This article was last updated on August 8, 2022
If you are familiar with the crypto market, it is inevitable that you have heard of Binance. It currently is the biggest crypto exchange (CEX) platform seeing more than $10 billion in volume a day. The founder of Binance is Changpeng Zhao, who had to move the company to the Cayman Islands due to China placing restrictions. With the expansion of the platform, we were introduced to BNB – the native cryptocurrency. Because of how fast Binance is growing, many are wondering about Binance Coin (BNB) price predictions for the near future, as well as 2025 and 2030.
However, before we even get there, we must first see what utility the token provides. Aside from that, we will look at what competition the platform is facing, its price history, and finally, our price prediction.
At first, the Binance Coin was launched as an Ethereum token. Later on, the team behind Binance made the smart choice to move the token to their own blockchain.
Aside from a native token, Binance has its own ecosystem. This includes the Binance Chain, Binance Smart Chain, Trust Wallet, Binance NFT Marketplace, Binance Academy, and others. Each of these sectors has plans to keep expanding and developing. But that aside, let’s explore everything BNB.
Over the past week, the price of Binance Coin (BNB) remained around $327.02. The circulation supply is 161 million tokens. The market cap went up to $52 billion.
How To Buy Binance Coin (BNB) – Summary
You can become an owner of BNB in just a couple of steps:
- Find a CEX that offers BNB.
- Create an account.
- Deposit funds.
- Exchange for BNB.
- (Optional) Transfer BNB to a third-party crypto wallet.
This is just a summary of the full version, which you can find below.
What Is BNB Used For?
BNB is the native token of the Binance platform. It has many uses that allow users to greatly benefit from simply being owners of the token. Overall, if you are trading on the Binance platform, it is a good idea to have some BNB. Let’s see why.
The BNB token was initially used as a token for discounted trading fees. This enables users to trade more, while the fees do not compound as much. However, with time, the platform saw an increasing number of uses for BNB. This includes paying for fees, booking travel accommodations, entertainment, online services, taking loans, staking, etc.
Aside from that, you can even invest in some ICOs in Binance’s Launchpad, using BNB. It will not be surprising to see the token becoming even more useful in the near future. Mainly because with the increasing interest around the crypto market, more and more people will be using the Binance platform. Naturally, because of this, the price of BNB will also go up.
Overall, the Binance platform is giving a great example to other crypto networks on how to utilize both the token and the network.
This will have a strong effect on our Binance Coin predictions for 2025 and 2030.
Competitors
When talking about competition and BNB, we will focus mainly on the token in tandem with the platform, and not each separately. As such, we must go through other CEX platforms’ native cryptocurrencies. These include FTX and Crypto.com Exchange only, because the other platform tokens are definitely not as big.
FTX & FTX Token (FTT)
FTX is a crypto exchange platform that quickly started gaining interest in late 2021. It is described as a “crypto derivatives exchange platform”. The reason for its surge in popularity is mainly that it added many features its users can benefit from. This includes an NFT Marketplace, FTX OTC (offering better rates for big-volume traders), staking, leveraging, options, etc.
As such, the native token of the platform – FTT – is also getting some adoption. Users can benefit from its possession by getting lower trading fees and access to some additional features. Aside from that, you can use the FTT token as collateral when trading derivatives.
Additionally, FTX offers more than 310+ cryptocurrencies available, in contrast with Binance’s 405+. Of course, FTX is nowhere near the daily trading volume, unique users, or tokens available. However, it is quickly rising through the ranks and is currently #3 by exchange score according to the CoinMarketCap website.
Crypto.com Exchange & Crypto.com Coin/Cronos (CRO)
Crypto.com Exchange is another major CEX, that is most well-known because of the domain it owns. Aside from that, it has an extremely high marketing budget and a great team behind it. It is not surprising that we are seeing advertisements almost everywhere. Most recently, they’ve been featured during the Super Bowl 2022.
