BNB Price Prediction 2023 - 2030

Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com.

Binance Coin (BNB) is the native token of Binance – the world's largest cryptocurrency exchange. Although BNB has several use cases within the scope of the Binance ecosystem, it's also widely used by investors to gain exposure to the exchange's growth and success.

This article presents our in-depth BNB price prediction, covering the token's price history and detailing our thoughts on its value potential. We'll also highlight where investors can buy Binance Coin today before showcasing several alternative cryptos that investors may wish to consider.

BNB Price Prediction Summary

We’ll go into more detail on our BNB price forecast later in this article, detailing why many market participants now believe it to be the hottest crypto to buy. But for now, here’s a brief overview of our price estimations for the years ahead:

• End of 2023: Assuming Binance continues to dominate the crypto market, we should see demand for BNB rise even more. If this occurs, our BNB forecast estimates the coin’s price could reach $500 by the end of 2023.
• End of 2024: If BNB continues to attract more users it could potentially jump above the $700 mark by the end of 2024.
• End of 2025: BNB’s value is inherently linked to the growth of the Binance exchange – which will be fuelled by further innovation in the crypto market. For this reason, we estimate that BNB could be valued at $1,100 by the end of 2025.
• End of 2030: Finally, we estimate the BNB crypto price could hit $2,500 by the end of 2030. This would represent a 606% increase from today’s price.

Binance Coin Price History

Before diving into the details of our BNB price prediction, it's essential to provide some context by summarizing what Binance Coin is and how its price arrived at this point. As defined by Binance itself, BNB is the native token of the BNB Chain – Binance’s decentralized ecosystem. 

The BNB Chain was actually formed by the merger of the BNB Beacon Chain and the BNB Smart Chain, both of which have their own use cases. The BNB Beacon Chain uses the BEP2 standard, also used by the BNB coin, enabling users to make fast and low-cost transfers.

On the other hand, the BNB Smart Chain is a blockchain network that allows decentralized application (dApp) developers to build their projects. Interestingly, the BNB Smart Chain has smart contract functionality and is compatible with the Ethereum Virtual Machine (EVM).

So how does this relate to BNB? Put simply, BNB powers the entire ecosystem, allowing network users to make trades, conduct staking, invest in new projects, and even as a speculative asset. One of BNB’s main benefits is that it provides some hefty trading fee discounts for Binance users –25% off spot/margin trading fees and 10% off futures trading fees.

Although Binance Coin isn’t a new cryptocurrency, it has been in the news for reasons we'll discuss in the next section. However, BNB has maintained a relatively strong reputation as an investment asset following its tremendous price rise in early 2021.

Between January 2021 and May 2021, the BNB token price surged by 1,586%. According to CoinMarketCap, this created an all-time high of $690.93. However, this high was short-lived, and the price immediately crashed – along with the rest of the crypto market.

The BNB coin price rose again in November 2021, yet the bullish run ended just before May 2021's highs. As of February 2023, Binance Coin is valued at around $332 – nearly 52% lower than all-time highs.

Before diving into our BNB price prediction for the years ahead, let’s briefly recap some key points concerning the Binance Coin price history: 

• Binance Coin (BNB) is the native token of the BNB Chain ecosystem
• BNB has various use cases within the ecosystem, such as paying for trading fees, investing in new projects, and even paying for goods and services
• BNB had its first significant bull run in early 2021, hitting an all-time high of $690.93 in May 2021
• After a dramatic fall, BNB rose once more in November 2021 – yet couldn’t breach previous highs
• Since November 2021, BNB’s value has decreased substantially until February 2023 and is now 52% lower than its all-time high level

Crypto assets are highly volatile investment products. Your capital is at risk.  

BNB Price Prediction 2023

The BNB price today is hovering around the $332 level and looks to have been rejected from the vital support region at the $340 price point. A close above this level can set the stage for a near-term rally in the coming months.

The whole saga with FTX will likely play into Binance's hands, as Sam Bankman-Fried has become a controversial figure within the scope of the crypto market. Bankman-Fried had already made sizable political donations and was more than happy to work with regulators, leading many to believe that his actions would cause the crypto market to become more 'centralized.'

Many of the best long-term crypto projects rely on decentralization, so Bankman-Fried’s actions were viewed with concern, especially by Changpeng Zhao. The fact that Bankman-Fried (and FTX) are now out of the picture is excellent news for Binance, as it means the exchange now controls most of the market and doesn't have to worry about regulatory oversight – at least for now.

The more of the market Binance controls, the greater the demand for Binance Coin. This is true for several reasons, mainly because Binance's fees are paid in BNB. So, if someone wishes to buy, sell, or trade crypto using Binance, they'll likely have to invest in BNB – creating bullish price pressure. 

