Binance Coin (BNB) Price Prediction 2025-2030: How Far is BNB Below $500?

warning: The datasets shared in the following article were compiled from a range of online resources and do not reflect AMBCrypto’s own research on the subject.

Binance Coin (BNB) was released by the world’s largest cryptocurrency exchange Binance in 2017. The token has come a long way since then, gaining more than 270,000% since its inception.

While this is a great return on investment for those who got in early, recent market events have taken BNB investors on a wild ride. Over the past 30 days, BNB holders have seen the token’s price fluctuate greatly, with a high of $377 and a low of $263, all in the space of a week.

Read the Binance coin price prediction [BNB] 2023-24

On November 29, OpenSea, the largest NFT marketplace in the world, opened more dangerous BNB Chain NFTs will be available on its platform for listing and selling. The announcement sent BNB stock up nearly 5%.

According to information from CoinglassThe total open interest on BNB futures increased by 8.46% over the past 24 hours. Meanwhile, the token saw $292,000 worth of liquidations.

BNB has been in the news recently due to its involvement in the hack that was carried out on the bankrupt cryptocurrency exchange FTX. The perpetrator exchanged thousands of BNB tokens for other cryptocurrencies but still holding BNB is valued at approximately $41 million.

The massive volatility in BNB led to some strategic decisions by Binance CEO Changpeng Zhao, one of which was the renewal of Safe User Asset Funds, or SAFU. exchange more dangerous That she will increase this insurance fund, which will make her property a billion dollars

June 2022 recorded an annual low of $183 as a result of this decline. However, it is important to note that on the daily chart, the RSI has not risen above 50.

The nearest long-term resistance level can be reached at $427 if the current trend continues.

In late January 2021, Binance Coin joined the rally in the cryptocurrency market, rising from $40 to $330 in one month. BNB price fell in March and was trading for some time in the $250-$300 region, but in April it started to rise rapidly again, reaching an all-time high of $690.93 on May 10.

Consider this – in January 2021, the price of Binance Coin (BNB) was $40. But 2021 also saw a significant rise in the price of BNB, which allowed it to reach $690 on the price charts. This was actually the highest price level in 2021.

However, it should be noted that after the final months of 2021, the broader market has seen a downturn across the board. Needless to say, the same had a ripple effect on the BNB price chart as well, as the token hit new lows.

Previously, Binance Coin (BNB) had subtly and gradually risen to rank among the most valuable cryptocurrencies by market capitalization. In particular, the growth of Binance, the largest cryptocurrency trading platform, has caused the value of BNB to skyrocket in recent years.

In recent months, the bear market has caused Binance Coin (BNB) to suffer more serious losses. BNB surpassed an all-time high of $690 during the bull market in May 2021. However, the bear market soon started in November and the price dropped.

When consumers use BNB on the platform, Binance reimburses them for a significant portion of the transaction costs. The importance of BNB as part of the platform has grown in recent years. The demand for Binance coin is increasing as Binance expands and acquires more users, which increases the price and prospects of the coin.

Binance ensures that the BNB supply is routinely reduced when demand increases. Every quarter a certain amount of BNB is destroyed, which makes Binance Coin deflate and improves BNB’s future prospects.

BNB also acts as a payment method, opening up more opportunities on the Binance platform, including savings, DeFi staking, and liquidity mining through the BNB vault.

It was initially used as an ERC-20 token on the Ethereum (ETH) network before it was moved to the Binance network and renamed BEP-20.

Since the integration of Ethereum, Binance has managed the transition for its users in an efficient manner.

Binance Coin was originally created in 2017 as a utility token with reduced trading fees. Today, however, cases of its use have grown on many cryptocurrency exchanges. BNB can be used to pay transaction fees on various Binance platforms such as, Binance DEX, and Binance Chain, as well as and HTC. Hotel booking sites (such as TravelbyBit), SAAS platforms (such as Canva), DeFi applications (Moeda), and a large number of platforms accept BNB as a payment method.

BNB price dropped as a result of the sharp bearish swing in the cryptocurrency market. One could also argue that the SEC’s issues with Binance affected the altcoin’s price. Despite this, expectations remain high. recently polled 54 people as the panel believed the coin had promising long-term potential. The price of Crypton is expected to reach $781 by 2023. While BNB may not be getting a lot of attention right now, it routinely ranks among the best performing coins in terms of return on investment. It is also the fifth largest cryptocurrency in the world.

In late January 2021, Binance Coin joined the rally in the cryptocurrency market, rising from $40 to $330 in one month. BNB price fell in March and was trading for some time in the $250-$300 region, but in April it started to rise rapidly again, reaching an all-time high of $690.93 on May 10.

The price of Binance Coin plunged when the entire cryptocurrency market crashed at the end of May 2021. At around $200, it recovered and rose to around $430, but that rally was rapid. BNB fell to around $250 in late June and then fell again in mid-July. But the market started to show signs of recovery later that month, and Binance Coin was no exception. BNB price skyrocketed again, crossing $350 in the first half of August.

However, like most cryptocurrencies on the market, 2022 was not a good year for the exchange token, with BNB falling off the charts.

All things considered, buying BNB should be a wise decision in the long run, right? Most analysts have a positive outlook for BNB. Moreover, the majority of the long-term BNB price predictions are positive.

