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Binance Coin Price Prediction 2024-2033: Is BNB Ready for the Bull Run?

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Binance Coin Price Prediction 2024-2033

After notable changes in its executive team, Binance has shown notable 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. Presently, BNB is trading at $317.6, reflecting a modest rise of 7.01% in the past month. What next for BNB in 2024? Let’s get into the details.

How much is BNB worth?

The current Binance coin price is $355.75 with a 24-hour trading volume of $1,361,127,768. BNB is up 1.18% in the last 24 hours. The current CoinMarketCap ranking is #4, with a live market cap of $53,237,739,040. It has a circulating supply of 149,543,987 BNB coins and the max. supply is not available.

Binance Coin Price Analysis: BNB value hits $358.8 hurdle amidst turnover

TL;DR Breakdown

  • Binance Coin price analysis confirms an uptrend.
  • Coin value has increased up to $358.8.
  • Strong support is being provided at $283.3.

The latest one-day and four-hour Binance Coin price analysis for 20 February 2024 predicts signs of a bullish trend. The past weeks have proved highly supportive for bullish progression, and today a further upturn was recorded. In the past 24-hours, the bulls have regained their momentum, as the BNB/USD value has recovered up to $358.8.

BNB price analysis on a daily timeframe: Bullish swing intensifies growth above $358.8

The latest one-day Binance Coin price analysis gives out a highly bullish scenario regarding the ongoing market events. Although the bears remained dominant earlier, currently the bulls are on the lead. The price has been following an ascending path since the past 24-hours, as the coin value has hiked past $358 high. Moreover, its Moving Average (MA) value has stepped up to $346.2 amidst the growing bullish swing.

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

The volatility seems to be on the rise which is a bearish signal regarding the coming days. As the volatility is shifting, the upper and lower values of the Bollinger bands indicator have changed as well. Currently, the upper end of the Bollinger bands indicator is at $368.7, whereas its lower end is at $283.3. The Relative Strength Index (RSI) indicator confirms the rapid upturn as its overall value has spiked up to 71.28 i.e. beyond the overbought limit. 

BNB price analysis on the 4-hour chart: Bullish sweep continues after surpassing $359.1

The latest four-hour Binance Coin price analysis confirms an aggravating uptrend for now. The buying activity has been intensifying since the past few hours on a quite persistent level. In the past four hours, a further rise in upward momentum was recorded as the BNB/USD value zoomed past $359. Moreover, the Moving Average value has stepped up to $357.1 because of the continual bullish tide.

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

The volatility is declining, it is expected that the coming hours might prove favorable for the bulls. As a consequence, the upper value of the Bollinger bands indicator is now $358.6 whereas its lower value is at $349.1. The RSI graph displays a sharp bullish curve and its overall value has stepped up to 62.78.

What to expect from Binance Coin price analysis

The latest one-day Binance Coin price analysis depicts an intensifying uptrend for the day. The bulls remained on the leading edge since yesterday, and the coin value has sought rapid recovery above $358.8 hill today. Side by side, the four-hour price analysis confirms signs of a rapid upturn because of the growing bullish momentum as well.

Recent News/Opinion on BNB

AltLayer Launch: Decentralized Rollup & Staking on Binance.

A decentralized protocol for rollups, AltLayer (ALT) supports native and restaked Rollups, including Optimistic and ZK Rollup Stacks. Users can farm ALT tokens by staking BNB and FDUSD in separate pools until January 24, 2024. ALT is set to be listed on Binance on January 25, 2024, with various trading pairs. The ALT token, with a maximum supply of 10 billion, serves as an economic bond, enables governance voting, and incentivizes protocol operators. AltLayer enhances security and decentralization through its innovative Restaked Rollups concept, offering unique opportunities for farming and staking on the Binance Launchpool platform.

Binance Boosts BNB Presence with Expanded Margin Trading Options.

In its recent update, Binance, the world’s leading cryptocurrency exchange, has rolled out new margin trading pairs for popular assets like Solana (SOL), NFPrompt (NFP), and Enzyme (MLN). Notably, the focus on Binance Coin (BNB) is evident with the introduction of BNB/USDC pairs on both cross and isolated margins. The move aims to enrich the trading experience, offering users greater portfolio diversification and increased flexibility in trading strategies. Alongside these developments, Binance has also launched USDC-margined perpetual contracts for various cryptocurrencies and updated its Coin-Margined Futures Liquidity Provider Program. As of the latest market update, SOL has seen a 6% decline, trading at $107.91, while BNB remains stable at $318, and SEI has experienced a 3% decrease to $0.731 after a recent 60% rally.

