BNB Price Prediction: Is Binance Coin a Good Investment?

May 3, 2024

Binance Coin (BNB) is a digital currency that powers the BNB Chain, an open-source, community-driven, and decentralized ecosystem, and the Binance platform. The company was introduced in July 2017 through an Initial Coin Offering (ICO) led by Binance CEO Changpeng Zhao and Co-Founder and CMO He Yi. What will happen to BNB coin in the future and how will its price move? Discover the BNB price prediction in StealthEX’s latest article.

As the native token for the Binance crypto exchange, BNB’s primary use cases are to pay for transactions on the BNB Chain as well as serve as incentives on Binance’s centralized crypto exchange. BNB is quite prominent in the world of crypto as Binance is the largest and most well-known cryptocurrency exchange in the world.

Current BNB Price	BNB Price Prediction 2025	BNB Price Prediction 2030
$566.5	$1,133	$5,224

Article contents

Binance Coin (BNB) Overview

The Binance coin is versatile, however, mostly limited to the needs of the exchange. It boosts the operation of the Binance exchange and its ecosystem. It supports multiple utilities such as trading fees, exchange fees, listing fees, and any other fees. The BNB Chain uses a unique combination of Proof-of-Stake (PoS) and Proof-of-Authority (PoA) consensus mechanisms to validate network transactions. The combination of both models leads to comparatively lower fees and faster transaction speeds on the network. Native token to one of the largest exchanges in the world, BNB powers a growing ecosystem of dApps, DeFi, and Binance exchange users.

Current Price	$566.5
Market Cap	$83,606,518,332
Volume (24h)	$767,608,799
Market Rank	#4
Circulating Supply	147,587,572 BNB
Total Supply	147,587,572 BNB
1 Month High / Low	$626.98 / $514.11
All-Time High	$690.93 May 10, 2021

Since its inception in 2017, Binance has become one of the largest brands in the blockchain industry. Aside from being the largest crypto exchange, it has launched an entire ecosystem of crypto-related functionalities. BNB is an integral component of this ecosystem.

BNB Coin Features

Binance coin offers a number of features within the crypto space. These are:

Medium of exchange. BNB can be used to pay fees on the Binance exchange, such as trading fees, listing fees, and withdrawal fees. Using BNB to pay these fees can result in discounts, which can be an incentive for traders to hold and use BNB.
Utility. In addition to being used on the Binance exchange, BNB is also used as a form of payment for goods and services on a growing number of merchants and platforms. This increases the utility and adoption of BNB beyond the Binance exchange.
Limited supply. BNB has a total supply of 200 million tokens, with a portion of these tokens being used to pay fees on the Binance exchange. This limited supply can increase the demand for BNB, as traders and users may view it as a scarce asset.

Binance Coin (BNB) Price History Highlights

2017-2018: Binance initially created the BNB coins to enable it to raise funds through an ICO. The BNB price at the time of the ICO was 15 cents. Binance offered 100 million BNB coins for sale and raised funds worth nearly $15 million at the time in BTC and ETH. A month after the ICO, the BNB price dropped to an all-time low of $0.09.
2019: In 2019, BNB coin reached $38. The bearish trend that began after this continued until mid-December, with the price dropping to $12.11. During the next two years its price remained quite low for such a prominent exchange.
2020: In 2020, BNB started the year with its price doubling in a month and a half, reaching $27.19. After that, the coronavirus pandemic affected the market. Prices declined, culminating in a panic in the crypto market in mid-March. A bullish trend finally took shape and continued throughout the rest of the year. On 31 December 2020, BNB’s price was $37.36.
2021: In 2021 the coin’s price experienced a significant boost. On May 10, 2021, the BNB’s reached $690.93 at its all-time high.
2022: BNB coin price surged by 50% in late 2021 but was considerably lower in 2022.
2023: In 2023, BNB dropped 23% due to Binance being sued by the SEC.
2024: By 3 January 2024, the value of a single BNB coin exceeded $312.13, a significant contrast from its all-time high of $600 in November 2021. At the moment, one BNB coin costs about $566.5.

BNB to USD Price Chart

CoinMarketCap, 3 May 2024

BNB Price Prediction

Year	Minimum Price	Maximum Price	Average Price	Price Change
2024	$503	$1,233	$868	+54%
2025	$843	$1,424	$1,133	+101%
2030	$2,569	$7,880	$5,224	+827%
2040	$7,045	$137,590	$72,317	+12,744%

Binance Coin Price Prediction 2024

DigitalCoinPrice experts expect that in 2024 BNB coin’s price might hit a new all-time high of $1,233 (+118%), while at its lowest point it can drop to $503 (-10%).

PricePrediction crypto analysts believe that in 2024 BNB coin will cost more, albeit insignificantly: it’s expected to cost $762 (+35%) at its low, while at its peak BNB will rise to $865 (+53%).

Telegaon crypto experts think that the minimum lowest price BNB can hit in 2024 is $642 (+14%) vs its maximum price of $839 (+49%).

BNB Price Prediction 2025

DigitalCoinPrice crypto analysts think that in 2025 BNB coin might reach $1,424 (+152%) per coin at its highest point. Its lowest price might drop to $1,208 (+114%).

Based on PricePrediction forecasts, in 2025, BNB’s lowest price is projected to be $1,098 (+95%), while at its highest point it can reach $1,364 (+142%).

Telegaon analysts expect that in 2025, BNB coin will reach a maximum price of $921 (+63%), while at its lowest point it can drop to a minimum of $843 (+49%).

BNB Price Prediction 2030

DigitalCoinPrice analysts believe that by 2030, BNB coin will rise to reach a maximum level of $3,792 (+573%), while its minimum price will drop to $4,200 (+646%).

