Binance Coin Price Prediction

January 27, 2020

Price Prediction

Ana Rojas

What is Binance Coin (BNB)?

Binance issued Binance Coin (or BNB) in 2017 as an ERC20 token for discounted trading fees. In 2019 Binance Coin has become the native token of the main Binance Chain blockchain. 

With the development of the Binance platform, new opportunities for the use of the token appeared:

• Participating in IEO (Binance LaunchPad).
• Donating (Binance Charity).
• Staking or Lending (Binance Lending).

Binance Coin Statistics

Source: CoinMarketCap, Data was taken on January 27, 2020

Binance Coin achievements and future plans

In 2019 Binance:

• Maintained lead as the world’s foremost cryptocurrency exchange.
• Introduced new financial instruments and brought more value to users (Futures, Margin Trading, Lending, Staking).
• Launched Binance Chain.
• Launched Decentralized exchange Binance DEX.
• Launched 11 successful token sales on Binance Launchpad.

Binance opened more ways to convert fiat to crypto:

• 5 Binance-branded fiat-to-crypto platforms: Binance.US, Binance Jersey, Binance Singapore, Binance Uganda, and Binance Lite Australia;
• 300+ payment methods are accepted on Binance Fiat gateways;
• 170+ countries and regions are covered by Binance Fiat gateways.

In 2020 Binance key goal is to bring crypto to the masses:

• Enable fiat-to-crypto trading for 180+ fiat currencies.
• Replace traditional ESOPs to ETOPS, because they more closely resemble a community rather than a company.
• Make Binance Chain and Binance DEX fully open-source.

Binance Coin Technical Analysis

Binance Coin Price Prediction in 2020

TradingBeasts BNB price prediction

The Binance Coin price is forecasted to reach $15.96 by the beginning of February 2020.
At the end of 2020 BNB price will be $13.69 (-22.2%).

Wallet investor BNB price prediction

Binance Coin price will be equal to $23.25 at the end of the year (+32.2%).

DigitalCoinPrice BNB price prediction

Binance Coin price will be equal to $35.69 in December 2020 (+102.9%).

Crypto-Rating BNB price forecast

BNB might start growing again in 2020, at least until the first half of the year, when it might even reach a new ATH. After that, it will start dropping, if the pattern holds, likely ending the year with its price a bit lower than the half of its highest point.

CryptoInfoBase BNB price forecast

CryptoInfoBase believes that in the long run, a Binance coin can be a very good investment.

Buy Binance Coin at StealthEX

Binance Coin (BNB) is available for exchange on StealthEX with a low fee. Follow these easy steps:

✔ Choose the pair and the amount for your exchange. For example BTC to Binance Coin (ERC20).

✔ Press the “Start exchange” button.

✔ Provide the recipient address to which the coins will be transferred.

✔ Move your cryptocurrency for the exchange.

✔ Receive your coins.

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The views and opinions expressed here are solely those of the author. Every investment and trading move involves risk. You should conduct your own research when making a decision.

January 27, 2020