링크모음 링크세상
링크세상 링크모음 링크 애니 웹툰 링크 드라마 영화 링크 세상의모든링크

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

Binance Coin Price Prediction 2023-2032

  • BNB Price Prediction 2023 – up to $307.41
  • BNB Price Prediction 2026 – up to $1,015.52
  • BNB Price Prediction 2029 – up to $3,453.14
  • BNB Price Prediction 2032 – up to $11,091.37

Binance coin and the entire crypto market have again lost momentum. BNB prices have dropped by 11.65% since touching $248.9 in August 2023.

What does the future hold for Binance Coin?

How much is BNB worth?

The current Binance coin price is $214.97 with a 24-hour trading volume of $349,923,830. BNB is down 0.65% in the last 24 hours. The current CoinMarketCap ranking is #4, with a live market cap of $33,070,827,593 USD. It has a circulating supply of 153,847,824 BNB coins and the max. supply is not available.

Binance Coin Price Analysis: Cryptocurrency devalues to $214.2 amidst bearish slide

TL;DR Breakdown

  • Binance Coin price analysis shows a downtrend.
  • Coin value has declined to $214.2.
  • Support is stable at $209.2 end.

The latest one-day and four-hour Binance Coin price analysis for 20 September 2023 is predicting a strong downtrend for the day. The bears took over the market in the past 24-hours, and successfully broke through the bullish momentum. As the selling momentum is growing intensely, the coin value has deteriorated to $214.2 low.

BNB price analysis on a daily timeframe: Price sinks below $214 margin as bears strike back

The latest one-day Binance Coin price analysis is supporting the cryptocurrency sellers for the day. A strong rise in selling pressure has been observed today, as the bears were able to make a successful comeback. Because of the ongoing declining trend, BNB/USD value has collapsed to $214.2 low. On the other hand, its Moving Average (MA) value increased to $214.3 because of the earlier spike.

BNB/USD 1-day price chart. Source: TradingView

A crossover between SMA 20 and SMA 50 took place earlier but now it seems that the bears are back on track. The volatility remained almost unchanged, whereby the upper and lower values of the Bollinger Bands Indicator have undergone a slight shift. The upper end of the Bollinger Bands Indicator is present at $218.8 whereas its lower end is present at $209.2. Moreover, the Relative Strength Index (RSI) indicator’s graph is displaying a steep bearish slope. Its value dropped down to 45.32 because of the latest bearish trend.

Binance Coin price analysis on the 4-hour chart: Bearish wave aggravates collapse below $214 end

The four-hour Binance Coin price analysis is showing a strong downward trend for the cryptocurrency. The bears have been occupying the winning position since the past few hours, and the coin value is sinking continuously. A further downtrend was observed in the last four hours, whereby the bearish slide dragged coin value to $214.2 end. Moreover, its Moving Average value stepped down to $216.2 because of the continual downtrend.

4 hrs 4
BNB/USD 4-hour price chart. Source: TradingView

The four-hour price chart is displaying an increasing volatility, which is a further indication of an upcoming bearish trend. As a result, the upper and lower ends of the Bollinger Bands Indicator have shifted their slots as well. Currently, the upper Bollinger band is present at $219.6 whereas the lower Bollinger band is at $214.1 end. Talking about the RSI indicator, then its value has undergone a drastic decline as well. It is currently situated in the below average region i.e. at 40.50.

What to expect from Binance Coin price analysis

The recent one-day and four-hour Binance Coin price analysis is giving out a strong bearish indication regarding today’s market trends. The bears remained on the leading edge today, as they brought down BNB/USD value back to $214.2 end. Whereas the tides remained in favor of the bears during the past four hours as well, as the coin value experienced a drastic decline once again.

Recent News/Opinion on BNB

Latest: Two more Binance.US executives resign amidst SEC clamor. The latest update shows that two more big names in Binance US have resigned from their positions amidst the ongoing SEC legal battle. Sidney Majalya and Krishna Juvvadi; the chief risk officer and head of the legal team respectively, have backed out from their positions of authority. Binance US has been dealing with a lot of resignations in wake of increased regulatory scrutiny as well as ongoing legal battle against the SEC. Binance US has been undergoing many variations, whereby its chief executive officer and many other employees called it quits with the crypto firm.

