Connect with us

Altcoins

Binance Coin Price Prediction: How High Can BNB Price reach in 2025?

How far will BNB rise by 2025? In this post, we will look at the Binance Coin price prediction for 2025.

Binance Coin (BNB) has historically risen silently and steadily to become one of the most beneficial cryptocurrencies by market capitalization. Above everything else, the emergence of Binance, the world’s biggest crypto exchange platform, has led to a dramatic increase in the value of the BNB in recent times. What is the Binance Coin’s anticipated future? How far will BNB rise by 2025? In this post, we will look at the Binance Coin price prediction for 2025.

What is Binance Coin (BNB)?

Binance Coin (BNB) is the Binance trading platform’s in-house cryptocurrency. For a long time, this has been by far the biggest cryptocurrency trading exchange. On Binance, the BNB is utilized for trading and making payments. Binance’s gigantic expansion has resulted in the BNB becoming one of the biggest cryptocurrencies on the market.

Binance Coin was founded in 2017 as an ERC-20 token. Since 2019, the Binance Chain has served as a basis for the BNB. In addition, Binance initiated the Binance Smart Chain along with the Binance Chain to easily integrate smart contracts. This year was seeing the creation of the BNB Chain. Binance’s native token is BNB. It functions as a utility token on the platform, enabling users to purchase, trade, and communicate with it. When trading cryptocurrencies, using BNB lessens transaction fees.

How has BNB recently performed?

Binance Coin Price Prediction: BNB/USDT Monthly chart showing the price –

Despite the crypto market’s assault, BNB managed to hold its terrain, and the 6-month study indicates that it did not cause major damage. While Bitcoin and Ethereum are significantly down from their all-time highs, Binance Coin is down at least 50%.

Binance Coin (BNB) has suffered greater losses in recent months due to the bear market. In May of the 2021 bull market, BNB managed to reach an all-time high of $690. The BNB was capable of reaching similar heights of over 650 dollars in November of last year. But even so, the bear market started in November, and prices fell sharply. At the time of writing this, the BNB price is trading at $296.77. 

The BNB was only worth $527 at the beginning of the year. We continued to see substantial losses in January before the BNB price managed to recover in the following months. Even so, another major collision happened in May 2022. In mid-June, BNB reached a low of $197. The price returned to normal again in the weeks that followed. The BNB rate was $282 at the start of October. However, investors have seemed to be bearish just after the FTX scandal, and user attention in buying tokens did appear to have doused.

Why is Binance Coin still so popular?

Binance Coin Price Prediction: BNB/USDT Weekly chart showing the price –

But besides the bearish market situations, the BNB Chain does have a rising engaged community of roughly 1.27 million active addresses per day. This climb makes it the most engaged blockchain.

When users use BNB on the platform, Binance payouts a big part of the transaction fees. The BNB has emerged as an incredibly prominent part of the platform in recent years. As Binance continues to expand and the number of users expands, so does the claim for Binance Coin, enhancing the price and prediction.

Binance makes sure that the stockpile of BNB is frequently lowered as prices increase. Every three months, a certain portion of BNB is destroyed, making the Binance Coin deflationary and enhancing the future forecast for BNB.

Binance Coin Price Prediction: How High Can BNB Price reach in 2025?

BNB’s technicals have consistently performed fairly well in comparison to the rest of the market. Nevertheless, it has recently experienced a drop and is now trading below $300.

Although this statistic is higher than normal, given the current situation, it is not wholly surprising. Market participants were hopeful about the BNB currency’s potentiality due to the likelihood that Binance would purchase one of its direct rivals, but that chance was crushed when the plan fell through.

The BNB could continue to rise over the next two years. With the biggest cryptocurrency trading platform behind this one, the token should be able to continue soaring, especially in bull markets. The growing demands from platform growth and the reduced supply from regular burning are perfect circumstances for a long-term price hike.

Following a new Bitcoin halving, a new bull market is indeed very highly probable. This is very likely to happen in 2024. The BNB should increase sharply again in the next bull market. During the earlier bear market, BNB dropped as low as $10 before soaring to an all-time high of well almost $700. That was a factor of 70 rises. This factor is very likely to diminish in the next bull market, as it has with other coins. A factor of 20 seems to be viable. Binance Coin could hold rallies to $3000 if we recognize a drop of $150 in the existing bear market, making the 2025 forecast extremely optimistic.

Binance Coin Price Prediction 2025: $750 – $3500

CryptoTicker Offer

Source: Altcoin

Continue Reading
Advertisement
Click to comment

You must be logged in to post a comment Login

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Altcoins

Best exchange cryptocurrencies to buy this week

UNI and SUS are native tokens of the leading decentralised exchanges and have been performing well today. BNB is underperforming today but could rally higher over the coming days.  The total crypto market cap could reach the $900 billion mark in the near term. The cryptocurrency market is trading in the green zone for the […]

The post Best exchange cryptocurrencies to buy this week appeared first on CoinJournal.

  • UNI and SUS are native tokens of the leading decentralised exchanges and have been performing well today.

  • BNB is underperforming today but could rally higher over the coming days. 

  • The total crypto market cap could reach the $900 billion mark in the near term.

The cryptocurrency market is trading in the green zone for the second consecutive day this week. The total market cap stands above $850 billion and could rally higher over the next few hours.

With most cryptocurrencies performing well this week, we will focus on exchange-based tokens and look at the top five you can buy before the end of the week.

