Slowly and steadily Binance Coin (BNB) has become one of the most beneficial cryptocurrencies by market cap. Above all, the evolution of the biggest trading platform for cryptocurrencies, Binance, assures that the BNB has grown in value massively in recent years. This article is all about what is the Binance Coin forecast for 2035. Let’s take a look at it in more detail.
What is Binance Coin (BNB)?
The Binance Coin (BNB) is the native cryptocurrency of the Binance trading platform. Binance has been by far the largest cryptocurrency trading exchange for some time. The BNB is operated on Binance for trading and paying fees. Due to the massive growth of Binance, the BNB has also become one of the largest cryptocurrencies on the market.
The Binance Coin was launched in 2017 as an ERC-20 token. Since 2019, the BNB has been running on its own blockchain, the Binance Chain. Likewise, Binance launched the Binance Smart Chain in parallel with the Binance Chain to enable the integration of smart contracts. This year the merger to form the BNB Chain took place.
BNB is Binance’s native token. It functions as a utility token on the platform that users can purchase, trade, and interact with. The use of BNB decreases transaction fees when trading cryptocurrencies.
How has Binance Coin (BNB) moved over the past few months?
Binance Coin (BNB) has witnessed more vertical losses over the past few months amid the bear market. In the 2021 bull market, BNB hit an all-time high of $690 in May. In November 2021, the BNB was able to reach similar heights with over $650. But in November the bear market began and prices dropped sharply.
In 2022, the BNB was only worth $527. In January, BNB witnessed heavy losses before its price was able to recover in the following months. But in May 2022 another heavy crash started. BNB reached its low of $197 in mid-June. In the weeks that followed, the price stabilized again. At the beginning of October, the BNB rate was $282. At the time of writing this, the BNB coin is trading at $294.98.
Why did Binance Coin (BNB) become so popular?
https://twitter.com/binance/status/1577086216599650305?s=20&t=6PAizR0ZiFZk2EhyyRLeyQ
The Binance Coin (BNB) is now set among the top 10 cryptocurrencies by market capitalization. In the bull market, BNB was occasionally the number 3 cryptocurrency behind Bitcoin and Ethereum. The Binance Coin forecast has become better and better in recent years as the Binance platform has grown into the biggest trading platform for cryptocurrencies.
Binance reimburses a lot of transaction fees to its users when they use the BNB on the platform. In recent years, the BNB has become an increasingly significant part of the platform. As Binance expands and the number of users increases, so does the demand for the Binance coin, which enhances the price and forecast.
As demand increases, Binance also assures that the supply of BNB is regularly lowered. A specific percentage of BNB is brushed out every 3 months, making the Binance Coin deflationary and making the prediction for BNB better in the future.
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What is the Binance Coin forecast for the next few years?
In the next few years, the BNB could continue to grow. With the biggest trading platform for cryptocurrencies behind it, the token could be able to continue to rise, particularly in bull markets. The increasing demand due to the development of the platform and the decreasing supply due to periodic burning are ideal requirements for a long-term price gain.
In the following, we want to predict the Binance Coin forecast for the next few years. We look at the end of 2022 and then want to look more closely into the future, into the years 2025 and 2030.
What will be the price of the Binance coin at the end of 2022?
BNB/USD Weekly chart – GoCharting
In the coming months, we could still notice specific movements in cryptocurrency prices and also in BNB. But how high can BNB go if we are in the middle of a bear market right now?
In the next two months, a strong price movement at the BNB is very unlikely. The Binance Coin is now a rather sturdy coin on the crypto market and closely follows the macro developments on the market. The bear market is in full swing. Similarly, we have noticed little movement on the market in recent weeks. This could remain the case for the next two months.
The Binance Coin forecast for the end of 2022 could be close to the current price. Strong price drops or increases are very unlikely. The influence of the bear market is too strong for rallies. In recent months, we have established too strong support at the lower end of prices to go down.
Binance Coin Forecast End of 2022: $240– $290
What is the Binance Coin forecast for 2025?
BNB/USD Monthly chart – GoCharting
Now that we’ve covered the short-term Binance Coin forecast, let’s look a little more into the future. We have to mention that the bear market could come to an end in the next 1-2 years. A new bull market is very likely after a new Bitcoin Halving. This is very likely to happen in 2024.
In the next bull market, the BNB could rise massively again. In the last bear market, BNB dropped as low as $10 and increased to an all-time high of almost $700. That was growth by a factor of 70. In the next bull market, this aspect is very likely to decline as it has with other coins. A factor of 20 appears possible. If we accept a low of $150 in the current bear market, Binance Coin could rally to $3000, making the 2025 forecast excessively bullish.
Binance Coin Prediction 2025: $750 – $3500
What is the Binance Coin forecast for 2035?
Now we want to look even more closely into the future. We have to be a little careful with this, as long-term predictions for cryptocurrencies can be very difficult. It is most likely after 2025 that we will witness another bear market that could drop BNB price by 80%. After the next Bitcoin Halving (probably in 2028), a bull market could come again.
If we assume that the Binance Coin price drops to $600 in the bear market and the bull market follows a 15x gain, the BNB price could rise to $9000. Thus, the Binance Coin forecast for 2035 is extremely positive. Yet, this forecast is very hypothetical and a lot can occur on the market in the next few years.
Binance Coin Forecast 2035: $1000 – $9000