Binance terminates NFT staking in Sandbox and MATIC. The crypto exchange has ended its NFT staking program in connection with Sandbox and Polygon (MATIC) networks. The termination will take place by the end of the month, whereby crypto users will not be able to accommodate LAND NFTS as held by the Binance Marketplace. The announcement was made on the 8th of September, as Binance now aims to situate its focus on other networks which lie in alliance with its goals. The crypto users will not be able to win LAND earnings, as the remaining NFTS will also be redeemed by the onholders soon.

Streamlined Access: A Better Way to Monitor Your Trading Bots

Chiliz $CHZ 2.0 Mainnet Integration and Swap Gets a Boost from Binance

Just in: Binance Asia-Pacific chief resigns from authority

The chief executive Leon Foong has resigned from his position as the crypto exchange is facing regulatory trials. Foong has helped Binance expand horizons in states like Korea, Japan and Thailand. Binance has been tackling various accusations with regards to regulatory concerns. The exchange is currently facing SEC and CFTC charges to account for illegal transactions and non permitted security exchange. Amidst these ongoing legal battles, many officials including Hon Ng and Hillman have given up their positions, rendering huge shock to the crypto enterprise.

Binance terminates peer-to-peer exchanges in Russia

The crypto exchange has officially announced P2P suspension in Russia, after the latest sanctions implementation scrutiny. These transactions helped traders dodge restrictions as imposed by Russian banks. This step can severely impact Binance’s current position in the United States because of its already suspicious status. Binance has terminated P2P exchanges for five banks; including Tinkoff and Rosbank, thus disabling payment via cards.

Checkout terminates partnership with Binance over compliance concerns. Checkout.com has initiated this action over regulatory control and compliance issues. Guillaume Pousaz has expelled Binance’s contract on accounts of money laundering and compliance control concerns. Binance is still opting for a legal action in future over the abrupt dismissal of the contract. Checkout has been crypto exchange’s biggest customers, holding $2 billion worth of transactions amidst partnership.

SEC case triggers de-listing of DOGE and LTC perpetuals contracts

The ongoing Binance SEC clash has triggered this decision, whereupon the crypto exchange decided to get rid of these coins. Dogecoin and Litecoin will be delisted by the 24th of August as they are directly linked with the exchange’s stablecoin and its future security. Binance has been on a clean up spree in between legal investigations and court orders, excluding tokens with respect to regulatory concerns. Binance’s latest profiling might be a move towards securing a protective order from SEC amidst ongoing legal battle.

Binance adopts an AI based solution for verification of users

The crypto exchange has announced an affiliation with ‘Liquid’; which will allow a transparent authentication of traders in Japan. Liquid is set to provide eKYC service to Binance utilizing a biometric system of verification. This authentication process will abide by the legal rules and regulations implemented in each of the respective states.

Binance Labs dedicates 10 Million USD to shape LSDfi’s future

Its contribution to Helio Protocol can earn better prospects regarding the future of Web3 industry. This project incorporates Binance’s destabilized token HAY and LSDfi to generate a better impact. The current upgrade will allow a safer experience for mainstream investors, which includes an access to withdrawal as well as collateral conversion.

Binance announces reduction in leverage for its ADA and MATIC contracts. This decision is a consequence of the growing risks which involve such high-leverage trading in the cryptocurrency universe. Although the following tokens continue to enjoy popularity amongst crypto traders, their owners have openly turned down SEC allegations concerning their illegitimate status as securities.

Binance unveils its status as the first fully licensed exchange in El Salvador.  The CEO has shared pictures with El Salvador’s president, thus confirming that the exchange has acquired a dual license. Binance exchange currently holds a Bitcoin Services Provider license and Digital Assets Services Provider license (DASP) in the crypto-supportive state. The cryptocurrency exchange is one of the leading names withstanding regulatory permissions and earning interests of local contenders. It holds 18 registrations in cryptocurrency markets worldwide, which is a remarkable feat.

Empower Your Trades: Customizable Closing Positions Now Live on #Binance!

