Table of Contents:
- Coin prognosis
- What is Binance Coin coin?
- Future price prediction
- Frequently asked questions
- Historical Price Data
Why we are bullish on Binance Coin Up Only
Our coin price forecasting algorithm indicates bullishness on the BNB/USD pair. This means it will do well in the near to long term. This page will offer an in-depth look on short-term and mid to long-term price predictions/possible price movements for Binance Coin, using ranking algorithms that are based on Historical price data.
What is Binance Coin? Fundamental Analysis
BNB powers the Binance ecosystem and is the native asset of the Binance Chain. BNB is a cryptocurrency created in June 2017, launched during an ICO in July, and initially issued as an ERC-20 token. Designed to be used for a fee reduction on the Binance exchange, its scope was extended over the years.BNB powers the Binance Chain as its native chain token. For instance, it is used to pay fees on the Binance DEX, issue new tokens, send/cancel orders, and transfer assets.BNB is also powering the Binance Smart Chain, which is an EVM-compatible network, forked from “go-ethereum”. It supports smart contracts and relies on a new consensus mechanism: Proof-of-Staked Authority (PoSA) consensus (“Parlia”), which incorporates elements from both Proof of Stake and Proof of Authority. BNB is used for delegated staking on the authority validator, leading to staking rewards for users and validators.Besides its on-chain functions, BNB has multiple additional use-cases such as fee discounts on multiple exchanges (e.g., Binance.com), payment asset on third-party services, and participation rights & transacting currency on Binance Launchpad.At the core of the economics of BNB, there is a burn mechanism leading to period reductions in its total supply (~ every three months). From its initial maximum supply of 200 million, burns are expected to continue until the supply reaches 100 million.Whitepaper
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Future price prediction
| Date | Price | Possible movement |
|---|---|---|
| Jun 22, 2021 | $342.6740 | Neutral |
| July, 2021 | $ 387 USD | Upside |
| August, 2021 | $ 516 USD | Upside |
| September, 2021 | $ 431 USD | Upside |
| December, 2021 | $ 656 USD | Upside |
| June, 2022 | $ 670 USD | Upside |
BNB Crypto Price Forecast: Frequently Asked Questions
| Question | Answer |
|---|---|
| Will Binance Coin rise today? | Our data indicates Binance Coin will rise today. It's already higher than it's opening price. That's a great sign |
| What will be the highest price of Binance Coin (BNB) in future? | Our analysis shows a possible all time high of $670.4475 USD |
| Will Binance Coin (BNB) price increase in future? | Our prognosis shows Binance Coin (BNB) will increase exponentially in future, attaining a possible coin price of $670.4475 USD |
| Will an Investment in Binance Coin (BNB) be profitable or make a loss? | Binance Coin will be a profitable investment in the next 1 year, giving hodlers a good return. |
| What will be the highest price of Binance Coin (BNB) in future? | $670.4475 USD |
| Will the price of Binance Coin (BNB) move downward in future? | Up only |
| At the end of the year, what will be the price of 1 Binance Coin? | Our algorithms indicates an end of year price of 1 BNB = $670.4475 USD. |
| What is the Binance Coin price prediction for 2025? | By the year 2025, the price of one BNB could be as high as $3352.2376 USD |
| Binance Coin price prediction for 2030? | Too hard to predict. The crypto market changes rapidly. Hence, s lot can change between now and 2030. |
| Where do I buy Binance Coin? | We painstakingly listed out some great options for you. Purchase BNB coin here → |
Historical Price Data (USD)
Pay close attention to daily volume flutuations. Rising volume like Binance Coin has is a great indication it will do well in the short term.
| Date | Price | Volume |
|---|---|---|
| June 21, 2021 | $338.99 | $27,578,043 |
| June 20, 2021 | $334.24 | $62,782,976 |
| June 19, 2021 | $337.38 | $45,165,760 |
| June 18, 2021 | $352.83 | $68,662,619 |
| June 17, 2021 | $347.26 | $59,641,453 |
| June 16, 2021 | $366.8 | $68,106,600 |
| June 15, 2021 | $370.17 | $78,749,108 |
| June 14, 2021 | $365.87 | $103,509,597 |
| June 13, 2021 | $343.87 | $85,185,529 |
| June 12, 2021 | $345.88 | $86,112,360 |
| June 11, 2021 | $351.99 | $104,234,426 |
| June 10, 2021 | $375.79 | $106,189,111 |
| June 9, 2021 | $353.14 | $140,215,994 |
| June 8, 2021 | $358.12 | $80,203,224 |
| June 7, 2021 | $393.75 | $63,397,435 |
| June 6, 2021 | $390.21 | $75,632,349 |
| June 5, 2021 | $390.73 | $135,875,557 |
| June 4, 2021 | $428 | $181,784,312 |
| June 3, 2021 | $401.7 | $162,970,119 |
| June 2, 2021 | $362.47 | $218,240,710 |
| June 1, 2021 | $353.89 | $167,235,741 |
| May 31, 2021 | $325.74 | $208,381,449 |
| May 30, 2021 | $305.2 | $215,877,392 |
| May 29, 2021 | $329.16 | $172,881,391 |
| May 28, 2021 | $369.51 | $360,656,131 |
| May 27, 2021 | $379.83 | $211,035,621 |
| May 26, 2021 | $343.49 | $237,231,442 |
| May 25, 2021 | $345.81 | $286,400,803 |
| May 24, 2021 | $261.63 | $369,535,714 |
| May 23, 2021 | $299.71 | $295,489,851 |
