Will Binance Coin (BNB) Reach $10,000?
Is $10,000 possible for BNB?
- By December 2030, Binance Coin could surpass $9,000, according to Cryptocurrency Price Prediction.
- BNB will likely end 2021 at between $400 and $540. We may see BNB cross over $1,000 between 2022 and 2024, and in five years could be between $1,000 and $2,300.
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 $370, it is still considerably higher than it was at the start of the year. It could easily start climbing back up again to new highs.
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 February 2023. At the more bullish end, Cryptocurrency Price Prediction estimates $1,000 will be breached by August 2022.
Elsewhere, Gov Capital is slightly more cautious, forecasting Binance Coin to reach $1,000 by April 2024, and DigitalCoin believes $1k will be surpassed by January 2025, while Coin Price Forecast predicts that it could happen in the second half of 2026.
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 2021?
Price forecasts seem to suggest that Binance Coin will end 2021 between $400 and $540, probably not reaching its all-time high again this year.
At the high end, Coin Price Forecast sees a maximum of $411 by the end of 2021, while WalletInvestor predicts $484 by December 2021.
Elsewhere, Gov Capital predicts $400 by December 2021 and DigitalCoin predicts a high of $513 by December 2021.
Cryptocurrency Price Prediction is the most bullish, estimating $648 by December 2021, but this is still short of the BNB’s all-time high.
What Will Binance Coin Be Worth In 5 Years?
In five years (2026), Binance Coin could be worth somewhere between $1,000 and $2,300.
At the lowest, Coin Price Forecast which estimates $1,048 by the middle of 2026. This is close to DigitalCoin predicts a high of $1,200 by January 2025.
Elsewhere, WalletInvestor gives the highest prediction of $2,298 in 5 years, and Gov Capital forecasts up to $1,000 by April 2024.
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 $9,000.
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 $1,550.
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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- The Binance Smart Chain and high activity at the Binance Exchange lifted BNB to new heights in 2021.
- Although BNB’s price crashed down to … 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.
- BNB will likely end 2021 between $400 and $540. Forecasters do not believe it will recover its all-time high this year.
- In five years, we could see Binance Coin reaching somewhere between $1,000 and $2,300.
- Some estimates believe that BNB could reach $9,000 by the end of 2030.
- For BNB to reach $10k, it needs to compete against Ethereum, and the exchange must remain strong.