Sunday, November 27, 2022
 

Binance Coin (BNB) Price Prediction: Will BNB reach $700 in 2022?

  • Bullish BNB price prediction ranges from $335.5 to $668.1.
  • BNB price might also reach $700 this 2022.
  • BNB’s bearish market price prediction for 2022 is $189.1

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 2022, 2023, 2024, 2025, 2026, up to 2030, keep reading this CoinEdition article.

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.

Binance Coin (BNB) Current Market Status

The maximum supply of Binance Coin (BNB) is 200 million BNB while the circulation supply is 161,337,261.09 BNB. At the time of writing, BNB is trading at a price of $324 which represents a 24 hours increase of 0.06%. The trading volume of Binance Coin in the past 24 hours is $1,311,838,942 which represents a 27% increase.

Some of the top cryptocurrencies for trading Binance Coin (BNB) are Binance, Bithumb, Kucoin, FTX, Mexc, Bitfinex and others.

Now that you have known what Binance Coin is, we shall discuss the price analysis of BNB for 2022.

Binance Coin (BNB) Price Analysis 2022

Currently, BNB is ranked in the 5th position on CoinMarketCap. Will developments and upgrades on the Binance blockchain lead to a rise in the price of BNB? We shall see this in this CoinEdition price analysis 2022 article.

Binance Coin (BNB) Price Analysis- Keltner Channel

BNB/USDT 1Day Chart Showing Keltner Channel (Source: Tradingview)
BNB/USDT 1Day Chart Showing Keltner Channel (Source: Tradingview)

Keltner channel is a technical analysis indicator that is used to determine trend directions by measuring the volatility above or below the candlesticks. From the Keltner Channel signals for Binance Coin (BNB), it could be seen that the present bullish run could continue since the last candlestick is within the first half of the chart from the top. Also, since the last candlestick is almost breaking out on the top of the curve, the present increase in the price of BNB might be sustained before any reversal would be expected.

Binance Coin (BNB) Price Analysis- Relative Strength Index

NB/USDT 1Day Chart Showing Relative Strength Index (Source: Tradingview)
BNB/USDT 1Day Chart Showing Relative Strength Index (Source: Tradingview)

The Relative Strength Index (RSI) is a technical analysis indicator that measures the relative momentum in the magnitude and speed of recent price changes of an asset to deduce if it is an oversold or overbought asset. The RSI value of Binance Coin (BNB) 1day chart of BNB/USDT is at 74.56.  This shows that BNB is showing an overbought trend since it is between 70 and 100. This value could trigger a further bullish run if more buyers could be attracted to gain from the expected price increase to the 100 RSI value. However, a panic sell could crash the price below the 70 RSI value.

Binance Coin (BNB) Price Prediction-Moving Averages

BNB/USDT 1Day Chart Showing 200-MA and 100-MA (Source: Tradingview)
BNB/USDT 1Day Chart Showing 200-MA and 100-MA (Source: Tradingview)

The chart above, shows the1Day chart of Binance Coin (BNB) 200-day and 100-day Moving Average (MA). Presently, BNB is on a bullish trend as indicated in the recent uptrend. Since the 200-MA is above the 100-MA, we can deduce the price is bullish for long-term hodlers.

Also, since the gap between the moving averages is wide and within the recently formed candlesticks, the price of Binance Coin (BNB) might move sideways in the future.

Binance Coin (BNB) Price Prediction 2022

BNB/USDT 1Day Chart (Source: Tradingview)
BNB/USDT 1Day Chart (Source: Tradingview)

From the chart above, we can observe that the price of Binance Coin (BNB) was ranging between $440.1 at the resistance3 level and $335.5 at the resistance1 level, in the past few days, after touching the $270.3 support1 level and $189.1 support3 level.

Irrespective of this sideways movement in the price of BNB, we can deduce the following:

  1. The price of BNB is expected to reverse at the $335.5 resistance1 level, due to the formation of a double top. If investors have their way, the price of BNB could surge higher above the resistance2 level.
  2. The reversal at resistance1 level, could lead to a further decrease in the price of BNB up to support2 level at $229.7, until a double bottom is formed. This could lead to a bullish reversal.

Meanwhile, our long-term BNB price prediction for 2022 is bullish since it might break many psychological resistances. We can expect Binance Coin to reach $700 this year.

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

DOT/USDT 1Day Chart Showing the Key Levels (Source: Tradingview)
DOT/USDT 1Day Chart Showing the Key Levels (Source: Tradingview)

This bullish chart shows that the price of BNB has increased by 23.8% in the past 14 days. If this price increase continues, BNB could break the $335.5 resistance1 level and move higher to $668.1 at the resistance6 level, and even higher, the bullish signal for 2022.

