Though Bitcoin and Ethereum often get all the glory in the crypto world, they are by no means the only worthwhile assets in this class. Binance coin is quickly catching up to them in popularity and presents its own unique opportunities. In this Binance Coin price prediction 2030 article, we’ll discuss what makes this token so special and why it deserves your attention.
In fact, anyone who’s had dealings with the crypto market must have heard of Binance. The brand is one of the most popular crypto exchanges. It is the first place many traders go when they want to trade one token for another.
What about the Binance coin, then? Well, it makes the whole process smoother and cheaper. Even as new crypto tokens spring up and get added to Binance’s portfolio, the demand for its native token will continue to grow.
After all, with its jaw-dropping market cap of $61 billion, it’s fourth in popularity among all cryptocurrencies. Will it back down? Nobody expects it to.
As the world embraces cryptocurrencies more widely, market experts believe Binance will become even more successful, and so will its BNB coin. Eager to learn how to use this to your benefit? Dive deeper into this Binance Coin price prediction 2030 to find out how.
Table of Contents
- BNB in the News
- Binance Coin Technical Analysis & Price History
- BNB Past & Current Price
- BNB Technical Analysis
- The Experts’ Take on Binance Coin
- Binance Coin Price Prediction 2030
- Binance Coin | The Basics
- Coin, Chain, Exchange — What Is Binance Exactly?
- What Does the Binance Coin Do?
- Binance Coin Cap & Burn Rate
- Where to Buy Binance Coin
- Binance Coin | People Also Ask
- Is Binance Coin a Good Investment?
- What Is Binance Coin Worth in 2022?
- What Will Binance Coin Be Worth in 2030?
- What Will BNB Be Worth in 2025?
BNB in the News
The Binance ecosystem recently underwent a soft rebranding. The Binance Chain (where the exchange runs) and the Binance Smart Chain (which is EVM-compatible) are now both under the name ‘BNB Chain.’
Though not much has changed, the new name puts a greater focus on the BNB token, which is increasingly becoming more of a priority for Binance. In essence, ‘BNB’ has replaced Binance in their names, so now there’s only the BNB Chain and the BNB Smart Chain.
Binance is also reportedly looking to expand its blockchain capabilities and focus on Web 3.0 solutions. If it follows through, its influence on decentralised finance will become even more significant.
The BNB Smart Chain will continue to compete with Ethereum, where its lower transaction fees and faster execution play to its advantage. We expect more developments in DeFi to come from the BNB Chain.
Binance Coin Technical Analysis & Price History
The technical analysis tools will help us get some ideas about BNB’s possible future price. In addition, the history of Binance Coin’s price is also crucial for understanding the token’s tendencies. Finally, we’ve also consulted the opinions of several cryptocurrency experts for further clues and Binance Coin price forecasts. Together, these tools can help us make a BNB coin price prediction.
BNB Past & Current Price
When Binance Coin first appeared in 2017, it was worth around $0.10. By the end of 2020, it had slowly made its way towards $30. This jump reflects a 300x growth in the span of just three years.
However, it’s 2021 when BNB shattered multiple records. Between mid-January and mid-February 2021, the token saw its price rise from $45 to $165, i.e., it more than tripled in value.
The BNB coin rode the bullish momentum to an all-time high of $675 in May. Though it dropped soon after due to intensive profit-taking from investors, Binance coin climbed to its second-highest maximum price of $654 in November.
Then followed a lull in the crypto market due to more profit-taking and fundamental events suppressing crypto growth in 2022. As of March 2022, the current price of the Binance coin is around $378.
BNB Technical Analysis
The summary of technical indicators (oscillators plus moving averages) varies from sell to neutral, to buy when we switch from the daily to the weekly, and then the monthly chart, respectively.
The Experts’ Take on Binance Coin
Crypto YouTuber Coin Bureau stated that Binance is the most successful crypto exchange globally. He also shared that he personally favours it over other exchanges, which speaks volumes, considering his job is to research and invest in cryptocurrencies. He did not make a Binance coin prediction, but he implied that more bullishness is in store if Binance remains the leading crypto exchange.
BitBoy Crypto also gave a bullish BNB price prediction. Like Coin Bureau, he ties BNB’s success to the overall demand for Binance and its position in the DeFi world. He didn’t commit to any Binance coin price predictions but seems bullish on this token.