With that in mind, our BNB price prediction estimates that the coin could cross $500 by the end of 2023. This would represent an over 53% increase from today’s price.

Crypto assets are highly volatile investment products. Your capital is at risk.  

BNB Price Prediction 2024

BNB's stability and success can be attributed to its robust foundation. The coin has gained trust and popularity through its associations with well-established companies and ventures. 

Binance provides incentives for those who use BNB on its platform by covering substantial transaction fees. As Binance continues to grow and attract more users, the utilization and importance of Binance Coin will also rise, driving up its value and future potential.

Given the current tendencies of the market to rebound from its multi-monthly lows, it is likely that 2024 could continue to see a rise in the prices of the altcoin market. Moreover, Binance's current growth rate reaffirms the exchange's growth prospects in the coming times. Considering these factors, BNB could rise above the $700 mark by the end of 2024.

BNB Price Prediction 2025

Finally, how does our BNB price prediction for 2025 shape up? Given how well the FTX situation has played out for Binance, many investors looking to get rich off crypto will now gravitate towards Binance Coin. Since Binance Coin is inextricably linked to the Binance exchange, its price will naturally rise as the exchange grows in stature.

According to a report from Fortune Business Insights, the cryptocurrency market is projected to value over $1.9trn by 2028, equating to a CAGR of 11.1% between now and then. This means the crypto market's value is expected to more than double in the next six years, highlighting the massive opportunity that Binance now has.

The crypto market's projected growth should also present new and exciting use cases for BNB. More dApp developers than ever are choosing to host their creations on the BNB Chain, adding even more utility to Binance Coin. Naturally, the larger Binance grows, the more popular the BNB Chain will become – leading to greater demand for Binance Coin.

Putting all of this together, our Binance Coin price prediction for 2025 estimates the coin could reach a valuation of $1,100.

BNB Price Prediction 2030

Binance ensures a controlled reduction in the supply of Binance Coin (BNB) as demand grows. The platform systematically eliminates a portion of BNB every three months, making BNB a deflationary asset and enhancing its prospects.

BNB serves as a payment option and expands possibilities in the Binance ecosystem, including savings programs, staking in the DeFi space, and liquidity generation through the BNB vault.

BNB's value has been affected by the recent bearish trend in the cryptocurrency market and concerns surrounding Binance's relationship with the SEC. Despite these challenges, expectations for BNB remain optimistic.

Looking further, our Binance Coin price prediction for 2030 sees the coin hit the $2,500 level – an over 640% increase from today’s price.

BNB Price Potential Highs & Lows

As the sections above have highlighted, our BNB price prediction for the years ahead is relatively bullish – made even more so by the capitulation of the FTX exchange. The table below presents a summary of our predictions, along with the potential lows that could occur:

Where to Buy Binance Coin

Given Binance’s huge market share, many now believe that BNB is the best crypto to buy due to its long-term potential. However, those interested in purchasing BNB must identify a suitable broker that offers the coin whilst also providing a safe trading environment. 

Through our research and testing, we’ve found that eToro satisfies these criteria. eToro is a gigantic online trading platform that allows users to buy and sell stocks, ETFs, commodities, currencies – and crypto. The platform serves more than 28 million users globally and is regulated by tier-one entities like the FCA, ASIC, CySEC, FinCEN, and FINRA.

One of eToro’s most appealing features is its transparent fee structure, which sees traders pay just 1% (plus the spread) when they buy or sell crypto. eToro currently offers 78 different coins to trade, including BNB, and allows investors to open positions from just $10. 

Regarding account funding, eToro accepts deposits via credit/debit card, bank transfer, or e-wallet – with full support for PayPal, Skrill, and Neteller. Deposits are free to make, and eToro allows traders to fund their accounts with as little as $10.

eToro also offers a variety of trading tools, including real-time price charts, technical indicators, and even a free crypto wallet app. This wallet app supports hundreds of coins and tokens, featuring an unlosable private key and DDoS protection.

Crypto assets are highly volatile investment products. Your capital is at risk.  

Is BNB the Best Crypto to Invest in Today?

Rounding off this BNB price forecast, can the coin be considered the best crypto to invest in today? Stating it’s the ‘best crypto’ is hard to do, given there are so many exciting projects out there. However, in our opinion, BNB now has exceptional potential and could represent a valuable long-term asset.

Given Binance’s increased dominance in the crypto market, it’s likely that BNB will become one of the top crypto gainers in the coming months. Moreover, the BNB Chain continues to innovate, and projects like PancakeSwap, Venus, and CryptoBlades are just three that have made waves in the past year.

Although Ethereum has transitioned to a Proof-of-Stake (PoS) protocol, the network still has relatively high fees. BNB Chain is a viable alternative, as it offers low costs whilst being able to handle an increased number of transactions per second (TPS). This network also provides rapid transaction speeds, leading many developers to consider it ahead of Ethereum.