However, if sellers have their way, the price of BNB might be dethroned from its present uptrend position. In simpler terms, Binance Coin might trend below the $189.1 support3 level, and even lower in 2022, a bearish signal.

Binance Coin (BNB) Price Prediction 2023

Binance Coin (BNB) might hit $900 in 2023 if this bullish trend continues. Moreover, in the first half of 2023, the price of BNB will see rapid growth to $800. The growth will thereafter moderate, but no significant drops are predicted. By upgrading staking rewards, investors could stake more BNB thereby reducing its volume in circulation. This could make the price of BNB reach $900 shortly.

Binance Coin (BNB) Price Prediction 2024

BNB price could hold the support level around 200-MA, the long-term moving average of 200 days firmly, buyers will then have ample time and stability to forge the next attack mission on the vital level at $1100, making it not plummet but play consistently. Additionally, this could only be possible if Binance Coin breaks through past psychological resistance levels.

Binance Coin (BNB) Price Prediction 2025

Binance Coin (BNB) prices might grow past $1300 during the next three years. Furthermore, hitting this level might not be so tough for BNB due to new medium, short-term, and long-term price objectives for purchase or sell orders may be discovered. According to the forecast, Binance Coin has a strong chance of reaching a new all-time high (ATH) price.

Binance Coin (BNB) Price Prediction 2026

BNB prices might grow past $1500 during the next four years. Furthermore, hitting this level might not be so tough for BNB due to new medium, short-term, and long-term price objectives for purchase or sell orders may be discovered. According to the forecast, BNB has a strong chance of reaching a new all-time high (ATH) price.

Binance Coin (BNB) Price Prediction 2027

BNB prices might grow past $1700 during the next five years. Furthermore, hitting this level might not be so tough for BNB due to new medium, short-term, and long-term price objectives for purchase or sell orders may be discovered. According to the forecast, Binance Coin (BNB) has a strong chance of reaching a new all-time high (ATH) price.

Binance Coin (BNB) Price Prediction 2028

Binance Coin (BNB) prices might grow past $1900 during the next six years. Furthermore, hitting this level might not be so tough for BNB due to new medium, short-term, and long-term price objectives for purchase or sell orders may be discovered. According to the forecast, BNB has a strong chance of reaching a new all-time high (ATH) price.

Binance Coin (BNB) Price Prediction 2029

BNB prices might grow past $2100 during the next seven years. Furthermore, hitting this level might not be so tough for BNB due to new medium, short-term, and long-term price objectives for purchase or sell orders may be discovered. According to the forecast, BNB has a strong chance of reaching a new all-time high (ATH) price.

Binance Coin (BNB) Price Prediction 2030

Binance Coin (BNB) prices might grow past $2300 during the next eight years. Furthermore, hitting this level might not be so tough for BNB due to new medium, short-term, and long-term price objectives for purchase or sell orders may be discovered. According to the forecast, BNB has a strong chance of reaching a new all-time high (ATH) price.

Conclusion

As said above, Binance Coin (BNB) might reach $700 in 2022 and $2300 by 2030 if investors have decided that BNB is a good investment along with mainstream cryptocurrencies like Bitcoin and Ethereum.

FAQ

What is Binance Coin (BNB)?

It is the native token of the Binance blockchain. It is denoted with BNB.

How to buy Binance Coin Token?

Like other cryptocurrencies, BNB can be traded in cryptocurrency exchanges like Binance, Bithumb, Kucoin, Mexc, and others.

Will BNB surpass its present ATH?

Since BNB provides its investors with staking rewards, it has a possibility of surpassing its present all-time high (ATH) price of $690.93 in 2022.

When was Binance Coin launched?

It was launched in 2017.

What will be the Binance Coin (BNB) price by 2023?

Binance Coin (BNB) price is expected to reach $900 by 2023.

What will be the Binance Coin (BNB) price by 2024?

Binance Coin (BNB) price is expected to reach $1100 by 2024.

What will be the Binance Coin (BNB) price by 2025?

Binance Coin (BNB) price is expected to reach $1300 by 2025.

What will be the Binance Coin (BNB) price by 2026?

Binance Coin (BNB) price is expected to reach $1500 by 2025.

What will be the Binance Coin (BNB) price by 2027?

Binance Coin (BNB) price is expected to reach $1700 by 2027.

What will be the Binance Coin (BNB) price by 2028?

Binance Coin (BNB) price is expected to reach $1900 by 2028.

What will be the Binance Coin (BNB) price by 2029?

Binance Coin (BNB) price is expected to reach $2100 by 2029.

What will be the Binance Coin (BNB) price by 2030?

Binance Coin (BNB) price is expected to reach $2300 by 2030.

