Binance Coin (BNB) Price Prediction 2019

BNB-price-prediction

Binance (BNB) News Update, 23.04.2019


Table of Contents

Binance Coin (BNB) was established by the Chinese cryptocurrency exchange called Binance. The exchange launched the asset on July 08, 2017 as a way to provide a handy coin for the trading platform and its loyalty program. Binance Coin is an ERC 20-based token issued via the Ethereum blockchain platform.

The massive trading volume of the exchange caused a lot of positive BNB price predictions which were proven right shortly after its launch.

Binance Price Predictions 2019
Binance has the highest trading volume among all the cryptocurrency exchanges
according to coinmarketcap.com

BNB Coin Value

The Binance Coin entitles users to certain privileges within the trading platform of the exchange. Users can have discounts of up to 50% for the exchange’s fees and an ability to participate in the Binance’s referral program.

The Binance Coin predictions are mostly positive specifically due to the fact that the coin combines both trading advantages of stablecoins and an opportunity to provide a speculative profit.

Similarly to stablecoins, Binance Coin worth investing in due to the number of trading pairs that include the coin. Many companies and crypto exchanges also accept the coin as a mean of payment, making it very handy for traders. On the other hand, unlike stablecoins, the Binance Coin price chart is not fixed. The coin can show significant growth 📈 and provide its investors with a profit.

More information about the coin on BitcoinWiki.org

Benefits for Binance.com Exchange Clients

💲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 on the fifth year.

🔁 The token was established with a total supply of 200 million and is not mineable. All the issued coins were either distributed or burned after the launch of the asset. The Binance Coin whitepaper says that the exchange platform plans to use 20% of the profits each quarter to buyback and burn BNB until only 50% of the total BNB supply is in circulation

Binance DEX (Decentralized Exchange) Testnet Is Live

Binance just recently launched its Decentralized Exchange Testnet and the new blockchain called Binance Chain to power the platform.

The BNB coin will be one of the key asset of the Binance DEX. After a testing period, the coin will be transferred from the Etherum blockchain to the newly developed network in order to become its inherent crypto.

The chain is operating in its beta form providing only a part of the exchange’s functions. However, Binance Decentralized Exchange will surely be fast to catch up after its older brother as its initial reviews are really positive considering most of the other attempts to establish a functioning DEX.

The development team of the exchange stated multiple times that the idea of decentralized exchange is the best way to ensure the freedom of money. It is also a very appealing idea for the cryptocurrency community, a big part of which considers this freedom to be a key value.

While it is a risky venture, the decentralization of the major cryptocurrency trading platform can provide an incredible profit both for the Binance team and its token holders.

Binance Coin Price Analysis

BNB Price Analysis
Binance Coin price chart from the coin’s genesis to this day on Coin360.com

Binance Coin is a very successful cryptocurrency. The coin’s price took only around 5 months to grow from around 1 dollar per coin at the end of July to 23,45 USD on January 12, 2018 💹. Similarly to most of the other cryptos on the market, the coin experienced a downtrend shortly after its winter price peak.

However, unlike the other cryptocurrencies, its downtrend wasn’t as damaging. As a trading-focused coin, Binance coin has a number of use cases which positively affect its price. In addition, the coin grows in price both during the times of market downfalls and during its growth.

For example, when a certain coin’s price starts falling, the Binance exchange traders surely want to get rid of it. The case is, most coins (when we aren’t talking about the most popular ones) are only traded in pairs with Tether/Bitcoin or BNB. As a result, BNB token price rises when other market participants are falling.

Still, the Binance Coin price predictions are not only positive during the dark times of the cryptocurrency market. As the market grows and various coins are becoming more valuable, more and more traders are coming back to their craft. Traders are buying Binance Coin as a trading tool with high liquidity to ensure their ability to exchange it for other coins with promising price trends.

BNB’s Performance In 2018

BNB coin price in 2018 year
Binance Coin price chart for the period from Jan 2018 to Feb 2019 on Coin360.com

The price of Binance Coin shows prominent stability, considering the current cryptocurrency market situation. For example, take a look at the Ethereum price graph for the same time period.

Eth Price Fluctuations in 2018
Ethereum price chart for the period from Jan 2018 to Feb 2019 on Coin360.com

It is clear that there was a reason behind so many Binance Coin price predictions being so positive. The BNB price potential is very impressive. The coin is useful both as a speculative tool itself and as a pathway to the other assets on the market.

Still, the market downtrend strongly affected the coin. It looks like the Binance Coin price history has already got through its peak but the coin managed to show some significant increases in price after its current record. Anyway, the price of Binance Coin is in stagnation at the time of writing this article, similarly to the whole cryptocurrency market.

Binance Coin Price Prediction 2019

Most of the Binance Coin price predictions are very bullish. For example, the U.Today does not even consider the coin’s price drop as a possibility. The portal’s Binance Coin price analysis discusses the coin’s price rise to the mark of 1,354.66$ per BNB (🤑!) in the following year as the most positive option.

Indeed, if the coin at least manages to keep its market share, it will surely become the prominent gainer from the market growth. The truth is, there is no reason for the price of Binance Coin to fall other than the market recession. Binance Coin is a highly liquid asset, one of the most useful coins in the industry. Still, even the price of over 100 USD seems unlikely.

The actual BNB price predictions should be much more moderate. The most probable outcome for Binance token price is a mark of around 20 USD per coin or 35 in a very favorable market climate. Our prediction is not very ambitious but it is still more than twice its current price.

However, and much more important, Binance Coin has an opportunity to show faster rates of growth than the other market participants. Its ratio to Bitcoin is currently the highest in its history, showing that the Bitcoin price is less robust than the Binance token price.

Binance (BNB) News Update, 23.04.2019

  • BNB coin has successfully migrated to its own Binance blockchain and is no longer an ERC-20 token
  • BNB price reached all-time high of 25.35 per coin at 20th of April 2019
  • Binance DEX is going to launch on 30th of April

The price predictions mentioned above are still valid. The short and long term expectations are very positive. HODL! 🤑

BNB price reached All Time high
BNB recent price peak of over $25
Exchange BNB on Changelly
You can exchange Binance Coin can at the best possible rate on Changelly

Disclaimer: This article should not be considered as offering trading recommendations. The cryptocurrency market suffers from high volatility and occasional arbitrary movements. While price analysis is a useful tool, it should not be considered predictive for the future performance of any investment vehicle.

Any investor should research multiple viewpoints and be familiar with all local regulations before committing to an investment. Website personnel and the author of this article may have holdings in the above-mentioned cryptocurrencies.


2 comments

  1. Binance coin is the best cryptocurrency to hodl if you don’t really want to convert your bitcoin to cash, using all other exchanges

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