Binance exchange took the market by storm. So did its native digital asset called Binance coin or BNB. In this article, we will cover our own and market’s opinion on BNB future while discussing BNB price forecast for 2023 and beyond.
Please bear in mind that you should take this and any other prediction with a grain of salt since predicting anything is a thankless task, let alone predicting the future of a novel, highly volatile financial asset like BNB.
Now, let’s head into it.
Before we delve deep into the BNB price prediction and answer questions if Binance Coin is a good investment or not, why will BNB succeed or fail or why will BNB price rise or drop, let’s quickly throw a glance at what is Binance Coin and its to date history.
While you are here, check out our Binance review as well.
Binance Coin Intro
Before we delve deep into the Binance coin price prediction, let’s quickly throw a glance at what is BNB and its to date history.
Binance exchange was launched much later than it competitors but the team behind charismatic CEO CZ, swept the market and its competitors and won the hears to millions of traders, making it one of the largest and most trusted crypto exchanges today.
The exchange’s revenue model is primarily driven by trading fees with the maximum fee being 0.1% per trade. A variety of discounts are available to the standard 0.1% fee from periodic promotions, volume based discounts, and most notably use of the Binance token (BNB) to pay fees.
Currently, users that pay trading fees with BNB receive a 25% discount, with that number halving each year until it is phased out in 2021. To complement fixed fee trading Binance has been exploring maker-taker trading as another potential option for order execution.
Binance pre-mined a total of 200 million BNB tokens prior to its public launch on July 14, 2017 and they intend to buyback and burn 50% (100 million BNB) of the pre-mine token supply over time resulting in a long-term fixed supply of 100 million tokens once the buyback is complete. Buybacks are scheduled to take place quarterly funded by 20% of Binance’s profits.
Captainaltcoin’s BNB Price Prediction
The whole crypto world is on a verge of a complete breakdown. Bitcoin has fallen 75% from its all-time high amid broader market declines caused by raging inflation and US Fed rate hikes. When add the most recent melt-downs of huge industry players (FTX, Celsius, Luna etc) into the equation, the horizont is murky and there will be more blood on the streets of the crypto town. Investors are selling risky assets and moving into more stable markets. Crypto is still perceived as a very risky play and hence the sell off. Our algo still sees a some green in 2023, especially in the second part of the year. This is reflected in our 2023 predictions. Right now, Bitcoin needs to find a bottom before we can move in the opposite direction and reverse the trend. Once Bitcoin settles in the new price range, altcoins will start to do the same - we have witnessed this scenario dozens of times in the distant and more recent history. Our price prediction model is bearish for the next 90 days with a hint of a bull market at the turn of the quarters from Q1 to Q2. We expect whales and other bigger players in the market to finish filling their bags around that time which will cause a typical and sudden crypto spike. CaptainAltcoin team created a price prediction model with a multi-faceted approach to crypto that takes into account both technical analysis and fundamental assessment of each project. Fundamentals that we evaluate are team, tokenomics, use case, community, marketing efforts, liquidity and exchange availability, hype & speculative potential and some other proprietary factors developed in our crypto lab.
BNB Price Prediction For The Next 90 Days
Below is a tabular overview of how will BNB develop in the short-term (for the next 90 days), according to our prediction model:
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Binance Coin Price Prediction 2023
High inflation and extremely unsafe macro situation reflected heavily on Bitcoin price in 2022. When we take the internal crypto troubles with big players like FTX, Celsius, Voyager, Luna going down, 2023 is not looking too good for the bulls. We will probably see a lot of boring sideways price action with a tendency to slip lower with each minor market tremor.
CaptainAltcoin’s prediction model takes market sentiment into an account and reacts accordingly. Below is a month-by-month breakdown of the last months of 2022 and 2023:
BNB Price Prediction 2025
Our prediction model sees BNB reaching $ 841.63 in 2025.
What will BNB be worth in 5 years?
The price of BNB in 5 years could lie around $ 720.11, according to CaptainAltcoin’s prediction model.
Binance Coin Price Prediction 2030 – 2040
What Binance Coin will be worth in 2030?
Our forecasting model sees Binance Coin reaching $2104.07 in 2030.
What Binance Coin will be worth in 2040?
Our forecasting model sees Binance Coin reaching $4208.13 in 2040.
Will Binance Coin replace / surpass / overtake Bitcoin?
No, Binance Coin will not replace or overtake BTC.
Is Binance Coin worth buying?
We are advocates of moderately risky investing – invest most of your crypto portfolio in BTC (50%); 35% in a basket of big cap coins and the rest in small projects with huge upside. So, in this context, Binance Coin is worth buying.
