Key takeaways:
- Binance coin price prediction for 2024 indicates that the coin’s price could reach a maximum price of $735.25.
- The Binance coin price prediction for 2027 projects a maximum price of $2,796 and a minimum price of $2,376.
- By 2030, BNB’s price could surge to $8,496 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? What can be the future price movements? Let’s get into the BNB price prediction and technical analysis.
Overview
| Cryptocurrency | Binance coin |
| Token | BNB |
| Price | $688 |
| Market Cap | $97.92B |
| Trading Volume | $3.39B |
| Circulating Supply | 144M BNB |
| All-time High | $788.84 Dec 04, 2024 |
| All-time Low | $0.09611 Oct 19, 2017 |
| 24-hour High | $731.07 |
| 24-hour Low | $662.24 |
Binance coin price prediction: Technical analysis
| Metric | Value |
| Price Prediction | $665 |
| Volatility | 4.73% |
| 50-Day SMA | $ 604.17 |
| 14-Day RSI | 62.27 |
| Sentiment | Bullish |
| Fear & Greed Index | 81 (Extreme Greed) |
| Green Days | 16/30 (53%) |
| 200-Day SMA | $ 573.48 |
Binance coin price analysis: Downward swing results in losses below $688
TL;DR Breakdown:
- Binance Coin price analysis confirmed a bearish trend at $688.
- Coin value has lost up to 5.13% of its value from its previous close.
- BNB coin prices are targeting the next resistance around the $762.7 high.
On December 10, 2024, Binance Coin price analysis confirmed a bearish market trend for the cryptocurrency. Coin value has dropped down to a $688 low in the past 24 hours. Side by side, the cryptocurrency lost up to 5.13 percent of its value as well. The past week proved highly detrimental for the cryptocurrency’s growth, as the bears remained dominant.
BNB/USDT price analysis on the daily timeframe
The one-day price chart of Binance Coin revealed a declining market trend. BNB/USD value fell to a $688 during the day. Moreover, the overall market trend remained on the negative end as well. As the volatility is declining, there are low chances of reversal in the market events.
The distance between the Bollinger bands determines market volatility. As this distance is converging, this refers to a declining market volatility. Moving on, the upper end of the Bollinger Bands indicator, serving as the resistance band, is at $762.7. Whereas, its lower end, acting as the support band, has moved to $589.8.
The Relative Strength Index (RSI) indicator is present within the neutral region. Its value has declined to 53.94 in the past 24 hours. The decreasing curve on the RSI graph signifies a bearish supremacy. The selling activities remained dominant over the buying activity during the day. This indicates a relatively unbalanced trading environment for the investors.
BNB price analysis on the 4-hour chart
The four-hour price analysis of Binance Coin revealed a decreasing market trend for the cryptocurrency. BNB/USD value has depreciated to a low of $687.9 over the past few hours. The red candlestick on the four-hour price chart indicates a downward momentum.
The Bollinger bands are expanding as volatility rises. This increasing volatility refers to a relatively higher market unpredictability during the coming hours. Moving on, the upper Bollinger band has shifted to a $774.9 high, indicating the resistance band. Conversely, the lower Bollinger band has risen to $677.6, securing the support point.
The RSI indicator lies close to the oversold region. Its value has dropped down to index 36.12 in the past four hours. The steep bearish slope indicates a rising selling pressure. Despite the bullish attempts for recovery, currently the market trend is on the bearish end. As the volatility is expanding rapidly, a reversal in the ongoing trends can be expected soon.
BNB technical indicators: Levels and action
Daily simple moving average (SMA)
| Period | Value | Action |
| SMA 3 | $ 635.54 | BUY |
| SMA 5 | $ 633.44 | BUY |
| SMA 10 | $ 635.23 | BUY |
| SMA 21 | $ 631.01 | BUY |
| SMA 50 | $ 604.17 | BUY |
| SMA 100 | $ 579.48 | BUY |
| SMA 200 | $ 573.48 | BUY |
Daily exponential moving average (EMA)
| Period | Value | Action |
| EMA 3 | $ 624.33 | BUY |
| EMA 5 | $ 614.71 | BUY |
| EMA 10 | $ 602.05 | BUY |
| EMA 21 | $ 589.38 | BUY |
| EMA 50 | $ 574.04 | BUY |
| EMA 100 | $ 564.53 | BUY |
| EMA 200 | $ 539.43 | BUY |
What to expect from Binance coin price analysis
Binance Coin price analysis gives out a bearish prediction regarding the ongoing market events. Coin value has dropped down to a $688 low over the last 24 hours. Side by side, the cryptocurrency lost a considerable 5.13 percent of its value during the day. The selling activities have been growing throughout the past week, resulting in a constant decline. Technical indicators are giving out a bullish signal, whereas the price charts present a bearish outlook for today.
Is BNB a good investment?
Considering the recent price moves, purchasing Binance coins to hold them for an extended period could yield significant returns. From a five-year plan standpoint, it 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 descended over the last 24 hours, above the support at $589.8. Sellers have recently stepped in to sell the assets; however, the support floor at that level seems stable, as bulls have dominated in the past weeks.
Will BNB reach $700?
Most crypto analysts, including Wallet Investor and Coincodex, are bullish on BNB. According to Binance coin price prediction, its price is expected to cross the $700 mark by the end of 2024, which would be quite higher than the current Binance coin price.
