Binance Coin (BNB) may not garner much attention as other coins, yet it has become one of the best-performing coins in terms of Return on investment.
Binance is well-known among cryptocurrency enthusiasts despite the fact that it was just created five years ago; Binance now ranks as the largest cryptocurrency exchange in the world, with more than $60 billion in daily trading volumes. Furthermore, it was the first cryptocurrency exchange to launch its cryptocurrency, known as Binance Coin (BNB).
You might be wondering, "Can BNB really attain such incredible highs?" This article review will answer all questions about BNB's prospective highs and lows for the future.
It is crucial to keep in mind that this is not financial advice but simply an educational piece. Do your due diligence before investing in any financial assets.
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In addition to executing trades, Binance Coin also covers transaction costs. With 1.4 million trades per second, the Binance Exchange is the world's largest cryptocurrency exchange.
As with other emerging cryptocurrencies, the Binance Coin has several applications outside of Binance's exchange, including:
Trading: Binance Coin allows for trading with other cryptocurrencies based on the exchange's limitations.
Credit card payments: You can use BNB as the form of payment for crypto credit card bills on Crypto.com.
Binance Exchange transaction fees: BBNB is an ERC-20 token that can be used to pay for transactions on the Binance Exchange and grant users discounts.
Booking travel arrangements: On a few websites, BNB can be used to make hotel and airfare reservations.
Entertainment: BNB provides a payment service in the entertainment space. It includes things like buying virtual gifts and playing the lottery.
Payment processing: Merchants can offer BNB as a means of payment for customers, offering more flexibility in payment methods.
Loans and transfers: Binance allows its coin to be used as part of a loan repayment mechanism. Binance coin can also split expenses with family members and friends on certain apps.
Credit card payments: Crypto.com and several other websites accept BNB as payment for cryptocurrency credit card bills.
Investment: People can use Binance Coin to invest in stocks and other assets on a number of different platforms.
What might the price of Binance Coin experience be in the future? First, let's explore some of the cryptocurrency Binance Coin's facts and future potential.
Numerous factors influence cryptocurrency prices. Some of them include:
This involves moving a batch of coins or tokens to a dead wallet that can only receive funds and not send them. With this, nobody can ever access the private keys to these wallets, so once the crypto is sent, it can never be recovered.
Burning a coin increases its demand and improves its price in some situations. Low coins availability also means increased rarity, which further increases its value.
A total of 1,839,786.26 BNB was burned by Binance in its 19th quarterly burn in 2023. Since this has been worth over $500 million, combined with previous burns, it hasn't had a significant impact on the price.
However, it's still early days for this coin with only 19 burns, so it might take some more time for the price to reflect the effects of these. So the big question remains: how high can Binance coin go?
By staking their cryptocurrency, a currency holder can earn passive income on their investment without having to sell it. This is an optimal investment for people looking for a short-term yield but doesn't mind the market changes that come with it.
One of the reasons cryptocurrencies are so sensitive to positive or negative news is that nobody controls them, unlike traditional currencies.
As a result, every public attitude or point of view generated by favorable or negative news directly impacts its value.
Furthermore, because cryptocurrencies are typically mass-managed in real-time by people working in all parts of the world, popularity and impression play significant roles in boosting or reducing their value.
A popular cryptocurrency can skyrocket in value, but now, these virtual currencies are still not typically accepted. Why? Because they are related to real-world issues.
One disadvantage is that they cannot be exchanged for as many products and services as fiat cash. For these digital currencies to obtain widespread adoption, their utility must rise, and the transaction must appear profitable to the buyer.
We live in a time when new technologies are constantly emerging. Every day, a plethora of new cryptos, tokens, and projects are introduced. A good blockchain network can rapidly expand a network, especially if it tackles a fault in a competing blockchain. When a new competitor gains traction, it can devalue the competitor's coin, leading the value of the competitor's project to decline as the price of the new competitor's token rises.
