Binance Coin Price Prediction 2024-2033: Is BNB Ready for the Bull Run?

Binance Coin Price Prediction 2024-2033

• BNB Price Prediction 2024 – up to $336.70
• BNB Price Prediction 2026 – up to $934.69
• BNB Price Prediction 2029 – up to $2,892.87
• BNB Price Prediction 2032 – up to $8,624.66

In the wake of the recent resignation of Binance’s CZ Zhao, and the ensuing lawsuit, which has gotten the former CEO to plead guilty to money laundering violations levied by the USDOJ, BNB has since plummeted by 7.91% since touching $253 in November 2023. What next for BNB in 2024? Let’s get into the details.

How much is BNB worth?

The current Binance coin price is $314.99 with a 24-hour trading volume of $1,264,845,800. BNB is down 1.24% in the last 24 hours. The current CoinMarketCap ranking is #4, with a live market cap of $47,785,628,044. It has a circulating supply of 151,691,266 BNB coins and the max. supply is not available.

Binance Coin Price Analysis: BNB devalues to $314.2 after abrupt downturn

TL;DR Breakdown

• Binance Coin price analysis confirms a downtrend.
• Coin value has dropped down to $314.2.
• Strong support is provided at $232.2 end.

The latest one-day and four-hour Binance Coin price analysis for 05 January 2024 confirms signs of an aggravating bearish trend. Although the bullish wave remained intense earlier this week, today the bears were able to bounce back swiftly. As a result of the ongoing bearish swing, the cryptocurrency value has sunk to $314.2 low.

BNB price analysis on a daily timeframe: Downtrend aggravates as coin value declines to $314.2

The latest one-day Binance Coin price analysis confirms signs of a decreasing trend for the day. The price has been following a descending path since the past 24-hours, as the selling activity is intensifying quite rapidly. As the price took a downturn today, the coin value has demoted to $314.2. Moreover, its Moving Average (MA) value has dropped down to $316.3 because of the downtrend as well.

The volatility is decreasing which is a bullish hint regarding the coming market trends. As a result of the changing volatility, the upper end of the Bollinger bands indicator has moved to $348.7 high. Whereby, the lower end of the Bollinger bands indicator is currently present at $232.2. The Relative Strength Index (RSI) indicator confirms the ongoing downside as its overall value has depreciated below index 66.3.

Binance Coin price analysis on the 4-hour chart: Cryptocurrency seeks bullish recovery above $314

The recent four-hour Binance Coin price analysis confirms a major bullish recovery for now. The bulls were able to make a comeback in the last four hours, which is an encouraging sign for the cryptocurrency buyers. Because of the latest upturn, BNB/USD value has spiked up to $314.2 high. On the other side, its Moving Average value has deteriorated to $318.3 because of the earlier descent.

The volatility has undergone a subtle rise which is a bearish signal regarding the coming hours. As the volatility is changing, the upper and lower values of the Bollinger bands indicator have shifted. The upper extreme now shows its value at $324.6 whereby the lower extreme occupies $309 end. The RSI graph displays a sharp bullish curve as well as its overall value has improved up till index 46.96.

What to expect from Binance Coin price analysis

The latest one-day and four-hour Binance Coin price analysis indicates a downturn in price for the day. The bears are now reigning the market as a considerable rise in selling pressure was observed. The coin value has dropped below $314.2 low today, and a further downturn can be observed soon. Alternatively, the four-hour price analysis depicts a relatively bullish scenario which is an encouraging news for the buyers.

Recent News/Opinion on BNB

Binance Boosts BNB Presence with Expanded Margin Trading Options.

In its recent update, Binance, the world’s leading cryptocurrency exchange, has rolled out new margin trading pairs for popular assets like Solana (SOL), NFPrompt (NFP), and Enzyme (MLN). Notably, the focus on Binance Coin (BNB) is evident with the introduction of BNB/USDC pairs on both cross and isolated margins. The move aims to enrich the trading experience, offering users greater portfolio diversification and increased flexibility in trading strategies. Alongside these developments, Binance has also launched USDC-margined perpetual contracts for various cryptocurrencies and updated its Coin-Margined Futures Liquidity Provider Program. As of the latest market update, SOL has seen a 6% decline, trading at $107.91, while BNB remains stable at $318, and SEI has experienced a 3% decrease to $0.731 after a recent 60% rally.

Binance and CEO CZ Fined $2.7 Billion in CFTC Verdict for Money Laundering Charges.