Is Binance Coin a good investment?
Binance Coin is, just like all other cryptocurrencies, a risky investment. It does have higher probability of going up than down because of the good use case, well-designed tokenomics, active community and a solid team behind it.
How much will Binance Coin be worth?
For the short-term future, it could reach $205.91. In the long-term (8-10 years), it could jump to $2104.07 or even higher.
Why will Binance Coin succeed and go up in price?
Binance Coin has a good use case, well-designed tokenomics, active community and a solid team behind it. All of these are a prerequisite for success and that is why our prediction model sees Binance Coin rising up to $2104.07 in 2030.
Why will Binance Coin fail and drop in price?
Crypto projects fail for various reasons. Some of the most common ones are: team goes rogue and abandons the project, regulators declare it illegal and press exchanges to delist it, lack of media attention, more successful competitors, lack of well designed marketing strategy, losing community support, potential vulnerability in the protocol, failing to achieve anticipated minimum developement activity on the protocol, failing to attract new developers to build on their platform.
How high will Binance Coin go?
Our forecasting model sees Binance Coin price exploding and reaching $4208.13 in a distant future.
What is the short-term prediction for Binance Coin?
Binance Coin will reach $205.91 in the next 90 days, which is a 37% change over the current price which hovers around $326.85.
Can Binance Coin make you a millionaire?
Yes, if you buy large enough sum of it. Do not expect to invest $100 and become a Binance Coin millionaire. But 100x price explosions are a common sight in crypto, so a $10k investment in Binance Coin could make you a millionaire.
Binance Coin Price Prediction Today - What will be the price of Binance Coin tomorrow?
Binance Coin will hover around $341.34 tomorrow.
Can Binance Coin reach $1000?
Yes, Binance Coin could reach $1000 by the end of 2024.
Binance Coin – Long-Term Price Prediction
The majority of projects will fail — some starsntups are created just to gather funds and disappear, some would not handle the competition, but most are just ideas that look good on paper, but in reality, are useless for the market.
Vitalik Buterin, co-founder of Ethereum said:
“There are some good ideas, there are a lot of very bad ideas, and there are a lot of very, very bad ideas, and quite a few scams as well”
As a result, over 95% of successful ICOs and cryptocurrency projects will fail and their investors will lose money. The other 5% of projects will become the new Apple, Google or Alibaba in the cryptoindustry. Will BNB be among those 5%?
Considering their parent company is Binance exchange’s rapid expansion and growth, BNB token is almost a safe bet when it comes to surviving.
The token itself is borderline security and this regulation incertitude could be the biggest threat for the otherwise bright future of BNB token.
Considering the well thought and designed token economy with ever decreasing total supply, BNB has a lot of room for price growth. It is one of the rare coins that is actually recording new highs despite the prolonged bear market in cryptocurrency world.
Binance states that they are going to use BNB for other projects that could generate value. You could use it to participate in new ICOs on Binance Launchpad.
No new BNBs are going to be issued (or at least, not for now). There is no verifiable information on who bought BNBs in the ICO or who currently holds it, but if Binance continues growing at the current rate, people always have the economic incentive to buy BNB to save in fees in the first years.
As the number of Binance users grows, so will the number of BNB token holders – which would lead to increased demand and subsequently to price rise. Binance already reports to have around 2.5 million users per month which is a solid base for their token stability.
Barring any huge incidents like hacks or regulation clamp down on Binance exchange, BNB token is one of the rare coins that looks like a good investment right now, even though it already recorded a huge jump in prices this year. Considering that the hype of Binance mainnet and DEX launch is still in its initial phase and BNB token playing a central role in the whole story, BNB token definitely has a lot of room to go up, perhaps even entering top 3 coins, right behind the untouchables: BTC and ETH.
Read also:
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- Cardano Price Prediction – ADA Price Forecast
- Bitcoin Price Prediction– Future Forecast For BTC Price
- Ethereum Price Prediction – Future Forecast For ETH Price
- Ripple’s XRP Price Prediction: Future Forecast for XRP Price
- Binance Coin (BNB) Price Prediction – Future Forecast For BNB Price
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CaptainAltcoin's writers and guest post authors may or may not have a vested interest in any of the mentioned projects and businesses. None of the content on CaptainAltcoin is investment advice nor is it a replacement for advice from a certified financial planner. The views expressed in this article are those of the author and do not necessarily reflect the official policy or position of CaptainAltcoin.com
lol this didn’t age well
You guys can pull down this miserable forecast lol