Over the next ten years, based on the viewpoint of certain experts, the price action for Binance Coin can rise if the market conditions continue to remain favorable. According to TU analysts BNB can reach $2527.49 by 2030 and $4367.31 by 2033.
| Year | Price in the middle of the year | Price at the end of the year |
|---|---|---|
| 2024 | $571.43 | $636 |
| 2025 | $707.85 | $787.81 |
| 2026 | $876.82 | $975.89 |
| 2027 | $1086.14 | $1208.85 |
| 2028 | $1345.43 | $1497.44 |
| 2029 | $1666.62 | $1854.92 |
| 2030 | $2064.48 | $2297.72 |
| 2031 | $2557.31 | $2846.23 |
| 2032 | $3167.78 | $3525.67 |
| 2033 | $3923.99 | $4367.31 |
| 2034 | $4860.73 | $5409.88 |
| 2035 | $6021.08 | $6701.34 |
BNB has become one of the leading cryptocurrencies in just a few years. With over 400 other currencies now supported on the centralized exchange, Binance Coin is one of the most liquid trading options.
So it makes BNB an attractive asset to build your portfolio around. According to Traders Union by the end of the year Binance coin can reach $866.59.
| Month | Minimum Price | Average Price | Maximum Price |
|---|---|---|---|
| January 2025 | $582.7 | $647.45 | $712.2 |
| February 2025 | $593.19 | $659.1 | $725.01 |
| March 2025 | $603.86 | $670.96 | $738.06 |
| April 2025 | $614.74 | $683.04 | $751.34 |
| May 2025 | $625.8 | $695.33 | $764.86 |
| June 2025 | $637.06 | $707.85 | $778.64 |
| July 2025 | $648.53 | $720.59 | $792.65 |
| August 2025 | $660.2 | $733.56 | $806.92 |
| September 2025 | $672.08 | $746.76 | $821.44 |
| October 2025 | $684.18 | $760.2 | $836.22 |
| November 2025 | $696.49 | $773.88 | $851.27 |
| December 2025 | $709.03 | $787.81 | $866.59 |
According to the Traders Union by the end of the year Binance coin can reach $699.6. So far BNB price predictions are still moderately optimistic. However you should monitor all predictions updates to keep the possible changes.
| Month | Minimum Price | Average Price | Maximum Price |
|---|---|---|---|
| May 2024 | $505.2 | $561.33 | $617.46 |
| June 2024 | $514.29 | $571.43 | $628.57 |
| July 2024 | $523.55 | $581.72 | $639.89 |
| August 2024 | $532.97 | $592.19 | $651.41 |
| September 2024 | $542.56 | $602.85 | $663.14 |
| October 2024 | $552.33 | $613.7 | $675.07 |
| November 2024 | $562.27 | $624.75 | $687.23 |
| December 2024 | $572.4 | $636 | $699.6 |
At this point, the crypto outlook makes it hard to tell if BNB can rise to $10,000. For Binance Coin (BNB) to hit that price, BNB must have to dramatically see an increase in its market capitalization. And it doesn't seem feasible at this point. So what could Binance Coin be worth in 10 years?
Binance anticipates burning enough BNB over the coming years to reduce its supply to approximately 100 million coins using auto and periodic burns. If they succeed and have a supply of 100 million BNB after eight years, the theoretical market cap would be as high as $1 trillion if BNB attains the $10,000 mark.
Being that the crypto industry is growing, with more global adoption, BNB could grab a large part of the market share and rise significantly, although we can't say for sure if the $10,000 mark is possible at this point.
Binance Coin raises a number of concerns. One concern is that it is owned by a centralized exchange which could lead to unethical business practices and undue influence over how the price behaves. In addition, despite the fact that it's blockchain is theoretically decentralized, the team still has a large say in how operations are conducted.
Despite these concerns, BNB could still become a part of your investment portfolio. But we advise that you do your own research and invest what you can afford to lose should things go south.
Binance has been an innovative powerhouse, and BNB is the token that powers transactions and other fees. Outside of using it on their exchange, it can also be used as a form of payment for services. Binance Coin can be purchased on Binance.
Here’s how you can buy Binance coin:
1. Set up an online account
You must go through the KYC process in order to sign up for Binance. You must provide personal information, such as a social security number or driver's license, and any biometric data.