The US Commodity Futures Trading Commission (CFTC) has imposed fines of $2.7 billion on Binance, the world’s largest cryptocurrency exchange, and $150 million on its former CEO, Changpeng Zhao (CZ). The penalties stem from allegations of violating US anti-money laundering and sanctions laws, with Binance accused of facilitating over 100,000 suspicious transactions, including those linked to terrorist groups and illegal content. CZ stepped down as CEO in November, pleading guilty to anti-money laundering law violations. The fines highlight regulators’ efforts to enforce anti-money laundering regulations in the cryptocurrency sector, as Binance aims to rebuild trust under new leadership led by CEO Richard Teng.

Judge Rules Binance Founder Must Stay in U.S. for Sentencing.

A federal judge in Seattle has ruled that Changpeng Zhao, founder of Binance, must remain in the U.S. pending sentencing for money laundering charges. The decision overturned a previous ruling allowing Zhao to return to the UAE. The judge expressed concerns about Zhao being a flight risk despite a substantial bond, citing the belief that his vast wealth, mostly held overseas, might incentivize him to forfeit the bond for freedom. The case involves allegations of Binance ignoring criminal transactions, resulting in one of the largest corporate fines in U.S. history. Zhao faces a maximum of 18 months in prison, and both Binance and Zhao have agreed to substantial settlements.

Binance Coin Price Predictions 2024-2033

Price Predictions by Cryptopolitan

As the crypto landscape continues to evolve, it’s essential to stay informed about potential price trends and developments in one of the industry’s leading assets. Join us as we explore what the years 2023 to 2032 may hold for BNB and gain valuable insights into its potential price movements.

Year	Minimum Price ($)	Average Price ($)	Maximum Price ($)
2023	229.29	250.79	257.96
2024	362.65	375.19	420.31
2025	530.11	545.12	633.06
2026	788.12	815.37	934.69
2027	1,143.99	1,184.76	1,379.84
2028	1,629.16	1,688.39	2,044.03
2029	2,416.74	2,501.16	2,892.87
2030	3,404.39	3,529.45	4,303.39
2031	4,986.75	5,127.93	6,045.95
2032	7,121.63	7,378.02	8,624.66

Binance Coin Price Prediction 2024

According to our Binance Coin price projection for 2024, BNB may touch a peak value of $420.31. Our prediction suggests an average trading value of $375.19, with a potential minimum price of $362.65.

Binance Coin Price Prediction 2025

Looking ahead to 2025, our price forecast for Binance Coin suggests that the cryptocurrency could reach a maximum price of $633.06. Our estimations also propose an average value of $545.12 for BNB. In more conservative market conditions, the asset could still maintain a floor price of about $530.11.

Binance Coin Price Prediction 2026

With respect to our Binance Coin price forecast for 2026, we posit that BNB could scale up to a maximum price of $934.69. Our model project’s that the asset could still achieve a base price of $788.12, and a mean price of $815.37.

Binance Coin Price Prediction 2027

For the 2027 financial year, our Binance Coin price evaluation infers that BNB may reach a maximum valuation of $1,379.84. We expect an average trading price of approximately $1,184.76. The minimum price for the digital asset could be close to $1,143.99.

Binance Coin Price Prediction 2028

Our BNB price forecast for 2028, suggests that the ongoing growth of the Binance ecosystem will contribute significantly to BNB’s future price action. Our projections foresee a maximum price of $2,044.03, an average price of $1,688.39, and a minimum trading value of $1,629.16.

Binance Coin Price Prediction 2029

For the year 2029, our Binance Coin price analysis predicts a sustained upward trajectory for the asset, potentially reaching a maximum price of $2,892.87. We also forecast an average trading price of about $2,501.16, and a minimum binance coin’s price of $2,416.74.

Binance Coin Price Prediction 2030

According to our Binance Coin price prediction for 2030, BNB could attain a maximum market valuation of $4,303.39. In addition, our forecasts suggest an average market price of $3,529.45 and a minimum price of $3,404.39.

Binance Coin Price Prediction 2031

Based on the Binance Coin price prediction for 2031, our analysis indicates that BNB could achieve a maximum market value of $6,045.95. The average projected price could be around $5,127.93, while the floor price of binance coin might be approximately $4,986.75.

Binance Coin Price Prediction 2032

Per our Binance Coin price prediction for 2032, we anticipate the possibility of BNB achieving a maximum price of $13,688.23. We predict a minimum price of $11,277.10 and an average price of $11,687.19.

Binance Coin Price Prediction 2024

Our Binance Coin (BNB) price prediction for 2024 anticipates that the asset could reach a maximum price of $257.96by the end of December. We expect an average trading price of $250.79 and a floor price of $229.29.

Binance Coin Price Prediction by Wallet Investor

Wallet Investor’s analysis presents a pessimistic outlook for Binance Coin (BNB), predicting a drop to $136.617 by 2024. Their five-year forecast anticipates a significant 93.9% reduction in BNB’s value.