Binance Coin Price Prediction 2030
The year 2030 seems very far, considering how quickly the cryptocurrency market typically moves. Just think about how three years ago, nobody expected the pandemic or the political turmoil we’ve seen recently. Yet those events had an immense impact on the financial markets.
For this reason, it isn’t easy to imagine where crypto tokens will be by 2030. Nevertheless, some experts have made Binance coin price forecasts:
- According to a Finder poll, crypto experts expect the BNB token to increase in price above $2,400 by 2030, based on trust in the Binance ecosystem.
- PricePrediction.Net, which tends to be a bit more optimistic in its forecasts, believes the future price of BNB will be close to $13,000 by 2030.
- Trading Beasts predicts a maximum price of BNB of $769 by 2025 but has not made price forecasts beyond that period.
Binance Coin | The Basics
As the name suggests, Binance Coin (BNB) is the native token of the Binance chain. The latter is the blockchain powering Binance, arguably the biggest cryptocurrency exchange in the world.
Binance initially performed its transactions on the Ethereum blockchain but later switched to its own network. In that sense, BNB used to be an ERC-20 token, but that is no longer the case.
Coin, Chain, Exchange — What Is Binance Exactly?
The Binance ecosystem is quite vast, which is why it might be confusing to newcomers to the crypto world. It has been around since 2017 when Binance held its initial coin offering.
The most important name here is Binance. It is a cryptocurrency exchange — a place where people can come to convert one crypto coin into another. Binance supports seemingly every crypto token in existence. In fact, whether a coin is on the Binance cryptocurrency exchange or not could influence how other people view it.
As for the Binance Chain, that’s the name of the blockchain network powering the exchange. It was created after the platform to make it independent of Ethereum.
With the establishment of its own blockchain, Binance also needed an original token to facilitate exchanges and offer additional services.
What Does the Binance Coin Do?
BNB is quite a well-rounded token with multiple uses. For instance, users can pay their transaction and trading fees in BNB when exchanging cryptocurrency. Using Binance coin instead of a different crypto grants users an additional discount. BNB can also be used to pay for various other services on Binance’s website and other businesses that accept BNB as a payment method.
In other words, Binance is a very successful and influential cryptocurrency. Its market cap of $61 billion places it fourth on CoinMarketCap. The only cryptos ahead of it are Bitcoin, Ethereum, and Tether.
Binance Coin Cap & Burn Rate
Binance uses a hard cap on the available tokens to prevent inflation from growing too much. The limit is 200 million.
In addition, the Binance chain frequently burns some of the BNB coins to prevent users from reaching the hard cap. Binance slashes about 20% of its profits at the end of each quarter to achieve this.
Thus, BNB has a reputation of being a reliable token not plagued by inflation.
Where to Buy Binance Coin
Naturally, the best place to get BNB is through the Binance platform. You can obtain it by exchanging other crypto tokens or purchasing it using non-crypto-based payment methods.
Moreover, BNB is a popular investment asset, which means you can find it in the portfolios of brokers like eToro. There, you can buy or sell Binance coins according to your trading strategy and market expectations. If you choose to trade it via eToro, you gain access to more benefits, such as a demo practice account, leveraged trading, and more.
Binance Coin | People Also Ask
Though we tried to be as thorough as possible, we may have missed something. Here is a roundup of questions people often ask about the BNB token.
Is Binance Coin a Good Investment?
If you’re wondering whether the Binance coin has a future, we believe so. The Binance exchange platform is perhaps the most valuable business in the crypto world, so we expect the demand for it to remain high. The BNB token has all perspectives to keep growing due to the great utility it brings to Binance users. Still, no one knows what lies ahead, so as always, we urge you to exercise caution and do your own research before investing.
What Is Binance Coin Worth in 2022?
BNB’s price right now is $378.48. Trading Beasts expects a move towards $450 in the summer of 2022. The average price forecast for BNB in 2022 is around $360.
What Will Binance Coin Be Worth in 2030?
It is too early to make an educated guess regarding the Binance coin forecast for 2030. The price forecasts we encountered vary between $2,400 and $13,000. Still, nothing is set in stone.
What Will BNB Be Worth in 2025?
By the end of 2025, we expect Binance coin to have surpassed the $700 mark. It might even be well above it, depending on the overall performance of the cryptocurrency market.