For these reasons, we believe BNB is one of the most exciting assets on the market right now – meaning it's certainly worth keeping an eye on. However, investors may also wish to consider other coins that could offer higher returns in a shorter timeframe. With that in mind, detailed below are two projects that have been generating massive attention from the media in recent months:

Meta Masters Guild ($MEMAG) – New Gaming Platform Offering High P2E Rewards

Meta Masters Guild (MMG) is changing the Play-to-Earn (P2E) gaming world by infusing cutting-edge web 3.0 technology into its mobile-focused gaming offerings. MMG seeks to keep players entertained by providing attractive rewards via its top-notch crypto games.

The project’s presale thus far has already raised over $3.4 million USDT. Users who buy $MEMAG tokens at the current rate of $0.021 USDT can anticipate a boost in value to $0.023 in the next phase.

MMG is paving the way in the gaming industry with its creative innovations, such as NFT trading and access to in-game currency through Gems in its digital marketplace. The platform is making the complexities of web 3.0 accessible and user-friendly.

Moreover, integrating NFTs into digital wallets adds a thrilling dimension to the gaming experience. Also, the launch of Gems, a virtual currency that players can earn through various games, has added a new layer of excitement to the platform. Players can trade their Gems for $MEMAG, MMG's native token, increasing player engagement and offering valuable rewards. 

The platform’s growth strategy is outlined in its litepaper, featuring partnerships with well-known game developers. By incorporating $MEMAG into popular games, MMG aims to spur player motivation and raise demand for its token.

$MEMAG Tokenomics

Built on the dependable ERC-20 protocol, the $MEMAG token boasts a finite total supply of 1 billion tokens, with 350 million tokens up for grabs during the presale.

Stay on top of all updates and advancements to the platform by joining MMG’s Telegram community.

Fight Out ($FGHT) – Revolutionary Move-to-Earn Platform 

Fight Out has created a leading-edge platform to incentivize users for finishing their daily workouts and other fitness challenges.

At press time, the project has already seen a solid uptick in its traction as it raised nearly $4 million USDT within just a few days of its presale launch. Investors have an excellent opportunity to buy $FGHT at a discounted price of $0.02047 USDT. Also, the CEX listings from 5 April will push $FGHT toward $0.033 USDT in the coming times.

To effectively gamify the fitness lifestyle, Fight Out has devised a new-age metaverse for its users. In fact, users can create their own unique NFT avatars known as ‘Soulbound’ avatars. These avatars will display fitness stats that correspond to the users’ actual life fitness levels. Moreover, users can socialize with fellow community members while competing with them in the platform’s metaverse. 

In addition to this, Fight Out has built an in-app currency called ‘REPS’ to reward users for completing fitness challenges. REPS can be leveraged to get monthly membership discounts, purchase cosmetic NFTs, and other so on. Investors can read Fight Out’s whitepaper to enhance their understanding of its features.

$FGHT Tokenomics & Purchase Bonuses

$FGHT is Fight Out’s native token with a limited supply of 10 billion tokens. From these, 9 billion tokens are available for purchase through the presale stages.

 Additionally, investors are entitled to purchase bonuses as well that start from 10%. To get this starting bonus, buyers can simply start with an investment of $500 with 6 months of vesting. If the investors choose to stake the $FGHT tokens after buying them, they can also get exciting membership rewards.

Crypto enthusiasts taking part in Fight Out’s presale stages can get an additional 50% of tokens when they purchase the $FGHT tokens. Users should consider joining the project’s Telegram channel to stay updated.

BNB Price Prediction – Conclusion

To conclude, this article has presented our in-depth BNB price prediction, covering what the token is, how it works, and why we feel it has positive value potential over the long term.

Although BNB is undoubtedly an exciting asset, there are other cryptos to consider alongside it – such as Meta Masters Guild. The platform features state-of-the-art games that allow users to get rewarded for playing fun-filled games. Early investors can get their hands on $MEMAG tokens at a discounted price of $0.021 USDT through the project’s current presale stage.

FAQs

Is BNB a good investment?

BNB could represent a good investment opportunity for those that believe the token is undervalued at current prices. Binance Coin's value has been on a steady downtrend since November 2021, yet the stage is set for a rebound now that Binance has a stronger footing in the crypto market.

What will BNB be worth in 5 years?

Our BNB price prediction estimates that the token could be valued at $2,000 in five years. This high valuation will likely be fuelled by growth in the broader crypto market and additional use cases for Binance Coin.

Does BNB have a good future?

In our opinion, yes – BNB does have a good future. It’s now unlikely that any other exchange will challenge Binance’s dominance, meaning as its native token, BNB will naturally be in high demand as the crypto market grows larger.