According to PricePrediction, by 2030 BNB will see a lowest price of $6,332 (+1,024%), while it can peak at $7,880 (+1,299%).

Analysts at Telegaon are of the opinion that by 2030, BNB Coin is going to reach $3,175 (+463%) at its peak and might trade at a minimum of $2,569 (+356%).

BNB Coin Price Prediction 2040

According to PricePrediction forecasts, in 2040 BNB will hit an incredible price level: its minimum price is expected to be $111,477 (+19,699%), while its maximum price is going to soar to $137,590 (+24,337%).

Telegaon analysts expect BNB coin to rise to reach a maximum level of $8,660 (+1,438%), while its minimum price in 2040 will drop to $7,045 (+1,151%).

BNB Price Prediction: Experts’ Opinions

Binance continues to develop as an exchange, and BNB coin continues to develop as a token. In March, BNB Chain introduced the Airdrop Alliance Program. While the developers did not share specific details for the program, it described it as a way to reward users on the Binance Smart Chain (BSC) by airdropping rewards. The announcement catalyzed the rally toward $600.

In connection with BNB’s features and developments, crypto analysts believe that BNB is going to rise in price in the coming years. Although many of them don’t believe that it will skyrocket in the next few years, analysts at CryptoNewsz, along with many other experts, think that by 2030, BNB could go as high as $2,296.

BNB USDT Price Technical Analysis

Tradingview, May 3, 2024

Now that we’ve seen possible price predictions for BNB, let’s find out a bit more about the factors that can influence its price.

Factors Affecting Binance Coin Price

Because of the market’s volatility and the product’s increasing acceptance, the price of BNB has experienced notable changes. The demand and price of BNB are directly impacted by the wider use of Binance Chain for dApps and smart contracts. The demand for BNB rises as more projects select Binance Chain due to its fast transactions and low transaction fees.

In addition, the expansion and prosperity of the Binance ecosystem, which includes Binance Exchange, Binance Chain, and other associated services, are directly linked to the value of BNB. New features or partnerships that improve the ecosystem can have a beneficial impact on BNB’s price. Moreover, a percentage of the BNB supply is permanently removed from circulation by Binance through quarterly token burns. Because of the increased scarcity of the token, these burns, which are intended to lower the total supply of BNB, may cause its price to rise.

When assessing BNB coin as an investment, keep the following considerations in mind:

Supply and demand;
Market adoption;
Binance ecosystem growth;
Token burn events;
Regulatory environment;
News and developments.

Risks and Opportunities

Launched on September 1, 2020, the Binance Smart Chain (BSC) attempted to be a solution to the network congestion issues and high fees that plagued the Ethereum blockchain. BSC can handle smart contracts and be used to build dApps and enjoy really fast speeds and low transaction fees while being programmable. With its native token BNB, the Binance Smart Chain is considered to be one of the most widely used in the industry.

However, BNB’s future is ultimately tied to Binance’s success as a profitable company, including financial, cryptocurrency, and Binance-specific regulatory risks. The potentially catastrophic downside risk for BNB increases due to Binance owning or managing more than ~86.85% of the token. Failed cryptocurrency firms pose a persistent threat, as do exchange hacks.

Unlike a traditional cryptocurrency like Bitcoin or Ethereum, the BNB token is subject to both of these (frequent) adverse events. It is also true that beyond the hacking of Binance, the BSC chain has become a playground for scam coins, hacks, exploits, and ‘rug pulls,’ because of its simple deployment of centralized projects and unsophisticated user base. All in all, the blockchain is not without its faults, and this is also something that should be taken into consideration when planning to invest in BNB coins.

Is BNB a Good Investment?

Given its anticipated future price growth, BNB may be a worthwhile alternative investment to take into account. It’s good to remember that BNB has a regular coin burn mechanism in place, which is exerting a deflationary impact on the coin’s supply. However, BNB is issued by a single entity, which makes it similar to a security. However, investors should conduct their own research to ensure they understand what they are investing in.

How High Can BNB Crypto Go?

Websites like PricePrediction believe that by 2040, BNB coin can very well cost as much as $137,590 at its ultimate peak.

How Much Will 1 BNB Be Worth in 2025?

PricePrediction expects that by 2025, BNB crypto is going to cost $1,364 at its maximum.

How Much Will BNB Be Worth in 2030?

PricePrediction experts believe that by 2030 BNB is going to cost $7,880 at its maximum.

What Is the Price Prediction for BNB Coin in 2040?

Telegaon experts think that by 2040, BNB coin will rise in price to reach $8,659 per coin at its highest point.

What Is the Price Prediction for BNB in 2050?

PricePrediction states that by 2050, BNB might reach a whopping $230,853 per coin.

Will BNB Reach $500?

It reached $500 in March 2024.

Can BNB Reach $1000 USD?

It is very much possible. According to some Binance Coin prediction algorithms, Binance Coin could hit $1,000 in August 2024.

Will BNB Reach 10000 Dollars?

It is possible. According to a number of Binance Coin predictions, Binance Coin will hit $10,000 after 2040.

Conclusion

Binance’s ongoing efforts to expand its services and improve the Binance Smart Chain could foster further adoption and demand for BNB. As DeFi continues to grow, Binance Smart Chain could become a more prominent player in the space, potentially boosting BNB’s value. These factors, along with wider adoption, cryptocurrency development and a more stable regulatory environment, can contribute to the expansion of the chain and to the price of BNB in the future.

Where to Buy BNB Coin Without Binance?

StealthEX is here to help you buy BNB crypto if you’re looking for a way to invest in this cryptocurrency. You can buy BNB privately and without the need to sign up for the service. StealthEX crypto collection has more than 1500 different coins and you can do wallet-to-wallet transfers instantly and problem-free.