Why is BNB so valuable?
BNB's increasing value over the years can be attributed to several factors, including its utility within the Binance platform, the burn mechanism that decreases its supply over time, and the growth and success of Binance as a leading cryptocurrency exchange.
In other words, the ability to farm ENA tokens by staking BNB spurred increased buying and holding activities, leading to price gains. BNB price rallied similarly around the cross-chain gaming platform Portal (PORTAL) 's launch on the Binance Launchpool in February.
You can participate in IEO if you have BNB tokens, so each such project provokes a demand for Binance Coin. Will Binance Coin reach $1,000? Binance Coin would need to gain 221.13% to reach $1,000. According to our Binance Coin prediction algorithm, Binance Coin will hit $1,000 in May 2024.
BNB has various use cases within the Binance ecosystem. It can be used to pay for trading fees, participate in token sales on Binance Launchpad, and even book hotels through Binance's travel partner, among other applications. The growing utility and adoption of BNB could increase its value.
Investors' confidence in BNB is reflected in the positive sentiment surrounding the coin's long-term prospects. BNB's open interest has been increasing, aligning with the price increase. This typically indicates a continuation of the price trend and is a positive sign for the market.
| Year | Price |
|---|---|
| 2025 | $ 587.92 |
| 2026 | $ 617.31 |
| 2027 | $ 648.18 |
| 2030 | $ 750.35 |
Based on our BNB forecast, the highest BNB by 2030 will be $790. Although it could climb higher, $10,000 would be unrealistic due to the number of coins in circulation.
| Coin | Market Capitalization | Current Price |
|---|---|---|
| Solana (SOL) | $69 Billion | $154.53 |
| Ripple (XRP) | $28.4 Billion | $0.5131 |
| Dogecoin (DOGE) | $23.8 Billion | $0.1653 |
| Tron (TRX) | $10.1 Billion | $0.1152 |
Slothana ($SLOTH) is another crypto that could explode in 2024. It is a new Solana-based meme token that caught massive investor attention and raised over $500k just a couple of hours after launch. At the time of writing, the token has raised over $10 million, showing its amazing potential.
What is the all-time high for BNB (BNB)? The highest price paid for BNB (BNB) is $686.31, which was recorded on May 10, 2021 (almost 3 years). Comparatively, the current price is 21.25% lower than the all-time high price.
Is BNB worth holding?
Positive Performance History: BNB has shown impressive performance in the past, experiencing significant growth during bullish market phases. Although past performance does not guarantee future results, it does indicate the coin's potential as an investment option.
Binance coin (BNB) may be an excellent choice if you want to invest in a major cryptocurrency other than Bitcoin or Ethereum. ... It's also used as a utility token for Binance Smart Chain (BSC). Traders use BNB to pay for trading fees, and by using BNB, they receive a 25% discount.
In conclusion, BNB offers many advantages over ETH, including faster transaction speeds, lower transaction fees, wider utility, and greater adoption and popularity.
Our real-time BNB to USD price update shows the current Binance Coin price as $560.1 USD. According to our Binance Coin price prediction, BNB price is expected to have a -2.79% decrease and drop as low as by April 21, 2024.
In the previous 24 hours, BNB has experienced a decrease of 1.2%, reflecting a modest bearish sentiment within the market. Nonetheless, the overarching sentiment for the long term remains optimistic, with projections suggesting that BNB could potentially achieve a value of $530 by the end of 2023.
| Year | Yearly Low | Yearly High |
|---|---|---|
| 2027 | $ 682.29 | $ 778.02 |
| 2028 | $ 661.48 | $ 980.52 |
| 2029 | $ 974.90 | $ 1,740.98 |
| 2030 | $ 1,112.33 | $ 1,702.60 |
How Many BNB Are There in Circulation? There is an initial maximum supply of 200,000,000 BNB coins, of which 168,137,036 are currently in circulation as of September 2021. Binance conducts quarterly burning of the BNB supply, with the goal of reducing the total supply by half — or 100,000,000 BNB.
- Bitcoin (BTC) – The Most Popular Cryptocurrency in the World.
- Ethereum (ETH) – The Most Popular Platform to Create Web3 dApps.
- Solana (SOL) – A Faster, Cheaper, and More Secure Ecosystem.
- Ripple (XRP) – A Top Crypto That Aims To Replace The SWIFT System.
Therefore, our XRP price prediction forecasts a price of $1.80 by the end of 2024. Depending on the lawsuit's outcome and crypto market conditions, it could go much higher, potentially reaching $3.10.
Ethereum price to hit $10,000 at cycle peak, analyst projects - TheStreet Crypto: Bitcoin and cryptocurrency news, advice, analysis and more.
What will be the price of 1 Dogecoin in 2030?
| Year | Price |
|---|---|
| 2025 | $ 0.162364 |
| 2026 | $ 0.170482 |
| 2027 | $ 0.179007 |
| 2030 | $ 0.207222 |
| Year | Minimum Price | Average Price |
|---|---|---|
| 2029 | $24,488.55 | $25,195.48 |
| 2030 | $36,796.32 | $38,056.19 |
| 2031 | $54,306.57 | $55,828.42 |
| 2032 | $78,895.11 | $81,128.89 |
What coins will 1000x in 2024? Some of my top 1000x crypto picks include Dogeverse, Slothana, and Mega Dice Token. These three picks are currently in presale, so you'll get the lowest price possible.
