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Binance coin price prediction 2024-2030: Is BNB ready for the bull run?

Key takeaways:

  • Binance coin price prediction for 2024 indicates that the coin’s price could reach a maximum price of $788.
  • The Binance coin price prediction for 2027 projects a maximum price of $2,633 and a minimum price of $2,151.
  • By 2030, BNB’s price could surge to $7,863 with broader acceptance in mainstream finance.

After notable changes in its executive team, Binance has shown resilience and prospects for recovery. The departure of Changpeng Zhao, Binance’s CEO, who was also embroiled in legal challenges, initially caused a decline in the value of Binance coin (BNB). Despite this initial setback, the cryptocurrency has shown a positive trend.

What next for BNB in the remainder of 2024 and beyond? Let’s get into the BNB price prediction and technical analysis.

Overview

CryptocurrencyBinance coin
TokenBNB
Price$598.7
Market Cap$86,771,325,536
Trading Volume$2,037,579,739
Circulating Supply145,938,007 BNB
All-time High$717.48 June 06, 2024
All-time Low$0.09611 Oct 19, 2017
24-h High$605.19
24-h Low$583.54

Binance coin price prediction: Technical analysis

MetricValue
Price Prediction$788
Volatility6.64%
50-Day SMA$ 605.66
14-Day RSI45.68
SentimentBullish
Fear & Greed Index53 (Neutral)
Green Days17/30 (57%)
200-Day SMA$ 473.00

Binance coin price analysis: Coin value deteriorates to $599 amidst a slump

TL;DR Breakdown

  • Binance Coin price analysis confirms a downtrend. 
  • The coin value has decreased to $598.7.
  • Stable support is being provided at $478.7.

The latest price analysis for July 22, 2024, predicts a bearish scenario regarding the ongoing market events. The price movement remained bearish during the day due to rising pressure from sellers. In the past 24 hours, the cryptocurrency fell to $598.7.

BNB price analysis on the daily timeframe: Declining trend continues as BNB descends to $599

The bears are in the lead as per the daily price prediction for Binance Coin. The past few weeks supported bullish progression, as a strong upswing was recorded. However, today, the Bears have made a successful attempt at victory. The coin value has fallen to $598.7 because of the decreasing trend during the day. On the opposite side, the moving average (MA) indicator shows a major hike in its value. The indicator’s value has reached the $581.9 because of the intense bullish activity in the past week.

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

The one-day price chart dictates rising volatility, which signals a major shift in market events soon. If we discuss the Bollinger bands indicator, its upper value has shifted to $618.1 because of the changing volatility. The lower value of the Bollinger bands indicator is at $478.7, confirming the stable support. The Relative Strength Index (RSI) indicator signals the latest changes in price movements. Its value has thus sunk to 59.95 today because of the bearish strike.

BNB price forecast on the 4-hour chart: BNB sinks to a $598 margin amidst the downturn

The hourly price analysis for the cryptocurrency presents a highly bearish scenario. The bulls remained dominant in the earlier hours, but currently, the bears are in the lead. In the past four hours, the coin’s value has fallen to $598.7 due to the bearish takeover. Moreover, the moving average indicator shows a massive improvement in its overall value. Its value has ascended to $598 because of the upside this week.

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

Volatility is declining again, which means the current trends might follow in the next few hours. As a result of the recent shift in volatility, the upper end of the Bollinger bands indicator has switched to $606.4. Moreover, the lower extreme has moved to $582.8, securing stable support. The RSI graph displays a steep, bearish slope because of the recent downturn. Its overall value has been reduced to 60.07, which is still quite close to the overbought region.