More Crypto Price Predictions:

  • Bullish BNB price prediction ranges from $335.5 to $668.1.
  • BNB price might also reach $700 this 2022.
  • BNB’s bearish market price prediction for 2022 is $189.1

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 2022, 2023, 2024, 2025, 2026, up to 2030, keep reading this CoinEdition article.

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.

Binance Coin (BNB) Current Market Status

The maximum supply of Binance Coin (BNB) is 200 million BNB while the circulation supply is 161,337,261.09 BNB. At the time of writing, BNB is trading at a price of $324 which represents a 24 hours increase of 0.06%. The trading volume of Binance Coin in the past 24 hours is $1,311,838,942 which represents a 27% increase.

Some of the top cryptocurrencies for trading Binance Coin (BNB) are Binance, Bithumb, Kucoin, FTX, Mexc, Bitfinex and others.

Now that you have known what Binance Coin is, we shall discuss the price analysis of BNB for 2022.

Binance Coin (BNB) Price Analysis 2022

Currently, BNB is ranked in the 5th position on CoinMarketCap. Will developments and upgrades on the Binance blockchain lead to a rise in the price of BNB? We shall see this in this CoinEdition price analysis 2022 article.

Binance Coin (BNB) Price Analysis- Keltner Channel

BNB/USDT 1Day Chart Showing Keltner Channel (Source: Tradingview)
BNB/USDT 1Day Chart Showing Keltner Channel (Source: Tradingview)

Keltner channel is a technical analysis indicator that is used to determine trend directions by measuring the volatility above or below the candlesticks. From the Keltner Channel signals for Binance Coin (BNB), it could be seen that the present bullish run could continue since the last candlestick is within the first half of the chart from the top. Also, since the last candlestick is almost breaking out on the top of the curve, the present increase in the price of BNB might be sustained before any reversal would be expected.

Binance Coin (BNB) Price Analysis- Relative Strength Index

NB/USDT 1Day Chart Showing Relative Strength Index (Source: Tradingview)
BNB/USDT 1Day Chart Showing Relative Strength Index (Source: Tradingview)

The Relative Strength Index (RSI) is a technical analysis indicator that measures the relative momentum in the magnitude and speed of recent price changes of an asset to deduce if it is an oversold or overbought asset. The RSI value of Binance Coin (BNB) 1day chart of BNB/USDT is at 74.56.  This shows that BNB is showing an overbought trend since it is between 70 and 100. This value could trigger a further bullish run if more buyers could be attracted to gain from the expected price increase to the 100 RSI value. However, a panic sell could crash the price below the 70 RSI value.

Binance Coin (BNB) Price Prediction-Moving Averages

BNB/USDT 1Day Chart Showing 200-MA and 100-MA (Source: Tradingview)
BNB/USDT 1Day Chart Showing 200-MA and 100-MA (Source: Tradingview)

The chart above, shows the1Day chart of Binance Coin (BNB) 200-day and 100-day Moving Average (MA). Presently, BNB is on a bullish trend as indicated in the recent uptrend. Since the 200-MA is above the 100-MA, we can deduce the price is bullish for long-term hodlers.

Also, since the gap between the moving averages is wide and within the recently formed candlesticks, the price of Binance Coin (BNB) might move sideways in the future.

Binance Coin (BNB) Price Prediction 2022

BNB/USDT 1Day Chart (Source: Tradingview)
BNB/USDT 1Day Chart (Source: Tradingview)

From the chart above, we can observe that the price of Binance Coin (BNB) was ranging between $440.1 at the resistance3 level and $335.5 at the resistance1 level, in the past few days, after touching the $270.3 support1 level and $189.1 support3 level.

Irrespective of this sideways movement in the price of BNB, we can deduce the following:

  1. The price of BNB is expected to reverse at the $335.5 resistance1 level, due to the formation of a double top. If investors have their way, the price of BNB could surge higher above the resistance2 level.
  2. The reversal at resistance1 level, could lead to a further decrease in the price of BNB up to support2 level at $229.7, until a double bottom is formed. This could lead to a bullish reversal.

Meanwhile, our long-term BNB price prediction for 2022 is bullish since it might break many psychological resistances. We can expect Binance Coin to reach $700 this year.

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

DOT/USDT 1Day Chart Showing the Key Levels (Source: Tradingview)
DOT/USDT 1Day Chart Showing the Key Levels (Source: Tradingview)

This bullish chart shows that the price of BNB has increased by 23.8% in the past 14 days. If this price increase continues, BNB could break the $335.5 resistance1 level and move higher to $668.1 at the resistance6 level, and even higher, the bullish signal for 2022.

