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.
- Buy Crypto at The Best Rate
- BNB Overview
- What Is Binance Coin (BNB)?
- BNB Price Prediction 2022
- BNB Price Forecast for September 2022
- October 2022: BNB Price Forecast
- BNB Price Forecast for November 2022
- December 2022: BNB Price Forecast
- BNB Price Prediction 2023
- BNB Price Prediction 2024
- BNB Price Prediction 2025
- BNB Price Prediction 2026
- BNB Price Prediction 2027
- BNB Price Prediction 2028
- BNB Price Prediction 2029
- BNB Price Prediction 2030
- BNB Price Prediction 2031
- Frequently Asked Questions
- Will BNB go up?
- Is BNB worth buying?
- Where do I buy Binance Coin?
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.
BNB Price Prediction 2022
According to the technical analysis of BNB prices expected in 2022, the minimum cost of BNB will be $309.76902. The maximum level that the BNB price can reach is $338.05619. The average trading price is expected around $320.84791.
BNB Price Forecast for September 2022
Based on the price fluctuations of BNB at the beginning of 2022, crypto experts expect the average BNB rate of $290.83091 in September 2022. Its minimum and maximum prices can be expected at $263.13368 and at $299.14008, respectively.
October 2022: BNB Price Forecast
Cryptocurrency experts are ready to announce their forecast for the BNB price in October 2022. The minimum trading cost might be $282.79172, while the maximum might reach $310.76892 during this month. On average, it is expected that the value of BNB might be around $296.64033.
BNB Price Forecast for November 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 $308.50915 in November 2022. It can drop to $297.43025 as a minimum. The maximum value might be $322.63773.
December 2022: BNB Price Forecast
In the middle of the year 2022, the BNB price will be traded at $320.84791 on average. December 2022 might also witness an increase in the BNB value to $338.05619. It is assumed that the price will not drop lower than $309.76902 in December 2022.
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 $471.78282. The maximum expected BNB price may be around $547.37526. On average, the trading price might be $484.62153 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 $693.68063 and $832.54674, respectively. The average expected trading cost is $717.9082.
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 $1,014.42855, while its maximum can reach $1,210.67892. On average, the trading cost will be around $1,043.14568.
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: $1,742.7857 and $1,474.00259. On average, it will be traded at $1,515.72841.
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 $2,181.03188. It might drop to a minimum of $2,120.39794, but it still might reach $2,583.29165 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 $2,991.04087 and $3,604.55951 in 2028. Its average cost is expected at around $3,078.28214 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 $5,200.59989. However, its rate might drop to around $4,362.35372. So, the expected average trading price is $4,516.26833.
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 $6,209.67897, with the possible maximum peaks at $7,524.80744. Therefore, on average, you can expect the BNB price to be around $6,435.49639 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 $10,885.80131. However, its rate might drop to around $9,184.36147. So, the expected average trading price is $9,441.77573.
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.