Binance Coin (BNB) Price Prediction 2024-2030: Will BNB reach $1,000 Soon? (2024)

• Bullish Binance Coin (BNB) price prediction ranges from $650 to $950.
• Analysis suggests that the Binance Coin price might reach above $925.
• The Binance Coin bearish market price prediction for 2024 is $200.

Binance Coin is the native token of the Binance Smart Chain (BSC). It is owned by the largest cryptocurrency exchange in the world for spot trading. Binance Smart Chain allows developers to create decentralized applications (DApps). Binance Coin is denoted with BNB and has increased by 33.6% in the past 30 days.

Binance Coin (BNB) investors are bullish on the coin. It uses the automatic burning mechanism to reduce its volume in circulation. Investors can earn rewards by staking their BNB on the Binance Exchange or any other exchange that supports BNB staking.

If you are interested in the future of Binance Coin (BNB) and would want to know the price analysis and price prediction of BNB for 2024, 2025, 2026, up to 2030, keep reading this Coin Edition article.

Binance Coin (BNB) Real Time Market Status

What is Binance Coin (BNB)?

Binance Coin (BNB) was launched in June 2017. Binance Coin was migrated to its blockchain called Binance Smart Chain in September 2020. Binance was founded by Changpeng Zhao.

Binance Smart Chain can complete 15 transactions per second (TPS) and at a very low fee by using Binance Coin (BNB).

Some of the building blocks of the Binance Network include Binance Exchange, Binance Chain, Binance Smart Chain, Binance Launchpad, Binance Foundation, Binance Academy, and Trust Wallet.

Binance coin is compatible with Ethereum tokens and transactions on the Binance Smart Chain can be traced on the Ethereum blockchain. During the Initial Coin Offerings (ICO) of BNB, a total of $15 million was raised and the cost per coin was $0.10.

Analysts’ View on Binance Coin (BNB)

A crypto analyst tweeted that BNB might value more than $2,000 in the coming bull run.

A trader mentioned that BNB has a chance of breaking its all-time high value placed at $700 price region.

Another analyst mentioned that BNB has been eyed by many investors. He caught his long trade on Binance Coin at around $285 and holding that entry since then.

Binance Coin (BNB) Price Analysis 2024

Will the Binance Coin blockchain’s most recent improvements, additions, and modifications help its price rise? Moreover, will the changes in the payment and crypto industry affect BNB’s sentiment over time? Read more to find out about Binance Coin’s 2024 price analysis.

Binance Coin (BNB) Price Analysis – Bollinger Bands

The Bollinger bands are a type of price envelope developed by John Bollinger. It gives a range with an upper and lower limit for the price to fluctuate. The Bollinger bands work on the principle of standard deviation and period (time). When the bands widen, it means that there is increased volatility, and when the bands contract volatility reduces.

The above chart shows that the Bollinger bands have widened. Moreover, BNB has been fluctuating in the upper half of the Bollinger bands while testing the upper band. This behavior shows that BNB is on an uptrend. There seems to be a red candlestick developing above the upper band now. As such, there could be a retracement and BNB could shed some value, as it falls to the Simple Moving Average for support.

The Bollinger bandwidth percentile which represents the width of the bands in percentage shows a value of 100%. This value means that the bands have widened to their maximum, hence, there is a high chance that it could contract. Therefore, BNB could probably retrace or go through a period of consolidation.

Binance Coin(BNB) Price Analysis – Relative Strength Index

The Relative Strength Index is an indicator that is used to measure whether the price of a cryptocurrency is over or undervalued. For this purpose, it has two extreme regions known as the overbought and oversold regions.

Currently, the RSI is in the overbought zone reading a value of 83. It has been making higher highs in the overbought zone. However, the RSI is directed downwards, hence, there is a high chance that it could fall below the overbought zone and trade between the 30-70 area. During the correction, the RSI could fall below the signal line, which is the average.

Binance Coin (BNB) Price Analysis – Moving Average Convergence and Divergence (MACD)

The Moving Average Convergence and Divergence indicators use two exponential moving averages (ema) to find how the cryptocurrency is doing. Usually, the longer EMA is the 26-Day EMA and the shorter is the 12-Day EMA. If the MACD is positive that means the crypto is performing but if it’s negative, then it is losing value.

