Will Binance Coin Reach $1,000?
Is It Worth Buying Binance Coin?
Binance Coin will likely reach $1,000. If the Binance Exchange stays strong and DeFi projects grow on the Binance Smart Chain, BNB might even reach $2,000.
- Cryptocurrency Price Prediction predicts Binance coin to reach $1,000 by March 2022.
- Meanwhile, more conservative price forecasters believe Binance Coin BNB will surpass $1,000 between March 2023 and May 2024.
The primary reason behind Binance Coin’s rise to the top is the Binance Smart Chain. A separate chain launched in September 2020 that supports dApps and DeFi projects.
Before the Binance Smart Chain, BNB was only really used as a utility token on the Binance Exchange. It can be used there to get a discount on trading fees.
But as Ethereum transactions rose in value and became more volatile, many DeFi projects started looking for an alternative. And they found that alternative in the Binance Smart Chain, which in turn, significantly boosted the price of BNB.
Can Binance Coin Reach $1,000?
Yes, several price forecasters have predicted that Binance Coin BNB can reach $1,000. Though they do not all agree when this will happen, their predictions suggest that 2023 is the most likely year.
WalletInvestor believes Binance Coin can reach $1,000 by November 2022 and Coin Price Forecast predicts $1,146 by the end of 2022. Further down the line, Gov Capital predicts that $1,000 will be passed by March 2023 and DigitalCoin suggests August 2024.
Based on these predictions, it may be wise to hold onto BNB tokens for a few years before you think about selling.
But some predict that Binance Coin can reach $1,000 in 2022. Cryptocurrency Price Prediction predicts a price of $1,760 by December 2022.
Remember, the further Binance Coin is from the price of $1,000, the harder it is to predict when it could happen.
Can Binance Coin Reach $2,000?
Several price forecasters see Binance Coin reaching $2,000 within the next five to seven years. WalletInvestor forecasts that BNB will first hit $2,000 by 2024. DigitalCoin predicts that Binance Coin will reach $2,000 in 2028.
Do note that $2,000 is more than four times BNB’s current price and so it is difficult to predict when this point can be reached.
However, some price forecasters do not see BNB reaching $2,000 any time soon.
The Economy Forecast Agency does not see Binance Coin going further than $1,742 by February 2026.
And finally, Gov Capital sees BNB price touching the $2,000 mark in August 2025.
Where Will Binance Coin Be in 5 Years?
In five years, Binance Coin could reach a price of $2,862 by 2027, an increase of +456%, according to Coin Price Forecast.
But not everyone is so bullish. DigitalCoin foresees a maximum of $1,575 by December 20217 and WalletInvestor forecasts that Binance Coin will hit a potential high of $3,167 in the beginning of 2026.
Gov Capital also believes that January 2026 will see BNB reach its highest price of $2,676.
Where Will Binance Coin Be in 10 Years
In 10 years, Binance Coin could reach $4,051 by the end of 2032, according to Coin Price Forecast.
Cryptocurrency Price Prediction estimates the price of BNB to be valued at $21,866 by December 2030, that is an increase of 4154.09%. Do note though that it is hard to find predictions for what Binance Coin could be worth in 10 years. Many unknown factors could affect BNB’s valuation by this point, both positively and/or negatively.
A lot can change in 10 years so don’t plan your investment goals strictly around these forecasts! Do your own research too!
Should I Buy Binance Coin?
“In Q1 2021, the dollar value of crypto assets under management by DeFi applications appeared to grow 150%, from roughly $20 billion to $50 billion”.
And there is no reason to expect DeFi to slow down in the coming years.
Of course, though, there are concerns with Binance Coin. The biggest being how centralised BNB is.
Though the Binance Smart Chain has 21 node operators, they are voted for by BNB holders. This is problematic because Binance owns approximately 80% of all BNB tokens. This means they can effectively put whoever they like in charge of validating the network.
Elsewhere, Elon Musk did us all a massive favour by dropping Bitcoin as a payment method for Tesla. He made buying crypto way easier as prices plummeted across the board.
Cryptocurrencies will likely recover from this fall and so all Musk has done is create an excellent buying opportunity. The DeFi market is much stronger than Tesla and Musk.
eToro – Best Exchange to Buy Binance Coin BNB
eToro have proven themselves trustworthy within the crypto industry over many years – we recommend you try them out.
Virtual currencies are highly volatile. Your capital is at risk.
- BNB will most likely reach $1,000 between March 2023 and May 2024, though some believe it is possible within 2022.
- Binance Coin will likely surpass $2,000 in five to seven years based on various price forecasts.
- In five years, BNB could reach as high as $2,862 by the close of 2027.
- By 10 years, Binance Coin could reach $4,051 by the end of 2032.
- If you believe that the DeFi market will grow, there is no reason to expect BNB’s price to slow down.
- Do note that approximately 80% of BNB tokens are owned by Binance. This means that BNB is very centralised.
- Tesla dropping BTC as a payment method has created a great opportunity to buy BNB at a lower price.