Binance Coin (BNB) Price Prediction: 2024, 2025, 2026-2030 • Benzinga (2024)

Analysts are saying that BNB could hit $1,600 by 2025. Feeling bullish about Binance Coin already?? You can buy BNB on Binance or Binance.US.

Over the past seven years, Binance has evolved from a small startup into the largest cryptocurrency exchange in the world. Along the way, it has created a handful of new products that complement the chain, notably Binance Coin (BNB) and Binance Smart Chain (BSC). These offerings, combined with trading volumes, have helped Binance become one of the top firms in the crypto space.

Binance Coin (BNB) Price Prediction Table

Here is a table with price predictions for Binance Coin (BNB) for the years 2024-2030, 2040 and 2050.

What Is Binance Coin (BNB)?

Binance Coin is used to power the Binance exchange. It primarily serves as a way to convert between cryptocurrencies. Users can trade hundreds of tokens in pairs with the BNB token. Additionally, the token can be used to pay lower fees, loans, payments and travel arrangements. It launched on the Ethereum chain in 2017, but once the Binance Smart Chain was created, the token was moved over and currently trades on BSC.

Binance also uses one-fifth of profits each quarter to buy back BNB tokens and burn them. This can put upward pressure on the price and can mean that BNB’s performance is correlated with the performance of Binance as a whole.

Will BNB Go Past All-Time Highs?

BNB has reach a new all-time high last Jun. 6, 2024 when it went as high as $720.67. BNB’s previous high of over $690 was set in May 2021. The token has performed well year to date but has lost around 30% of its value since its ATH. While it's certainly possible for BNB to reach another ATH in the future, investors should be cautious and consider the various factors that could influence the timeline for this milestone. Additionally, BNB has largely benefited from a handful of new meme coins that have taken off in popularity. If new meme coins continue to show up and Binance continues offering them, there is room for BNB to continue going up.

BNB Price History and Market Position

BNB currently trades for around $505.29, which equates to a market capitalization of over $73 billion. It is up over 7% in the past 24 hours and over 104% in the past 12 months. During highs set last June, the market capitalization went over $100 billion. Some of the largest competitors are Coinbase and Bybit.

Altcoin Sherpa’s Bullish Long-Term Price Prediction for BNB

Altcoin Sherpa is a well-known crypto commentator on social media. He believes that BNB can easily break ATHs in the coming months, primarily because of past trading patterns and fundamentals as well as increased trading volumes in 2024.

W.E. Messamore’s Bearish Long-Term Price Prediction for BNB

W.E. Messamore writes for CryptoPotato and has some bearish views on the future of BNB. His main concern revolves around regulation, as BNB has not succeeded in being listed on any U.S. exchanges other than Binance.US, and the possibility of BNB being considered a security by the Securities and Exchange Commission (SEC).

2024 Binance Coin (BNB) Price Prediction

Changelly predicts that Binance will grow slightly in 2024, reaching a maximum price of $589.24. Cryptonews thinks that BNB can surpass $700 in 2024.

2025 Binance Coin (BNB) Price Prediction

Coin Edition sees BNB going as high as $1,600 in 2025, while Changelly predicts an average price of $876.32. AMBCrypo has a more bullish Binance Coin price prediction seeing the token to hit a high $2525.76 in 2025.

2030 Binance Coin (BNB) Price Prediction

2030 sees a large divergence between projections. Cryptonews predicts a maximum price of $15,944.73, while Changelly only predicts a high of $6,596.CoinCodex predicts BNB could trade between $1,058.60 and $1,574.64 in 2030.

2050 Binance Coin (BNB) Price Prediction

2050 has the largest disparity between predictions, with Changelly predicting an average price of nearly $251,275, while Coin Edition sees a maximum price of $7,500.

Where to Buy Binance Coin (BNB)

The easiest place to buy BNB is directly on the Binance exchange. This will give you the greatest usability and lowest fees for your purchase. However, if you do not want to use Binance, the token is also available on other trading platforms, such as HTX and Gate.io.

Where to Store Binance Coin (BNB) Safely

Cryptocurrency wallets allow you to control your crypto and interact with decentralized finance (DeFi) applications. Hardware wallets are physical devices that must sign off on all transactions and are generally considered to be the safest way to use crypto. Software wallets allow you to access DeFi but may not be as safe.

• Best hardware wallet: Ledger offers multiple hardware wallets for all types of crypto users.
• Best software wallet: Trust wallet is Binance’s internally developed wallet and allows for the greatest integration and usability of BNB.

Is Binance Coin a Good Investment?

While BNB has performed very well, there have been some issues with former CEO Changpeng Zhao, who was arrested on money laundering and fraud charges in late 2023. These issues caused Binance to incur huge fines and could negatively affect operations. However, the new CEO has allowed trading to continue smoothly, which could signal the potential for more growth in the future.

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