Other notable advertisements include featuring the actor Matt Damon, basketball player LeBron James, MMA fighter Dustin Poirier, and more. But enough about the advertising power of Crypto.com Exchange.
If you are an owner of CRO, you get to stake your token and act as a validator, earning fees for any transaction processing. In a sense, this is similar to mining. You can also pay for transaction fees using CRO. And if you want more, you can earn an annual interest of up to 12% on your CRO tokens when staking.
Furthermore, you can get up to 20% cashback by paying for services in the Crypto.com Pay app. You can also get 10% cashback when buying gift cards and making P2P transfers.
Crypto.com is yet another major competitor to Binance and its native BNB. However, Binance is simply too far ahead of all competition at this moment. It offers too many great features that will require quite some time to be surpassed by other competitors such as FTX and Crypto.com Exchange. The reason why we included this piece of information is that in our Binance Coin price prediction for 2025 and 2030 section, we will keep in mind competition.
Price History & All-Time High
With the launch of the token back in 2017 and its utility to discount transaction fees, many became owners of BNB. However, that was way before we got the hype around cryptocurrencies (2021). It seems that BNB and the crypto industry are here to stay, or at least that’s what we and all crypto enthusiasts believe.
When talking about BNB price predictions, no matter if for 2025 or 2030, it is important to look at the price history of a token. This way, you will know what to expect when it comes to short-term, as well as long-term price movement.
Up Until 2020
Ever since its launch, BNB’s been a hot topic amongst crypto enthusiasts. BNB went at around $0.10 upon launch, but until the end of 2017 quickly reached $5. Those who believed in the platform were definitely fortunate. This is at least 4900% growth, so even a $1 investment, turned into $50.
At one point during 2018, BNB went up to $22, which is quite the feat. However, by the end of the year, it saw a dip back to $5.
In 2019, the price of BNB started moving quite a lot. It went up to nearly $40, then back down to $15, then again up to $20. Unfortunately by the end of 2019 it once again saw a dip, this time to $13.
Now in 2020 is when the action began. The price of BNB fell down below $10 only once, after which it just kept going up as if it were a stock market asset. By the end of the year, it steadily reached $38.
Through 2021
The growth seen in 2020 made its moves straight into 2021. This is also the year when crypto got in the spotlight of the world. More specifically, in February, the interest in the industry spiked unlike ever before. Most tokens saw their all-time highs, and the ones that were already popular even went up by 10x-20x in only a couple of weeks.
Just like most other cryptocurrencies, BNB reached its all-time high price of $675 in May. Since its initial gains for 2021, BNB never fell under $250.
The year saw its final days of 2021 with BNB priced at around $515.
2022 And Beyond
The bull run of 2021 inevitable had to end. That happened in 2022, when we saw the crypto market crash in a similar fashion to the crash in May 2021. As such, the BNB price dropped down to nearly $340.
Currently, the price of BNB is just above $280.
With this, we conclude our dedicate sub-section. It was quite important to go through it because it will help our price predictions for Binance Coin (BNB) for 2025 and 2030.
Price Prediction For Binance Coin (BNB) – 2025 & 2030
The crypto market is highly volatile and the price of many tokens can gain or lose 20-30% in a single week, BNB included. Of course, because of this, predictions are more often than not quite inaccurate. This happens due to the fact that we take the current price into account. However, as we said, it can quickly lose or gain value, throwing any forecasts out the window.
Trying to predict the future and the vision coming to fruition is always fun. In this case, though, assets will be on the line for token owners. For this reason, stay aware and look at these price predictions with a pinch of salt, as usual.
If you are interested in price predictions, we suggest checking out our dedicated articles on 1INCH, SHIB, and CELO.
This time around, we will be exploring the potential “good” and “bad” case scenarios for both our 2025 and 2030 Binance Coin price predictions. Let’s get to the analysis.