2. Purchase a wallet (optional)
If you're going to buy and transact with BNB regularly, keep a portion of your position in your BNB account. Otherwise, store your investment in a wallet where you control the private key.
Binance Chain Wallet Review3. Make your purchase.
So you can trade at your own pace, Binance offers different wallet types. For example, a trader can choose between a market order and a limit order, which would buy the BNB token when it hits a certain price point.
Binance is poised to do well due to the developments within the BNB ecosystem and crypto market.
The rise in BNB's price may also reach a new Ath if investors think it is a good investment along with bitcoins.
Along with the potential for solid gains, investing in crypto also carries a risk of loss. Therefore, investors must be knowledgeable about cryptocurrency and only invest what they can afford to lose.
The following tools and instruments were used for making the prediction:
Basic instruments of technical analysis. The forecast relies on basic technical indicators. The analysis was performed mostly on medium and long-term time frames for more accurate results.
Statistical tools that allow experts to evaluate the probability of an event that may influence the prices of cryptocurrencies.
Individual features of a cryptocurrency startup and its competitiveness: number of tokens in free circulation, restriction of emission, potential usefulness of the startup for the society, roadmap and development plans of the startup, potential vulnerability of the startup’s blockchain, examples of hacks, failures in the entire history of cryptocurrency existence, capitalization dynamics compared to key competitors, share of major coin holders and other subjective factors.
Note:
This price prediction is based on current information and historical data. Strong fundamental factors capable of radically changing the overall situation in the cryptocurrency markets, impacting the prices of certain cryptocurrencies and subsequently changing the price trend, may appear in the future. The price predictions are updated regularly based on the latest data.
This article is created for informational purposes only and does not constitute investment advice. Be aware of the high volatility of cryptocurrencies and consider these risks when making investment decisions.
Aside from its use on Binance, Binance Coin can also be used for the following:
Pay with a credit card
Make travel plans (on some websites)
Purchase virtual presents
Payment processing
Make an investment.
Make transfers and loans.
Make a charitable contribution.
If you are considering investing in BNB, here are a few things to consider.
Utility: If you use the Binance exchange frequently, you may want to buy some BNB regardless of its price volatility. Holding BNB on the exchange entitles you to reduced trading fees and participation in Launchpad activities. BNB can even be staked to earn interest.
Burn: BNB is a deflationary asset, so its supply will decrease over time. As a result, deflationary assets are projected to appreciate, but only if demand exists.
DeFi: Due to its exceptionally cheap costs and compatibility with Ethereum smart contracts and dapps, the Binance Smart Chain (BSC) has emerged as a popular blockchain for digital currency.
With Binance Coin, users can pay transaction and trading fees on the Binance Exchange. Unfortunately, mining is not an option, but they have pre-mined coins at $0.10 each.
The price of the Binance coin may increase dramatically - take it as an investment option and expect some great gains. However, always remember to do your research.
Ivan is a financial expert and analyst specializing in Forex, crypto, and stock trading. He prefers conservative trading strategies with low and medium risks, as well as medium-term and long-term investments. He has been working with financial markets for 8 years. Ivan prepares text materials for novice traders. He specializes in reviews and assessment of brokers, analyzing their reliability, trading conditions, and features.
Olga Shendetskaya has been a part of the Traders Union team as an author, editor and proofreader since 2017. Since 2020, Shendetskaya has been the assistant chief editor of the website of Traders Union, an international association of traders. She has over 10 years of experience of working with economic and financial texts. In the period of 2017-2020, Olga has worked as a journalist and editor of laftNews news agency, economic and financial news sections. At the moment, Olga is a part of the team of top industry experts involved in creation of educational articles in finance and investment, overseeing their writing and publication on the Traders Union website.
Olga has extensive experience in writing and editing articles about the specifics of working in the Forex market, cryptocurrency market, stock exchanges and also in the segment of financial investment in general. This level of expertise allows Olga to create unique and comprehensive articles, describing complex investment mechanisms in a simple and accessible way for traders of any level.
Olga’s motto: Do well and you’ll be well!