Binance and CEO CZ Fined $2.7 Billion in CFTC Verdict for Money Laundering Charges.

The US Commodity Futures Trading Commission (CFTC) has imposed fines of $2.7 billion on Binance, the world’s largest cryptocurrency exchange, and $150 million on its former CEO, Changpeng Zhao (CZ). The penalties stem from allegations of violating US anti-money laundering and sanctions laws, with Binance accused of facilitating over 100,000 suspicious transactions, including those linked to terrorist groups and illegal content. CZ stepped down as CEO in November, pleading guilty to anti-money laundering law violations. The fines highlight regulators’ efforts to enforce anti-money laundering regulations in the cryptocurrency sector, as Binance aims to rebuild trust under new leadership led by CEO Richard Teng.

Judge Rules Binance Founder Must Stay in U.S. for Sentencing.

A federal judge in Seattle has ruled that Changpeng Zhao, founder of Binance, must remain in the U.S. pending sentencing for money laundering charges. The decision overturned a previous ruling allowing Zhao to return to the UAE. The judge expressed concerns about Zhao being a flight risk despite a substantial bond, citing the belief that his vast wealth, mostly held overseas, might incentivize him to forfeit the bond for freedom. The case involves allegations of Binance ignoring criminal transactions, resulting in one of the largest corporate fines in U.S. history. Zhao faces a maximum of 18 months in prison, and both Binance and Zhao have agreed to substantial settlements.

BNB Price Predictions 2024-2033

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 2024 to 2033 may hold for BNB and gain valuable insights into its potential price movements.

YearMinimum Price ($)Average Price ($)Maximum Price ($)
2024443.23459.36511.62
2025644.43667.40776.71
2026899.36932.731,107.00
20271,305.001,342.001,593.00
20281,980.002,047.002,268.00
20292,864.002,946.003,426.00
20304,134.004,281.004,915.00
20316,006.006,220.007,135.00
20329,055.009,304.0010,547.00
203313,054.0013,519.0015,903.00

BNB Price Prediction 2024

Our Binance Coin (BNB) price prediction for 2024 anticipates that the asset could reach a maximum price of $511.62 by the end of December. We expect an average trading price of $459.36 and a floor price of $443.23.

BNB Price Prediction 2025

Looking ahead to 2025, our price forecast for Binance Coin suggests that the cryptocurrency could reach a maximum price of $776.71. Our estimations also propose an average value of $667.40 for BNB. In more conservative market conditions, the asset could still maintain a minimum price of about $644.43.

BNB Price Prediction 2026

With respect to our BNB price forecast for 2026, we posit that BNB could scale up to a maximum price of $1,107.00. Our model projects that the asset could still achieve a minimum price of $899.36, and an average price of $932.73.

BNB Price Prediction 2027

For the 2027 financial year, our Binance Coin price evaluation infers that BNB may reach a maximum valuation of $1,593.00. We expect an average trading price of approximately $1,342.00. The minimum price for the digital asset could be close to $1,305.00.

BNB Price Prediction 2028

Our Binance Coin price prediction for 2028, suggests that the ongoing growth of the Binance ecosystem will contribute significantly to BNB’s future price action. Our projections foresee a maximum price of $2,268.00, an average price of $2,047.00, and a minimum trading value of $1,980.00.

BNB Price Prediction 2029

For the year 2029, our Binance Coin price analysis predicts a sustained upward trajectory for the asset, potentially reaching a maximum price of $3,426.00. We also forecast an average trading price of about $2,946.00, and a minimum price of $2,864.00.

BNB Price Prediction 2030

According to our Binance Coin price prediction for 2030, BNB could attain a maximum market valuation of $4,915.00. In addition, our forecasts suggest an average market price of $4,281.00 and a minimum price of $4,134.00.

BNB Price Prediction 2031

Based on the Binance Coin price prediction for 2031, our analysis indicates that BNB could achieve a maximum market value of $7,135.00. The average projected price could be around $6,220.00, while the floor price might be approximately $6,006.00.