The MACD reads a value of 59.7, and it shows that BNB is going great. Moreover, the MACD line is moving further away from the signal line, which is a good sign. This shows that the MACD is performing above par (signal line). It is a common practice among traders to sell when the MACD crosses below the signal line and to buy when the MACD is below the signal line, usually in the negative zone.

Binance CoinPrice Prediction 2024-2030 Overview

Binance Coin (BNB) Price Prediction 2024

BNB seems to have completed the Wyckoff pattern. BNB rose exponentially from the end of phase C. BNB took almost two years and four months to complete the Wyckoff pattern. It will be interesting to see how far BNB could reach as it is very close to its all-time high of $690. If this exponential rise is maintained there is a high chance that BNB could reach above $925 very soon.

On the flipside, whenever BNB reached this $600+ range it has always had a fall to somewhere around $200. If the historical behavior is reciprocated then BNB may fall to $200. However, if the above-stated thesis is validated BNB could find support close to $375 on its way down.

Binance Coin (BNB) Price Prediction – Resistance and Support Levels

Currently, BNB is hovering close to Resistance 4. Interestingly, on both previous occasions when BNB touched this resistance level (4), it crashed to support 2 and 3. Hence, if BNB reciprocates this behavior, there is a high chance it could fall to this support region.

Binance Coin (BNB) Price Prediction 2025

Binance Coin may experience the after-effects of the Bitcoin halving and is expected to trade much higher than its 2024 price. Many trade analysts speculate that BTC halving could create a huge impact on the crypto market. Moreover, similar to many altcoins, Binance Coin will continue to rise in 2025 forming new resistance levels. It is expected that Binance Coin (BNB) will trade beyond the $1,200 level.

Binance Coin (BNB) Price Prediction 2026

It is expected that after a long period of bull run, the bears will come into power and start negatively impacting the cryptocurrencies. During this bearish sentiment, Binance Coin could tumble into its support regions. During this period of price correction, Binance Coin could lose momentum and be way below its 2025 price. As such, it could be trading at $800 by 2026.

Binance Coin (BNB) Price Prediction 2027

Naturally, traders expect a bullish market sentiment after the crypto industry was affected negatively by the bears’ claw. Moreover, the build-up to the next Bitcoin halving in 2028 could evoke excitement in traders. However, there’ll be a dip in price before the excitement will be reciprocated in BNB. As such, we could expect Binance Coin (BNB) to trade at around $1,150 by the end of 2027.

Binance Coin (BNB) Price Prediction 2028

As the crypto community’s hope will be re-ignited looking forward to Bitcoin halving like many altcoins, Binance Coin may reciprocate its past behavior during the BTC halving. Hence, Binance Coin (BNB) would be trading at $1,450 after experiencing a considerable surge by the end of 2028.

Binance Coin (BNB) Price Prediction 2029

2029 is expected to be another bull run due to the aftermath of the BTC halving. However, traders speculate that the crypto market will gradually become stable by this year. In tandem with the stable market sentiment, Binance Coin (BNB) could be trading at $2,300 by the end of 2029.

Binance Coin (BNB) Price Prediction 2030

After witnessing a bullish run in the market, Binance Coin and many altcoins would show signs of consolidation and might trade sideways and move downwards for some time while experiencing minor spikes. Therefore, by the end of 2030, Binance Coin (BNB) could be trading at $3,000.

Binance Coin (BNB) Price Prediction 2040

The long-term forecast for Binance Coin indicates that this altcoin could reach a new all-time high (ATH). This would be one of the key moments as HODLERS may expect to sell some of their Coins at the ATH point.

If they start selling then Binance Coin could fall in value. It is expected that the average price of Binance Coin (BNB) could reach $4,500 by 2040.

Binance Coin (BNB) Price Prediction 2050

Since Cryptocurrency will be revered and widely accepted by most people during the 2050s, we will see the masses believe more in it. As such Binance Coin (BNB) could reach $6,000.

Conclusion

If investors continue showing their interest in Binance Coin and add these Coins to their portfolio, it could continue to rise. BNB’s bullish price prediction shows that it could reach the $925 level.

FAQ

Disclaimer: The views and opinions, as well as all the information shared in this price prediction, are published in good faith. Readers must do their research and due diligence. Any action taken by the reader is strictly at their own risk. Coin Edition and its affiliates will not be held liable for any direct or indirect damage or loss.

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