Binance Coin Price Predictions 2023-2032

Price Predictions by Cryptopolitan

As the crypto landscape continues to evolve, it’s essential to stay informed about potential price trends and developments in one of the industry’s leading assets. Join us as we explore what the years 2023 to 2032 may hold for BNB and gain valuable insights into its potential price movements.

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

Year Minimum Price ($) Average Price ($) Maximum Price ($)
2023 266.93 276.56 307.41
2024 395.87 409.7 463.99
2025 590.59 606.98 691.19
2026 866.16 890.44 1,015.52
2027 1,322.39 1,358.01 1,507.91
2028 1,983.47 2,051.37 2,272.97
2029 2,996.18 3,098.75 3,453.14
2030 4,249.59 4,373.54 5,142.74
2031 6,367.47 6,542.41 7,502.15
2032 9,619.25 9,880.94 11,091.37

Binance Coin Price Prediction 2023

Per our Binance coin price prediction for 2023, we anticipate that BNB could experience a substantial surge and reach a peak price of $307.41. Our analysis also indicates that the average price of BNB would be $276.56. The projected minimum price for BNB is $266.93.

Binance Coin Price Prediction 2024

According to our Binance Coin (BNB) price prediction for 2024, BNB will reach a maximum market price of $463.99. We expect an average trading price of $409.70 and a minimum price of $395.87.

Binance Coin Price Prediction 2025

The BNB price prediction for 2025 indicates that BNB will approach its all-time high, reaching a maximum price of $691.19. We estimate that the average market price of BNB in 2025 could be as high as $606.98. Even in a less favorable market scenario, we believe that the minimum price of BNB could still be around $590.59.

Binance Coin Price Prediction 2026

Our Binance Coin (BNB) price prediction for 2026 expects BNB to reach a maximum price of $1,015.52. The minimum price for BNB in 2026 could still reach $890.44. On average, our prediction suggests that BNB could trade at around $866.16.

Binance Coin Price Prediction 2027

According to our Binance Coin (BNB) price prediction for 2027, BNB could reach a maximum price of $1,507.91. Our price analysis indicates that BNB could trade for around $1,358.01 on average. Furthermore, the minimum price for BNB in 2027 could be approximately $1,322.39.

Binance Coin Price Prediction 2028

Based on our analysis, the growth of the Binance ecosystem has substantially enhanced the potential for BNB’s future performance. Consequently, our prediction indicates that by 2028, BNB may reach a maximum price of $2,272.97. Furthermore, investors could anticipate an average price of $2,051.37 for BNB, and a minimum price of $1,983.47.

Binance Coin Price Prediction 2029

Our analysis for the Binance Coin price projection in 2029 suggests a continuation of the upward trend, reaching a maximum price of $3,453.14. However, BNB may also trade at an average value of around $3,098.75 and potentially reach a minimum price of $2,996.18.

Binance Coin Price Prediction 2030

According to our Binance Coin price forecast for 2030, BNB may reach a maximum market value of $5,142.74. Furthermore, the projected average value of BNB is estimated to be approximately $4,373.54, with a minimum price of $4,249.59.

Binance Coin Price Prediction 2031

Our BNB price prediction for 2031 suggests that the coin could reach a maximum market value of $7,502.15. Additionally, the projected average price for BNB is estimated to be around $6,542.41, with a minimum price of $6,367.47.

Binance Coin BNB Price Prediction 2032

According to our Binance Coin price prediction for 2032, there is a possibility that BNB could reach a maximum trading price of $11,091.37, representing a significant increase of about 52x its current value. We anticipate a minimum price of $9,619.25 and an average price of $9,880.94.

Binance Coin Price Prediction by Wallet Investor

Wallet Investor’s technical analysis and cryptocurrency price prediction algorithm present a rather pessimistic outlook for Binance Coin (BNB) in the long term. Their analysis indicates that BNB could face significant challenges, potentially plummeting to $175.015 by 2024. Additionally, their 5-year forecast paints a grim picture, hinting that BNB may struggle to surpass even $37.

