Is BNB Ready for the Bull Run? – Cryptopolitan

Binance Coin Price Prediction 2023-2032

After a long torrid wave in the cryptocurrency market, most digital coins are beginning to tread the path of recovery – just as predicted by analysts. BNB, in particular, has made gains of about 30% since the start of January 2023. What does the future hold for Binance Coin? Before we proceed with the price predictions, let’s look at some of the fundamentals of BNB.

Although first hosted on the Ethereum exchange, Binance Coin (BNB) has subsequently migrated to its own Binance Smart Chain (BSC). This has allowed it to process transactions more quickly and efficiently. Recently, BNB has shown signs of strength, signaling the BNB is ready for the bull run soon. 

Due to extreme weather in North America, Binance Cloud Mining products may experience a power outage for about 24 hours. Nevertheless, users can now purchase NEBL and VIDT with major fiat currencies using credit/debit cards. New fiat currencies are also available for NEBL and VIDT purchases.

Today’s BNB price is $316.85 with a 24-hour trading volume of $775,479,897. BNB is up 4.17% in the last 24 hours. The current CoinMarketCap ranking is #4, with a live market cap of $50,036,171,630 USD. It has a circulating supply of 157,903,083  BNB coins and a max. supply of 200,000,000 BNB coins.

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A Brief Review of the Crypto Market

A year ago, the observation was that BNB and LINK were the only two coins that really steadily went up during the bear market. It is quite likely that as BNB continues to grow in popularity, we will see wider use of BNB. With the introduction of the Binance Card, BNB could almost be used anywhere, though technically speaking, with every transaction, it will be converted into fiat.

A good indicator would be market performance. Let’s take a look at how BNB compares with other altcoins.

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BNB Market Performance

What is Binance Coin?

The Binance coin is listed on the Binance trading platform as an individual coin, a digital asset, trading with the BNB symbol. Binance coin started in 2017 and is backed by blockchain. BNB coin runs on ERC20 Ethereum. the Binance ecosystem is designed to support a range of utilities, such as trading fees, listing fees, exchange fees, etc.

Furthermore, the main reason why Changpeng Zhao (founder of Binance Exchange) initiated the BNB coin was to remove many trading problems hindering the crypto market. The vision he had made solved those problems and, at the same time, made Binance coin a top competitor with other crypto exchanges.

Who are the founders of the Binance exchange?

Changpeng Zhao and He Yi started the Binance coin in July 2017. They first began Binance as an Initial Coin Offering (ICO), but today, Binance has become one of the most significant crypto coins globally.

The crypto token has garnered support from other partnerships, which has helped its usage spread. It includes a partnership with Asia’s premier high-end live video streaming platform, Uplive, which sells virtual gifts for BNB tokens to Uplive’s 20 million-strong user base.

Binance coin is also supported by the platform, the mobile app, and the VISA debit card of Monaco, the pioneering payments and cryptocurrency platform.

Fortunately, price predictions are meant to cover price forecasts for Binance coins for a prolonged period. Therefore, short-term trends are not primarily instrumental in determining the future price of a coin. As a result, the Binance coin price prediction for 2022 onwards will focus on historical price actions and price predictions from market experts.

Binance ’s CEO, Changpeng Zhao, visited El Salvador 4 months ago. His company, being the biggest cryptocurrency exchange in the world, and El Salvador, being the first country to adopt bitcoin as legal tender, something big is brewing. According to the Secretariat of Communications of the Presidency of the Republic of El Salvador, Binance’s CEO is visiting the country “along with other entrepreneurs, who are interested in knowing the investment possibilities.”

Is there a maximum supply of BNB coins?

Yes, a maximum supply of 170,532,785 BNB coins is available, and 153,432,897 have been distributed as of April 2021. Binance whitepaper says that half of the top supply was used for the ICO and public sale of the token.

BNB crushed it throughout 2021 as the Crypto Coin of 2021 and cemented itself as the third more popular coin in the world by market capitalization. Not a small feat, considering the phenomenal year that altcoins had. Several projects had their moment in the sun, capturing capital, headlines, and attention. No one got near Binance Coin, though. The award was given by Arcane Research.