2025 Binance Coin Price Prediction
2025 might not seem too distant, but in the grand scheme of the crypto market, it actually is. The thing is, that with ongoing global military, political, and health issues, things can change in a single second. So what is left for 2025?
Well, there actually is a thing or two we can do to try and calculate a potential price. However, it is quite important to explore both the optimistic and pessimistic scenarios.
Potential Growth
If we see a bullish run of the crypto market on a major scale, then we will definitely see growth in the price of BNB. A couple of factors will affect the price, however, including any new competitors that arise, global issues, crypto regulations, and others.
But if try ignoring these for a second, we’d probably see growth anywhere from 2x up to 10x, if we are being realistic. This means, with the current price of around $400, we will see BNB anywhere between $800 and $4000.
However, some crypto enthusiasts discuss that we can even see BNB breach the $10,000 mark in a 3 to 5-year period time. Of course, this might sound absurd, but truthfully, it is still a possibility.
We also sometimes analyze the price predictions made by bots and compare them to each other, to make an estimated forecast. In this case, we see that there is a tendency that the lower price we can expect for 2025 is about $500, while the maximum is around $5000. This is quite the gap, but bots take into consideration past prices, market movement, and calculations.
Chances Of Losing Value
It is important to see a worse scenario when looking at predictions, so one can make an accurate assessment. Following that, we can compare the worse scenario, with the better one, and keep both expectations in mind.
The price here can also be affected by the same factors as previously, but also by any internal problems. This includes any security breaches, developers leaving, CEO changing, and more.
Also, if we see a bearish market we will probably see the price drop down up to 50%. Of course, this is long-term, so there will be ups and downs, but this is the overall price BNB will potentially dip to. This means that. With the current price of $400 in mind, this will mean we can see BNB down to around $200. Since we are speculating here, we can also expect it to go down to $150 or stay at around $250.
Of course, there are those that do not see Binance keeping up with the competition and dropping even further. However, this is highly unlikely for now, if we judge by the current market and its users.
2030 Binance Coin Price Prediction
If 2025 was not far enough, then 2030 definitely is. We are diving in deep water here, so the predictions will just keep getting more speculative. The price, at this point, can be affected by more than just all the abovementioned factors. Small things such as people losing interest, marketing getting weaker, or any other agendas will have a strong impression on the price.
However, we can still make a calculation, no matter how accurate it might be. In the following two cases, if the current price moves by even 5%, these price predictions will be completely different.
Best Case Scenario
If everything goes according to Binance’s plan and they remain the biggest crypto exchange that people use. And if cryptocurrencies, in general, keep getting massive adoption at the same rate it currently does, we can see the price of BNB skyrocket. Some even think that because of its utility as a platform, BNB could surpass Ethereum at some point.
Of course, this is highly unlikely, because once Ethereum 2.0 drops, its price will reach the moon, even if only for a little. Enough about other networks, let’s make our predictions.
BNB is probably going to at least 10x its current price by 2030 if things keep working out. However, if we are being a bit more optimistic, we’d say it can even 20x-30x. If that’s the case BNB will reach between $8000 to $12,000. This is massive growth, of course, however, in 8 years, Bitcoin did even better.
Potential Downfall – Binance Coin Price Prediction
This might be a bit radical, but we will be looking at the case in which Binance completely loses adoption and value. Of course, this doesn’t mean it will be losing 100% of its value, as traders will still use the token to make a movement, and, hence, gains.
Let’s say Binance sees a security breach or the CEO makes a bad decision, which completely changes the course of the company. In this case, we will see it losing at least 80%-90% of its value. Because if people stop using the platform, BNB itself doesn’t have too much utility. In this case, the price of BNB can go down to $40-$60.
Overall, we think judging the price of BNB is just the fruit of how well the Binance platform is doing. Of course, this also includes the movement of the crypto market in general.
With this, we conclude our Binance Coin price predictions for the years 2025 and 2030.
