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Binance Coin Price Prediction & Forecast

Price Prediction for Binance Coin

September 8, 2021 | 

937 Views | 

Jesus Guzman | 

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In 2020, many traditional investors developed an interest in Bitcoin, and this naturally boosted other altcoins. One altcoin that has offered excellent returns is Binance or BNB. Since its release, the coin has appreciated by more than 400,000%, and it is currently the fourth most popular cryptocurrency.

With such impressive returns, you may want to purchase BNB. However, it is important to first go through expert evaluations, as well as the Binance coin predictions. All this information will be covered in our guide.

What is Binance Coin?

Binance coin was created by the cryptocurrency exchange platform that goes by the same name. Initially, the currency was based on the Ethereum network, but it has since shifted to the blockchain of Binance. Every quarter, the company spend 20% of its profits to burn or buy back its own cryptocurrencies, and these are later destroyed permanently. At the moment, Binance has a market cap of more than $56 billion and is ranked behind BTC, ETH, and USD Tether.

Binance Coin Price Prediction According to Coin Price Forecast

Coin Price Forecast offers predictions on the price of Binance until 2030. Here are some key predictions made by this website:

  • By the end of 2021, one Binance coin will be worth $479.
  • In 2022, the average price of Binance will be around $450, but the year should end at a price of $527.
  • At the end of 2023, the currency will have a price of $762.
  • In 2024, the value of the currency will rise to $925 by the end of the year.
  • By 2025, Binance will have risen by 179% from the current price, and it will have a price of $1,132.
  • Binance will work well as a long-term investment since it is expected to rise to a price of $1802 by 2030.

Binance Coin Price Prediction According to Long Forecast

Long Forecast is managed by the Economic Forecast Agency, and it predicts the future values of different investments, including cryptocurrencies, stocks, and forex pairs. This website predicts the value of Binance up to 2025, and here are some of the predictions made on the platform:

  • In 2021, Binance will keep increasing in value, and it will end the year at a maximum price of $490.
  • The currency will drop in value at the start of 2022, and it will have an average price of $393.
  • It will start rising in March 2022, and this will continue until the end of the year.
  • By December 2022, Binance will have a price of about $1123.
  • At the start of 2023, the price will drop further to $1011, and for the rest of the year, the coin will have a price of between $828 and $1263.
  • By 2025, Binance will have risen by 180% from the current price, and its value will mostly stay around $1297.

When creating Binance coin charts, Long Forecast evaluates factors like cyclic recurrence, correlation, changes in asset availability, and regulatory events.

Binance Coin Price According to Wallet Investor

Wallet Investor is another important provider of technical forecasts of various assets. It has been in existence since 2017 and provides free price forecasts. Their predictions are AI-based and are updated every three minutes. However, the predictions don’t usually change drastically, unless important news on crypto is announced. Here is the Binance coin forecast according to Wallet Investor:

  • In December 2021, the average price of Binance will be about $583.18.
  • The price will rise steadily in 2022, and the year will end with a price of about $954.
  • This price will be maintained at the start of 2023, and throughout the year, the price will keep going up. By December, one Binance will be worth about £1324.
  • In 2024, the value of Binance will go up to a maximum of $1883, but the year is likely to end with a price of $1697.6.
  • In 2025, the coin will have a value of between $1699 and 2345.

Binance Coin Price According to Trading Education

Trading Education believes that Binance will keep going up in value. Experts on the website predict that the coin might cross the $800 mark by the end of 2021. Here are other notable predictions on the future of the Binance coin:

  • The value of the coin will increase to $1250 by the end of 2022.
  • In 2025, Binance will cost around $2500.
  • In 2027, the cryptocurrency will trade at $4,000.
  • The cryptocurrency will soar further to $8500 in 2030.

Why Is Binance Going Up in Value?

Binance has been going up in value because it is tied to the cryptocurrency exchange. Any profits made by the cryptocurrency exchange will reflect in the value of the Binance coin. Also, you should note that Binance uses its profits to burn Binance coins. This is similar to companies buying back stocks, and it has helped to boost the value of BNB.

It is also worth noting that Binance has been giving investors discounts whenever they trade on Binance, and this has made the platform more profitable. Since the platform is linked to the Binance coin, both would go up in value at the same time.

Is there a Risk When Investing in Binance Coin?

Although Binance coin has been rising in value, you should still take note of the risks of the cryptocurrency. One issue you should note is that about 80% of BNB is controlled by the cryptocurrency exchange. You should also remember that the parent company of Binance is known to push its limits legally, and this is why it was recently banned in the United Kingdom. It tries to go around restrictive legislation by claiming to have no permanent headquarters. This might have an impact on the price of Binance in the future.

If you are purchasing Binance as an investment, you should remember not to put your entire life savings into the coin. This is because there are no guarantees that the coin will keep rising in value in the future.

Where Can I Buy Binance?

Most investors purchase this cryptocurrency on the Binance cryptocurrency exchange. A few other exchanges allow users to buy and sell Binance, although the currency is a bit rare on these exchanges. When purchasing Binance, you should consider transferring funds from your bank account. If you use credit and debit cards, you may have to pay extra fees. It is worth noting that bank transfers can take a few business days to process.

Using Trading Signals When Trading Binance Coin

BNB is ranked the fourth cryptocurrency by market cap, so it is naturally generating interest among investors. As noted by many industry experts, the coin will increase in value in the long term. Since it can be hard to time the cryptocurrency market, you can consider using trading signals. These will show you when you should enter the market.

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