Coincodex Binance Coin (BNB) Price Prediction 

Coincodex’s 5-day forecast shows a slight rise to $271.34, while a month later, it’s expected to level at $528.82. In 3 and 6 months, projections are for BNB to hit $971.42 and $744.82, respectively. Their 1-year outlook suggests a high of $943.39 for the coin.

Binance Coin Price Prediction by Technewsleader

Technewleader’s analysis projects significant growth for Binance Coin (BNB) in the coming years. They predict BNB’s price will reach up to $259.14 by late 2023, and in 2024, it’s expected to trade between $345.48 and $432.49. The forecast for 2025 shows a minimum price of $492.43 and a potential high of $605.59. For 2029, they suggest a dramatic increase, with BNB possibly hitting $2,489.39. By 2032, the price is anticipated to oscillate between $6,554.95 and $8,061.80.

Binance Coin Price Predictions by Industry Influencers

CHICHI CHARTING anticipates a possible upward movement for BNB, citing a possible breakout above the $237.9 critical resistance level. The analyst adds that if BNB breaks above resistance, the next target price is identified at $274.50. Beyond that, a higher resistance level is noted at $293.50. In case BNB continues to consolidate below $237.9, there’s a possibility it might retest a previous resistance-turned-support level at $219.7. According to CHICHI CHARTING, if BNB falls below the $219.7 level, it might retrace back to support levels observed during its consolidation phase between August and October ($208.6).

Binance Coin Overview

A year ago, the observation was that BNB and LINK were the only two coins that really steadily went up during the bear market. It is quite likely that as BNB continues to grow in popularity, we will see wider use of BNB. With the introduction of the Binance Card, BNB could almost be used anywhere, though technically speaking, with every transaction, it will be converted into fiat. A good indicator would be market performance. Let’s take a look at how BNB compares with other altcoins.

BUSD and Binance-Peg BUSD is available on multiple blockchains, including Ethereum, BNB Smart Chain, and BNB Beacon Chain. Now Binance-Peg is also available on Avalanche and Polygon. Binance-Peg BUSD support on Avalanche and Polygon provides traders with a fast and safe way to transfer the USD-backed stablecoin across different platforms. All users are now able to explore the Avalanche and Polygon ecosystem with Binance-Peg BUSD more safely and efficiently. In the future, the Binance BUSD team is committed to bringing more use cases into its ecosystem. Follow BUSD updates on CoinMarketCap.

Binance Price History

The varying price differences of Binance Coin (BNB) can be studied better using Crypto Volatility Index (CVIX). CVIX helps analyze the price dynamics and helps to ponder on essential elements that affect the current and future Binance coin prices. CVIX also carefully visualizes the algorithmic methods that demonstrate the market sentiment of BNB, either in a positive or negative light.

Binance Coin had a remarkable 2019. It was positive in many aspects, and although the currency slowed a little in the second half of the year, it had a significant push by the end of 2019, primarily because of the IEO that was launched later that year. Binance coin price closed in 2019 with a gain of over 150%. However, in the following year (2020), a noticeable downward pattern was noticed. It was ongoing for more than six months, mainly due to the pandemic at the beginning of the year. The downward trend was seemingly more extended than usual. 

A significant characteristic of many cryptocurrencies is volatility, and the Binance coin suffers from the same. Binance coin has shown a lot of potential over the short-term price analysis. Let’s see what experts have to say about the BNB.

Coinfan’s Binance coin prediction is that BNB holds an optimistic future as the current price rally might continue till the end of the year. Take a look at this progression in BNB prices.

The highest BNB price over the years. What’s up in 2022?
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More on the BNB Network

What is Binance Coin?

The Binance coin is listed on the Binance trading platform as an individual coin, a digital asset, trading with the BNB symbol. Binance coin started in 2017 and is backed by blockchain. BNB coin runs on ERC20 Ethereum. the Binance ecosystem is designed to support a range of utilities, such as trading fees, listing fees, exchange fees, etc.

Furthermore, the main reason why Changpeng Zhao (founder of Binance Exchange) initiated the BNB coin was to remove many trading problems hindering the crypto market. The vision he had made solved those problems and, at the same time, made Binance coin a top competitor with other crypto exchanges.

Who are the founders of the Binance exchange?

Changpeng Zhao and He Yi started the Binance coin in July 2017. They first began Binance as an Initial Coin Offering (ICO), but today, Binance has become one of the most significant crypto coins globally.

The crypto token has garnered support from other partnerships, which has helped its usage spread. It includes a partnership with Asia’s premier high-end live video streaming platform, Uplive, which sells virtual gifts for BNB tokens to Uplive’s 20 million-strong user base.