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Source: Binance Coin Dubbed “Winner Of 2021” By Crypto Research Firm (newsbtc.com)

Binance Coin adoption and technology

Binance coin is famous for many reasons, but a significant reason is that it holds about 1 billion in trading volume every day. Binance seems to have a very bright future, but it needs stability. To do that (bring stability) and avoid sudden market fluctuations, BNB will have to be burnt using a systematic approach.

BNB had the potential to have an initial coin offering (ICO) of 100 million, and upon its launch, it hit the potential in July 2017, and $15 million was successfully raised. The generated funds were used to make the ecosystem larger by using a large sum of the money for marketing purposes, an exciting business opportunity that provided crypto startups a chance to be listed on the Binance cryptocurrency exchange platform.

Another essential characteristic that makes BNB unique and a center of attraction for adoption is that other digital assets can be traded for BNB. It can pay the Binance 0.1% trading fee when users move their crypto coins from the exchange to a private wallet. The price is typically charged in addition to the withdrawal fee. 

However, Binance does not support smart contracts and uses the Tendermint Byzantine-Fault-Tolerance (BFT) consensus protocol which allows multiple nodes (Validator nodes, accelerator nodes, etc.) to be used in transactions, validation, and authentication processes at different stages.

Another vital advantage of the Binance coin is that it can be used in particular ICO investments using the Binance launchpad program; this creates a flawless framework where other virtual tokens can be traded. This creates an excellent opportunity and allows for extra credit and debit cards to be supported on the Binance cryptocurrency exchange platform, the digital currency, and the mobile app.

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Binance Coin to Bitcoin Price Chart — TradingView

Learn More About Binance NFT Marketplace

Binance Price History

The varying price differences of Binance Coin (BNB) can be studied better using Crypto Volatility Index (CVIX). CVIX helps analyze the price dynamics and helps to ponder on essential elements that affect the current and future Binance coin prices. CVIX also carefully visualizes the algorithmic methods that demonstrate the market sentiment of BNB, either in a positive or negative light.

Binance coin had a remarkable 2019. It was positive in many aspects, and although the currency slowed a little in the second half of the year, it had a significant push by the end of 2019, primarily because of the IEO that was launched later that year. Binance coin price closed in 2019 with a gain of over 150%. However, in the following year (2020), a noticeable downward pattern was noticed. It was ongoing for more than six months, mainly due to the pandemic at the beginning of the year. The downward trend was seemingly more extended than usual. 

A significant characteristic of many cryptocurrencies is volatility, and the Binance coin suffers from the same. Binance coin has shown a lot of potential over the short-term price analysis. Let’s see what experts have to say about the BNB.

Coinfan’s Binance coin prediction is that BNB holds an optimistic future as the current price rally might continue till the end of the year. Take a look at this progression in BNB prices.

With such a move, we should see the BNB price in the four digits in 2022. Money in the market is pouring into the leading crypto platform – BSC. The launch of BinanceNFT will bring a new uptrend back to the market. Do you share this popular opinion?

Binance Coin New Developments

  • BNB Chain announces the #BuiltInBharat initiative.
  • BNB Chain completes 22nd BNB burn.

Binance Coin Technical Analysis

Binance Coin Price Prediction 2023-2032: Is BNB Ready for the Bull Run? 1Binance Coin Price Prediction 2023-2032: Is BNB Ready for the Bull Run? 1

The Binance Coin daily price chart shows that BNB broke through the upper band of the Bollinger Band (BB) on the 4th of January and has continued to reach the upper band regularly. The dynamics shown by the BB indicate that BNB is pushing higher, and traders can exploit the opportunity to make a buy decision. 

However, there exists the potential for a price reversal to the 20-period simple moving average at $276.08 if BNB fails to get past resistance at $327. A break through the resistance level could usher BNB into higher price targets. According to the Relative Strength Index (RSI), Binance Coin is currently overpriced. This indicates that a price reversal could be on the horizon, and investors should pay close attention to the market before deciding what course of action to take.

It is crucial to highlight that investors should not make judgments regarding whether or not to buy or sell purely based on these signals; nevertheless, they can be used to analyze relative value when combined with other information.

