BNB token price forecast for 2022
To compile this forecast, we used parameters such as the historical data of the token (its rates last year), the current market capitalization of the coin, the volume of units, etc. These forecasts will be useful information for those who want to invest and make a profit from Binance Coin. The forecast is published in US dollars.
January
- minimum – 515.76;
- on average – 570.05;
- maximum – 586.34.
February
- minimum – 554.31;
- on average – 581.45;
- maximum – 609.14.
March
- minimum – 571.37;
- on average – 593.08;
- maximum – 638.21.
April
- minimum – 583.73;
- on average – 610.87;
- maximum – 667.87.
May
- minimum – 602.06;
- on average – 629.20;
- maximum – 692.30.
June
- minimum – 632.65;
- on average – 654.37;
- maximum – 723.76.
July
- minimum – 658.83;
- on average – 680.54;
- maximum – 756.48.
August
- minimum – 672.44;
- on average – 694.15;
- maximum – 790.51.
September
- minimum – 693.26;
- on average – 714.98;
- maximum – 818.27.
October
- minimum – 818.27;
- on average – 729.28;
- maximum – 854.02.
November
- minimum – 722.15;
- on average – 743.86;
- maximum – 890.49.
December
- minimum – 731.60;
- on average – 758.74;
- maximum – 927.68.
BNB cryptocurrency: forecast 2022
Overall, the outlook for the token is positive. But everything will depend on the movement of the entire cryptocurrency market. So far there has been a slight correction and the crypt has been sideways for several weeks now. Against the backdrop of a decline in the Bitcoin rate, bnb dipped significantly. The price dropped to just above $200. The coin lost almost 60% from its peak values, but quickly grew back.
No one can answer for sure how much BNB will cost in 2022. But if the market goes up, as many predict, then Binance Coin could show several X's, and possibly dozens.
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Attention! This article does not constitute financial advice and is for informational purposes only. Each investor independently bears the risks for his actions.
BNB token price forecast for 2023-24
In accordance with the projected value and technical analysis of this cryptocurrency, there is every reason to believe that the price category of Binance Coin in 2023 will confidently cross the value limit of $1,145. And the expected minimum by the end of this year may well be over $1,100. If we talk about the maximum, BNB is quite capable of reaching the level of $1,300.
Looking at the forecasts and technical analysis of the token for 2024, we can expect that the value of the Binance Coin cryptocurrency will be able to reach an average value of $1,700, and it is quite possible to even reach a peak of $1,900. At the same time, the minimum level of the token this year will be kept at approximately $1600
General information about BNB
The token first appeared in the summer of 2022 as a result of an ICO. As a result of a one-time issue, 200 million coins were issued. According to the terms of the project, part of the tokens is destroyed (burnt) quarterly. In this way, a shortage of coins will be artificially created.
Initially, assets held by the exchange are burned. Upon completion, redemption from other holders will begin, followed by destruction. 20% of the company's profits will be allocated every quarter for the purchase of assets. There are plans to leave 100 million tokens.
According to the terms of the initial distribution of coins, 50% were distributed among ordinary investors, the platform kept 40% for itself, and the remaining 10% went to venture investors. In total, about $15 million was collected. The fixed assets were invested by Chinese citizens.
50% of the funds were distributed for advertising and promotion of the Binance trading platform, a little more than 30% for the maintenance and development of the crypto exchange, and 15% were reserved.
What determines the price of BNB?
First and foremost is the success of the Binance exchange. Any promising asset is backed by a certain value. Not just currency in the air, but a real semblance of a company’s “share”. For example, a large Russian company also has its own shares. Their cost depends entirely on the activities of the organization.
With the suspension of construction of the Nord Stream, shares sank sharply. With the resumption of construction, they responded accordingly. The same thing is happening in the cryptocurrency direction.
Binance has grown from a simple trading platform into an entire cryptocurrency ecosystem with a large range of financial instruments. After the ICO, the coin cost only $0.1. Gradually the rate began to rise. The price reached $12 in 2022 and reached highs of over $400 in 2022. The result is obvious.
But the rate can also be influenced by factors such as:
— general cryptocurrency trend; — news background regarding the crypto exchange; — limited supply of coins; — further development of the company.
What is the Binance Coin price forecast based on?
First of all, changes in the exchange rate are most directly influenced by the situation directly on the Binance platform. As soon as a trader's asset on a given cryptocurrency platform begins to rise, at the same time the level of demand for Binance coin begins to rise. And in the foreseeable future, cryptocurrency has every chance to continue to rise in price. Because BNB allows you to reduce transaction fees.
News about the Binance crypto exchange has an equally positive impact on forecasting the state of this coin. For example, the rate was influenced by the launch of the ICO platform Binance Launchpad. Thanks to the presence of this platform, many startups have a chance to get to the market faster. Such projects only increase interest in Binance coin, because the area of use of the token is increasing by an order of magnitude.
