A cryptographic method with fundamentals of zero-disclosure evidence and mathematical consistency of the entire blockchain-enabled transaction is authentic and rapid. Harnessing on this immense potential coupled with the foundation of ERC20, Binance Coin (BNB) was launched in 2017. Empowering the Binance DEX (decentralized exchange), Binance is said to have burnt on the Ethereum network using the smart contract burn function. There are validators that earn from securing the network by validating blocks. This enhances security, especially because Binance Coin operates on Ethereum, and all transactions are processed using ERC20.
Binance Coin Vs. Bitcoin Gains?
For the entire Binance Smart Chain ecosystem, Binance Coin (BNB) works as an elixir. Compared to Bitcoin, it may not seem so stable on exchanges with exuberant returns in the immediate short term. With a stable push from the investor community and trust of all exchanges in the long-term, it may grow to rule the crypto market. An investor looks for security and transparency. If Bitcoin’s capitalization value increases and its price, so should BNB.
| Binance Coin (BNB) Overview | |
| Cryptocurrency | Binance Coin |
| Ticker Symbol | BNB |
| Price | $550 |
| Price Change 24h | 2.41% |
| Market Cap | $85,003,698,507.53 |
| Volume (24h) | $3,440,096,747.90 |
| Circulating Supply | 153,432,897 BNB |
| All Time High | $637.44 |
| Binance Coin ROI | 477893.12% |
The Amazonian Turns in history of Binance Coin Price:
Binance Coin made a dazzling debut shooting the price in January 2018 to $23. However, by winter 2018, the price of BNB fell below $10. With Bitcoin racing up to become a public choice in 2019, it gave momentum to BNB, too, and it touched a new high of $36. However, after this high, the coin faced significant correction, but after the March crash in 2020, Binance Coin regained its previous momentum. As a decentralized finance (DeFi) token, Binance Coin showed a massive comeback in September 2020, gaining traction by the end of 2020 to $38.
Since the beginning of this year, BNB has reflected a continual uptrend and marked a tremendous acceleration in terms of price and demand. Over the last few weeks, Binance Coin’s price recorded an almost 800% hike and hit new heights around $340. Moreover, it has already risen by more than 100% this month, bringing the year-to-date gains around 1400%. Recently, it amazed the entire crypto fraternity by smashing the All-time high at $637.44 on April 12, 2021. Despite a slight correction, the coin still trades above $570.
Binance Coin Price Analysis
Today, Binance Coin price stands at $550 with a market capitalization of $85,003,698,507.53. The 24-hour trading volume of BNB coin is $3,440,096,747.90, and the circulating supply is 153,432,897 BNB.
Currently, Binance Coin is trading with strong support around its 50-day MA at $534. The coin marked a bullish flag pattern, and hence, it may reflect positive momentum in the upcoming days and cross its previous high of $639. If the coin crosses $639 mark, the next major resistance of $750 might be achieved by the end of 2023.
Binance Coin Price Prediction
What Evangelists Have to Say
Listed on the majority of exchanges, the BNB coin shows a promising market potential ahead as by experts:
Digital Coin Price: “BNB, going by what it was in September 2020, sounds highly bullish as it has shown a reliable consistency. By the 2024 end, it should easily swing around $886.”
Walletinvestor: “Based on our forecasts, a long-term increase is expected; the BNB price prognosis for 2026 is $1492.230. With a 5-year investment, the revenue is expected to be around +159.94%.”
BNB Price Prediction 2023 & Beyond
There should be a bullish price movement driving BNB coin to continue to perform at a minimum of $500 in the upcoming days. This should be a good forecast attraction for traders and individual investors to pour their money into the BNB kitty.
Binance Coin will continue riding news waves going forward. Somewhere between the years 2023 and 2024, a price surge of BNB could be seen, taking it to a higher point pegged at $613.
There could be some significant changes in industry scenarios, market positions, economic overruns, which may make BNB show resistance.
Investors can expect a turnaround by the end of 2023, as the adoption of Binance Coin would grow exponentially, by when BNB coin would no longer be a naïve entrant in the world of cryptocurrencies, but a seasoned player @$630.
Binance Coin will have to spend on promotion and advertising to make traders and investors aware of its significance and inherent worth. With rewards programs in place and membership advantages coupled with new partnerships, BNB may be the favorite coins of all, soon sailing above $800.