- Binance Coin (BNB) could reach $4,049 in 10 years or by the end of 2031 according to Coin Price Forecast.
- Digitalcoin predicts that Binance coin BNB will be valued at $2,198 by 2029. While Cryptocurrency Price Prediction estimates $21,866 in 10 years.
Binance Coin is the cryptocurrency introduced by the Binance Exchange in 2017. In the space of less than five years, Binance Coin has managed to become the most popular utility token.
At the beginning of 2021, Binance Coin was $37.69 and, according to currency.com, by the end of March gained 824%.
And analysts such as The Economy Forecast Agency, appear to suggest that Binance Coin will continue to increase in price. By the end of 2022 they believe that BNB could reach a low of $480 or a high of $596. So, what will BNB be worth in 10 years?
The analysts’ estimate of the Binance coin price for the next 10 years brings up constructive and cautious approaches. In 10 years, BNB could potentially reach new heights.
Analysts and forecasters have various views on the matter. Some say that the price of Binance coin may increase to $9,000 in 10 years. Smartereum is much more hopeful predicting that Binance coin could cross $2,500-$3,000 in ten years.
Is it Worth Buying Binance Coin?
Yes, it is worth buying Binance Coin. Many crypto analysts believe that BNB will continue to grow in price in the coming years largely because of DeFi. Binace Coin’s DeFi community boomed since the start of 2021. According to DeFiprime.com, there are now 44 DeFi projects built on the Binance Smart Chain (BSC).
BSC still has a long way to go to compete with Ethereum’s 214 DeFi projects, just behind Bitcoin with 25. Furthermore, as Simon Chandler of Cryptonews points out, Ethereum’s high transaction fees are pushing people towards the Binance Smart Chain.
And so, if Ethereum transaction fees remain high, Binance Coin will likely continue to increase in price.
Another key reason BNB is a good investment is its use on the Binance Exchange as a discount token. Users receive a discount on fees when they pay in BNB.
And with the ongoing bull market, Binance Coin is perfectly positioned to benefit from increased buying and selling.
Check Out: Why Binance Coin Will Skyrocket
Could Binance Coin Make You a Millionaire?
Depending on your investment, Binance Coin could potentially make you a millionaire if you sell at the right time. However, with Binance Coin’s current price, it will still take a significant increase to make anyone a millionaire any time soon.
That said, investing in Binance Coin could potentially make you a profit if you hold for the next few years.
Do remember though that investing in cryptocurrency is risky as the market is very volatile. So, while BNB may increase rapidly in price, it can also decline in price dramatically too.
So, don’t expect to become a millionaire by investing in BNB. Instead, you should be open to the idea of making a sensible return on your investment, but not without risk.
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BNB Price Predictions 2030
The price of BNB may continue to rise to new heights in the next 10 years. Coin Price Forecast believes Binance coin could reach $3,524 by mid-2030 and $3,700 by the end of 2030. Meanwhile, Crypto-Rating.com has a very different opinion. They predict that the price of BNB will actually be closer to $1,000 by 2030.
Crypto-Rating.com also points out that BNB’s success: “[will] depend on whether or not Binance managed to preserve its status as a leading cryptocurrency exchange platform, especially in the face of the rapidly rising sector of decentralized finance (DeFi)”.
Torsten Hartmann, writing for Captainaltcoin.com, estimates that BNB will be more successful than Crypto-Rating.com. Believing that the value of Binance coin could reach $5,037.91 by 2030 if they have a high number of users.
Still though, there is the possibility that this estimate is also too conservative.
Conclusion: Should I Invest in Binance Coin?
Investing in Binance Coin could pay off tremendously in the next 10 years and could be a very wise investment. Its competitive edge over Ethereum in the DeFi sector is likely to continue to push up the price of Binance Coin.
And increased trading at the Binance Exchange will ensure BNB tokens continue to flow effortlessly. This is especially true in a bull market.
Price predictions for the next 10 years are varied, in some cases quite significantly. They can range from $27k on one end to $1k or $3k on the other. Still, even if Binance Coin only increases in price to $1,000 by 2030, it is a good investment. Again though, this will depend on how much you invest and when you decide to buy and sell.
However, don’t make the assumption that you can become a millionaire by investing in Binance Coin. Instead, you must acknowledge the risks involved and aim for more reasonable returns.
All in all, Binance Coin is likely one of the best investments of 2021 and beyond. Most likely it will pay off big time if held till 2030.
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Virtual currencies are highly volatile. Your capital is at risk.
- At the time of writing, Binance Coin has a market cap of $85,768,223,924 and price of $514. BNB is the third-largest crypto.
- Binance Coin was created by the Binance Exchange as a utility token in 2017.
- At the beginning of 2021, BNB was worth $37.69, and by late March, it had increased by 824%.
- Binance Coin’s price is largely believed to be on the rise because of their growing DeFi sector. Benefiting from high transaction costs on the Ethereum network.
- The Binance Smart Chain is in close competition with Bitcoin for DeFi projects.
- Realistically, you will not likely become a millionaire by investing in Binance Coin. That said, making a good profit is very probable.
- Coin Price Forecast believes BNB could reach $3,524 by mid-2030 and $3,700 by the end of 2030. An increase of approximately +5,112%.
- Other estimates believe BNB will reach between $1,000 and $3,000 by 2030.