Why are these expectations important?

BNB is the native cryptocurrency of the largest cryptocurrency exchange in the world. It is also vital to the Binance Smart Chain ecosystem. The latter is actually a competitor to Ethereum, offering significantly higher scalability and lower transaction costs.

The steady increase in the number of traders on Binance also has a positive impact on the BNB price. The cost of this altcoin has skyrocketed, rising from $526.94 in October 2021 to $555.34 in early January 2022. It is expected to continue expanding as trading activity on the exchange increases as Binance establishes itself as a market leader in cryptocurrency trading.

Its value has peaked in part due to the volume of BNB being used for decentralized applications (DApps), DeFi, and smart contracts after the launch of Binance Smart Chain. With 44 exciting projects, BSC is the second largest DeFi platform at the moment. Over 620,000% added to the value of Binance Coin between its offering in 2017 and its peak in 2021.

That the exchange has had a fiery program since the introduction of the coin is just another reason to have confidence in BNB. On April 15, 2021, Binance has burned more than 1,099,888 BNB, equivalent to $595,314,380 in tokens. This is Binance’s 15th quarterly BNB burn, and in terms of cash, it was the biggest burn to date.

In this article, we will quickly review the current cryptocurrency activity with a focus on market cap and volume. In conclusion, forecasts from the most popular analysts and platforms will be summarized along with analysis of the Fear and Greed Index to determine market sentiment.

BNB price and volume and everything in between

At the time of writing, BNB is trading at around $290.

Source: TradingView

With the numbers slowly rising, investors and experts became bullish on the token. Digital Capital Management CEO Ben Ritchie is optimistic about BNB and predicts that the cryptocurrency will be worth $300 by the end of the year. Ritchie also admitted that the profitability of the Binance exchange will determine the fate of BNB. He added, continuing to say that assets have the potential to contract,

“BNB price also follows demand and supply. BNB introduced a burn mechanism in the fee for each transaction and implemented quarterly burn, making it a deflationary asset. As the BNB chain ecosystem continues to grow, the price could reach $3,000 by 2030.”

At the time of writing, the Binance Coin price is below the 200-day simple moving average (SMA). Since January 20, 2022, the 200-day SMA has indicated selling for the previous 212 days. Since July 16, 2022, when the price of Binance Coin dropped below the 50-day SMA, this indicator has indicated a sell signal for the past 55 days.

On February 3, 2022, 197 days ago, the bitcoin market experienced its latest death cross. No golden cross has occurred in 353 days since August 31, 2021. Technical indicators predict that Binance coin’s 200-day simple moving average will decline in the next month and reach $327.19 by September 19, 2022. By September 19, 2022, a 50- is expected The daily simple moving average would reach a value of $327.18.

At the time of writing, TradingView has the opposite view, as the platform is flashing a “buy” signal for BNB.

Source: TradingView

Now let’s take a look at what analysts and well-known platforms have to say about where they think BNB will be in 2025 and 2030.

BNB coin price prediction 2025

Ease, on the other hand, is very optimistic about the fortunes of Binance Coin. It predicted that the lowest price of BNB in ​​2025 will be $1122.96, while the highest will be $1270.31.

Technologist and futurist Joseph Raczynski also takes an optimistic view. He believes that Binance is the best exchange in the world. He said,

Although BNB is not decentralized, it can still serve a purpose for fast and cheap transactions. However, it does come at a cost. Binance can change token parameters without consensus and that is likely to be a single point of failure.”

Cryptocurrency exchange CoinDCX predicts that if the end of the previous year was bullish, the beginning of 2025 could also be positive. Thus, the price may regain its initial position above $2,000 and continue to maintain a strong advance. Thus, one can try to reach $2,500 by the end of 2025.

So, with all this positive outlook, is there a reason not to take root in BNB? Well, remember that 2025 is still over three years from now and Binance has a lot of work to do with the SEC. The SEC is going after Binance, accusing it of issuing BNB as an unregistered security.

But despite this, the market is very optimistic. MetaTope co-founder and vice president Walker Holmes doesn’t think the SEC will significantly harm BNB’s future. He said,

“We’ve seen this play out with XRP, ETH, and others. CZ can make a very compelling case. I think this is a matter of potential financial sanctions. But at the time of writing, I don’t think Binance is in much danger of being removed.”

BNB Coin price prediction 2030

Balthazar CEO John Stefanidis expressed great optimism about BNB in ​​a study. In his opinion, $3,000 worth of BNB by 2030 is quite possible. With cutting-edge technology and compliance with international regulations, BNB is well positioned for long-term success. He also emphasized that Binance’s great user experience, strong project team, and great brand are all factors in BNB’s success.

Although the price of BNB is affordable for many investors, Desmond Marshall, President of Rouge Ventures and Rouge International, believes that Binance Coin can outperform Ethereum. According to him, the implementation of the limits will have the greatest impact on the performance of the cryptocurrency. In addition, the trust that the neighborhood has in BNB is a critical factor in determining future growth.

Now, all of these predictions are positive, but one must be careful. We are talking about 8 years from now and it is worth considering the current state of the crypto industry. BNB and Bitcoin prices are closely related. Fortunately, BNB can be burned on the Binance Market, which reduces the number of coins in circulation and can increase the price of the coin.

BNB profitability will be greatly affected by…

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