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Binance is a household name in the cryptocurrency scene. In addition to running the world’s biggest crypto exchange, it encompasses a wholesome ecosystem of functionalities, including a native token called Binance Coin or BNB.

As one of the largest cryptocurrencies by market capitalization, Binance coin (BNB) is an attractive investment instrument. In this post, we’ll provide comprehensive BNB price prediction, including short-term and long-term Binance coin price forecasts. We’ll also discuss many important things you should know about the coin and its price prospect.

BNB Price Prediction Summary

  • End of 2024: Despite several regulatory hurdles and legal issues for the Binance exchange, the Binance coin (BNB) has performed as one the best altcoins in the current bull market. Depending on how events unfold, we estimate that the coin will gain further and potentially reach $680 before the end of 2024.
  • End of 2025: As one of the biggest names in the crypto scene, Binance can innovate meaningfully. By 2025, the BNB ecosystem will most likely improve meaningfully. The current bull market will also last till 2025. Based on all the key factors considered, our BNB price prediction for 2025 is $854.
  • End of 2027: Despite its current challenges, Binance looks ready to take advantage of market trends. We expect the evolving Binance ecosystem to become a lot more attractive before 2027. Depending on how the ecosystem performs, the Binance coin (BNB) could reach as high as $1,220 before the end of 2027.
  • End of 2030: Depending on such factors as regulatory issues and speed of development within the blockchain industry, we may see crypto prices skyrocket before 2030. According to our BNB long-term price forecast, the Binance Coin may be able to reach $2,300 by the end of 2030.

Cryptoassets are a highly volatile unregulated investment product. No EU investor protection.  

Binance Coin Price History

Binance Coin was launched as an ERC-20 token shortly after the Binance exchange was announced in 2017. According to Changpeng Zhao, the founder of Binance and its associated ecosystem, BNB coin sales were the only funding used to build the Binance exchange.

After debuting as an ERC-20 token on the Ethereum blockchain, BNB migrated to the Binance Chain in 2019 and eventually fueled the Binance Smart Chain (BSC), which launched officially in September 2020.

BNB recorded one of the most successful ICOs (initial coin offerings) in the crypto space in 2017. While it exchanged for ETH and BTC, BNB’s price at ICO was around $0.11 per token. It started trading on exchanges soon afterwards, and Coingecko data shows that its initial price on the first day of trading was around $0.1072 per token.

BNB price rose quickly months after its launch. By late December 2017, it had already reached $9 per token. By January 12, 2018, BNB was already trading at $23.91 per token. It witnessed sideways movements for most of 2018 and the early months of 2019. By July 2019, it reached a high of $36 before dropping back to its $10 – $20 price range. 

The BSC Era

The Binance Smart Chain (BSC) launched in September 2020 following the creation of a BEP-20 version of BNB. Due to the obvious advantages BSC offered, such as faster transactions and lower fees, BNB became even more attractive. Yet, it was one of the most undervalued cryptos

With BSC’s popularity growing quickly, BNB became one of the most explosive cryptos. By January 6, 2021, it was already trading at $41.70 per token. As the 2021 crypto bull market gained momentum, BNB price surged further. According to Coinmanrketcap data, it reached an all-time high value of $690.93 on May 10, 2021.

Binance Coin Price Chart

BNB price dropped to $261.26 on May 24, 2021. It recovered as the months went by, reaching the $500 region in September. By November 10, it reached $636 per token. In 2022, it performed relatively well, trading for $300 or more until the bear market became rougher.

In early January 2023, BNB was trading around the $250 mark. By early February, it rose to around $327. It remained above $300 until late June when it dropped to around $244. This was within the period the SEC sued Binance and Coinbase, accusing them of selling unregistered securities. BNB continued to fluctuate mildly, reaching a low point of $205 in mid-October. As the rest of the crypto market started to improve, BNB recovered slowly. At the time of writing, it was trading for $245 per token.

Key Points in BNB price History

  • Binance Coin (BNB) launched as an ERC-20 token on Ethereum in 2017, switching to Binance Chain in 2019 and fueling the establishment of the BSC network in 2020
  • BNB ICO price was $0.11 and when it debuted on crypto exchanges, its initial price was in the region of $0.1072 per token
  • A few months after its launch, BNB rose to $9 per token, attracting lots of attention and interest
  • Following BSC launch, BNB became one of the most explosive cryptos, and at the peak of the 2021 crypto bull run, reached an all-time high value of $690.93 on May 10, 2021
  • BNB price declined in June, following the SEC’s lawsuit that accuses Binance of selling unregistered securities
  • Following some positive developments in the crypto market, BNB is recovering slowly

 

Technical Analysis for BNB Price Prediction

 

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Binance Coin Price Prediction 2024

As a business entity, Binance has faced a lot of issues in recent times. The founder, CZ, was forced to step down as CEO and still faces multiple legal issues in the United States and Canada. Binance, also, faces several regulatory and legal issues in different parts of the world. 

