BNB Price Prediction

BNB, also known as Binance Coin, was established in 2017 as part of the Binance ecosystem’s Initial Coin Offering (read more – Binance Coin Review).

The goal of the Initial Coin Offering was to help raise funds for the Binance platform and exchange system’s development, as well as for marketing, branding, and educating new modernizers in the industry.

This successful project allowed Binance to collect approximately £15 million in Ethereum and Bitcoin from the sale of about 100 million BNB tokens.

BNB is Binance’s ecosystem’s native coin that powers the BNB Chain system. It was initially delivered as an ERC-20 token running on the Ethereum platform but later transferred to the primary BNB chain.

When it comes to the Binance Exchange ecosystem, BNB acts as a utility token, providing users with discounts when paying trading fees.

In this article, you’ll find information about BNB price history, price prediction factors and BNB price prediction for 2025 and 2030. So let’s discover more. Also, you might be interested in our article Binance vs Coinbase.

It isn’t possible to predict the 2025 BNB price before knowing how it’ll perform at the end of 2023 and 2024. Throughout 2023, the BNB price is expected to hover between £300 and £500 by the end of the year. This implies an increase of 53% over the current price.

2024 will see the BNB price forecast get more interesting as the wider cryptocurrency market starts to cool down while utility-centric assets begin to take center stage.

As FTX goes under and investors become increasingly wary of unknown exchanges, a flood of users could migrate to Binance. And as the market picks up, the price of BNB could reach an all-time high of £700 if the market sentiment remains positive.

Moving onwards to the BNB Coin price prediction for 2025, users could expect to see some significant growth as the Binance exchange and Binance Chain expands. With the BNB coin attaining its all-time high of £700 in 2024, it stands to predict that its price will be £1,100, a boost of about 40%.

BNB maintains its supply as demand increases, thanks to Binance’s strategy of systematically removing a percentage of the BNB supply after every three months. It helps improve the coin’s prospects since it becomes scarce over time. 

Looking ahead, the BNB price prediction for 2030 is strong, with the coin potentially reaching £2,500. This represents an over 650% increase from the latest price and highlights BNB coin’s potential to keep increasing in value as its acceptance and utility grow.

While history should never be used to indicate future outcomes in the cryptocurrency industry, knowing past performance can provide a useful context for making your own prediction or interpreting a Binance price forecast.

First launched in 2017, BNB spent most of its first three years trading between £1 and £40. Despite the cryptocurrency market going through a bullish phase, in early 2021, BNB responded well, attaining a high of £690.93 in May.

However, during the summer, the Binance Coin spend most of its time trading at £400. The crypto recovered towards the end of 2021 when it attained a high of £600 in November, but it dropped to £371.37 in January 2022 before dropping further to £361.23 in late February.

BNB’s price then increased to £408.48 in early March before falling to £360.30 towards the end of the same month. 

On 5th April, the price moved to £459.81 and dropped to £216.36 on 12th May 2022 as the crypto market sold off sharply as a result of the UST stablecoin’s de-pegging. The price increased to £336.60 on 25th May but dropped again. On 8th November 2022, it recovered to £388.71 before the FTX news saw it dwindle to £302.70. 

Between late November and early December, the BNB Coin hung around the £290.05 mark and traded at about £285.50 before the mass withdrawal news that saw it drop to £257.43.

The downturn continued, reaching an all-time low of £227.30 in mid-December before closing the year at £245.36. The early months of 2023 saw a slight recovery, hovering around £280. 

At the time of creating this article, there were about 160 million BNB coins in circulation out of a total of more than 16,000. This means the coin had a market of approximately £44 billion, making it the 4th largest cryptocurrency in the industry by that metric.

A Binance Coin price prediction depends on several factors, including demand, trading, supply, market sentiment and volume. The price tends to be bullish when the platform experiences a flurry of trading activity.

Binance has recurrently seen huge volumes break new grounds as investors try to capitalize on fresh highs seen in other cryptocurrencies, including Bitcoin and Ethereum. 

With the Binance Coin opening its doors to reduced charges, demand for the coins in circulation will undoubtedly increase when cryptocurrency investors are vying to access their wallet accounts quickly.

The increasing BNB Chain role is also significant. Multiple DeFi (decentralized finance) projects have already jumped, changing their protocols from ETH to ensure that all transactions are faster and affordable.

A BNB price forecast is propelled further by the fact that the coin’s exchange often enters into high-profile partnerships with other cryptocurrency projects. These agreements led to the Binance Coin being accepted by a vast number of merchants, which means there’s a wider scope for the crypto to be used in making purchases.

Now that you have lots of information about BNB, including what it is, its price history, and factors that determine its price forecasts and BNB price prediction of up to 2030, you need to know whether it’s a perfect investment or not.

Since Binance seems clued up to become the most preferred exchange in the cryptocurrency world, the BNB coin is and will be the best cryptocurrency to buy and invest in. 

While it has experienced some waves in the past few years, BNB has remained resilient compared to the broad cryptocurrency market, a remarkable feat taking into consideration how fast it accumulated value. It doesn’t matter the type of investor you’re; Binance Coin can help you meet your unique investing needs and requirements.