BNB technical indicators: Levels and action

Daily simple moving average (SMA)

PeriodValueAction
SMA 3$ 575.73BUY
SMA 5$ 574.03BUY
SMA 10$ 581.78SELL
SMA 21$ 600.60SELL
SMA 50$ 605.66SELL
SMA 100$ 593.59SELL
SMA 200$ 473.00BUY

Daily exponential moving average (EMA)

PeriodValueAction
EMA 3$ 575.87BUY
EMA 5$ 577.13BUY
EMA 10$ 583.41SELL
EMA 21$ 595.57SELL
EMA 50$ 598.52SELL
EMA 100$ 568.84BUY
EMA 200$ 496.59BUY

What to expect from Binance coin price analysis

A substantial bearish turn has been observed over the past 24 hours. This threatens the cryptocurrency buyers, as their lead has now been suspended. The coin value has deteriorated to $598.7, as the selling momentum remained high today. Moreover, the four-hour price analysis also confirms a bearish scenario for the cryptocurrency. Considering the latest bearish crash, the bears have remained dominant throughout the past four hours.

Is BNB a good investment?

Considering the recent price moves, purchasing Binance coin to hold them for an extended period could yield significant returns. From a five-year plan standpoint, cryptocurrency is projected to see a large increase, possibly crossing above $9000 in 2030. However, financial choices shouldn’t be made exclusively based on our data.

Why is BNB down?

BNB’s price dropped by 0.01 percent over the last 24 hours, above the support available at $478.7. The sellers have stepped in to sell the assets, although the support floor at that level seems stable, as the bears bounced back in the past few hours.

Will BNB reach $700?

Most crypto analysts, including Wallet Investor and Coincodex, are bullish on BNB. We expect its price to cross the $700 mark by the end of 2024.

Will BNB reach $2000?

Currently, BNB is feeling pressure from legal challenges around its ecosystem. However, as these issues are settled by next year, the coin’s price is expected to start a bull run. BNB will reach nearly $2000 by the end of 2026 and surpass this mark at the start of 2027.

Will BNB reach $3000?

Binance allows users to save up to 25% on spot margin trading fees by using BNB. Another additional factor is that users can save up to 10% on future trading expenditures with the token, which makes it a primary choice. Binance also uses a significant portion of its earnings to buy back BNB. The burning process also decreases the token supply and increases demand, which is expected to increase in value above $3000 in 2028.

Does BNB have a good long-term future?

All cryptocurrencies involve risks and uncertainties. However, BNB has a strong market position and a management team that runs the world’s largest cryptocurrency exchange. BNB has the potential for increased utility and is expected to retain a strong position in the cryptocurrency sphere. Holding it for the long haul is a good option, with tenfold expected returns in five years and the price reaching $7000 by 2030. 

Recent news/opinion on BNB

  • On June 28, the court ruled out the US Securities and Exchange Commission’s (SEC) claim that Binance is illegally traded on secondary markets. However, the court said that claims related to Binance’s staking program and anti-fraud violations will proceed.
  • Binance will implement new restrictions on unauthorized stable coins in Europe. Trading services, such as Spot Trading, Wallet Services, etc., are regulated to promote stability.

BNB price predictions for July 2024

In July 2024, Binance coin could reach a maximum price of $650. The average trading price is expected to be $600 for the month, while the lowest it can go, according to the analysis, is $535.

PeriodPotential Low Potential AveragePotential High
Binance coin prediction July 2024$ 535$600$650

BNB price prediction 2024

According to the Binance coin price prediction, BNB might reach a minimum price of $684. The maximum price can reach $788, with an average trading price of about $707.

PeriodPotential LowPotential AveragePotential High
Binance coin prediction 2024$684$707$788

BNB price prediction 2025 – 2030

YearMinimum PriceAverage PriceMaximum Price
2025$1003$1038$1193
2026$1511$1553$1771
2027$2151$2213$2633
2028$3035$3124$3640
2029$4548$4673$5258
2030$6281$6467$7863

BNB price prediction 2025

Binance coin (BNB) could reach a maximum price of $1,193 in 2025, with an average value of $1,038 and a minimum of $1,003.

BNB price prediction 2026

In 2026, BNB may scale to a maximum of $1,771, with an average price of $1553 and a minimum of $1511.