Surprisingly, the Binance coin (BNB) has been performing well despite the challenges facing the Binance exchange and associated entities. When the U.S. Securities and Exchange Commission sued Binance and Coinbase in June 2023 for selling unregistered securities, BNB price dropped a little before making a rather quick recovery. 

Binance Coin Forecasts

As of mid-October 2023, BNB was trading at a lowly price of $205 per coin. Fast forward to March 2024, the coin is quickly approaching the $600 mark. This shows that BNB is already an established asset that can survive a storm in the ever-evolving crypto scene. 

As the bull market continues to unfold, we anticipate that Binance coin will gain further. Due to its strategic position as the biggest centralized exchange, Binance has millions of users. It has been recording higher daily onchain activities and BNB holders aren’t giving up on the coin. 

As the wider crypto market condition continues to improve, we anticipate that BNB price will continue to go up. Since there is no selling pressure even when Binance is being punished in different countries, BNB will continue to gain rather than losing value. 

As per how far BNB price could go this year, we anticipate that the Binance coin may record a maximum price of $680 before the end of 2024. 

Binance Coin (BNB) Price Prediction 2025

At this point, it is important to discuss the factors driving the current bull market. Interestingly, the current positive trend started in Q4 2023 as anticipation for Bitcoin halving started building. In January 2024, the U.S. SEC approved spot Bitcoin exchange traded funds (ETF). This served as a major catalyst for the already booming market. 

The recent positive developments in the crypto market will continue to have an impact on it even beyond 2025. The current condition of the market suggests that top altcoins, such as BNB, will continue to gain, going into 2025. 

The growing convergence of artificial intelligence and blockchain technology is another factor that could have a notable impact on crypto coin prices going forward. The BNB network, being an established ecosystem, may find a way to benefit from the evolving new trends.

Binance Coin Forecasts

On the flip side, regulatory issues and concerns will also influence BNB price performance in 2025. The outcome of the SEC vs Binance lawsuit will potentially have a meaningful impact, not just on BNB price, but on the entire crypto scene. A favorable verdict during a bull market will most likely result in explosive price growth.

Binance has also demonstrated its readiness to operate in line with local regulations. After failing to meet registration requirements in the Netherlands, it exited the market. This demonstrates readiness to adapt to changing business environments. It adds to BNB long-term potential. 

Based on the factors considered, our BNB price prediction for 2025 projects that the Binance Coin could reach a maximum price of $854.  

Binance Coin (BNB) Price Prediction 2027

Most of Binance’s regulatory and legal issues should be settled before 2027, hopefully. At that time, investors’ confidence will improve. Again, how BNB performs in the years leading up to 2027 will also determine how further it could grow. 

As an entity, Binance has proven itself as one of the most innovative businesses in the crypto space. It has launched several helpful features that have attracted millions of users over time. We anticipate that it will implement several more beneficial innovations in the years ahead.

Binance Coin

Considering how the crypto industry has changed in recent years, we can also anticipate a high level of advancements before 2027. Already, many established financial institutions and investment companies are steadily increasing their crypto exposure.

The approval of the spot Bitcoin ETF marked a significant change in the crypto market. It signaled the acceptance of Bitcoin and other digital currencies as legitimate asset classes. This will become even more standardized by 2027. 

Before 2027, a lot more could happen within the crypto space. Analysts are generally bullish because of the possibilities ahead. 

As hinted earlier, Binance is well-positioned to take advantage of market trends. Our BNB price prediction for 2027, therefore, is bullish. We anticipate that Binance coin could reach $1,220 before the end of the year. 

Binance Coin Price Prediction 2030

Since there are lots of regulatory uncertainties at the moment, making a long-term BNB price prediction could be challenging. However, we’ll analyze several factors that could have meaningful impacts on the overall crypto market and BNB ecosystem for the years to come.

To get a clear perspective on how BNB price could change in the next seven years, we need to look at Binance closely. Over the years, Binance has become one of the most popular brands in the crypto space. Part of the reason for this is its ability and capacity to innovate.

Binance Coin Long Term Price Prediction

Binance has transitioned from a regular centralized exchange to an expansive crypto ecosystem with lots of helpful functionalities. Changpeng Zhao (CZ) and his team have taken several bold steps and the results are evident. It is ideal, therefore, to expect a lot from Binance, hence a positive BNB long-term price outlook.

