A year ago, the observation was that Binance Coin (BNB) and Chainlink (LINK) were the only two coins that really steadily went up during the bear market. However, these coins, including Bitcoin and Ethereum, have been crippled in the current bear market.
Binance Coin (BNB) has shown signs of strength recently, signaling the BNB could be ready for the bull run soon. It is quite likely that as BNB continues to grow in popularity, we will see wider use of BNB and increases in price.
Binance coin is famous for many reasons, but a significant reason is that it holds about 1 billion in trading volume every day. Binance seems to have a very bright future, but it needs stability. To do that (bring stability) and avoid sudden market fluctuations, BNB will have to be burnt using a systematic approach.
BNB is currently trading at $260.96, with a market capitalization of $42.5 billion from the circulating supply of 163,276,974.63 BNB. However, BNB is down 62% from its all-time high in May 2021.
Wallet Investor The site predicts that BNB could fall from its current market price to $12.760 within the next twelve months. The site considers BNB a bad investment for long-term traders.
TradingBeasts TradingBeasts forecasts the Binance native cryptocurrency to continue its downward trend until December. They predict this year’s market to close with a maximum price of 294.420, alongside an average price of $235.536. The site also anticipates a bearish BNB market for most of 2023, beginning from January to October.
LongForecast BNB is expected to remain bearish till the end of the year. By December, they predict a minimum price of $139 and a maximum price of $159. Their predictions also point to a further devaluation of BNB to a minimum price of $108 by October 2023.
2022 BNB is expected to reach an average price of $306.28, a maximum and minimum price of $325.34 and $285.03, respectively. 2025 Binance Coin is predicted to reach an average price of $447.51, a minimum of $399.78, and a maximum of $523.28 in 2025. 2030 BNB could break the $1000 mark by 2030. The minimum and maximum prices can be $1,028.75 and $1,089.15, respectively.
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.
Please take these price predictions as suggestions of some market experts/analysts. Prediction with tools may not turn out perfect due to the unpredictability of certain factors such as public sentiment and market conditions.