https://ift.tt/mF7zglN BNB’s Price Hit $1500 By 2022?

Marketers from the crypto industry are very well aware of Binance, which is a cryptocurrency exchange platform. Binance is one of the prominent exchanges in the business to trade crypto assets. The firm also hosts its very own digital asset “Binance Coin” (BNB). Which acts as a utility token, used to pay transaction fees.

Initially launched as an ERC-20 token, BNB later migrated to its own blockchain – Binance Chain. BNB is presently the 4th largest cryptocurrency by market capitalization. Investors and traders have been yearning for a run like 2021 when it soared close to 1688.77%. Are you keen on investing in BNB? Look no further, as we decode the plausible price prediction of BNB for 2022 and the years to come.

Overview

Cryptocurrency	Binance
Token	BNB
Price	$ 432.3000
Market cap	$ 72,740,155,557.0000
Circulating Supply	$ 168,137,035.9000
Trading Volume	$ 1,572,083,251.0000
All time high	$ 686.3100     May 10, 2021
All time low	$ 0.0398     October 19, 2017

Potential Low	Average Price	Potential High
$667.2	$1092.1	$1417.5

  The digital asset had commenced the year 2022 in a downtrend, with a price tag of $510.1. A crash on the 5th of January led to the price softening for the first two weeks. That saw the asset plummeting 20% by the 10th of January, taking the numbers to $406.1

While it did pose a rebound to $503.9 over the next week. The flight was short-lived as the digital coin took a 50% dip to $337 on the 24th of January. Since then BNB price had been ranging in a parallel channel from $357.6 to its support of $436.6. Until the 29th of March, when it broke through the channel, which led to its quarterly trade closure at $450.

Binance Coin’s (BNB) Price Prediction For Q2

BNB price would need to gather steam to rise and hold onto its levels at $447.3. A thrust by the bulls could take the price to $498.5. That said, chugging ahead the price could claim its potential high of $653.2. Whilst regular trade pressures and swings could land the price at $526.2. A price slump could close the quarter at $449.1.  

BNB’s Forecast For Q3

With impetus coming from the auto burner mechanism, the growing user-base of the smart chain, and the exchange platform. The valuation could surpass its ATH of $686.31, to reach a new All-Time High at $815. On the contrary, falling volumes, and bearish sentiments could restrict the price to $557.2. That said, considering the projections we can expect a regular rate tag of $638.6.

BNB Prediction For Q4

If the Binance coin rhythms its euphoric trend from that of 2021, the price could escalate to its maximum target of $1417.5. Which would be a 76.49% rise from the previous quarter’s potential high. While a linear uptrend could settle the price at average levels of $1092.1. The market turning skittish, alongside FUD and negative sentiments could take the price to $667.2.

Binance Coin’s Price Forecast For 2023

As inflation fears are likely to get adverse by the start of the new year, we can expect a decent price movement. If the upgrades of the network manages to push the price action. Then we can expect a rally to $1892.7 by the end of 2023. In contrast, it may hover around $977.564, if any negative sentiments continue to prevail over the months.

Price Prediction For The Next 5 Years

In 5 years, BNB might continue to surge and it may break all its previous price records by touching new heights. Binance might introduce new features to its trading to enhance the minds of the investors to invest in BNB. As it introduced some of the features like Asset Conversion, Cross Collateral, and Price Protection.

Over the next 5 years, BNB’s price might reach the $2836 mark. Contrastingly, massive sell-offs and events such as a crash could wipe down the gains to $1103 by the next five years.

Year	Potential Low	Potential High
2023	$977.564	$1892.7
2025	$1103	$2836

BNB Market Prediction

Wallet Investor:

As per Wallet Investor’s predictions, BNB is forecasted to hit a maximum price of $735.202 by the end of 2022. The token is expected to trade at an average price of $653.22 and a minimum price of $567.597 by 2022. Wallet Investor anticipates BNB to trade at a maximum price of $1077.870 by the end of 2023. And $1847.660 by the end of 2025.

Digital Coin Price:

According to Digital Coin Price, BNB will soar to reach a price close to $625.37 by the end of 2022. That said, the firm expects the minimum and average prices for the year to fall around $534.66 and $579.45. The analysts from Digital Coin Price pin the maximum targets for 2023 and 2025 at $700.8 and $942.63 respectively.

Trading Beasts:

As per Trading Beast’s predictions, the BNB price is revised to hit a maximum of $496.417, by the end of 2022. The firm expects minimum and average trade closure at $337.563 and $397.133. According to the price forecast of Trading Beast. BNB could close the annual trade for 2023 and 2025, with an average price of $361.931 and $723.247.

