BNB Price Prediction for 2022-2030

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Binance Coin (BNB) is a native token of the Binance exchange. It is used to pay commission fees on the exchange and trade in more than 50 cryptocurrency pairs. Recently, Binance coin showed impressive performance on the crypto market and outstood the Tether stablecoin from its third place.  

What can potentially happen to Binance Coin price in the next five years? Let’s uncover some facts and prospects of Binance coin cryptocurrency. 

BNB Overview

What Is Binance Coin (BNB)?

Binance coin was released in July 2017 during the ICO. The main goal was to attract investments for the development of the Binance exchange. Initially, BNB token standard was ERC-20, operated on the Ethereum blockchain, and was not available for mining. On April 18, 2019, Binance Chain was launched, and all BNB tokens were moved to its blockchain in five days.

Under the ICO terms, 50% of Binance Coin tokens were distributed among investors, the team received 40% and 10% – venture investors. The team succeeded in collecting 15 million US dollars; the exchange was supported mainly by investors from China. This sum is not very impressive, since some projects raised a more considerable amount without a working business and products. Half of the money went to advertising and brand promotion, 35% – for platform development, modernization, and security, and the remaining 15% was directed to the reserve fund.

The BNB coin is subject to inflation, but the creators took this point into account even at the creation of the white paper stage. According to one of the white paper points, every three months, the Binance exchange sets aside 20% of its income for the subsequent redemption of coins and their burning. As a result, only 100 million BNB will remain, i.e., half of the initially issued volume.

On the Binance platform, the BNB Coin cryptocurrency performs three functions:

• Acts as a trading asset
• Used to reduce fees
• Suitable for paying for goods on platforms that accept Binance Coin

One can use Binance Coin to pay for any fees on the platform, including but not limited to: exchange fees, listing fees, and any other fees. When users apply BNB to pay for fees, they receive a significant discount, depending on the time spent using BNB to cover the fees.

For instance, the Binance users can have a 50% discount on trading fees during the first year since they started trading on the exchange. The trend leads to a 25% discount in the following year, 12.5% in the third year, 6.75% in the fourth year. The discount ends in the fifth year.

The token was established with a total supply of 200 million and is not mineable. As we have already mentioned, all the issued coins were either distributed or burned after the launch of the asset. 

Binance has launched its own startup platform, Binance Launchpad. It publishes various interesting projects looking for investors, and Binance leads the IEO – the initial sale of tokens by the exchange. You can participate in IEO if you have BNB tokens, so each such project provokes a demand for Binance Coin.

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BNB Price Prediction 2022

According to the technical analysis of BNB prices expected in 2022, the minimum cost of BNB will be $302.82971. The maximum level that the BNB price can reach is $328.44715. The average trading price is expected around $316.91831.

BNB Price Forecast for October 2022

Based on the price fluctuations of BNB at the beginning of 2022, crypto experts expect the average BNB rate of $295.85041 in October 2022. Its minimum and maximum prices can be expected at $270.49295 and at $304.30957, respectively.

November 2022: BNB Price Forecast

Cryptocurrency experts are ready to announce their forecast for the BNB price in November 2022. The minimum trading cost might be $296.42036, while the maximum might reach $316.13838 during this month. On average, it is expected that the value of BNB might be around $307.68923.

BNB Price Forecast for December 2022

Crypto analysts have checked the price fluctuations of BNB in 2022 and in previous years, so the average BNB rate they predict might be around $316.91831 in December 2022. It can drop to $302.82971 as a minimum. The maximum value might be $328.44715.

BNB Price Prediction 2023

After the analysis of the prices of BNB in previous years, it is assumed that in 2023, the minimum price of BNB will be around $443.30567. The maximum expected BNB price may be around $533.11668. On average, the trading price might be $455.9844 in 2023.

BNB Price Prediction 2024

Based on the technical analysis by cryptocurrency experts regarding the prices of BNB, in 2024, BNB is expected to have the following minimum and maximum prices: about $625.26747 and $764.9035, respectively. The average expected trading cost is $643.50564.

BNB Price Prediction 2025

The experts in the field of cryptocurrency have analyzed the prices of BNB and their fluctuations during the previous years. It is assumed that in 2025, the minimum BNB price might drop to $902.9497, while its maximum can reach $1,050.8549. On average, the trading cost will be around $935.12648.

BNB Price Prediction 2026

Based on the analysis of the costs of BNB by crypto experts, the following maximum and minimum BNB prices are expected in 2026: $1,591.69082 and $1,361.59383. On average, it will be traded at $1,399.00009.

BNB Price Prediction 2027

Crypto experts are constantly analyzing the fluctuations of BNB. Based on their predictions, the estimated average BNB price will be around $1,954.98448. It might drop to a minimum of $1,899.03008, but it still might reach $2,330.05697 throughout 2027.

BNB Price Prediction 2028

Every year, cryptocurrency experts prepare forecasts for the price of BNB. It is estimated that BNB will be traded between $2,661.24385 and $3,246.87528 in 2028. Its average cost is expected at around $2,758.99407 during the year.

BNB Price Prediction 2029

Cryptocurrency analysts are ready to announce their estimations of the BNB’s price. The year 2029 will be determined by the maximum BNB price of $4,627.21723. However, its rate might drop to around $3,820.70789. So, the expected average trading price is $3,931.07685.

BNB Price Prediction 2030

After years of analysis of the BNB price, crypto experts are ready to provide their BNB cost estimation for 2030. It will be traded for at least $5,499.28002, with the possible maximum peaks at $6,621.98774. Therefore, on average, you can expect the BNB price to be around $5,656.52429 in 2030.

BNB Price Prediction 2031

Cryptocurrency analysts are ready to announce their estimations of the BNB’s price. The year 2031 will be determined by the maximum BNB price of $9,796.54025. However, its rate might drop to around $8,344.73544. So, the expected average trading price is $8,627.56716.

Frequently Asked Questions

In this section, we have collected the most popular questions regarding Binance Coin. 

Will BNB go up?

According to the presented price predictions and recent price rise, Binance coin cryptocurrency can definitely go up a lot more in the future. 

Is BNB worth buying?

Definitely. Not only as an internal currency of Binance exchange but as an investment option too, since the price of the coin is rising. 

Where do I buy Binance Coin?

The most obvious answer is the Binance exchange. However, Changelly is here to offer you a smooth and instant BNB purchase with a credit card or Apple Pay. Check out our widget below to find out more about rates and possible fiat options.