However, if sellers have their way, the price of BNB might be dethroned from its present uptrend position. In simpler terms, Binance Coin might trend below the $189.1 support3 level, and even lower in 2022, a bearish signal.

Binance Coin (BNB) Price Prediction 2023

Binance Coin (BNB) might hit $900 in 2023 if this bullish trend continues. Moreover, in the first half of 2023, the price of BNB will see rapid growth to $800. The growth will thereafter moderate, but no significant drops are predicted. By upgrading staking rewards, investors could stake more BNB thereby reducing its volume in circulation. This could make the price of BNB reach $900 shortly.

Binance Coin (BNB) Price Prediction 2024

BNB price could hold the support level around 200-MA, the long-term moving average of 200 days firmly, buyers will then have ample time and stability to forge the next attack mission on the vital level at $1100, making it not plummet but play consistently. Additionally, this could only be possible if Binance Coin breaks through past psychological resistance levels.

Binance Coin (BNB) Price Prediction 2025

Binance Coin (BNB) prices might grow past $1300 during the next three years. Furthermore, hitting this level might not be so tough for BNB due to new medium, short-term, and long-term price objectives for purchase or sell orders may be discovered. According to the forecast, Binance Coin has a strong chance of reaching a new all-time high (ATH) price.

Binance Coin (BNB) Price Prediction 2026

BNB prices might grow past $1500 during the next four years. Furthermore, hitting this level might not be so tough for BNB due to new medium, short-term, and long-term price objectives for purchase or sell orders may be discovered. According to the forecast, BNB has a strong chance of reaching a new all-time high (ATH) price.

Binance Coin (BNB) Price Prediction 2027

BNB prices might grow past $1700 during the next five years. Furthermore, hitting this level might not be so tough for BNB due to new medium, short-term, and long-term price objectives for purchase or sell orders may be discovered. According to the forecast, Binance Coin (BNB) has a strong chance of reaching a new all-time high (ATH) price.

Binance Coin (BNB) Price Prediction 2028

Binance Coin (BNB) prices might grow past $1900 during the next six years. Furthermore, hitting this level might not be so tough for BNB due to new medium, short-term, and long-term price objectives for purchase or sell orders may be discovered. According to the forecast, BNB has a strong chance of reaching a new all-time high (ATH) price.

Binance Coin (BNB) Price Prediction 2029

BNB prices might grow past $2100 during the next seven years. Furthermore, hitting this level might not be so tough for BNB due to new medium, short-term, and long-term price objectives for purchase or sell orders may be discovered. According to the forecast, BNB has a strong chance of reaching a new all-time high (ATH) price.

Binance Coin (BNB) Price Prediction 2030

Binance Coin (BNB) prices might grow past $2300 during the next eight years. Furthermore, hitting this level might not be so tough for BNB due to new medium, short-term, and long-term price objectives for purchase or sell orders may be discovered. According to the forecast, BNB has a strong chance of reaching a new all-time high (ATH) price.

Conclusion

As said above, Binance Coin (BNB) might reach $700 in 2022 and $2300 by 2030 if investors have decided that BNB is a good investment along with mainstream cryptocurrencies like Bitcoin and Ethereum.

FAQ

What is Binance Coin (BNB)?

It is the native token of the Binance blockchain. It is denoted with BNB.

How to buy Binance Coin Token?

Like other cryptocurrencies, BNB can be traded in cryptocurrency exchanges like Binance, Bithumb, Kucoin, Mexc, and others.

Will BNB surpass its present ATH?

Since BNB provides its investors with staking rewards, it has a possibility of surpassing its present all-time high (ATH) price of $690.93 in 2022.

When was Binance Coin launched?

It was launched in 2017.

What will be the Binance Coin (BNB) price by 2023?

Binance Coin (BNB) price is expected to reach $900 by 2023.

What will be the Binance Coin (BNB) price by 2024?

Binance Coin (BNB) price is expected to reach $1100 by 2024.

What will be the Binance Coin (BNB) price by 2025?

Binance Coin (BNB) price is expected to reach $1300 by 2025.

What will be the Binance Coin (BNB) price by 2026?

Binance Coin (BNB) price is expected to reach $1500 by 2025.

What will be the Binance Coin (BNB) price by 2027?

Binance Coin (BNB) price is expected to reach $1700 by 2027.

What will be the Binance Coin (BNB) price by 2028?

Binance Coin (BNB) price is expected to reach $1900 by 2028.

What will be the Binance Coin (BNB) price by 2029?

Binance Coin (BNB) price is expected to reach $2100 by 2029.

What will be the Binance Coin (BNB) price by 2030?

Binance Coin (BNB) price is expected to reach $2300 by 2030.

More Crypto Price Predictions:

 

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