Long Forecast:

The Long forecast predicts that the price may trend up to $537 by the end of 2022. The analysts from Long forecast expect BNB to close the trade at a minimum and average levels of $419 and $451. The prediction cites that the price might surpass $1156 by the end of 2023. And $1731 by the end of 2025.

Click here to read our detailed price prediction of Bitcoin Cash (BCH).

Binance coin is a cryptocurrency issued by the Binance exchange. BNB is a native coin that acts as a utility token. The Binance platform includes the Binance smart chain, Binance chain, Binance academy, Trust wallet, and research projects.

One of the significant benefits Binance has is its drive for development.  As the company was established only as a cryptocurrency exchange platform back in 2017. Today, Binance has spread its services among numerous different platforms. According to the Binance website, its aim is to become the infrastructure services provider for the entire blockchain ecosystem.

Basically, the BNB token lets you earn discounts on the services of the Binance exchange platform. Which later becomes a decentralized exchange of blockchain assets. BNB also offers users access to advanced features to be used on the new decentralized exchange.

Fundamentals

As aforesaid, Binance Coin (BNB) is the crypto coin of the Binance exchange platform. It was launched in 2017 by CEO Changpeng Zhao with co-founder & CTO Roger Wang. The name Binance is a combination of binary and finance. In the year 2019, many businesses started accepting BNB as a payment.

Since 2013, Changpeng Zhao has been actively involved with blockchain and cryptocurrencies. He has the experience of working as the head of development at Blockchain, and in 2015 he launched BijieTech. In 2017, Zhao officially introduced Binance, and he has been the CEO of the asset ever since.

He Yi is another co-founder and chief marketing officer at Binance. She was previously a TV anchor and presenter on China Travel TV in 2012. Later, in 2014, Yi co-founded OKCoin, which was one of the reputed fiat-to-crypto exchanges in China at the time. In 2017, she joined Binance with Changpeng Zhao, and together they formed the largest CeFi globally — Binance.

The BNB price may increase if the company announces any new improvements. It might be a good investment for the future. As per Coinpedia’s formulated Binance coin prediction, the token might hit around $1400 by the end of 2022. That said, negativity and bearish trends could curb the year-end target to $670. Over the next 5 years, BNB’s price could reach a maximum of $2820.

Historical Market sentiments

2017

Binance coin entered the market on 25th July 2017 with a trading price of $0. Later on, the price started to improve and reached $3 at the end of August. With certain fluctuations, BNB ended 2017 with a trading price of $8.

2018

The price peaked at $23.25 in the month of January 2018 and dropped close to $6 in February. Later flipping the bearish trend, the price gained more than 200% and hit more than $16 by mid-2018. However, the rally was short-lived and the price plunged back below $5 and closed the yearly trade for 2018.

2019

The BNB price initiated the 2019 trade at around $6 and initiated a bull rally. By the mid of 2019, in June, the price surpassed $30, however, the price dipped to $15 by October. Since the dip, the price maintained a similar trend and traded below $15 by the end of 2019.

2020

The price surged from $13 to nearly $20 in January and set a new high breaking the upper resistance levels. However, the price swelled to $25 in February, and before it could head towards the next target. The bearish divergence outspread the market, the price fell rapidly below $9 in March. The price recovered to some extent, to reach $18 by April end. And rose to $23 by the end of August.

Shockingly, the price plunged to $19 by early September and further spiked to $31 in mid-September. As the expansion of Bitcoin’s price rally, BNB climbed a step to $32 by the end of November. With certain price swings, BNB traded at $37 at the end of December 2020.

2021

The price surpassed $40 in the first week of January and followed a steady rally. As the price smashed the $50 mark within a month. The price gained extremely bullish momentum and rallied above $100 in just a couple of days. Since then the price kept on surging, smashing the barriers at $200, later at $300 and $400. However, it amazed the entire crypto space by smashing the All-time high at $637.44 on April 12th.

Despite a slight pullback, the price still traded above $500 strongly. As a result of the crypto market crash on 18th May, the price saw a 40% dip, taking the value to $262.95. The coin did sustain around the same price for two months. The Binance coin made a comeback in the month of July by resuming its bull run and claimed $414.16. 

Owing to the Chinese market turmoil in September, the price fell prey toFUDs taking the price to $280 zones. However, as bulls quickly returned to the market, the BNB has enjoyed gigantic gains in Q4 outstripping BTC and ETH. It rose by approximately 100% from $300 to $550 by the year’s end. 

To read our in-depth price forecast of BitTorrent click here!

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