The ethereum blockchain is home to more than 1,400 applications and developer tools, and ether is the native cryptocurrency of the ethereum network. In 2023, ethereum completed its transition from a proof-of-work consensus mechanism to a much less energy-intensive proof-of-stake transaction verification system.
- Cryptos With Explosive Potential: Ethereum (ETH-USD) ...
- XRP (XRP-USD) ...
- Cryptos With Explosive Potential: Cardano (ADA-USD) ...
- Dogecoin (DOGE-USD) ...
- Shiba Inu (SHIB-USD) ...
- NEAR Protocol (NEAR-USD)
References
- https://www.binance.com/en/square/post/3016057693137
- https://www.fool.com/investing/2024/04/19/the-ultimate-cryptocurrency-to-buy-with-1000-today/
- https://blockworks.co/price/bnb
- https://cointelegraph.com/news/why-is-bnb-price-up-today
- https://www.fxstreet.com/cryptocurrencies/news/if-bitcoin-restarts-bull-run-these-altcoins-are-likely-to-explode-202404180949
- https://www.binance.com/en/square/post/2347510369802
- https://www.binance.com/en-NG/square/post/603037626889
- https://coincodex.com/crypto/binance-coin/price-prediction/
- https://www.techopedia.com/cryptocurrency/xrp-price-prediction
- https://www.binance.com/en/square/post/812980
- https://www.techopedia.com/cryptocurrency/next-crypto-to-explode
- https://www.binance.com/en/price-prediction/solana
- https://www.binance.com/en/square/post/5155943482041
- https://aws.amazon.com/solutions/case-studies/bitstamp/
- https://m.economictimes.com/markets/cryptocurrency/crypto-news/top-6-cryptos-under-1-that-could-do-100x-by-2025/articleshow/107722784.cms
- https://m.economictimes.com/wealth/invest/next-crypto-to-hit-1-in-2024-top-5-competitors/articleshow/109200549.cms
- https://www.investopedia.com/articles/people/083016/who-are-top-5-bitcoin-millionaires.asp
- https://www.techopedia.com/cryptocurrency/best-crypto-to-buy
- https://coinpedia.org/price-prediction/xrp-ripple-price-prediction/
- https://www.coingecko.com/en/coins/bnb
- https://changelly.com/blog/binance-coin-bnb-price-prediction/
- https://www.bybit.com/en/coin-price/binancecoin/
- https://www.binance.com/en/square/post/513499
- https://www.binance.com/en-IN/square/post/741147
- https://www.binance.com/en/price-prediction/dogecoin
- https://techpoint.africa/2024/04/04/trending-meme-coins-in-2024-that-are-predicted-to-100x/
- https://www.oceanresidencesvacations.com/blog/why-are-airbnbs-so-expensive-now-are-airbnbs-worth-it/
- https://www.techopedia.com/cryptocurrency/solana-price-prediction
- https://www.thestreet.com/crypto/markets/ethereum-price-to-hit-10000-at-cycle-peak-analyst-projects
- https://www.binance.com/en/square/post/603037626889
- https://www.binance.com/en-NG/square/post/1132601
- https://www.binance.com/en/square/post/1563511
- https://www.binance.com/en/square/post/775235
- https://coinmarketcap.com/community/articles/6526404cedf58942f242bbce/
- https://99bitcoins.com/cryptocurrency/next-1000x-crypto/
- https://www.binance.com/en/square/post/291260
- https://www.binance.com/en/research/projects/bnb
- https://www.binance.com/en/square/post/1219759
- https://bitperfect.pe/en/bnb-beats-the-market-crash-heres-what-you-should-know/
- https://en.wikipedia.org/wiki/Binance
- https://bitbns.com/binancecoin-price-inr-india/
- https://changelly.com/blog/ethereum-eth-price-predictions/
- https://coincodex.com/article/24558/ethereum-price-prediction-2040-2050/
- https://www.binance.com/en/square/post/520844859858
- https://www.binance.com/en/price-prediction/bnb
- https://www.binance.com/en/square/post/3922257121857
- https://www.nasdaq.com/articles/3-cryptos-with-serious-potential-to-make-you-a-millionaire
- https://ambcrypto.com/predictions/binancecoin-price-prediction
- https://zebpay.com/in/blog/top-10-crypto-to-invest-in-2024
- https://investorplace.com/2024/03/7-cryptos-with-explosive-5x-potential-by-2025/
- https://changelly.com/blog/ripple-xrp-price-prediction/
- https://www.binance.com/en/square/post/1303963
- https://staxpayments.com/blog/most-popular-cryptocurrencies/
- https://www.thebalancemoney.com/binance-coin-bnb-explained-5194799
- https://www.linkedin.com/pulse/which-crypto-explode-2024-maria-nadine-tamsi-svzfc
- https://changelly.com/blog/bitcoin-price-prediction/
- https://www.bitcoin.com/get-started/what-is-bnb-and-bnb-smart-chain/
- https://www.binance.com/en/square/post/3795257396233
- https://www.binance.com/en/square/post/1772418338257
- https://www.binance.com/en/square/post/807716
- https://cointelegraph.com/learn/what-is-binance-coin-bnb-and-how-does-it-work
- https://www.usatoday.com/money/blueprint/investing/cryptocurrency/top-10-cryptocurrencies/
- https://www.binance.com/en-IN/square/post/881919
- https://coinmarketcap.com/community/articles/65263d51f5d47514646ac644/
- https://www.techopedia.com/cryptocurrency/bnb-price-prediction
- https://academy.binance.com/en/glossary/bnb
- https://www.binance.com/en-NG/square/post/1210585
