Binance Coin Price Predictions: How Much Will BNB Be Worth In 2021 And Beyond?
BNB Price Predictions
How Much Will Binance Coin Be Worth In 2021 And Beyond?
Will BNB go up or crash? Read our Binance Coin Price Prediction 2021 – 2025
On the hunt for Binance Coin prediction 2021 - 2025? 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 world’s tenth-largest cryptocurrency, Binance Coin (BNB) has a current market capitalization of $4,378,824,720. It was launched in July 2017 on the Ethereum network, making it a third-generation cryptocurrency and ERC-20 token.
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.
Binance may be going from strength to strength, but what about Binance Coin? If you’re wondering ‘will Binance Coin go up’, you’re in the right place. This article will explore some of the top Binance Coin price predictions for 2021 and beyond, helping you decide whether or not the crypto could be a strong addition to your portfolio.
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.
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. As 2020 draws to a close, let’s look ahead to 2021 and see what some of the top crypto analyst platforms believe is in store for BNB next year.
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 $40 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 $30.17 — and even above its previous all-time high (ATH) of $38.91, which it achieved in 2019. We can see this prediction illustrated in the graph below:
This bullish trend should be an encouraging sight for both prospective and current BNB investors alike. After a significant crash at the start of 2020, the fact that Binance Coin could potentially outstrip its ATH is very reassuring indeed, especially as some traders have worried that its performance this year could signal a further decline to come. But do other crypto analysts agree with this prediction?
Unfortunately, the news is less good from Trading Beasts — unless we focus on its most optimistic scenario. Trading Beasts believes that the price of BNB is likely to slump a little as we enter the new year, falling to an average value of $26.819 for January 2021.
Although its maximum prices are a lot more encouraging, and roughly in accord with the predictions from WalletInvestor, its potential minimum prices are very disheartening. If the cryptocurrency opened in 2021 at a value of $22.796, it would mean that Binance Coin would have to lose almost $8 over the coming weeks. According to its minimum forecast, the asset won’t recover to its current price of $30.17. Instead, it will max out at $27.553 before the end of the year.
Its average forecasts aren’t much more optimistic, with the currency expected to spend the majority of the year trading at a value that’s lower than $30. Only in October 2021 will it exceed its current price, rising to a modest +$2 to hit $32.416 by December.
Our final short-term Binance Coin price prediction comes from DigitalCoinPrice. The good news is that we can end on a high. In fact, DigitalCoinPrice has forecast an even more positive outcome for 2021 than WalletInvestor, as we can see in the graph below:
Although there is a slight dip between April and May, and another between June and July, the overwhelming trend for 2021 is bullish. DigitalCoinPrice predicts that BNB will soar to a staggering $86.24 by April — that’s more than double (in fact, almost triple) its current price in the space of four months. The price will fall down to its yearly low of $64.45 in July but come back stronger than ever, hitting $88.35 in September and finishing the year at a price of $79.12.
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 $60 in February, never drop below this price again.
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Long-Term Binance Coin Price Predictions: 2022-2025
What are crypto experts forecasting for Binance Coin in 2022 and beyond?
In order to work out the long-term prospects of BNB, let’s look ahead to 2022-2025. Considering DigitalCoinPrice had the most optimistic predictions for 2021, what do they expect to happen to the price of Bitcoin Coin within the next five years?
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.
DigitalCoinPrice believes that 2022 will see the price of BNB hit a new ATH of $100.09 in April, but this won’t last long. By July, the digital asset will have plummeted back down to a disappointing $36.28, which is only $6 higher than its current price. Unfortunately, this won’t even be its yearly low. By November, the price will have crashed to exactly $30.00 — and by February 2023, it will have fallen even lower to $28.30.
From this point on, the outlook for Binance Coin is marked by extreme volatility. Although its price won’t again fall below $28.30, it will continuously yo-yo between around $30.00 and a staggering $100+. Between February 2025 and March 2025, for example, the price of BNB will crash from a new ATH of $145.02 to just $42.25 — a reduction of more than $100 in less than one month.
