Table of Contents:
- Coin prognosis
- What is Binance Coin coin?
- Future price prediction
- Frequently asked questions
- Historical Price Data
- Where to buy BNB
Possible bearishness on Binance Coin Downside
Over the past few weeks, Binance Coin's price has performed poorly in relation to the market. This poor performance is reflected in it's daily price movements which heavily influences our ranking algorithms. Buying BNB at this time may lead to loss of capital. However, if you believe this is a good project, take a look at our Fundamental analysis and do a detailed due diligence, then accumulate a long-term position.
| BNB Price | $291.9800 USD |
| Price Change24h | $3.3400 USD (1.16%) |
| 24h Low / 24h High | $286.7513 / $294.6744 USD |
| Trading Volume24h | $547,071 USD |
| MarketCap | $47,673,610,240 USD |
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 |
|---|---|---|
| Dec 4, 2022 | $294.6744 | Neutral |
| January, 2023 | $ 330 USD | Upside |
| February, 2023 | $ 295 USD | Upside |
| March, 2023 | $ 307 USD | Upside |
| June, 2023 | $ 294 USD | Downside |
| December, 2023 | $ 595 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 $595.3100 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 $595.3100 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? | $595.3100 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 = $595.3100 USD. |
| What is the Binance Coin price prediction for 2025? | By the year 2025, the price of one BNB could be as high as $2976.5499 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 fluctuations. Poor volume like BNB has is a good indication of bearishness in the short term.
| Date | Price | Volume |
|---|---|---|
| December 3, 2022 | $293.48 | $341,279 |
| December 2, 2022 | $292.37 | $21,014,604 |
| December 1, 2022 | $300.34 | $35,766,678 |
| November 30, 2022 | $295.28 | $23,575,289 |
| November 29, 2022 | $293.35 | $24,081,692 |
| November 28, 2022 | $307.23 | $29,916,014 |
| November 27, 2022 | $311.1 | $19,915,102 |
| November 26, 2022 | $300.29 | $36,723,810 |
| November 25, 2022 | $299.75 | $25,296,641 |
| November 24, 2022 | $297.97 | $28,267,439 |
| November 23, 2022 | $265.98 | $30,454,553 |
| November 22, 2022 | $253.56 | $11,384,579 |
| November 21, 2022 | $263.88 | $18,155,709 |
| November 20, 2022 | $272.1 | $10,311,863 |
| November 19, 2022 | $273.69 | $14,101,934 |
| November 18, 2022 | $267.72 | $19,139,085 |
| November 17, 2022 | $271.8 | $12,786,644 |
| November 16, 2022 | $276.65 | $26,997,979 |
| November 15, 2022 | $278.41 | $31,813,549 |
| November 14, 2022 | $276.38 | $26,811,844 |
| November 13, 2022 | $282.3 | $31,157,012 |
| November 12, 2022 | $289.47 | $45,611,618 |
| November 11, 2022 | $303.26 | $52,132,623 |
| November 10, 2022 | $260.82 | $78,492,453 |
| November 9, 2022 | $328.25 | $151,948,841 |
| November 8, 2022 | $337.08 | $328,636,558 |
| November 7, 2022 | $338.13 | $93,017,815 |
| November 6, 2022 | $349.47 | $42,615,635 |
| November 5, 2022 | $354.64 | $47,885,312 |
| November 4, 2022 | $329.55 | $91,246,829 |
Where and How to Buy Binance Coin (BNB) Coin
There are 3 steps to purchasing Binance Coin. They are:
- Buy Bitcoin: Buying Bitcoin in 2022 is a fairly simple matter which we don't need to go in-depth on. The best places to but Bitcoin directly today with USD or your native currency are: Coinbase, Binance and Paypal. Luckily, some exchanges allows you to purchase BNB directly with USD. They are: ftx, binanceusa, Coinsbit, EXRATES, P2PB2B, Yobit, .
- Move the Bitcoin to an Exchange that supports BNB: Once you have purchased BTC, the next step is to move the BTC to an exchange that supports the BNB/BTC trading pairs.
At the moment, BNB is currently available for purchase with Bitcoin at Binance, HitBTC, Coinsbit, P2PB2B, Yobit, binancedex, Binance, ftx, binanceusa, BitMart, HitBTC, bitmax, Kucoin, Coinsbit, EXRATES, CoinEx, Bitforex, P2PB2B, StocksExchange, Yobit, binancedex, . - Buy Binance Coin on the Exchange: Now, you can buy Binance Coin with your Bitcoin on your preferred exchange from the options we provided. Some of these exchanges support different BNB pairs. Below is a detailed breakdown of each exchange and the trading pairs it supports.
USD Exchanges
| Exchange | Trade Pair | Volume | Exchange Grade |
|---|---|---|---|
| ftx | BNB/USD | $6,479,341 USD | A |
| binanceusa | BNB/USD | $14,314,692 USD | BB |
| Coinsbit | BNB/USD | $1,280,593 USD | B |
| EXRATES | BNB/USD | $303,565 USD | B |
| P2PB2B | BNB/USD | $23,549,492 USD | D |
| Yobit | BNB/USD | $37 USD | D |
Bitcoin Exchanges
| Exchange | Trade Pair | Volume | Exchange Grade |
|---|---|---|---|
| Binance | BNB/BTC | 2406.0222 BTC | A |
| ftx | BNB/BTC | 1.9721 BTC | A |
| binanceusa | BNB/BTC | 34.4837 BTC | BB |
| BitMart | BNB/BTC | 218.7585 BTC | BB |
| HitBTC | BNB/BTC | 10.8793 BTC | B |
| bitmax | BNB/BTC | 21.9394 BTC | B |
| Kucoin | BNB/BTC | 15.0017 BTC | B |
| Coinsbit | BNB/BTC | 35.7815 BTC | B |
| EXRATES | BNB/BTC | 2.4200 BTC | B |
| CoinEx | BNB/BTC | 2.9092 BTC | C |
| Bitforex | BNB/BTC | 120.2055 BTC | C |
| P2PB2B | BNB/BTC | 6.4249 BTC | D |
| StocksExchange | BNB/BTC | 0.0758 BTC | D |
| Yobit | BNB/BTC | 0.0002 BTC | D |
| binancedex | BNB/BTC | 0.9410 BTC | - |
Eth Exchanges
| Exchange | Trade Pair | Volume | Exchange Grade |
|---|---|---|---|
| Binance | BNB/ETH | 19467.4585 ETH | A |
| HitBTC | BNB/ETH | 20.4613 ETH | B |
| Coinsbit | BNB/ETH | 1964.6202 ETH | B |
| P2PB2B | BNB/ETH | 352.2520 ETH | D |
| Yobit | BNB/ETH | 0.0062 ETH | D |
| binancedex | BNB/ETH | 101.1437 ETH | - |