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. As per Binance coin price prediction, 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, according to Binance coin price prediction.
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. Binance coin price prediction suggests that 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
- BNB suddenly surges to $742
BNB’s surge began after Binance co-founder Changpeng Zhao, popularly known as ‘CZ,’ shared a tweet on December 3 hinting at the onset of ‘altseason’—a phase where altcoins typically outpace Bitcoin in percentage growth. Binance attributed the gains to CZ’s ‘magic operation,’ referencing a large-scale buyback program and new developments within the Binance ecosystem. Various analysts remain optimistic about BNB, crediting its rise to positive market sentiment and overall growth in the cryptocurrency market.
- Binance Faces Whistleblower Lawsuit from Ex-Executive in UK
Amrita Srivastava, a former executive at Binance, is suing the firm in the UK, alleging she was fired after disclosing a colleague had accepted a bribe from a customer to expedite their integration. Binance disputes her allegations, stating that the bribery issue was previously being looked into internally and that her termination was the result of subpar work. Read more about it here.
- CZ Binance makes public appearance in Dubai after serving prison term
Binance founder and former CEO Changpeng Zhao, known widely as CZ made a public appearance after completing a prison term, CZ took the stage again at Dubai Binance Blockchain Week, claiming that he is not barred from Binance. He did not dispute his plea deal because of legal limits, but he did characterize prison as limiting. CZ is concentrating on his new venture, Giggle Academy, which aims to educate underprivileged communities, while also making investments in blockchain, biotech, and artificial intelligence. Read more about it here.
BNB price predictions for December 2024
In December 2024, Binance coin could reach a maximum price of $666. The average trading price is expected to be $632 for the month, while the lowest it can go is $ 599, according to the analysis, is $ 500.2.
| Period | Potential Low | Potential Average | Potential High |
| Binance coin prediction December 2024 | $ 599 | $632 | $666 |
BNB price prediction 2024
According to the Binance coin price prediction, BNB might reach a minimum price of $682.82. The maximum price can reach $735.25, with an average trading price of about $715.59.
| Period | Potential Low | Potential Average | Potential High |
| 2024 | $682.82 | $715.59 | $735.25 |
BNB price prediction 2025 – 2030
| Year | Minimum Price | Average Price | Maximum Price |
| 2025 | $1,045 | $1,081 | $1,191 |
| 2026 | $1,595 | $1,649 | $1,856 |
| 2027 | $2,376 | $2,442 | $2,796 |
| 2028 | $3,426 | $3,549 | $4,198 |
| 2029 | $4,818 | $4,960 | $5,835 |
| 2030 | $6,801 | $6,999 | $8,496 |
Binance coin price prediction 2025
Binance coin (BNB) could reach a maximum price of $1,191 in 2025, with an average value of $1,081 and a minimum of $1,045.
Binance coin price prediction 2026
In 2026, BNB may scale to a maximum of $1,856, with an average price of $1,649 and a minimum of $1,595.
Binance coin price prediction 2027
For 2027, Binance Coin price forecast suggests that BNB could achieve a maximum valuation of $2,796, with an average trading price of $2,442 and a minimum of $2,376.
Binance coin price prediction 2028
In 2028, BNB is projected to have a maximum price of $4,198, an average price of $3,549, and a minimum value of $3,426.
Binance coin price prediction 2029
By 2029, BNB could reach a maximum of $5,835, with an average trading price of $4,960 and a minimum of $4,818.
Binance coin price prediction 2030
In 2030, BNB may attain a maximum valuation of $8,496, with an average price of $6,999 and a minimum of $6,801.
BNB market price prediction: Analysts’ BNB price forecast
| Firm Name | 2024 | 2025 |
| Wallet Investor | $713.69 | $1,023 |
| Coincodex | $ 1,022.45 | $ 1,022.45 |
| CoinGecko | $1,292.45 | $1,493.16 |
Cryptopolitan’s BNB price prediction
Our forecast shows that Binance coin will achieve a high price of $735.25 near the end of 2024. In 2025, BNB price will range between $1,045 and $1,191. In 2030, it will range between $6,801 and $8,496, with an average of $6,999. It is important to consider that the predictions are not investment advice. Professional consultation is suggested, or you can carry out your 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 crypto market data. As a utility token for the Binance cryptocurrency exchange, it offered users reduced trading fees.
- In late 2017, BNB’s price significantly increased 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 as the BNB market soared. In 2018 BNB traded near $13 for most of the year but stepped down to $5 by December. However, BNB reached above $30 in June 2019.
- Despite the global economic uncertainty caused by 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. Positive market sentiment helped improve its market cap, which remained at an all-time high 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 around Binance exchange, which led to a bearish scenario. This took BNB to less than $220 in June and an average price of $250 in December.
- BNB remained a significant player in the cryptocurrency market in 2023, recovering to about $350 in April. However, it soon lost momentum, reaching about $205 in October. In late December, BNB climbed back to about $325.
- At the beginning of 2024, the Binance Coin traded near $300, rising to $425 by March. It surged further to $600 by the end of the month and peaked at an all-time high of $717.48 on June 6.
- After fluctuating between $488 and $605 in July and August, BNB recovered to $620 in September and recovered above $590 by the end of October.
- In November, BNB price went as high as $661 and at the start of December 2024, it is trading near $650 range.
