- By December 2030, Binance Coin could surpass $21,866.57, according to Cryptocurrency Price Prediction.
- We may see BNB cross over $1,000 between 2022 and 2024, and in five years could be between $1,700 and $2,400.
Binance Coin (BNB) made tremendous gains in 2021 and proved its ability to perform which gives traders high hopes that in the future it could reach $10,000.
BNB was launched in 2017 by Binance and quickly became the leading utility coin. Today, Binance Coin is the third-largest cryptocurrency by market cap, according to CoinMarketCap, and experts believe that it will continue to grow.
Why Is BNB Coin Rising?
BNB is rising because of high activity on the Binance Smart Chain and increased trading activity at the Binance Exchange.
The two factors have compounded the price of Binance Coin while simultaneously the cryptocurrency market went through a bull run.
In September 2020 Binance launched the Binance Smart Chain (BSC) which would also use the BNB token. The BSC runs parallel to the original Binance Chain and enables smart contracts.
The BSC shot up in popularity when it emerged as a cheaper and less volatile alternative to Ethereum in February 2021. At that point, Ethereum fees had spiked to all-time highs rendering it almost unusable.
At the same time, Bitcoin’s price was raging upwards which brought more activity to the Binance Exchange. And at the Binance Exchange, BNB can be used to get a discount on transaction fees.
And so, the demand for BNB increased incredibly allowing its price to soar to new highs by May 2021.
Although BNB’s price crashed back down to around $514, it is still considerably higher than it was at the start of last year. It could easily start climbing back up again to new highs.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Will Binance Coin Ever Reach $1,000?
Binance Coin stands a great chance of reaching $1,000 with several price forecasters suggesting it could happen between 2022 and 2024.
WalletInvestor believes $1,000 can be reached by November 2022. At the more bullish end, Cryptocurrency Price Prediction estimates $1,000 will be breached by March 2022.
Elsewhere, Gov Capital is slightly more cautious, forecasting Binance Coin to reach $1,000 by April 2023, and DigitalCoin believes $1k will be surpassed by January 2025, while Coin Price Forecast predicts that it could happen in the second half of 2022.
It should be noted that some price forecasters do not see Binance Coin reaching $1,000 at all, and so, don’t take away that the consensus is that it will definitely happen.
Read Also: Should I Invest In Binance Coin
What Will Binance Coin Be Worth In 2022?
Price forecasts seem to suggest that Binance Coin will end 2022 between $596 and $1,760, probably reaching an all-time high again this year.
At the high end, Coin Price Forecast sees a maximum of $1,146 by the end of 2022, while WalletInvestor predicts $1,042 by December 2022.
Elsewhere, Gov Capital predicts $905 by December 2022 and DigitalCoin predicts a high of $649 by December 2022.
Trading Beasts is not so optimistic, forecasting a maximum of $625. This is not far off The Economy Forecast Agency prediction of $596 for December 2022.
Cryptocurrency Price Prediction is the most bullish, estimating $1,760 by December 2022.
What Will Binance Coin Be Worth In 5 Years?
In five years (2027), Binance Coin could be worth somewhere between $1,575 and $3,167.
At the lowest, Coin Price Forecast which estimates $2,862 by the end of 2027. This is close to DigitalCoin predicts a high of $1,575 by December 2027.
Elsewhere, WalletInvestor gives the highest prediction of $3,167 in 5 years, and Gov Capital forecasts up to $2,594 by January 2027.
Remember though, in five years a lot can change. Crypto regulation and the economy could be vastly different. And we should never disregard the possibility of another coin dethroning BNB either.
Perhaps the biggest risk to BNB reaching new highs in five years is Ethereum’s transition to proof-of-stake. This could make Eth transaction fees cheaper and win back DeFi projects from the BSC.
Check Out: What Will Binance Coin Be Worth In 2025?
Conclusion: Can Binance Coin Reach $10,000?
Cryptocurrency Price Prediction believes that by December 2030, Binance Coin will surpass $21,866.57.
Most price forecasters are not so brave to make such predictions yet. To them, it still feels like this point is too far away.
Coin Price Forecast is one of the only other price predictors that has made estimates for 2030. But they don’t see BNB reaching higher than $3,700.
For BNB to reach this goal, it needs to remain competitive with Ethereum and the Binance Exchange should stay strong.
Further use cases for BNB will also help it reach this goal.
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Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Key Points
- The Binance Smart Chain and high activity at the Binance Exchange lifted BNB to new heights in 2021.
- Although BNB’s price crashed down after the 2021 bull run, it is still trading at a much higher price than at the beginning of 2021.
- Binance Coin could hit $1,000 between 2022 and 2024.
- In five years, we could see Binance Coin reaching somewhere between $596 and $1,760.
- Some estimates believe that BNB could reach $21,000 by the end of 2030.
- For BNB to reach $10k, it needs to compete against Ethereum, and the exchange must remain strong.
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