Binance Coin (BNB) Price Prediction 2023-2030: Will BNB reach $500 Soon?

• Bullish Binance Coin (BNB) price prediction ranges from $250 to $500.
• Analysis suggests that the Binance Coin price might reach above $440.
• The Binance Coin bearish market price prediction for 2023 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 2023, 2024, 2025, 2026, up to 2030, keep reading this Coin Edition article.

Binance Coin (BNB) Market Overview

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) Current Market Status

The maximum supply of Binance Coin (BNB) is unknown, while its circulating supply is 153,847,079 BNB, according to CoinMarketCap. At the time of writing, Binance Coin is trading at $213.12 representing 24 hours increase of 0.75%. The trading volume of Binance Coin in the past 24 hours is $591,545,977 which represents a 87.88% increase.

Some top cryptocurrency exchanges for trading Binance Coin are Binance, Kucoin, and Bithumb. 

Now that you know Binance Coin and its current market status, we shall discuss the price analysis of  Binance Coin  (BNB )for 2023.

Binance Coin (BNB) Price Analysis 2023

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 2023 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). 

The upper band as shown in the chart is calculated by adding two times the standard deviation to the Simple Moving Average while the lower band is calculated by subtracting two times the standard deviation from the Simple Moving Average.

When scrutinizing the behavior of BNB, we can see that after the surge in early 2023, the coin never had the chance to go bullish. It hit the upper band and started to fall towards the lower band or at times kept hugging the lower band. Currently, after touching the lower band, BNB is retracing and heading towards the upper band. 

As the bands are currently contracting, there is a high chance that they could widen in the future. The above forecast could be justified by the behavior of the bands where each session of contraction was followed by a period of expansion.

The above chart shows that most of BNB’s activity was on a downtrend with some bullish green patches here and there. This shows that the sellers have had the upper hand since February 2023. However, when the traders start to buy the dip, there is a high possibility that the trend could change. The Bollinger bandwidth percentile reads a value of 18.25% heading parallel to the horizontal axis. As such, this shows that there may be more consolidation. This prevalent consolidation may be prolonged before BNB starts to actually move vertically. 

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. 

When the RSI reads a value (>70) then the crypto is overbought, which means that due to more buying the demand has increased as such the price has also increased. On the other hand, when it is oversold, many are selling, as such, its price is undervalued.

The above chart shows that the RSI is 47.23 for BNB at press time. As the RSI is neither in the overbought nor oversold region, the trend could be considered strong. Since there seems to be some buying pressure building for BNB, there is a chance that the RSI could keep rising. 

The RSI indicator is a versatile tool that could be used to detect divergences. Usually, the RSI reciprocates the behavior of the coin. If BNB makes a higher high, the RSI also usually makes a higher high. However, in the event the RSI makes a lower high when BNB makes a higher high, this could be considered a bearish divergence. 

Binance Coin (BNB) Price Analysis – Accumulation and Distribution Line

The Accumulation and Distribution Line (ADL) is an indicator that relies upon the price and the volume of the cryptocurrency to find out how strong the current trend is. Generally, if there is a price rise then the ADL should also rise along with the price. When the preceding happens then there is an assurance that the price rise is being supported by volume. However, when the ADL falls while the price rises, then, it shows that the price change is not supported by volume and the trend is weak.

Currently, the ADL reads a value of 652M and the line seems to be heading in the upward direction. This shows that the price and the volume are increasing, as such the trend is strong. However, the ADL percentage indicator gives a negative reading of 8%. Moreover, as the price is increasing the ADL is moving in the opposite direction. This is a divergence and the selling pressure is increasing. Hence, BNB could fall. 

Binance Coin Price Prediction 2023-2030 Overview

Binance Coin (BNB) Price Prediction 2023

The above chart highlights BNB’s fall in early June 2023. As per the chart, it could be noted that after the fall BNB was trading between the 0.5 and 0.786 fib retracement levels. Just after BNB touched the 1:1 Gann line it descended one level below and reached out for support from the 1 fib retracement level.  If the bears continue to influence, BNB it could slide along the 1:1 Gann line until it finds support. 

As per the chart shown above BNB could take a deep fall if the fib retracement levels are invalidated. BNB could take a deep fall to $9.3, as there seems to be no support level in the middle to keep BNB’s prices from crashing further. 

However, if this upward price movement continues for the next few days, then the price of BNB could reach the $253 resistance level first, and thereafter if it breaches that resistance level, it could head over to $340. With more pressure from the bulls, BNB has the potential to reach $440. 

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

The chart above shows that BNB attempted to break above the $650 resistance level on two occasions but was rejected on both occasions. During its second spike which started in June 2021, the coin was fluctuating above the 1:1 Gann line which is a bullish sign. However, after the spike BNB has been struggling to get going and was able to reach $350 as the maximum price for 2023. Currently, BNB is testing the 3:1 Gann line and there is a possibility that it may breach this level and move upwards toward the 4:1 Gann line. 

Binance Coin (BNB) Price Prediction 2024

There will be Bitcoin halving in 2024. Hence, we should expect a positive trend in the market due to user sentiments and the quest by investors to accumulate more of the coin. However, the year of BTC halving didn’t yield the maximum for Binance Coin based on the previous halving. Hence, we could expect Binance Coin (BNB) to trade at a price, not below $536 by the end of 2024.

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 $1,180 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 $735 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 $1,015 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 $1,400 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 $2,045 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 $1,960.

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 $4,365 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 $6,737.

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 $440 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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