In addition, the direct growth and development of the BSC blockchain has a tangible impact on forecasting. There are only a few projects in the DeFi field that no longer want to use the Ethereum infrastructure and have switched to this system. This decision was made due to the fact that BSC is very advantageous in its high speed of financial transactions. The trend for such a transition may continue. Provided that the date for updating the ETN to version 2.0 will continue to be postponed.
Binance Tools
Initially, it was an ordinary trading platform, of which there are a large number today. But the company does not stand still and is actively developing, adding new tools.
Spore trade
It represents the purchase and sale of assets exclusively with the trader’s funds. This is the lowest-risk instrument, unlike other trading instruments, but also the lowest profitable. The vast majority of investors use spot not for trading, but to accumulate digital assets or exchange cryptocurrency for fiat.
Margin trading
This direction is more interesting to traders, people who make profit from market fluctuations. The main difference from the first type is the use of shoulders, i.e. trading is many times greater than the trader's funds.
The maximum leverage offered by the exchange is 125. This means that a trader can open a transaction for an amount 125 times greater than his real capital. But this method of trading carries great risks.
To use this tool, you must go through a verification procedure (KYC) and install two-factor protection. Margin trading is not available to all citizens. Some countries are blacklisted.
Futures
Futures trading on Binance appeared in the fall of 2022. At first, it was possible to trade only with six cryptocurrencies: Bitcoin, Ethereum, XRP, Litecoin, Bitcoin Cash and EOS. Today this list has been significantly expanded.
In this case, leverage is also applied. It depends on the selected digital asset. Futures contracts are either perpetual or time-limited. It is not recommended for beginners to use these types of trading. Otherwise, you can “drain” your entire balance.
Deposit
Another interesting tool from the Binance ecosystem. It is similar to a bank deposit only in cryptocurrency. True, deposits are also available in fiat. Moreover, the profitability is much higher than bank ones.
To do this, purchase a certain cryptocurrency and make a deposit. Deposits are unlimited and you can withdraw your coins whenever you want. Unlike the next exchange instrument, this one has a lower profitability. Contributions are not available for all digital assets, but the list is quite wide. You need to periodically monitor existing offers.
Staking
Possibility of additional income on full liability. To do this, you need to purchase the necessary cryptocurrency and invest it in the pool. The funds will be frozen, and you will receive interest in cryptocurrency.
Staking is divided into two categories:
— with a fixed interest rate; - floating.
Coins can be withdrawn at any time, partially or completely. This is the same deposit only with higher profitability.
Launchpad
This is probably one of the most interesting offers to make money on the stock exchange. Many people dream of taking part in an ICO, but 90% of startups turn out to be a scam. Analyzing this market is quite difficult.
Binance gives you the opportunity to take part in a free token distribution. Of course, only really promising startups get here. To take part, it is enough to hold bnb in one or another project on Binance.
Startup tokens will be awarded daily. The number of coins received will depend on the amount of the deposit. This tool significantly increased the authority and, accordingly, the price of the bnb coin.
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What is Binance coin?
First of all, you should get to know this digital currency better. Binance coin (or BNB) is a token that belongs to Binance, one of the largest crypto exchanges today. In addition, it is also known that Binance coin competes with Ethereum. It has good scalability and low transaction fees.
One of the “fans” of the token is the CEO of Binance himself, Changpeng Zhao. In a recent Twitter post, he wrote:
“Binance Smart Chain is not trying to become a replacement for the ETH network. BNB wants to overtake it and get ahead. Reduced fees give users the advantageous opportunity to make many more financial transactions. Which thereby allows for the creation of a more advanced DeFi ecosystem.”
Of course, CEO Changpeng is not trying to make predictions about this cryptocurrency, since he has direct knowledge of it to be objective enough. However, nothing prevents him from regularly posting on his social network about the advantages of BNB over Ethereum, which, in fact, is the second largest digital currency in the world by capitalization.
Trade BNB with Capital
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Binance cryptocurrency exchange
Binance is one of the largest international online digital asset exchange platforms. Currently it occupies a leading position in terms of trading volume and number of users. Trading is carried out with dozens of pairs of both fiat and digital currencies.
The company was founded in 2022 with its head office in Hong Kong. The founder and CEO is Changpeng Zhao. In just six months of existence, the exchange entered the list of largest trading platforms.
At the end of the summer of 2022, He Yi, who has extensive experience in finance, took one of the leadership positions. Bnb responded to this appointment with a sharp increase of 40%. As a result of the growing popularity of the exchange and the influx of new users, registration was temporarily stopped in January 2018.
After modernization, work resumed and in the spring there were about eight million customers. In March of the same year, the company had to change jurisdiction to Malta due to the country's regulators.
At the beginning of 2022, fiat trading pairs appeared: euro and pound sterling. Traded in pairs with Bitcoin and Ethereum. Over time, the number of fiat pairs began to grow. Currently, there are national currencies of many countries. Including the Russian ruble.