BNB Price Prediction 2032

Per our Binance Coin price prediction for 2032, we anticipate the possibility of BNB achieving a maximum price of $10,547.00. We predict a minimum price of $9,055.00 and an average price of $9,304.00.

BNB Price Prediction 2033

According to our Binance Coin price projection for 2033, BNB may touch a peak value of $15,903.00. Our prediction suggests an average trading value of $13,519.00, with a potential minimum price of $13,054.00.

BNB Price Prediction by Wallet Investor

Wallet Investor’s analysis presents a pessimistic outlook for Binance Coin (BNB), predicting a drop to $284.241 by 2025. Their price forecast for 2028 suggests a 30.88% reduction in BNB’s value.

Coincodex Binance Coin (BNB) Price Prediction 

Coincodex’s 5-day forecast shows a slight rise to $352.19, while a month later, it’s expected to rise to $488.89. In 3 and 6 months, projections are for BNB to hit $866.14 and $599.76, respectively. Their 1-year outlook suggests a peak value of $989.08 for BNB.

BNB Price Prediction by Technewsleader

Technewleader’s analysis projects significant growth for Binance Coin (BNB) in the coming years. They predict BNB will reach up to $512.45 in 2024, and in 2025, it’s expected to trade between $613.11 and $763.90. The forecast for 2027 shows a minimum price of $1,233 and a potential high of $1,537. For 2030, they suggest a dramatic increase, with BNB possibly hitting $4,344. By 2033, the price is anticipated to oscillate between $11,184 and $13,009.

BNB Price Predictions by Industry Influencers

World War Bitcoin, utilizing a data-driven approach to predict Binance’s future price, suggests a potential market cap of $255 billion, leading to a BNB price of around $1,822.74 by January 1, 2025. This analysis is based on a ‘normal’ bull market scenario and a supply of 140 million coins. A second scenario provided by the analyst considers Binance’s market cap dominance reaching 4.18% of a $7 trillion total market, resulting in a BNB price of approximately $2,090.

BNB Overview

Popularity#4Market Cap$47,470,827,649 
Price Change (24 hours) -1.51%Trading Volume (24 hours)$735,309,465
Price Change (7 days) 4.48%Circulating Supply149,545,260 BNB
All-time low (Aug, 2017)$0.09611All-time high (Oct, 2017)$690.93
Price from ATL+329954.81%Price from ATH-54.09%

BNB Price History

Binance Coin (BNB) was launched in July 2017 through an Initial Coin Offering (ICO), with an initial price of around $0.10. 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, aligning with the overall cryptocurrency market boom, and reached its first major peak in January 2018, hitting approximately $24. However, it experienced a decline following the broader market correction.

Throughout 2018 and 2019, BNB’s price experienced gradual growth. A key development during this period was the launch of Binance Chain in April 2019, which introduced Binance DEX, a decentralized exchange. This led to BNB reaching new highs, going 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. This was partly due to the growing popularity of Binance as an exchange and the expansion of its ecosystem.

BNB experienced a significant bull run in early 2021, reaching an all-time high above $600 in May 2021. This surge was attributed to the overall bullish cryptocurrency market, the growth of decentralized finance (DeFi), and Binance Smart Chain’s increasing popularity. Binance Coin’s price dynamics in 2022 were characterized by volatility and were influenced by a combination of macroeconomic factor 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, mostly influenced by the prolonged crypto winter. The bulls got back into the market in late December and BNB climbed back to about $325. At the time of writing (February 12, 2024), Binance coin is trading at about $317.6.

More on the BNB Network

What is Binance Coin?

Binance Coin (BNB) is a digital currency issued by Binance, one of the world’s largest cryptocurrency exchanges. Initially launched as an ERC-20 token on the Ethereum blockchain, BNB was designed to offer reduced trading fees on the Binance platform. In 2019, BNB transitioned to Binance Chain, Binance’s own blockchain, enhancing transaction efficiency with faster speeds and lower costs. The Binance Chain operates using a Byzantine Fault Tolerance (BFT) consensus mechanism, facilitating high transaction throughput and low latency. BNB plays a central role in the Binance ecosystem, extending beyond fee reduction to include various applications in decentralized finance and other blockchain services.

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.

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.

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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Aamir Sheikh

Amir is a media, marketing and content professional working in the digital industry. A veteran in content production Amir is now an enthusiastic cryptocurrency proponent, analyst and writer.

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