Is Investing In BNB Worth It?
BNB is a token based on the biggest crypto exchange platform right now. As such, determining whether or not BNB is a worthy investment will not be a difficult decision for some. If you believe in the Binance platform and its future expansion, then it’s only natural that you’d want to own some BNB. It is inarguable that BNB will just keep rising in price if it gets more utility or the platform gains even more adoption.
With all the plans Binance has for its platform and BNB being the backbone token of the platform, we can certainly expect it to keep growing. However, many factors should also affect your decision. These include believing in the platform, in the crypto market, and that no competitors will be surpassing Binance anytime soon.
According to all the information we have and the current situation with Binance, we firmly believe it will keep growing as a project, thus it is a good investment.
How To Buy Binance Coin (BNB) – In-Detail
Time needed: 15 minutes
Earlier, we showed you a summarized version of our guide on buying BNB. This time around, we will be going somewhat in-depth with the instructions.
- Choose a crypto exchange platform
Makes sure the crypto exchange platform you choose has BNB listed. Of course, it is best to look for BNB in the Binance platform, as there are no fees there. However, you can also check out eToro, FTX, and KuCoin. We recommend either eToro or Binance as they offer the lowest fees.
- Create an account
Now is the time to create an account with the platform you chose. We put this as a step because creating the account is not the only thing you must do. Before making any deposits and buying crypto, you will need to verify your identity. Each platform has its own requirements when doing so.
- Add funds to your account
Once your identity has been confirmed, you will need to make a deposit (although you can directly purchase BNB as well). This is great for when the price is not as low as you want it to be. Once it drops, you can instantly join the ride.
- Purchase BNB
You can now purchase BNB. This can happen by direct purchase or by exchanging the fiat you deposited for BNB. Additionally, if you already purchased a stablecoin, for example, you can exchange it for BNB.
- (Optional) Transfer BNB to an external crypto wallet
The platforms we mentioned earlier have integrated crypto wallets, making things more convenient. However, there are those who prefer keeping their assets in a third-party wallet. This is possible without any additional fees. Some popular third-party crypto wallets are Metamask, TrustWallet, Exodus.
How To Buy BNB From eToro
eToro is one of the biggest asset exchange platforms out there. It is well-known for its accessibility and easy-to-use app. In this short section, we will guide you on how to purchase BNB from eToro in a couple of easy steps.
- Open an account with eToro. It should take you only a couple of minutes.
- Verify your identity. This will allow you to start trading.
- Link your card account details. Once you do, you will have a way of adding funds to your account and buying BNB.
- Add funds to your account. Doing so will make exchanging fiat for crypto swift.
- Purchase BNB. Choose the amount you wish to buy and confirm the trade. It will be added to your integrated eToro crypto wallet.
If you followed the instructions, step by step, you are now a proud owner of BNB. Congratulations!
Conclusion
When doing cryptocurrency predictions, there are quite a lot of factors that need to be taken into consideration. And this is exactly what we did here. Getting familiar with how a cryptocurrency and its network operates is just the beginning, but it’s a strong foundation. Following that, one needs to stay well-informed about the competition of a network, because it can directly affect it.
And of course, going through the price history of an asset, allows us to better understand what we can expect. From there, going to price predictions is not that hard to do. Of course, this is easier said than done. However, as we all know, no matter what kind of predictions we do, whether it is in the financial world or in real life, more often than not, they are bound to be inaccurate.
It is already hard to predict the future prices of assets outside of the crypto industry, so what’s left for token price forecasts. This doesn’t mean that predictions are not fun to do, but they should be taken with a grain of salt at all times.
Most importantly, investing in a crypto asset solely because of a price prediction is probably never a good idea. Looking into the project and doing research is a good place to start. But it mostly boils down to whether you believe in a project or not.
The future for Binance and its native token is looking bright, but predicting what will happen to its price, with the current financial situation the world is in, is nearly impossible.