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Binance Coin Price Prediction: When will its Price Hit US$5,000?

Binance Coin (BNB) is one of the most popular cryptocurrencies currently. In terms of market cap, it is the 3rd-largest cryptocurrency (over US$77 billion market cap). Now, the question comes should you invest in it? Is it a good investment? What will be its price by the end of 2021 or 5 years later (2026)? To answer all your queries, let me walk you through Binance Coin BNB, its fundamentals, and the BNB price forecast. 

What Is Binance Coin (BNB)?

Binance is the largest cryptocurrency exchange in the world in terms of the daily trading volume. It was launched in July 2017 and since then it has grown at a breakneck speed. Its goal is to bring crypto exchanges to the fore of financial activity on a global scale. Binance crypto exchange derives its name from Binary Finance. They have the idea of how Binary Finance is going to bring a new paradigm change in global finance. 

Changpeng Zhao founded Binance in 2017. He is also the CEO of the company. Its co-founder is He Yi, who is currently the chief marketing officer at Binance. Binance Network has a wide array of products and functionalities in addition to the cryptocurrency exchange. They are:

  • The Binance Chain
  • Binance Smart Chain
  • Binance Academy
  • Trust Wallet 
  • Research projects

To help all the Binance sub-projects to function successfully, Binance Coin is the key. 

Binance Coin (BNB): Facts & Figures

All these facts and figures will help you to make a decision on investing in Binance Coin:

  • BNB price: US$424.54 (as of Oct 9, 2021)
  • Trading Volume (24h volume): US$2,704,949,276 (as of Oct 9, 2021)
  • All-Time High (ATH) Price: US$690.93 (reached on May 10, 2021)
  • All Time Low (ATL) Price: US$0.09611 (reached on Aug 01, 2017)
  • 24h Low: US$416.71 (as of Oct 9, 2021)
  • 7d Low: US$411.95 (as of Oct 9, 2021)
  • YTD (Year-To-Date) Return: 1,015.02% (Jan 1, 2021 to Oct 9, 2021)
  • Market Cap: US$71,313,382,755
  • Crypto Rank (in terms of market cap): 4
  • Fully Diluted Market Cap: US$71,310,861,256
  • Max Supply: 168,137,036
  • Total Supply: 168,137,036
  • Circulating Supply: 168,137,036.00 BNB (100%)

What’s so Special about Binance Coin?

Binance, a unique ecosystem of decentralized, blockchain based networks, is one of the leading most cryptocurrency exchanges that are present in a wide array of countries. In addition to the crypto exchange, the other organizations of the company are also drawing significant interest. 

Investor interest has also increased significantly since the launch of the Binance Coin, drawing increased investor interest in the token. The price of BNB increased significantly in 2021 (a Year-to-Date increase of over 1,000% till October 9, 2021). 

How Is the Binance Coin Network Secured?

The Binance Coin was launched initially as a traditional ERC-20 token on the Ethereum blockchain. However, later on, own blockchain was introduced by the company. The Binance blockchain started issuing its native coin, which is secured by the Tendermint byzantine-fault-tolerant (BFT) consensus mechanism. Binance doesn’t support the smart contract functionalities, as in the case of the proof-of-stake (PoS) consensus used by the ERC-20 tokens.

Price Prediction of Binance Coin (BNB)

  • Binance Coin’s price is expected to reach anywhere from US$700 to US$850 by the end of 2021.
  • By the end of 2022, the BNB price will be anywhere from US$870 to US$1,000.
  • According to BNB price forecasts of the experts, the price of Binance Coin will move above US$1,200 by 2023-end.
  • BNB’s price is likely to hover around US$1,700 by the end of 2024.
  • By the end of 2025, the price of BNB will be around US$1,850.
  • In the next 5-years (by 2026-end), the price of Binance Coin will likely hit US$2,000 per coin.

Where can you Buy Binance Coin (BNB)?

You can buy BNB tokens in almost all reputed cryptocurrency exchanges including:

  1. Binance
  2. FTX
  3. Huobi Global
  4. Bybit
  5. Mandala Exchange and others.

You can use credit cards, debit cards, or money transfers from a bank account to fund your cryptocurrency trading or investing account in a leading cryptocurrency exchange. 

The most popular price pairs of GRT are:

  • BNB/EUR and many more.

Before investing, check out historical data of token BNB, crypto news, Binance Coin price charts, BNB to BTC exchange rate, and others.

What are the Best Crypto Wallets to Store Binance Coin (BNB)?

The best Binance Coin wallets to store BNB Tokens are:

  1. Ledger Nano X
  2. Ledger Nano S
  3. CoolWallet S
  4. Trust Wallet
  5. Binance Chain Web Wallet

Invest in Binance Coin BNB and Other Cryptocurrencies

You can buy and sell Binance Coin (BNB) and other cryptocurrencies against various fiat currencies (US Dollar USD, British Pound, Canadian Dollar CAD, South Korean WON, Singapore Dollar, Chinese Yuan, Hong Kong Dollar, etc.) through a wide array of crypto exchanges (centralized or decentralized exchanges), crypto APIs, and bitcoin cash markets. Use Dollar Cost Averaging DCA strategy to invest in cryptos to minimize the risks associated with high volatility. 

If you want to increase your investment explosively in the coming 5-to-10 years, buy crypto coins now. Keep an eye on the market news, price statistics, block times, blockchain news, and others to time your trading of Defi protocols and tokens for maximum profit. 

You can also diversify your crypto coin portfolio by including other cryptocurrencies such as BCH, BTC, AAVE, Ripple XRP, Bitcoin Ether ETH, Bitcoin Gold (also called Bit Gold), Bitcoin Cash BCH, Basic Attention Token, Ethereum Classic, Binance Coin, Wrapped Bitcoin (some also call it wrap bitcoin or wBTC), USD Coin, Gemini Dollar, ERC20 tokens (created on Ethereum blockchain), nonfungible tokens NFTs, and others. 

Also, invest in various types of stocks, mutual funds, index funds, real estate, and others to improve your personal finance. If possible, get help from a portfolio manager or wealth management firm for maximum return. 

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NapBots provides you various indices that include a basket of tokens with high market capitalization and are categorized by theme (such as Solana, NFT, DeFi, and others). This platform introduces an intuitive interface as well as advanced allocation tools for enabling new investors to create and manage advanced crypto indices easily.

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