Top 5 Binance Coin Price Predictions

By Cryptocoinzone on Altcoin Academy

One of the most exciting cryptocurrencies in the market during the first half of 2019 was definitely Binance Coin (BNB), producing gains of around 466% during that period. Therefore, all kinds of price predictions are circulating the space and we have decided to fill you in on the most important ones.

But first, for all you that may not be familiar with Binance Coin, let us introduce you to the basics.

What Is Binance Coin?

As the name implies, Binance Coin is a cryptocurrency issued by one of the most dominating cryptocurrency exchanges in the world, Binance. The coin was launched as an ERC-20 token on the Ethereum network in 2017, as a fundraising tool for Binance’s ICO (initial coin offering).

Where Can I Use Binance Coin? (What Can Binance Coin Be Used For?)

As mentioned, it was originally a token used to raise funds during Binance’s ICO. However, as Binance grew as an exchange, Binance Coin became a pivotal part of one of the world’s leading crypto trading platforms.

Binance Coin is used to pay for fees on Binance exchange as well as for gathering dust leftovers from trades that would otherwise be useless.

Users paying fees with BNB have a substantial discount on Binance, depending on how long they have been using the site:

● Year 1–50% fee discount

● Year 2–25% fee discount

● Year 3–12.5% fee discount

● Year 4–6.75% fee discount

● Year 5–0% fee discount

Obviously, by being so tightly connected to Binance exchange, the coin has a lot of potentials, so let’s see what some trustworthy sources say about its growth perspective.

Top 5 Binance Coin Price Predictions

1. Changelly (Blog): Binance Coin (BNB) Price Prediction 2019

Through their in-depth article published on their official blog on February 21st, Changelly has brought us some of the most positive BNB price predictions.

After discussing all the benefits that Binance centralized exchange brings to the value of the cryptocurrency and dissecting the upsides of the future Binance decentralized exchange, Changelly quotes U. Today which predicts the value of as high as $1,354.66 per one BNB during the next year.

However, Changelly calms things down by emphasizing the fact that even $100 per one BNB would be a great achievement considering the ongoing market conditions.

Our readers should, however, keep in mind the date the article was written on and that Changelly’s “most realistic” prediction was that during 2019, BNB would go as high as $20 or, in the most optimistic case, $35. Knowing that BNB has already surpassed that, who knows what actually might happen until the end of the year.

2. Wallet Investor: Binance Coin Price Prediction, BNB Forecast

According to Wallet Investor’s graphical representation, Binance Coin has reached its peak for 2019 (the chart below). However, their analysis team made clear that the announced retracement will be only temporary as BNB will most probably keep growing as the time passes.

Source: Wallet Investor

Wallet Investor, besides the prediction for 2019, brings an assessment of Binance Coin’s potential for a much longer time period.

● 1-year prediction: $41.91

● 5-year prediction (2024): $67.59

3. Tradingbeasts: Binance Coin Price Prediction For 2019, 2020, 2021, 2022

The BNB price prediction published by Tradingbeasts is outdated since it projects that the valuation of the coin will be at $12.18 by July 2019, which Binance Coin has surpassed by almost 200%.

Nevertheless, we can still consider their long-term prediction, and it says that BNB still has big growth potential, therefore, we will compile their maximum December price prediction for every year until 2022.

● 2020: $52.90

● 2021: $129.61

● 2022: $266.09

4. Coin Predictor: Binance Coin Price Prediction

Coin Predictor doesn’t bother predicting so much into the future. Instead, they evaluate Binance Coin’s potential in a span of 7 days, 4 weeks, and 3 months.

According to them, BNB will keep growing, so let us show you the exact numbers:

● 7 days: $38.11

● 4 weeks: $45.82

● 3 Months: $60.26

5. CoinSwitch: Binance Coin Price Prediction 2019 — BNB Price May Touch $25 in 2019

In their article published on March 20th, 2019, besides quoting other outlets’ prognostics, CoinSwitch predicts that the price of BNB until the end of the year will reach $25. Obviously, this turned out to be rather conservative as Binance Coin currently sits at the seventh position on Coin Market Cap with a price of $35.30.

Further down the article, CoinSwitch goes for a longer prediction stating that BNB could reach $49.85 by the end of 2020, and even $89.70 until 2023.

However, looking at how BNB has already gone way above their prediction for the current year, it wouldn’t be strange if it also scores bigger gains for its investors in the long run.

More: Cryptocurrency Coin Predictions and Analysis

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