Top five exchange tokens to buy this week

Uniswap (UNI)

UNI, the native token of the Uniswap decentralised exchange, is one of the best-performing exchange tokens this week. The token has added more than 4% to its value in the last 24 hours. At press time, the price of Uniswap stands at $5.73 per token.

UNI is an excellent choice because Uniswap remains the number one decentralised exchange in the world, processing over $700 million in daily trading volume. 

Where to buy Uniswap now

eToro

eToro offers a wide range of cryptos, such as Bitcoin, XRP and others, alongside crypto/fiat and crypto/crypto pairs. eToro users can connect with, learn from, and copy or get copied by other users.

Buy UNI with eToro today

Bitstamp

Bitstamp is a leading cryptocurrency exchange which offers trading in fiat currencies or popular cryptocurrencies. Bitstamp is a fully regulated company which offers users an intuitive interface, a high degree of security for your digital assets, excellent customer support and multiple withdrawal methods.

Buy UNI with Bitstamp today

Sushiswap (SUS)

Sushiswap is the second decentralised exchange to make this list. SUS powers the Sushiswap exchange and has been performing well over the last 24 hours. The token is up by more than 4% in the last 24 hours and is now trading at $1.41. 

Uniswap remains ahead of Sushiswap, with Sushiswap processing roughly $20 million in daily trading volume. However, its SUS token is still a leading exchange coin. 

Where to buy Sushiswap now

eToro

eToro offers a wide range of cryptos, such as Bitcoin, XRP and others, alongside crypto/fiat and crypto/crypto pairs. eToro users can connect with, learn from, and copy or get copied by other users.

Buy SUSHI with eToro today

Bitstamp

Bitstamp is a leading cryptocurrency exchange which offers trading in fiat currencies or popular cryptocurrencies. Bitstamp is a fully regulated company which offers users an intuitive interface, a high degree of security for your digital assets, excellent customer support and multiple withdrawal methods.

Buy SUSHI with Bitstamp today

Cronos (CRO)

The native coin of the Crypto.com cryptocurrency exchange is also trading in the green zone today. Cronos is up by less than 1% in the last 24 hours but could rally higher over the coming hours and days.

At press time, CRO is trading at $0.06447. Crypto.com is one of the top 20 cryptocurrency exchanges by trading volume and processes more than $220 million daily. 

Where to buy Cronos now

CoinEx

Founded in December 2017, CoinEx is a global and professional cryptocurrency exchange service provider. CoinEx supports multiple languages and are providing global trading services in nearly 100 countries/regions.

Buy CRO with CoinEx today

Okcoin

Okcoin is a globally licensed exchange with offices in San Francisco, Miami, Malta, Hong Kong, Singapore and Japan. Okcoin's mission is to help decentralize finance and level the economic playing field for everyone around the world. Serves 190+ countries with over 100K+ active traders and investors.

Buy CRO with Okcoin today

Binance Coin (BNB)

BNB, the native coin of the Binance cryptocurrency exchange, is also one of the exchange tokens to consider. At press time, the price of Binance Coin stands at $300.19, down by 1% in the last 24 hours.

Binance is the world’s leading crypto exchange. Earlier today, the exchange announced that it had acquired the Japanese-regulated Sakura Exchange BitCoin. Thus, allowing Binance to operate legally in Japan following its exit from the country four years ago. 

Where to buy Binance Coin

eToro

eToro offers a wide range of cryptos, such as Bitcoin, XRP and others, alongside crypto/fiat and crypto/crypto pairs. eToro users can connect with, learn from, and copy or get copied by other users.

Buy BNB with eToro today

Binance

Binance is one of the largest cryptocurrency exchanges in the world. It is better suited to more experienced investors and it offers a large number of cryptocurrencies to choose from, at over 600. Binance is also known for having low trading fees and a multiple of trading options that its users can benefit from, such as; peer-to-peer trading, margin trading and spot trading.

Buy BNB with Binance today

KuCoin Token (KCS)

The last token on this list is the KuCoin Token (KCS). Similar to BNB, KCS has been underperforming so far today. However, it could recover and rally higher in the coming hours or days. 

KCS is currently trading at $6.71 per coin. KuCoin is the fourth-largest crypto exchange and processes nearly $500 million in daily trading volume. 

Where to buy KuCoin Token now

As KCS is such a new asset, it's yet to be listed on major exchanges. You can still purchase KCS using a DEX (decentralised exchange) though, which just means there are a few extra steps. To buy KCS right now, follow these steps:

1. Buy ETH on a regulated exchange or broker, like eToro ›

We suggest eToro because it's one of the world's leading multi-asset trading platforms, an exchange and wallet all-in-one with some of the lowest fees in the industry. It's also beginner-friendly, and has more payment methods available to users than any other available service.

2. Send your ETH to a compatible wallet like Trust Wallet or MetaMask

You'll need to create your wallet, grab your address, and send your coins there.

3. Connect your wallet to the 1Inch DEX

Head to 1Inch, and 'connect' your wallet to it.

4. You can now swap your ETH for KCS

Now that you're connected, you'll be able to swap for 100s of coins including KCS.

The post Best exchange cryptocurrencies to buy this week appeared first on CoinJournal.

Source: CoinJournal: Latest Bitcoin, Ethereum & Crypto News

Continue Reading
Advertisement

Top Posts

We need your support.

Enjoying our free service? Please help us by clicking the ads on our website. They are 100% safe. Thank you!