Latest Binance Coin news

About Binance Coin

This article discusses the current BNB price and the BNB price predictions provided by reliable sources. Can BNB reach a new all-time high in the future? What does the BNB coin technical analysis indicate? Why is it important? What will the BNB price look like in 2021-2025? Is the BNB coin a good investment right now? Let’s dive in and decide for ourselves.

Latest Binance Coin News

What is Binance Coin?

Issued back in 2017 by one of the biggest crypto exchange platforms in the world, Binance Coin (BNB) has become one of the leading crypto coins according to its market capitalization. 

Initially based on the Ethereum network, BNB was later transitioned to the Binance Smart Chain when the latter was first launched. BSC is a smart contract-enabled blockchain network operating on a Proof-of-Staked-Authority algorithm. 

BNB tokens are scarce in nature, due to a strict maximum of 200 million BNB tokens and regular burns being carried out. The ICO was distributed in the following way:

  • Founding team: 40% (80 million BNB)
  • Angel investors, aka a person or company that provides financial help for start-up businesses: 10% (20 million BNB)
  • Public: 50% (100 million BNB) 

The current total supply has decreased to 165,116,760 BNB. 

Binance Coin Use Cases

BNB is much more than just the native token of BSC. It can be used for various purposes, including but not limited to paying for transaction fees on Binance with a 25% discount, booking travel accommodations (such as TravelbyBit, Trip.io), performing payments at Crypto.com, Monetha, HTC, etc. BNB can even be used for taking out a loan at ETHLend or making an investment at Moeda. Binance Coin is also supported by Monaco’s VISA debit card. 

In 2019 Binance was banned in the United States, due to non-compliance with a few regulatory laws. Therefore, Binance opened Binance.US, which allows US-based customers to safely use the Binance platform since it is registered with the United States Financial Crimes Enforcement Network. 

Binance Coin Real-Time Status

 

BNB current price, market cap, and volume. These variables are important indicators of the coin’s current market position. All the data, easily accessible via the Real-Time Status widget

Market capitalization is calculated by multiplying the coin’s price with its circulating supply and is used for measuring the value of a cryptocurrency.

Volume indicates the total amount of trades happening at the moment. Experts recommend looking out for a volume to market cap ratio under 1.0.

Catch up with the latest crypto data by using the widget below.

Binance Coin Technical Analysis

Knowing the principles of technical analysis is essential for making the most accurate price forecasts. Technical analysis is used by professional experts to analyze and predict future price movements. Technical analysts discover previous price movement patterns and compare them to the current figures. By doing that, they make an assumption that the past pattern will occur in the future again, according to key variables. Technical analysis is the best way to make your own price forecast and determine your chances of profiting.

Binance Coin Price

You can check the BNB price through CoinJoy's crypto portfolio tracker. Choose BNB from the list of coins or type its name in the search bar. Choose the number of coins, time and the date they were purchased. The algorithm will calculate the token price at the time of purchase and convert it to US dollar, based on the current value.

The token can also be added to the Portfolio. Your Portfolio does not only show the current price of the asset but your real-time losses and profits since the purchase as well. It’s a convenient way to track your holdings and always be aware of the token price changes.

How To Buy Binance Coin

You can choose one or a few ways to purchase BNB. First and foremost, your wallet must support the token. Wallets like Ledger, Coinomo, Trezor support BNB tokens and allow you to store them. Locate the BNB address starting from 0x. Sign up with BNB and purchase the tokens with fiat money or other cryptocurrencies through one of the exchanges: Binance, PancakeSwap, UniSwap.

Purchase as many BNB coins as you want with any supported asset or fiats. However, you will most likely have to pay higher fees.

There are various other exchange services that may support BNB. It is recommended not to keep your coins on the exchange platform for a long time, and instead transfer them to your wallet.

Binance Coin Price Prediction 2022

We have gathered the latest Binance Coin price prediction results from some of the most reliable sources, namely Wallet Investor, Trading Beasts, and PricePrediction.net.

Trading Beasts has set the following targets for Binance Coin in 2022: an average of $220.882, a maximum of $276.103, and a minimum of $187.75. Based on the provided data, purchasing Binance Coin might be a good long-term investment.

