Binance Coin (BNB) is a token issued by the largest cryptocurrency exchange, Binance. What does that mean? It means that it is a digital currency that can be traded on the open market and used for transactions just like any other crypto coin. BNB started out as an ERC-20 token on the Ethereum network. However, Binance introduced its own blockchain later, and the BNB coins began to be issued from the Binance blockchain. The value of BNB has been steadily increasing over time, but analysts are unsure how much higher it will go in the future. Will the price continue to increase or will it start decreasing? This article discusses what we know about BNB so far and offers some Binance Coin price predictions for its future price movements.
What is Binance Coin(BNB)?
Binance Coin is a cryptocurrency distributed by Binance, the largest cryptocurrency exchange in the world. It was founded by Changpeng Zhao and Yi He in July 2017 after raising $15 million via an ICO.
|Market Cap||$53,949,805,718 USD|
|Trading Volume||$1,554,198,696 USD|
|Volume / Market Cap||0.02954|
|Circulating Supply||168,137,036.00 BNB|
|Total Supply||168,137,036 BNB|
|Max Supply||168,137,036 BNB|
(The above details stand valid as on Jul 29, 2021.)
Binance Coin Price Analysis Trend so Far
Binance Coin (BNB), is a coin with an escalating value. The cryptocurrency has seen its fair share of price fluctuations in the last year and there’s no doubt that this trend will continue for some time to come.
The year 2019 proved a phenomenally positive one for the Binance Coin. Although it slowed down in the second half of this past year, its recent push is due to an IEO that ended with 150% gains at end-of-year numbers. This downward turn was only courtesy of the Pandemic which began earlier and has been negative throughout much longer periods compared to previous years’ downturns or upswings.
Binance Coin Price Prediction 2021
Binance Coin has been on a fast and steep trajectory of growth, often surpassing other coins in market cap. Recently BNB hit an all-time high at $690.93.. Experts predict that it is possible for BNB to reach up to $850 by the end of 2021. At the same time, some are skeptical about this prediction believing we may be closer around or even below than our predicted target with prices potentially revolving around just over 800$
Binance Coin Price Prediction 2022
Experts predict that the Binance coin will skyrocket to $1000 by next year. The estimated high price is around $1523.50, and the low is expected at about $358.50.
According to its CEO, Binance is contemplating shifting to a financial services company from a tech startup. It obviously suggested that Binance could go public soon via an IPO. That would have a dramatic impact on the token’s price as well.
Binance Coin Price Prediction 2025
Binance Coin’s future growth is dependent on the success of Binance Exchange. As per current predictions, it looks like their coin will continue to grow and reach new highs by 2023- giving you an opportunity to invest in this exchange today for a price that might be too low tomorrow! If they keep up with positive momentum at all levels, then we may see prices reaching $1700 or higher within the next two years.
Summary: BNB Price Forecast and Long-Term Price Predictions
Should you invest in Binance Coin Right Now?
The cryptocurrency market is a volatile place. The price of Binance Coin can change drastically within minutes, and it’s not uncommon for the coin to lose or gain 25% of its value in less than an hour. This makes investing risky if you don’t know what you’re doing, but it also means that as long as you invest wisely enough there’s room for profit too! The best advice would be not to spend all your savings on one single trade as there are still many other investments that might give consistent returns.
How can you invest in Binance Coin on Mudrex?
Mudrex is a new crypto bot marketplace that lets you access top algorithms while being as easy and accessible for everyday users. The platform, which has been making waves in the industry because of its amazing features such as 100% automation with no need for technical knowledge from your end, offers cryptocurrency investors like yourself an opportunity to experience some of these high-performing bots built by experts who are pioneers in this field themselves!
Here is one of the algos on Mudrex that trades the Binance Coin. This algo gave a monthly average return of approximately 30%.
It is extremely easy to use, and you can start investing in just a few clicks. Here’s how to invest in Binance Coin with Mudrex:
- Create/ Login to your Mudrex account;
- Connect the desired exchange with API keys;
- Choose the algorithm you want to invest in and select the amount;
- Pay the platform fee, and you are all done.
Let your trades work on autopilot. Get consistent returns with Mudrex.