Binance coin is also supported by the platform, the mobile app, and the VISA debit card of Monaco, the pioneering payments and cryptocurrency platform.

Fortunately, price predictions are meant to cover price forecasts for Binance coins for a prolonged period. Therefore, short-term trends are not primarily instrumental in determining the future price of a coin. As a result, the Binance coin price prediction for 2022 onwards will focus on historical price actions and price predictions from market experts.

Binance ’s CEO, Changpeng Zhao, visited El Salvador 4 months ago. His company, being the biggest cryptocurrency exchange in the world, and El Salvador, being the first country to adopt bitcoin as legal tender, something big is brewing. According to the Secretariat of Communications of the Presidency of the Republic of El Salvador, Binance’s CEO is visiting the country “along with other entrepreneurs, who are interested in knowing the investment possibilities.”

Is there a maximum supply of BNB coins?

Yes, a maximum supply of 170,532,785 BNB coins is available, and a total supply 153,432,897 have been distributed as of April 2021. Binance whitepaper says that half of the top supply was used for the ICO and public sale of the token.

BNB crushed it throughout 2021 as the Crypto Coin of 2021 and cemented itself as the third more popular coin in the world by market capitalization. Not a small feat, considering the phenomenal year that altcoins had. Several projects had their moment in the sun, capturing capital, headlines, and attention. No one got near Binance Coin, though. The award was given by Arcane Research.

Binance Coin adoption and technology

Binance coin is famous for many reasons, but a significant reason is that it holds about 1 billion in trading volume every day. Binance seems to have a very bright future, but it needs stability. To do that (bring stability) and avoid sudden market fluctuations, BNB will have to be burnt using a systematic approach.

BNB had the potential to have an initial coin offering (ICO) of 100 million, and upon its launch, it hit the potential in July 2017, and $15 million was successfully raised. The generated funds were used to make the ecosystem larger by using a large sum of the money for marketing purposes, an exciting business opportunity that provided crypto startups a chance to be listed on the Binance cryptocurrency exchange platform.

Another essential characteristic that makes BNB unique and a center of attraction for adoption is that other digital assets can be traded for BNB. It can pay the Binance 0.1% trading fee when users move their crypto coins from the exchange to a private wallet. The price is typically charged in addition to the withdrawal fee. 

However, Binance does not support smart contracts and uses the Tendermint Byzantine-Fault-Tolerance (BFT) consensus protocol which allows multiple nodes (Validator nodes, accelerator nodes, etc.) to be used in transactions, validation, and authentication processes at different stages.

Another vital advantage of the Binance coin is that it can be used in particular ICO investments using the Binance launchpad program; this creates a flawless framework where other virtual tokens can be traded. This creates an excellent opportunity and allows for extra credit and debit cards to be supported on the Binance cryptocurrency exchange platform, the digital currency, and the mobile app.

Learn More About Binance NFT Marketplace

• How to Find Your NFT Contract Address
• How to Get Started with the Binance NFT Marketplace
• How to Buy an NFT on Binance NFT Marketplace
• How to Sell an NFT on Binance NFT Marketplace
• How to Deposit NFT on Binance
• Find Out More About NFT Mystery Box Collection

Conclusion 

The Binance Coin ecosystem has continued to draw investors who use the platform to explore opportunities its ecosystem presents, including Defi, the crypto market, and NFTs. The token has risen to glory within a short time as more applications are built on the smart chain. It has several use cases, making it engraved in the trading experience of several traders using the Binance crypto exchange platform.

With Binance Chain expertise, users can deploy smart contracts that fit their application needs or virtual machines that dictate exactly how the blockchain should operate. Binance has built one of the most secure trading platforms in the world where users can enjoy different security features, such as KYC, 2FA, and Anti-Phishing Code, to protect themselves against nefarious actors. Users can also rest assured that their funds are SAFU in Binance.

Currently, BNB is among the top five largest cryptocurrencies by market cap. Despite the current market downturn, the price predictions of BNB are relatively optimistic since the token demonstrates healthy growth behavior, and the trading platform continues to grow and amass new users. The overall development of the Binance exchange could directly translate to the positive growth of the BNB coin.

If the market stabilizes and further developments and collaborations continue in the Binance ecosystem, as we have had with the Binance chain, massive adoptions are imminent in the forthcoming years, which could result in BNB breaking through the $1000 mark. For instance, Paysenger, Mean Finance, Buff Network, Weave6, MIM, and Hinkal, among others, are some of the latest projects coming to the BNB chain. While the prospects of BNB look good, the crypto market still remains volatile, and investors are reminded to do their due diligence and approach the Binance coin market with the utmost caution.