Regulation of the crypto market has brought about sweeping changes and new investors. The largest risk factor to growth remains the Fed tapering, but most coins have this factored into their pricing models. If you are considering joining in the next wave, it is important to study predictions to ensure that you have the best chance of coming out ahead.
What is BNB?
Binance coin or BNB is a blockchain network based on smart contracts which is what powers the BNB chain. BNB serves as the main crypto of the Binance.US and Binance exchange. The utility token offers a range of benefits to the user such as reduced fees and access to exclusive sales. It can also be used to sell NFTs and create dApps with relative ease. Since its launch in 2017, BNB has experienced rapid growth.
BNB Recent Updates and Price Changes
BNB is among the top 5 cryptocurrencies on the market and its price bears out in its supply numbers. Over the last few weeks, the price dropped by close to 3%, but it rallied and has already started going back up. In the last third of the year the overall price went up by 1.7%, though it's down by 7% overall. Investing is better served once the bearish market returns for better gains.
BNB Price Prediction for 2023- 2026
BNB prices have been on the rice for a while and 2023 promises more of the same. As crypto becomes more common, we predict high-end prices to reach around $760. The following year will expand on those gains with a middle range price settling around $945, however that will jump to a high of $1,220 in 2025. Rapid gains are to be expected as the world starts to ease itself into crypto payments. Toward the end of 2026 lower price predictions level out around $1,411.
BNB Price Prediction for 2027- 2029
Regulators have a lot planned for 2027 that will not only shake up the industry but also stabilize it. BNB will start the year off at an average of $1,765 and enter 2028 with a generous low end of around $1,955. Even with the previous year set to be bullish, 2029 will rally and pull in more investors. With a high of $2,390 expected, those who hopped on the investment train 5 years ago are earning their just rewards.
BNB Price Prediction for 2030- 2033
As BNB enters 2030, the price will hit an all-new ATH of close to $2,675 on the high end which spells good news for investors. 2031 brings a low of $2,854 with the expected slump which will rally in 2032 for a mid-range price of $3,121. Coming up on the 10-year point in 2033 will see minimum prices around $3,476 and maximum prices at the $3,687 mark.
Can You Still Make Money With BNB?
Buying and selling the oldest crypto coins is highly completive in general. While there is money to be made with BNB, smaller setups may have a hard time with it. Of course, with savvy investing and some well-timed mining, gains are within the realm of possibility. Although there is a high risk with BNB, the potential rewards are equally lucrative. Keep in mind that their market share has been challenged of late, so keep that in mind when making your investment choice.
Disclaimer: The crypto-currency market suffers from high volatility and occasional arbitrary movements. The information listed here is not financial or investing advice. Readers should research various viewpoints and check local regulations before committing to an investment. Nothing written above is to be considered as trading or investment recommendations.