Will Binance Coin (BNB) Reach $2,000?

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Cryptoasset investing is highly volatitle and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

Last Updated January 5th 2022
6 Min Read

It is entirely possible that Binance Coin (BNB) can reach $2,000 after it lunged from $37.44 in January to $690.93 in May 2021. But be patient, because it will likely take a couple of years.

BNB showed us that it has immense potential and for a while now has been in the top 5 cryptocurrencies based on market cap.

WalletInvestor first thinks that BNB will surpass $2,000 by November 2024. 

However, most price forecasters only see Binance Coin reaching $1,000 in the next few years. 

Gov Capital foresees that BNB will surpass $1,500 by April 2024. Though this is lower, it is still a significant rise and leaves the possibility open to reaching $2k.

Can Binance Coin Reach $10,000?

Yes, Cryptocurrency Price Prediction believes Binance Coin can reach $16,673.26 by January 2030. But this opinion is not supported by other price forecasters.

For example, Coin Price Forecast, which has forecast BNB’s price until the end of 2033, believes the highest it can reach is $4,053 - a considerable difference.

It is perhaps a lot more likely that BNB will reach somewhere around $2,000 in the next few years, perhaps after another bull run.

If you’re aiming for BNB to reach $10,000, you better hold on tight and practice being patient.

Read Also: Will Binance Coin Make Me Rich in 10 Years

Can Binance Coin Reach $20k?

So far, no price forecasters are brave enough to estimate Binance Coin’s chances of reaching $20k yet. That doesn’t mean that it’s not possible, it just means that perhaps it is too far off to be reliably seen.

Not even the most ballsy price forecasters will touch this one yet! Cryptocurrency Price Prediction forecasts a maximum of $9,000 by December 2030.

So, with that in mind, BNB has a better chance of reaching $20k in the 2030s than in the 2020s.

However, don’t bet on this! Keep in mind that many of these predictions cannot be tested for a few years, so we don’t know how reliable they are yet.

For example, there will likely have been several peaks and falls by the point we reach 2030 and any of them could dramatically change the value of BNB.

Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

Will Binance Coin Overtake Bitcoin?

Binance Coin will not overtake Bitcoin for the foreseeable future primarily because Bitcoin is far too popular with many big investors in it for the long run.

There is one way in which Binance Coin has overtaken Bitcoin and that’s in DeFi projects with 44 projects while Bitcoin has 25. However, both are small in comparison to Ethereum with 214, according to DeFiprime.

For Binance Coin to overtake Bitcoin, it would need to become a store of value better than Bitcoin.

While Binance Coin has mechanisms in place to control inflation, it likely would not want to take Bitcoin’s place because it would make smart contracts practically unusable on the BSC.

Check Out: Bitcoin vs Binance Coin

How To Buy Binance Coin?

Here’s a three-step guide on how to purchase BNB with fiat money:

1. Select And Register With An Online Crypto Broker

Compare a variety of exchanges that list BNB before you decide which trading platform would be best for you.

eToro is a top-rated and trustworthy crypto broker with a user-friendly interface and multiple tools to make buying BNB easier. 

To sign up for an eToro account, simply go to the eToro homepage, and click "Join Now".

You’ll then be asked to complete a registration form asking for your full name, email address, password, and phone number. You also have options to sign up using Gmail or Facebook, which can save you time. 

After that, you’ll be asked to validate your account, at which point you’ll need to submit proof of identity and proof of address.

2. Add Funds To Your Account

After you’ve signed up, you need to fund your account so you will be able to purchase Binance Coin. To do so, click "Deposit Funds", which is highlighted in blue.

Bear in mind that eToro’s minimum deposit is $200 in most countries (or $50 in the USA) but please make sure you check what the minimum deposit is in your country before signing up to prevent any surprises.

eToro also accepts a variety of payment methods, including PayPal, credit/debit cards, and UnionPay.

3. Buy BNB

Tap on the search bar and select ‘Crypto’ from the ‘Trade Markets’ section of the navigation bar. The next page will display all the cryptocurrencies available on eToro. Select Binance Coin.

After clicking ‘Buy’, you’ll have the opportunity to choose ‘Trade’ or ‘Order’.

To put a market order, you need to select ‘Trade’ (settles at the best available deal). Or, if you select ‘Order’, you’ll be able to choose the price you want to pay. When you’re happy with your choices, click ‘Open Trade’.

Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

Does Binance Coin Have A Future?

Binance Coin’s future depends on the success of the Binance Smart Chain, the Binance Exchange and new ways in which the coin can be used.

According to CoinDesk’s Christine Kim, the DeFi market was up 150%  in 2021, rising from $20 to $50 in terms of the number of assets under management.

And the Binance Smart Chain is the second most popular chain for DeFi, gradually catching up with Ethereum.

If Ethereum remains unpredictable and expensive, developers will keep away and the BNB will be seen as a better option.

Binance Coin’s future could be at risk if Ethereum’s transition to proof-of-stake is successful, and it lowers fees.

eToro – Best Exchange To Buy Binance Coin BNB 

etoro broker

eToro have proven themselves trustworthy within the crypto industry over many years – we recommend you try them out.

Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

Key Points

  • $2,000 is possible when you remember BNB jumped from $37.44 in January to $690.93 in May 2021.
  • Cryptocurrency Price Prediction believes that BNB can surpass $16,000 by 2030.
  • Price forecasters do not see BNB reaching $20k. It is likely too far in the future.
  • Binance Coin will likely never overtake Bitcoin because it is extremely popular.
  • BNB’s value is largely tied to the success of the Binance Smart Chain.
  • DeFi projects grew by 150% in 2021, which is good news for the Binance Smart Chain.
  • eToro is a top-rated and trustworthy broker for buying BNB.

Read More:

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