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 $150 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. Its predictions aren’t quite as extreme as those of DigitalCoinPrice and are, thankfully, a lot more optimistic than those of Captain Altcoin:
Cryptocurrency Price Prediction believes that Binance Coin could hit a brand new ATH of over $200 by May 2025. This will follow a disappointing few years from September 2022 to March 2025, when the price will hover between $70 and $87.51. Its sudden surge to $240.58 will be completely unprecedented, having maxed out at $117 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 $287.53. The platform goes on to predict a BNB price of $461.03 by the end of 2030.
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 $123 by the very end of 2021, rising to $173 in 2022, and achieving a mean price of $250 by 2025.
Conclusion: BNB Price Prediction Forecast
The below prediction figures outlines some of the Potential high and low of Binance Coin BNB price prediction forecasts in 2021, 2022, 2023, and 2025+ offered by technical analysts and industry experts.
Let’s take a look at some Binance Coin BNB expert predictions over the next coming years:
Binance Coin Expert Predictions for 2021
- CoinLiker.com: $121.85
- Coinpedia: $30
Binance Coin Expert Predictions for 2022
- CoinLiker.com: $173.63
- Cryptoground: $12.2772
- WalletInvestor: $58.475
Binance Coin Expert Predictions for 2025
- Captain Altcoin: $285.42
- Coinpedia: $50
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 Nomics 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 ATH in 2017-2018. Instead, it shot up to its ATH of $38.91 in June 2019. Its performance since this milestone has been relatively strong. It’s never dropped back below $10 and is currently enjoying a bullish run.
This bullish run may have started earlier 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. Although its price thankfully started climbing again almost straight away, it’s left many analysts wondering how much Binance Coin could have been worth if this crash hadn’t delayed its subsequent bullish run.
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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 (BNB) is the world’s tenth-largest cryptocurrency, with a current market capitalization of $4,378,824,720
- 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
- WalletInvestor believes that Binance Coin could surpass its ATH of $38.91 and hit $40 during 2021
- Trading Beasts is less optimistic, foreseeing an average price of $26.819 for January 2021
- DigitalCoinPrice predicts that BNB will soar to a staggering $86.24 by April 2021
- The long-term price predictions are more volatile, with DigitalCoinPrice predicting that Binance Coin will crash from a new ATH of $145.02 to just $42.25 in the space of one month in 2025
- Cryptocurrency Price Prediction believes that Binance Coin could hit a brand new ATH of over $200 by May 2025 and predicts a price of $461.03 by the end of 2030
- Binance Coin hit its ATH in June 2019 rather than in 2017-2018, as many other cryptocurrencies did
- The three most important factors affecting the price of Binance Coin are supply and demand; its total supply, and the success of the Initial Coin Offerings launched as part of the Binance Launchpad scheme
If you’re wondering ‘is Binance Coin a good investment 2021?’, we hope that you’ve found this article helpful. Although there is little consensus among the BNB price predictions that we’ve included in this piece, they should provide an overview of two potential extremes.
According to these forecasts, the outlook for 2021 is mainly bullish, though Trading Beasts believes we could see the price of Binance Coin drop back down to below $30. Looking ahead to 2022-2025, the predictions are harder to pin down. Although it seems that the outlook for 2025 and even 2030 is positive, the levels of volatility that we could see in 2022-2024 mean investors may want to prepare themselves for a bumpy ride.
With the price of Binance Coin potentially ranging from over $100 to under $50, it might seem difficult to know what the best answer is to the question ‘will Binance Coin go up?’ But if you’re feeling ready to try trading this asset for yourself, you may be interested to know that the multi-asset trading broker eToro provides the ability to trade with crypto assets (including Binance Coin) and CFDs on up to 90+ cryptocurrencies.
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.