Are you thinking to invest in Binance Coin? Let’s take a glance of Binance Coin (BNB) price prediction and it’s complete journey since it established. Let’s find where the Binance Coin Price is heading this year.
Let’s walk through the BNB Coin Price Prediction and Forecast!!
Today’s Prediction (07/03/2019)
With the Market Cap of $2,180,750,509 USD and a huge circulating supply of 141,175,490 BNB, Binance trades at $15.45 USD. Binance is in the 7th place in the rating of world cryptocurrencies. It is available on multiple exchange platforms. Thus, you can easily purchase some coins.
If you’re a newbie to crypto market or Investing first time in binance coin, first and foremost thing is a question arises what actually is binance coin, who is the person behind it?
Well, this overview will provide you the initial guide.
Binance Coin (BNB) is the crypto coin of the Binance exchange platform. It was launched in the 2017 by CEO Changpeng Zhao with co-founder & CTO Roger Wang. The name Binance is a combination of binary and finance. In the year 2019, many businesses accept BNB as a payment.
Basically, the BNB token let’s you earn discounts on the services of the Binance exchange platform, which later becomes a decentralized exchange of blockchain assets. BNB also offers users with access to advanced features to be used on the new decentralized exchange.
Did you notice? The BNB price took around 5 months to rise from around 1 dollar/coin. Yes, it’s true.
Further, in the month of January 2018 the winter price peaked to $23.25 , which is the highest price the coin reached till date. Well, this was most amazing phase for binance investors.
Unfortunately, the tables turned and the graph stepped downwards.
In Feb 2018, most of the crypto coins experienced a downtrend. Binance Coin was no exception. The price declined beneath to $6.12 in early February 2018.
So, Did you suffer from this major breakdown?
Many Crypto influencers posted on social media regarding this breakdown
However, this decline didn’t stay for long. Since February 6, 2018 lows, BNB coin price has increased upto 200%. If this trajectory would have sustained, the price projection would be $20. Binance coin price continued to shine in late June 2018 with $16.71. Later, experiencing major roller coaster ride the price dropped to $4.34 in Dec 2018.
In comparison to other altcoins, BNB coin is certainly a huge outperformer. The price related highest since September 2018, which was known area of supply.
Well, at present we can notice that the price is experiencing an uptrend.
Let’s check out the price ride of 2019 !
Price Prediction 2019
Binance continues to storm ahead breaking up above the $10 mark and retesting the 2019 highs.
For those who suffered in 2018 breakdown this year could be a golden opportunity.
Did you invest Binance coins in 2019 ? If yes, this could be an awesome phase to earn maximum profits. If you invest in BNB at this moment then surely you will be in much profit after few years. I recommend you to invest in BNB for long period of time for better returns.
Besides all ups and downs, now the coin is running at its own beat, managing to go green in a huge way despite of red day in the markets. Binance Coin has been on a solid run of gains since the beginning of the year and grabbing up the pace in February.
The price has raised upto 85% within this period. It has rallied for 4 weeks, with no signs of a slow down yet. However, Binance Coin might be able to get back to its all-time high by the end of 2019.
CEO of Binance, Changpeng Zhao has noted the progress in price of his native token. Tweeting a graph of the recent growth, ‘CZ’ is clearly proud of the growth of the token, which correlates to the growth of his own cryptocurrency empire.
According to experts, their is huge possibility that the token will recover to the value of $23 in the best case scenario.
What’s your prediction for 2019? Will the coin exceed $25 ?
Price Prediction 2020
Looking at the current market scenario at the end of 2021, Binance coin will reach to $35 from its current price of $15.52. The year 2020 is considered to be more gracious for cryptocurrency market in oppose to how 2018 turned out to be, so it is predicted that this would be the year when Binance gets close to its record price.
Experts predict indicating that the coin might reach the top price of $35-$40 as the new record price of BNB.
Well, $40 is quite high! No doubt it might reach $40 if the coin doesn’t step it’s toes into red day.
Price Prediction 5 years
Few analysts are forecasting that Binance Coin, might touch $50 with around 500% of gains in the course of a single year with the increased interest in trading cryptocurrencies on Binance.
Anyways, Predicting the price of any coin is quite difficult. It mostly depends on the market value.
So, what’s your prediction for 2025 if the market is stable?
Binance Coin has an opportunity to show faster rates of growth than the other market participants. It was a matter of time, as other markets are either too fragile to move upwards or simply experience much resistance to make any big jumps occur. Binance coin is doing its own thing in this regard, although that won’t automatically lead to a high time in the coming days. There will be plenty of resistance along the way.
Binance Price Prediction 2019: Will Binance Coin Crash Or Rise?
What is the binance price prediction for 2019? Will the Binance coin price reach $25 by the end of 2019? Stay updated with the latest Binance news.