Binance Coin Price Prediction by Cryptopolitan

Experts and analysts have different opinions on where the price of BNB is headed and what its future holds. Prognoses for BNB’s price in the future are all over the place, with some experts anticipating huge price hikes and others predicting losses. Here’s what we think about BNB for 2023 and the coming year.

Binance Coin Price Prediction 2023-2032: Is BNB Ready for the Bull Run? 2Binance Coin Price Prediction 2023-2032: Is BNB Ready for the Bull Run? 2
Year Minimum Price ($) Average Price ($) Maximum Price ($)
2023 422.89 437.96 522.40
2024 600.55 618.07 744.17
2025 841.35 872.25 1032.88
2026 1235.99 1279.60 1472.20
2027 1831.78 1895.76 2141.27
2028 2686.56 2781.35 3232.05
2029 3902.32 4041.39 4589.57
2030 5500.83 5702.90 6591.86
2031 7741.99 7970.11 9460.88
2032 10929.06 11247.86 13008.83

Binance Coin Price Prediction 2023

At the time of writing, the BNB market is currently on an uptrend, gaining about 8% in the past week, and 30% since the start of January 2023. Per our Binance coin price prediction for 2023, we expect BNB to have positive price movements for most of the year, resulting in a maximum price of $522.40 and an average price of $437.96. 

The minimum expected price for BNB is $348.56. BNB chain recorded tremendous progress in 2022 in the Web3 space, having successfully onboarded billions of users. With more DeFi, GameFi, and SocialFi enterprises expected to launch on the world’s largest layer-1 blockchain in 2023, BNB’s demand should grow simultaneously, resulting in a bullish trend.

Binance Coin Price Prediction 2024

According to our Binance coin price prediction for 2024, BNB will exceed its current all-time high to reach a maximum price of $744.17. The coin will attain a minimum price of $600.55 and an average market value of $618.07. Suppose more dApps are enabled on the Binance Chain in the future. In that case, it could create a positive sentiment around the Binance ecosystem and lead to the value appreciation of BNB.

Binance Coin Price Prediction 2025

According to our Binance coin price prediction for 2025, BNB will attain a maximum price of $1,032.88. The expected average and minimum prices for 2023 are $872.25 and $841.35, respectively.

Binance Coin Price Prediction 2026

Based on the Binance coin price prediction for 2026 from our team, BNB’s price will rise to a maximum of $1,472.20. BNB coin will trade at a minimum price of $1,235.99 and an average value of $1,279.60. In 2026, we expect some price pullbacks across the crypto market, allowing investors to buy BNB at a discount.

Binance Coin Price Prediction 2027

Our Binance coin price prediction for 2027 anticipates BNB trading as high as $2,141.27, with its minimum price being $1,831.78. The projected average price is $1,895.76, representing a 488.76% gain on BNB’s current price.

Binance Coin Price Prediction 2028

Per our BNB price prediction for 2028, Binance coin will have a strong bull market in 2028, leading to a maximum price of $3,232.05 and a minimum trading price of $2,686.56. The projected average trading price is $2,781.35. These high prices could result from important collaborations within the Binance ecosystem, which will influence the widespread usage of the network’s native coin.

Binance Coin Price Prediction 2029

Our Binance coin price prediction for 2029 projects massive price surges, leading to a maximum price of $4,589.57. We also predict an average price of $4,041.39 and a minimum market value of $3,902.32.

Binance Coin Price Prediction 2030

According to our Binance coin price prediction for 2030, BNB will attain a maximum value of $6,591.86, with its lowest possible price being $5,500.83. The expected average trading price is $5,702.90. Suppose Binance keeps developing interesting features that promote investment in the BNB Chain, and the cryptocurrency market continues to be favorable. In that case, it is possible that the price of BNB might reach these price targets or even more.

Binance Coin Price Prediction 2031

Our Binance coin price prediction for 2031 anticipates BNB trading as high as $9,460.88, with its minimum price being $7,741.99. The projected average price is $7,970.11, representing a 2375.26% gain on BNB’s current price.