Coincodex Binance Coin (BNB) Price Prediction

According to Coincodex’s predictions, Binance Coin (BNB) is expected to experience various price movements over different timeframes. In the short term, the 5-day forecast suggests a modest uptick, with BNB reaching $239.91. Over the course of a month, the prediction indicates relative stability, projecting a price of $508.82. Moving into the mid-term, the 3-month forecast anticipates a notable increase in market price, reaching $678.93. Extending to a 6-month timeframe, the prognosis expects BNB to climb to $707.52. However, in the longer term, the 1-year price prediction paints a somewhat less optimistic picture, with a projected 1.36% decrease in BNB’s price to $679.90.

Binance Coin Price Prediction by Technewsleader

Technewleader’s forecast presents an optimistic outlook for the Binance Coin (BNB) cryptocurrency, indicating substantial growth in the upcoming years. In 2023, they project a maximum price of $311.45, with an anticipated price range of $396.17 to $483.46 in 2024. Moving forward to 2025, the minimum trading price of BNB is predicted to be $597.96, while the maximum price is expected to reach $702.41. If this upward trajectory continues, Technewleader’s forecast suggests that BNB’s maximum trading price could experience a significant surge to $3,007.61 by 2029. In 2032, BNB’s price might fluctuate within the range of $8,606.21 to $9,872.05.

Binance Coin Price Predictions by Industry Influencers

In a recent interview on X (formerly Twitter), CZ Binance provided answers to an array of questions around Binance’s developments and recent FUD.

Some persist in comparing Binance to FTX, but we’ve consistently shown that we’re different. Binance operates with a straightforward, debt-free capital structure, without loans or cross-collateralization. We prioritize user asset security, ensuring there’s no mingling of user funds. FUD accusations provide opportunities to clarify these distinctions. Binance has successfully withstood background checks and stress tests, reinforcing our reliability.

CZ Binance

CZ Binance acknowledged concerns about regulatory and media scrutiny potentially weakening Binance. However, he asserted that their market leadership with over 150 million users remains strong. He argued that this scrutiny has, in fact, bolstered their business. Over the past two years, Binance has invested significantly in compliance, talent, processes, and technology, making them a more resilient and compliant company today.

  • BNB Opinion by More Crypto Online

The analyst discusses the current weakness in BNB and predicts a potential move to the range between $184 and $200. He mentioned that the $223 level is crucial resistance and that a break above it could change the overall trend.

Binance Coin Overview

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.

Screenshot 1195
BNB Market Performance

BUSD and Binance-Peg BUSD is available on multiple blockchains, including Ethereum, BNB Smart Chain, and BNB Beacon Chain. Now Binance-Peg is also available on Avalanche and Polygon. Binance-Peg BUSD support on Avalanche and Polygon provides traders with a fast and safe way to transfer the USD-backed stablecoin across different platforms. All users are now able to explore the Avalanche and Polygon ecosystem with Binance-Peg BUSD more safely and efficiently. In the future, the Binance BUSD team is committed to bringing more use cases into its ecosystem. Follow BUSD updates on CoinMarketCap.

Screenshot 3085 1
Source: Binance

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.

The highest BNB price over the years. What’s up in 2022?
by u/Snoo_69263 in binance

More on the BNB Network

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 a total supply 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.

Screenshot 1728
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.

image 504
Binance Coin to Bitcoin Price Chart — TradingView

Learn More About Binance NFT Marketplace

  • How to Find Your NFT Contract Address
  • How to Get Started with the Binance NFT Marketplace
  • How to Buy an NFT on Binance NFT Marketplace
  • How to Sell an NFT on Binance NFT Marketplace
  • How to Deposit NFT on Binance
  • Find Out More About NFT Mystery Box Collection

Also Read:

  • Binance Coin price analysis: BNB falls to $270 as selling pressure increases
  • Bitcoin, Binance Coin, Stellar, and Chiliz Daily Price Analyses – 20 November Morning Prediction
  • Amid market chaos, Binance obtains license for Web3 and crypto custody in Abu Dhabi

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.

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. Despite the current market downturn, 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.

If the market stabilizes and 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, Paysenger, Mean Finance, Buff Network, Weave6, MIM, and Hinkal, among others, are some of the latest projects coming to the BNB chain. 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 Binance coin market with the utmost caution.

Leave A Reply

Your email address will not be published.