Binance’s readiness to work with regulators is also evident. With the crypto industry moving closer to global adoption, Binance’s reputation will most likely push it further. It has already dabbled into NFTs and other aspects of web3 innovations, and we anticipate bigger moves in the future.

We also need to consider what makes Binance attractive. In addition to being an innovative entity, Binance offers lots of perks. BSC is faster and charges significantly lower fees than Ethereum. It can attract more users in the long run.

Binance will likely collaborate with many more companies in the future. It may even buy or merge with other players to expand its business. Overall, Binance growth potential is high but will also depend on how the entire sector performs in the long run.

Based on all the factors considered, our BNB price prediction forecasts that Binance Coin could reach a high price of $2,300 by 2030. 

Cryptoassets are a highly volatile unregulated investment product. No EU investor protection.  

Binance Coin Price Prediction 2040

While there are uncertainties surrounding Binance and its business dealings in different countries, we can authoritatively state that the exchange has what it takes to survive. Over the past few years, Binance has proven to be one of the most innovative entities and we expect it to navigate its current challenges expertly. 

Before 2040, we anticipate that Binance must have adapted to regulatory framewoks across the world and reach more users. Also, crypto will go mainstream long before 2040. Knowing what the exchange has been able to achieve in such a short while, we also expect it to innovate further and offer better experiences to users. 

As the crypto landscape continues to change, it is expected that Binance will fully explore its numerous business options and ecosystem capabilities. The company already appears ready to get fully involved in Web3 and other real-world applications of blockchain technology. 

We also need to recognize the potential of the Binance community. BNB holders have demonstrated resilience in the past. This was one of the major reasons BNB performed relatively well, even during the crypto winter. 

The Binance ecosystem will most likely expand substantially before 2040. BNB utility will significantly improve and we anticipate that its value will also soar. Based on estimations, our BNB price forecast for 2040 is a maximum price of $5,650. 

Potential Highs and Lows of Binance Coin Price

Throughout this Binance Coin (BNB) price prediction guide, we’ve hinted that BNB is a volatile asset and that it will be difficult to predict its future prices with certainty. Despite that, we’ve made well-researched and analyzed BNB price forecasts.

In this section, we’ll provide estimated high and low points of BNB price for the years we’re considering.

Year Potential High Potential Low
2024 $680 $540
2025 $854 $768
2027 $1,220 $976
2030 $2,300 $1,600
2040 $5,650 $3,850

 

Expert Opinions – What Other Analysts Predict for BNB

While our BNB price predictions are based on quality research, key facts and algorithmic-based analysis, it is important that you consider the opinions of other analysts.

In this section, we’ll sample expert opinions and BNB price forecast(s) from other analysts publishing on reputable crypto/blockchain media:

“At the time of analysis, the price of Binance Coin (BNB) was recorded at $751.35. If the pattern trend continues, then the price of BNB might reach the resistance level of $747.9 and $812.6. If the trend reverses, then the price of BNB may fall to the support of $803.6″

TheNewsCrypto

“There will be Bitcoin halving in 2024. Hence, we should expect a positive trend in the market due to user sentiments and the quest by investors to accumulate more of the coin. However, the year of BTC halving didn’t yield the maximum for Binance Coin based on the previous halving. Hence, we could expect Binance Coin (BNB) to trade at a price, not below $836 by the end of 2024.”

Coinedition.com

“Therefore, in 2024, the price of BNB Coin can reach a high of $841. However, in case of an economic slowdown, the BNB crypto might form a low at $737, with an average price of $939.”

Coinpedia.org

“By the end of 2025, the BNB price is forecasted to stand at a maximum of $840 and a minimum price of $892. At the same time, the average value of the coin is expected to be around $766.”

Cryptonewsz.com

“By 2030, Binance Coin will finally surpass its previous ATH values and record new price levels. The Minimum price could be $1,964.87 and potentially reach a maximum price value of $2,087.67, averaging out at $2,013.99”

Bitcoinwisdom.com

What Is Binance Coin (BNB) and What is It Used For?

The Binance Coin, simply called BNB is the native token of both the BNB Beacon Chain and the BNB Smart Chain. It is the cryptocurrency that powers the entire Binance ecosystem – it can be used for trading and also for payment of gas fees on the Binance exchange.

BNB is one of the world’s most popular utility tokens, enabling users to participate in a wide range of applications and use cases. It is also the governance token, enabling holders to participate in the BNB Chain decentralized governance.

Besides its many use cases within the BNB ecosystem, the Binance Coin is an investment instrument. It can be traded across a plethora of cryptocurrency exchanges for profit purposes. This BNB price prediction guide is for individuals who intend to use BNB as an investment instrument.