Binance Coin BNB Price Prediction 2032

The Binance coin price prediction for 2032 indicates a maximum BNB trading price of $13,008.83, which is 40x the current price. We also expect a minimum price of $10,929.06 and an average value of $11,247.86. 

Coincodex Binance Coin (BNB) Price Prediction 

Coincodex predicts that Binance Coin will drop to $ 319.97 in the next few days and rise to $ 325.18 towards the end of February 2023. Meanwhile, if BNB’s growth trajectory follows the expected internet development, Coincodex forecasts the coin to trade at $ 486.12 by 2024, $ 627.58 by 2025, and $ 810.21 by 2025. If BNB follows the growth pattern of Google, it will hit a maximum price of $ 710.53 by 2024, $1,109 by 2025, and $1730.93 by the end of 2026.

Cryptopredictions.com Binance Coin (BNB) Price Prediction

According to cryptopredictions.com Binance coin price forecast, BNB will experience price pullbacks towards the end of 2023, which will result in the coin trading between $205.405 – $302.067, with an average price of $241.653. Price reversals are expected at the start of 2024, resulting in a minimum price of $198.908 and a maximum price of $292.512 in January 2024. They predict an appreciation in the value of BNB through the remaining months of the year, resulting in a minimum and maximum price of $262.414 and $385.902, respectively, by December 2024. 

Throughout 2025, cryptopredictions.com forecasts a bull market for Binance Coin, leading to a minimum market price of $271.551, an average price of $423.641, and a maximum trading value of $529.551.

Longforecast Binance Coin (BNB) Price Prediction

Longforecast anticipates a trading range of $222 – $256 and a closing market price of $239 by the end of 2023. The Longforecast Binance coin forecast for 2024 projects a trading range of $235 – $271 at the start of 2024 and $153 – $197 by December 2024. For 2025, Longforecast projects a significant price surge, leading to the coin trading as high as $675 in August before closing the year at a market price of $556. 

According to Longforecast price predictions for 2026, BNB Investors should anticipate pullbacks from March, resulting in a price range of $462 – $574 and a closing market price of $536 by December. 

Binance Coin Price Prediction by Industry experts

According to More Crypto Online, BNB is trending upwards and may continue its upward movement in a zig-zag pattern until it breaks out of the fifth Elliot wave pattern to roughly $357.

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Conclusion 

The Binance Coin ecosystem has continued to draw investors who use the platform to explore opportunities its ecosystem presents, including Defi, the crypto market, and NFTs. The token has risen to glory within a short time as more applications are built on the smart chain. It has several use cases, making it engraved in the trading experience of several traders using the Binance crypto exchange platform.

Binance CEO Changpeng Zhao (CZ), has emerged to become one of the largest influencers in the crypto industry. In early November he identified issues on the FTX exchange. The exchange would later crumble with its CEO filing for bankruptcy protection in the US.

With Binance Chain expertise, users can deploy smart contracts that fit their application needs or virtual machines that dictate exactly how the blockchain should operate.  Binance has built one of the most secure trading platforms in the world where users can enjoy different security features, such as KYC, 2FA, and Anti-Phishing Code, to protect themselves against nefarious actors. Users can also rest assured that their funds are SAFU in Binance.

Currently, BNB is among the top five largest cryptocurrencies by market cap. The token has risen to glory within a short time as more applications are built on the smart chain. It has several use cases, making it engraved in the trading experience of several traders using the Binance crypto exchange platform. The price predictions of BNB are relatively optimistic since the token demonstrates healthy growth behavior, and the trading platform continues to grow and amass new users.

The overall development of the Binance exchange could directly translate to the positive growth of the BNB coin. The price predictions of BNB are relatively optimistic since the token demonstrates healthy growth behavior, and the trading platform continues to grow and amass new users.

If further developments and collaborations continue in the Binance ecosystem, as we have had with the Binance chain, massive adoptions are imminent in the forthcoming years, which could result in BNB breaking through the $1000 mark. For instance, RevolutuX, an integrated DeFi, and Web 3.0 protocol, is just the latest invention built on the BNB chain and is set to launch in a few months.

However, while the prospects of BNB look good, the crypto market still remains volatile, and investors are reminded to do their due diligence and approach the market with the utmost caution.

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