $1,000
With the exception of Wallet Investor, all of these additional predictions believe that the price of Binance Coin is set to hit $1,000 by 2025.
Just a few months ago, the idea that Binance Coin would reach $1,000 within the next five years would have been ludicrously optimistic — so it goes to show how quickly the crypto market can change.
How Has The Price Of Binance Coin Changed Over Time?
As well as looking at future prediction forecast, it’s important to look back at BNB’s past performance in order to make the most accurate forecasts
When Binance Coin came to the market in 2017, it was one of a huge influx of new digital assets. 2017-2018 is often referred to as the year of cryptocurrency. Thanks to the number of cryptos that were added to exchanges — as well as growing confidence amongst investors that the world of cryptocurrency was here to stay — the price of almost every major crypto underwent enormous growth. Bitcoin hit its ATH of $20,000, while Ripple experienced an incredible growth rate of 36,000%.
This graph from Coinlib.io illustrates how the price of Binance Coin has changed since its launch in 2017:
As this graph shows, Binance Coin is unusual in that it didn’t hit its second most-recent ATH in 2017-2018. Instead, it shot up to $38.91 in June 2019. Its performance since this milestone has been relatively strong, never dropping back below $10. Prior to its latest bull run, it enjoyed a series of peaks throughout 2020 — leaving many people to wonder how much the asset would be worth now were it not for the so-called coronavirus crash that occurred in March 2020.
As COVID-19 broke out around the globe and the world went into lockdown, a crisis of investor confidence caused the crypto market to lose significant value in the space of less than a month.
Between Monday, 10th February and Monday, 16th March, the price of Binance Coin had fallen from $25.24 to just $11.15. Thankfully, its price started climbing again almost straight away. By September 2020, it was obvious that Binance Coin had been swept up in the market-wise bull run — but it wasn’t until January 2021 that it became clear that BNB was outstripping so many of its competitors.
Between January 1st and February 1st, Binance Coin had increased from $38.25 to $44.86. This was only the beginning. It’s since broken record after record, consistently achieving new ATHs as its price rose throughout February. It even briefly hit $302 on February 21st, before sliding back down to around its current price of $220.
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What Factors Affect The Price Of Binance Coin?
As well as researching some of the most compelling Binance Coin predictions for 2021-2025, it’s a good idea to study some of the factors that can affect the crypto’s price. This will help you to monitor the market and predict periods of growth or decline based on current events.
The predictions that we’ve explored here are typically based on the principles of technical analysis. For obvious reasons, they are unable to take unpredictable events into account — so by understanding how different factors can impact the price of a particular asset, you’ll be better placed to make sensible investment decisions based on changing events.
Let’s take a look at the three most important factors that can affect the price of Binance Coin:
Supply and Demand
The relationship between supply and demand can be thought of as a ‘catch-all’ factor that will always determine the price of Binance Coin. This relationship is itself dependent on a number of different factors, but the main thing to understand is that the price of an asset will decrease if the supply of it is greater than the demand, and increase if the demand is greater than the price.
The Total Supply of Binance Coin
We’re all familiar with the Bitcoin halving (or halvening) — an event that happens roughly every four years and cuts the reward for mining new blocks in half. Much like Bitcoin, Binance Coin also has a maximum total supply. When it was first launched, this total supply was capped at 200 million, however, the Binance exchange deliberately destroys Binance Coin tokens over time.
The aim is to cut the supply in half until there are 100 million Binance Coins in existence. This is done in order to control the supply of the cryptocurrency and keep its price stable. Because the Binance fee rebate that Binance Coin offers its users declines every year, the team expects the value of BNB to decline over time too.
By reducing the total supply, Binance is able to manipulate the relationship between supply and demand. Over time, this should have a positive impact on the price of Binance Coin.
The Success of ICOs
Another key factor that can affect the price of Binance Coin is the success of the ICOs that participate in Binance’s Launchpad scheme. If Binance helps to launch a range of new, popular cryptocurrencies, it means that Binance Coin users have more options when it comes to trading their tokens. This should drive up the demand for Binance Coin as there is more incentive to trade on the Binance platform and therefore own BNB.
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- Binance Coin was launched by the popular cryptocurrency exchange platform Binance
- People can use Bitcoin Coin to invest in ICOs launched as part of the Binance Launchpad program
- By the end of the year, WalletInvestor expects BNB to reach a new ATH of between $260 and $300, obliterating its previous ATH of just $38.91.
- Long Forecast expects that the price of Binance Coin will rise to a staggering $1,000 during August 2021 and remain above $1,000 for the rest of the year.
- For the entirety of 2021, Digital Coin Price doesn’t expect the price of Binance Coin to fall below $300.
- Trading Beasts has given a prediction of between $290 and $430 for most of 2024.
- Digital Coin Price believes that Binance Coin will be worth $715.52 by 2025, climbing to hit the $1,000 milestone by 2028.
- Before its most recent bull run, Binance Coin’s ATH was $38.91 in June 2019.
- Factors that can affect the price of BNB include the relationship between supply and demand, the total supply of Binance Coin available, and the success of ICOs.
If you’re wondering ‘is Binance Coin a good investment 2021?’, According to these forecasts, the outlook for 2021 is mainly bullish.
We hope you found this article about the top Binance Coin price predictions helpful. With many platforms expecting BNB to hit $1,000 within the next five years, it’s an exciting time for investors — although as rumours circulate that Binance Coin can’t sustain its progress for long, anxiety is still high.
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BNB Price Predictions discussed in this article are the views of the industry analysts. As such, We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.
All trading carries risk. Past performance is no guarantee of future results.