What Influences the Price of Binance Coin (BNB)

While discussing BNB price forecast for the years ahead, we referred to several factors that will play different roles in its potential price movements. In this section, we’ll briefly discuss some of the key factors that will influence its price in the short, medium and long term:

General Crypto Market Condition

As an integral part of the entire crypto market, BNB will always respond to general market conditions. If the crypto market enters a bull run as we anticipate, BNB will be among the top gainers. On the other hand, BNB price will most likely decline if the market trends downward. This general rule applies to every cryptocurrency, except if there is an extraordinary circumstance surrounding a particular coin.

BNB Ecosystem Developments

As the BNB ecosystem develops, BNB will benefit significantly. As we’ve already stated, Binance has demonstrated that it is one of the most innovative companies in the crypto scene. It is always improving in different ways, creating new use cases for BNB. As the ecosystem expands and becomes more relevant, BNB price will gain more.

Regulatory and Legal Issues

This year, we’ve seen the level of impact regulatory and legal issues can have on the prices of cryptocurrencies. BNB took a serious hit after the SEC lawsuit was made public. The outcome of this legal issue will have a notable impact on BNB price prospects. Favorable regulatory changes will boost BNB price while unfavorable regulations will impact price negatively. 

Speculations from Traders

BNB is among the best cryptos to buy and trade on major altcoin exchanges. As such, its price is subject to speculations. Depending on what traders feel about BNB price prospect, the coin will either gain or lose. If, for instance, the going is good and traders feel BNB price will continue to rise, they will buy more, and that could push the coin price higher.

Competition

Despite being the world’s largest cryptocurrency exchange, Binance faces competition. Just as we observe with other coins, such competitions exert some level of force on BNB price. As the crypto space continues to evolve, competition may come from both centralized and decentralized exchanges, and they will always exert influence on BNB price.

Is BNB A Buy?

BNB is obviously a useful digital asset for Binance users. In addition to guaranteeing low CEX transaction fees, it offers seamless usability. For this reason, it is a good buy for every Binance user. As an investment instrument, BNB also appears to be a good buy.

Buy Binance Coin

In this BNB price prediction guide, we’ve demonstrated that Binance Coin is one of the coins with high growth potential. Its price history shows that it can enjoy explosive growth during favourable market conditions. Our forecasts also indicate that it will rise meaningfully in the years to come.

Cryptoassets are a highly volatile unregulated investment product. No EU investor protection.  

Binance Coin Price Prediction – Conclusion

The BNB network has the potential to evolve into a better and more valuable ecosystem in the years to come. BNB or Binance Coin also has the potential to rise significantly in the future. It is already one of the biggest cryptocurrencies by market capitalization and still has much room for improvement.

As our BNB price prediction has shown, Binance Coin could be among the best coins to add to your crypto portfolio. It will most likely rise in the years to come. When buying BNB, take care to buy only from reputable exchanges and brokerages like eToro. As one of the best brokers on the market, eToro offers several perks and charges the lowest possible fees.

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Cryptoassets are a highly volatile unregulated investment product.

DISCLAIMER

Crypto2community.com prioritizes providing high-quality information, taking the time to research and create informative content for users. Any action taken by the reader based on this information is strictly at their own risk.

References

Check Some of Our Other Price Prediction Reviews

If you’re looking to buy cryptos, then you might want to check out some of the other forecasts posted by the Crypto2Community team.

FAQs

What was BNB’s highest price ever?

According to Coinmarketcap data, BNB’s highest price ever was $690.93, recorded on May 10, 2021, during one of the most remarkable crypto bull markets.

Yes, BNB will most likely go up in the future. It has endured a downward trend after the SEC lawsuit but is recovering impressively. BNB looks set for an upward price surge.

Yes, BNB, among other cryptos, is expected to bloom in 2024. Most analysts believe that next year’s Bitcoin halving will usher in a bull market. BNB will benefit from the favorable market to bloom.

Based on our BNB price forecast, the Binance Coin has the potential to reach $680 before the end of 2024.

According to the results of our analyses, BNB price will rise significantly in 2025. If things play out as we anticipate, Binance Coin may be worth up to $854 before the end of 2025.

Depending on how the entire crypto sector will change in the next seven years, BNB might reach new heights. Based on our estimations, the coin could reach a high price of $2,300 before the end of 2030.

Yes, BNB has the potential to reach $1000 per token. Considering how well it gained in just three years, the coin can reach the $1000 mark if the market plays nice in the next few years.

Yes, this looks like a good time to buy BNB cheap. It is currently trading below $300 and has the potential to rise meaningfully in the future. Buying now gives you better chances of making bigger profits.

Yes, Binance Coin (BNB) has all the qualities of a good digital asset. Based on our research and analyses, BNB price will rise significantly in the future. Therefore, it has the potential to yield meaningful profits for holders.