PricePrediction.net has come out with a positive price prediction for Binance Coin: an average of $368.75, and a minimum of $354.19 is what holders could be anticipating in 2022.

Wallet Investor is prominent that Binance Coin prices will fall, forecasting a potential bearish trend in 2022. According to the website algorithm, investors may be expecting an average of $122.397, with a potential maximum of $14.805, and a minimum of $70.524.

Binance Coin Price Prediction 2023

Similarly, Trading Beasts indicates an average of $189.061, a maximum of $236.326, and a minimum of $160.702 for Binance Coin.

Based on the information provided by key indicators, PricePrediction.net believes that Binance Coin prices could grow next year. The website forecasts the following prices for Binance Coin: an average of $520.39, a maximum of $623.48, and a minimum of $505.65.

According to Wallet Investor, Binance Coin prices are estimated to show negative downtrend signs in 2023, reaching an average of $59.501, with an expected maximum of $19.834, and a minimum of $39.667.

Binance Coin Price Prediction 2024

Trading Beasts expects a continuous positive trend for Binance Coin throughout 2024. The prices are likely to range between a maximum of $396.153 and a minimum of $269.384, with the average price reaching $316.923.

PricePrediction.net has set an average of $756.08, a maximum of $886.98 and a minimum of $730.06 for Binance Coin in two years, therefore predicting value growth for the token.

As for 2024, Wallet Investor is bearish on Binance Coin. Investors should watch out for a potential average of $7.877. The website also indicates a maximum of $2.626 and a minimum of $5.252 in two years.

Binance Coin Price Prediction 2025

Trading Beasts is also indicating an increase in Binance Coin prices, starting from the minimum of $337.895 and reaching as much as $496.904. The expected average price is $397.523.

Furthermore, PricePrediction.net is seemingly enthusiastic about Binance Coin prices in 2024. The website forecasts that the price may go up to as much as $1270.31. The expected average price is set at the $1153.2 level, whereas the expected minimum price is $1122.96.

In 2025 Wallet Investor views Binance Coin negatively. According to the website algorithm, the expected average price is $2.221, with potential maximum and minimum prices reaching $1.481 and $0.74 respectively.

Binance Coin Price Prediction 2030

Trading Beasts predicts that the bullish trend will remain strong for Binance Coin in 2030. Investors could be expecting an average of $508.829. The maximum and minimum prices might hit $519.006 and $498.653 respectively.

Last but not least, based on the sentiment from PricePrediction.net, Binance Coin prices will continue to grow in the long run, with the average price reaching the $7046.05 level. The expected maximum price is $8437.16 and the potential minimum is $6846.34.

According to the long-term forecast from Wallet Investor, Binance Coin has bad investment potential. The prices could reach $0.044 on average, whereas the maximum price could go up to as much as $0.056, and the minimum price could hit the $0.032 point.

Conclusion

Predicting crypto market is challenging. It is hard to forecast the exact price movement. Before you decide to invest in the cryptocurrency of your choice, we strongly recommend learning more about the coin itself and get familiar with the project's roadmap. Remember to always do your own research.

FAQ

Is Binance Coin a good investment?

According to the experts' forecasts, Binance Coin will be a good investment.

Does Binance Coin Have Potential?

The BNB is already a quite popular cryptocurrency, gradually approaching the new highs on Coinmarketcap's market cap ranking. The project has developed strong partnerships with many giants of the cryptocurrency industry. Since Binance Coin forecast is positive, It has potential.

How much will Binance Coin be worth in 2022?

In 2022 the price of BNB is expected to reach $413.46, based on the forecasting from various sources.

How much will Binance Coin be worth in 2023?

In 2023 the price of BNB is expected to reach $623.48, based on the forecasting from various sources.

How much will Binance Coin be worth in 2024?

In 2024 the price of BNB is expected to reach $886.98, based on the forecasting from various sources.

How much will Binance Coin be worth in 2025?

In 2025 the price of BNB is expected to reach $1270.31, based on the forecasting from various sources.

How much will Binance Coin be worth in 2030?

In 2030 the price of BNB is expected to reach $8437.16, based on the forecasting from various sources.