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 Binance Coin 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 2023: Judging from how it has performed this year, there are reasons to believe that BNB will not drop below its current price range. It has already recovered in the past weeks and with the crypto market gaining momentum, BNB price may reach $286 by the end of 2023.
  • End of 2024: Bitcoin halving is expected to usher in a crypto bull market in 2024. The anticipation alone has already impacted coin prices and we expect a significant price surge for the best altcoins, including BNB. By the end of 2024, BNB is estimated to reach $452 per token.
  • End of 2025: As one of the biggest names in the crypto scene, Binance can innovate meaningfully. In the next couple of years, the BNB ecosystem will most likely improve. The anticipated bull market will also last till 2025. Based on all the key factors considered, our BNB price prediction for 2025 is $685.
  • 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 $1,700 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.

With BSC’s popularity growing quickly, BNB became one of the most undervalued 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

BNB Price Prediction 2023

To provide a realistic BNB price prediction for 2023, we have to look at the way the coin performed in the past months. BNB price, like prices of other cryptos, has fluctuated over the past 10 months. However, it experienced a major setback after the SEC lawsuit.

Before the lawsuit, BNB was trading above the $300 mark. In April, for instance, Binance Coin price touched $340. It also had a decent performance in May. However, once the SEC announced its lawsuit against Binance and Coinbase in June, BNB price took a hit.

Technical Analysis for BNB Price Prediction

Obviously, investors are concerned about what will become of Binance in the United States. If the SEC forces Binance to cease operation in the U.S., the entire BNB ecosystem will lose a large chunk of its liquidity. That could impact BNB price negatively.

It is unlikely, however, that Binance will be forced out of the United States. Ripple Labs secured a landmark victory against the SEC in a similar suit, and we hope Binance will emerge stronger even if the legal battle stretches for months/years.

Meanwhile, speculation will continue to drive BNB price for the time being. Also, the general condition of the crypto market will continue to impact BNB price changes in the remaining months/weeks of 2023.

Looking at the BNB price chart, it traded around a key support level in mid-October. Just when it appeared like the coin price would break below this level, it recovered impressively. In the past 4 weeks, BNB price has recorded an 18.8% price resurgence.

We can attribute the BNB price resurgence to the general improvement in the crypto market. This is expected to continue as the year runs out. Therefore, our BNB price prediction for 2023 estimates that the coin could reach $286 by the end of the year.

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

Binance Coin Price Prediction 2024

There are several indications that 2024 will be a far better year than 2023 for crypto investors and traders. The crypto winter is nearly over, and experts predict that 2024 will mark the beginning of a significant bull market.

Bitcoin halving is one of the major factors expected to drive crypto price growth in 2024. Historically, this 4-year event often brings about a positive market condition. It starts with a BTC price boost that often results in positive price movements for altcoins.

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

Binance Coin Forecasts

Regulatory issues and concerns will also influence BNB price performance in 2024. The outcome of the SEC vs Binance lawsuit will potentially have a significant 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.

Binance will continue to work with regulators, no doubt. The exchange will most likely remain the biggest crypto exchange for decades. This will boost investors’ confidence. Ultimately, it will prove vital for BNB price forecast.

Based on all the factors considered, our BNB price prediction for 2024 projects that the Binance Coin could reach a high price of $452. It could be more or less. To a great extent, the actual price will depend on the general crypto market condition.

Binance Coin (BNB) Price Prediction 2025

The next crypto bull market will potentially last from 2024 to 2025. This means that coins’ prices will continue to rise exponentially in 2024. As you should know, this will depend on how Bitcoin halving and other triggers influence the market starting next year.

Various other factors could also influence BNB price performance in 2025. As an entity, Binance is one of the most innovative businesses in the crypto space. We anticipate that it will implement several beneficial innovations in the next couple of years.

Binance Coin

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

Crypto exchange-traded funds (ETFs) may become a reality soon. Experts say that the odds of spot Bitcoin ETF approval have gone up. Earlier this year, Blackrock, the world’s leading global asset manager, filed to create the first Bitcoin ETF. Grayscale Investments LLC also won a court ruling in a push to convert its Bitcoin trust into an ETF.

Binance Coin Forecasts

Before 2025, a lot could happen within the crypto space. Analysts are generally bullish because of the possibilities ahead. Mainstream financial and investment institutions are getting more involved in crypto and blockchain. Most assets will gain meaningfully in the coming years.

As hinted earlier, Binance is well-positioned to take advantage of market trends. BNB price prediction, therefore, is bullish. The ecosystem is expanding impressively, signalling high growth potential for BNB.

Based on factors we’ve analyzed, BNB is set for a potential price explosion in the event of a favorable market condition. Depending on the overall market condition, our BNB price prediction estimates that the Binance coin could reach $685 in 2025.

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 $1,700 by 2030.

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

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
2023 $286 $220
2024 $452 $305
2025 $685 $540
2030 $1,700 $1,200
2040 $5,650 &2,400

 

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 $251.35. If the pattern trend continues, then the price of BNB might reach the resistance level of $247.9 and $312.6. If the trend reverses, then the price of BNB may fall to the support of $203.6″

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 $536 by the end of 2024.”

Coinedition.com

“Therefore, in 2024, the price of BNB Coin can reach a high of $541. However, in case of an economic slowdown, the BNB crypto might form a low at $337, with an average price of $439.”

Coinpedia.org

“By the end of 2025, the BNB price is forecasted to stand at a maximum of $840 and a minimum price of $692. 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.  

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.

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.

eToro Exchange

  • Best Place to Buy BNB
  • Best Crypto App 2023
  • Minimum Deposit only $10
  • Best Beginner exchange
  • Open to US & Worldwide
Our Rating

5 Stars

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.

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 $452 in 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 $685 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 $1,700 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.