Binance Coin (BNB) Price Prediction for 2020, 2022, 2025
Since Binance is one of the largest exchange platforms around, it’s not surprising that its new cryptocurrency Binance Coin has become one of the most highly capitalized digital assets. It is widely used for trading, long-term crypto storage, and exchange operation. If you consider investing in this coin, you should be aware of Binance coin price prediction it will help you make an informed decision. Our guide is here to help you understand what to expect from the cryptocurrency in 2020 and the following years.
Before we dive into BNB price prediction, let’s reveal the basics of the cryptocurrency.
What is Binance Coin?
|Cryptocurrency Name||Binance Coin|
|Protocol||Secured by underlying Protocol (Parent Chain)|
|ROI Since Launch||Over 9,000%|
|Launch Date||July 25, 2017|
BNB is a coin originally based on Ethereum blockchain. By using it, you can take advantage of discounts when paying for the services of the Binance crypto exchange. Initially, the coins should only be used to pay for transactions performed inside the Binance crypto exchange. For example, owners of BNB crypto coins can purchase more than 100 other digital currencies on Binance.
Having at their disposal these altcoins, platform uses can significantly save on exchange fees. If you have BNB on your balance, you can make a purchase and sale of cryptocurrency on the Binance crypto exchange with a fee reduced to 0.05% (instead of the regular commission of 0.1%). Since Binance is a decentralized exchange of blockchain assets, users who own BNB cryptocurrency on their accounts can take advantage of other innovative features.
The goal set by the developers of Binance Coin is to create an effective “fuel” to fuel the cryptocurrency exchange. We can say that it, in comparison with the goals of the creators of other coins included in the TOP-20, is quite unpretentious and insignificant. The difference is especially noticeable when comparing BNB with cryptocurrencies of the large-scale EOS project, the developers of which were thinking about creating the “Global operating system,” or with the digital currency IOTA, designed for mutual settlements of hundreds of billions of devices in the Internet of Things ecosystem.
Advantages of Binance coin
Digital currency Binance Coin is not in vain called one of the most promising cryptocurrencies. This has every reason since Binance Coin has very important advantages over other electronic coins:
- Affiliate program. Anyone who wants to increase their income can do this by starting cooperation with the company. It is rare to find resources offering a similar opportunity;
- Significant liquidity. The electronic currency in question today is paired with a large number (more than 400) cryptocurrencies, which is why it belongs to the most liquid cryptocurrencies. Due to the fact that the Binance exchange works with many crypto coins from Asia, which are difficult to find on most well-known sites, it has an additional advantage over competitors;
- A decrease in supply (the “burning” of coins considered in the previous sections every three months) has a positive effect on increasing the value of BNB in the long term;
- Binance offers an efficient payment processing engine. From how fast the engine of a resource works, its profitability completely depends. For example, with the current popularity of BTC and many altcoins, most crypto exchanges process millions of different requests in one minute. This leads to dangerous business delays in making payments. As for Binance, approximately 1,400,000 operations per second can be processed here. Such an indicator is unique and characteristic only for this platform;
- The ability to pay Binance Coin for services. At the end of 2018, a message appeared on the Uyunans blog that this cryptocurrency was already accepted on 150 trading floors. Their number has continued to grow since then.
Short-term BNB price prediction options
We will start our Binance coin forecast series with the opinions of TradingView users: they quickly react to the changes in the crypto market and come up with relevant BNB prediction options.
According to alanmasters’ BNB price prediction, BNB is gaining momentum and needs to pass the resistance. There are several values that should be taken into account:
- Current action. Prices trading above EMA200 after EMA100 and MA200 were easily conquered on increasing volume.
- MACD and RSI. Both indicators are looking strongly bullish right now.
- Altcoins. If Binance Coin starts to grow, the other Binance Altcoins are very likely to follow
User MarketMinds also claims that BNB/BTC just reverted on important support level and after a few days of accumulation we break in the uptrend side, but now we are close to one important Resistance line and is time to watch the price reaction to this long term resistance line, we only enter long if we break this resistance and start to accumulate above or make a pullback to this line.
User Wositooo gives Binance coin price prediction of 13% profit in the short term. He claims that BNB printed a bullish set up after they announced a new IEO. The previous resistance turned into support hold again. BNB is looking for the retest of that trendline as the first target
BNB price prediction 2020
Now let’s check the Binance coin prediction provided by websites using technical analysis:
- According to WalletInvestor, in 2020, BNB will be $24.1.
- TradingBeasts’ Binance coin price prediction 2020 implies growing of the asset up to $19.55.
- CryptofGround website provides a less optimistic forecast: according to it, the BNB price will fall to $6.4202 before starting to rise again.
- DigitalCoinPrice website claims that BNB crypto prediction 2020 is $30.7, which means doubling of the cost.
- Coin Fan forecast is very bullish and optimistic: the website provides the $390.815 forecast by the end of 2020.
- Basing on the above-mentioned numbers, CoinSwitch gives another Binance coin price prediction: it may reach $35 by the end of 2020.
Our forecast is somewhere in the middle: Binance Coin has all chances to hit $20 in 2020, but further growth will depend on the overall cryptocurrency market state.
Long-term BNB price prediction
When it comes to making longer-term price predictions, it’s much harder because cryptocurrency price depends on many factors – some of them are impossible to foresee.
- According to WalletInvestor, in 2021, BNB will reach $50, in 2022 – $62, in 2023 – $73 and in 2024 – $85.
- CapitanAltcoin’s Binance coin price prediction is $30 by 2023, and in 2025, it will cost $150+ per coin – this is x10 times higher than now. The same applies to its price in 2030.
- CoinSwitch provides another forecast: by 2023, the BNB price should stand at $89.7.
- According to TradingBeasts, in 2021, BNB will go down from $15 to $12. In 2022, the price will start climbing again, staying in the range from $11 to $17 by the end of the year.
- DigitalCoin’s BNB price prediction is $35 by 2021, $26 by 2023, $43 in 2024, and $33 in 2025.
A few more predictions can be found on WalletInvestor website:
Hopefully, these predictions will help you make an informed decision and trade BNB with maximum profit. Remember that you can always buy and store this cryptocurrency with the help of Robopay service.