BNB price prediction 2027

For 2027, BNB could achieve a maximum valuation of $2633, with an average trading price of $2213 and a minimum of $2633.

BNB price prediction 2028

In 2028, BNB is projected to have a maximum price of $3640, an average price of $3124, and a minimum value of $3035.

BNB price prediction 2029

By 2029, BNB could reach a maximum of $5258, with an average trading price of $4673 and a minimum of $4548.

BNB price prediction 2030

In 2030, BNB may attain a maximum valuation of $7863, with an average price of $6467and a minimum of $6281.

BNB price prediction 2024-2030

BNB market price prediction: Analysts’ BNB price forecast

Firm Name20242025
Wallet Investor$713.69$1023
Coincodex$ 1,022.45$ 1,022.45
CoinGecko$1,292.45$1,493.16

Cryptopolitan’s Binance coin price forecast

Our forecast shows that Binance coin will achieve a high price of $788 near the end of 2024. In 2025, BNB price will range between $1003 and $1193. In 2030, it will range between $6281 and $7863, with an average of $6467. It is important to consider that the predictions are not investment advice. Professional consultation is suggested, or you can carry out your own research.

BNB historic price sentiment

  • Binance coin (BNB) was launched in July 2017 through an Initial Coin Offering (ICO), with an initial price of around $0.10 according to historical data of the crypto market. As a utility token for the Binance cryptocurrency exchange, it offered users reduced trading fees.
  • In late 2017, BNB’s price saw a significant increase, and reached its first major peak in January 2018, hitting approximately $24. However, it experienced a decline following the broader market correction.
BNB/USD historical price chart. Source: Tradingview.
  • Throughout 2018 and 2019, BNB’s price experienced gradual growth as the BNB market soared. In 2018 BNB traded near $13 for most of the year but stepped down to $5 level by December. However, BNB reached above $30 in June 2019.
  • Despite the global economic uncertainty due to the COVID-19 pandemic, BNB maintained relative stability and saw an upward trend in 2020. Due to the growing popularity of Binance as an exchange and the expansion of its ecosystem the coin touched the $34 range in November 2020.
  • BNB experienced a significant bull run in early 2021, reaching a high above $600 in May 2021. This remained an all-time high for BNB until recently.
  • Binance Coin’s price dynamics in 2022 were characterized by volatility and were influenced by a combination of macroeconomic factors and regulatory developments which led to a bearish scenario – that took BNB to less than $220 in June, and an average price of $250 in December.
  • BNB continued to be a significant player in the cryptocurrency market in 2023, recovering to about $350 in April, but soon lost momentum, reaching about $205 in October. In late December BNB climbed back to about $325.
  • Binance coin price at the start of 2024 was near $300 and it reached $425 at the start of March. By the end of March, the coin reached $600 in a bull run and peaked at an all-time high of $717.48 on June 6. The coin is currently trading around the $577 – $588 range on July 1.

FAQs

Is Binance coin a good investment?

As one of the fastest-growing cryptocurrencies, Binance Coin has a large following of market enthusiasts who are confident in the coin's future. Not to mention, it is the coin that powers Binance, the world's largest crypto exchange. So, BNB could be a profitable investment based on its past price data.

Where to buy Binance coin (BNB)

Binance coin (BNB) is listed on several exchanges including Binance, FTX, KuCoin, Gate.io, Binance.US, and Huobi Global.

How do I deposit BNB?

The moment you activate the dropdown menu, you should see your profile, click on “Deposit,” and you will be directed to the deposit page. Once you get to the deposit page, you will select which coin you want to deposit. Binance supports the deposit of over 150 cryptocurrencies.

However, you will see a “Wallets” button at the bottom of your screen after logging in on mobile. Click it, and it directs you to your wallets page, then selects deposit and after you are redirected to the deposit page, you choose or search for the coin you want to deposit. You then follow the steps you are directed to follow, and your coin should be deposited.

Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

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