Binance Coin Price Prediction 2023-2032: Is BNB Ready for the Bull Run?

Binance Coin Price Prediction 2023-2032

• BNB Price Prediction 2023 – up to $310.67
• BNB Price Prediction 2026 – up to $972.06
• BNB Price Prediction 2029 – up to $2,923.28
• BNB Price Prediction 2032 – up to $9,014.20

Despite the gains made in the past couple of months, BNB and the entire crypto market seem to be experiencing winter in the summer. BNB prices have dropped by 23.95% since April 2023.

What does the future hold for Binance Coin?

How much is BNB worth?

The current Binance coin price is $241.1 with a 24-hour trading volume of $395,275,635. BNB is up 0.48% in the last 24 hours. The current CoinMarketCap ranking is #4, with a live market cap of $37,118,348,192 USD. It has a circulating supply of 153,854,752 BNB coins and the max. supply is not available.

Binance Coin Price Analysis: The price rises to $241.1 amid extremely low volatility

TL;DR Breakdown

• Binance Coin price analysis shows a slightly positive trend.
• The resistance for BNB is found at $241.7.
• Support for BNB is present at the $237.5 level.

Binance Coin (BNB) is garnering mixed market sentiment on August 4, 2023, slightly inclined towards the positive side as indicated by the latest price analysis. After finding support at $239.9, the trend has turned bullish and is the same for today. Despite bearish pressure still suppressing any higher price movement, a recent minimal rise in price has provided respite for the cryptocurrency. The bulls have managed to push the price up to $241.1, signaling their renewed support. While the coin experienced a decline earlier this week, today’s trend has once again turned slightly bullish, highlighting an almost sideways price action.The BNB/USD pair has been trading in the current price range since July 17, 2023, with a few high lows but mostly maintaining the same level, and today’s price action seems to be a continuation of the same trend.

BNB price analysis on a daily timeframe: Coin value rescued from sinking further

The 1-day Binance coin price analysis reveals a drop in price level, as the value of cryptocurrency dropped slightly today. After hitting a high point a day ago, BNB seems to be retracing as traders who bought the asset near the top price seem to be preventing their losses.

The volatility is quite low from the last two days, suggesting a very narrow price oscillation range, with Bollinger bands showing the upper band at $248 representing the resistance and the lower band at $236.2 representing the support. The average of Bollinger bands is at the $242.1 mark. The moving average (MA), being an important indicator, is at $241.8 above the price, which is a bearish signal. The relative strength index (RSI) is at a score of 46, moving on a downward slope, indicating the selling activity in the market.

Binance Coin price analysis on the 4-hour chart: Recent developments and further technical indications

On the four-hour price analysis, BNB is displaying signs of a growing bullish trend following eight hours of bullish activity. The recent hours have witnessed a slight rise in price; consequently, the price has retraced to $241.1, continuing yesterday’s lead. However, as the price oscillations are low, selling pressure may appear at any time.

Volatility remains relatively high on the 4-hour chart, with the upper Bollinger band at $248 and the lower Bollinger band at $237.6. The RSI score indicates a neutral zone but with an upward curve, currently at an index of 47, signaling the buying activity that has been gradually moving ahead.

What to expect from Binance Coin price analysis

In light of the one-day and four-hour Binance Coin price analysis, the market has displayed an overall upward trend for the day. Although the price experienced a minute improvement, a drop can be expected in the coming hours from the current value of $241.1. However, it is expected that BNB/USD will recover and close with a positive performance today if sellers do not flock to the market.

Binance Coin Price Predictions 2023-2032

Price Predictions by Cryptopolitan

The BNB coin faces a significant challenge due to a recent lawsuit filed by the SEC. A crucial aspect of the BNB coin’s appeal is its close association with the Binance exchange. However, if the Binance exchange becomes unable to operate within the United States, a substantial portion of liquidity will be withdrawn from the BNB ecosystem.

Given the current downtrend of the coin and the prevailing regulatory uncertainty, the prospects of Binance recovering its losses within this year seem improbable. The SEC’s lawsuit against Binance is expected to extend over a significant duration, potentially spanning months or even years. Consequently, the price of the coin will likely be primarily influenced by speculative sentiments surrounding the eventual outcome of the case.

However, if BNB navigates the stormy waters successfully, the coin’s fortunes could experience a turnaround. With this in mind, we present our BNB price predictions for the period spanning 2023 to 2032.

Year	Minimum Price ($)	Average Price ($)	Maximum Price ($)
2023	279.01	290.72	310.67
2024	383.95	398.49	486.78
2025	558.98	578.91	669.55
2026	778.12	801.28	972.06
2027	1,098.76	1,130.81	1,373.90
2028	1,634.89	1,691.43	1,940.33
2029	2,390.04	2,457.70	2,923.28
2030	3,473.15	3,571.46	4,149.26
2031	5,268.76	5,447.34	6,177.01
2032	7,620.43	7,838.32	9,014.20

Binance Coin Price Prediction 2023

Per our Binance coin price prediction for 2023, we anticipate that BNB could experience a substantial surge and reach a peak price of $310.67. Our analysis also indicates that the average price of BNB would be $290.72. The projected minimum price for BNB by December 2023 could be $279.01.

Binance Coin Price Prediction 2024

According to our Binance Coin (BNB) price prediction for 2024, BNB will reach a maximum market price of $486.78. We expect an average trading price of $398.49 and a minimum price of $383.95. 

Binance Coin Price Prediction 2025

The BNB price prediction for 2025 indicates that BNB will approach its all-time high, reaching a maximum price of $669.55. We estimate that the average market price of BNB in 2025 could be as high as $578.91. Even in a less favorable market scenario, we believe that the minimum price of BNB could still be around $558.98.

Binance Coin Price Prediction 2026

Our Binance Coin (BNB) price prediction for 2026 expects BNB to reach a maximum price of $972.06. The minimum price for BNB in 2026 could still reach $778.12. On average, our prediction suggests that BNB could trade at around $801.28 in 2026.

Binance Coin Price Prediction 2027

According to our Binance Coin (BNB) price prediction for 2027, BNB could reach a maximum price of $1,373.90. Our price analysis indicates that BNB could trade for around $1,130.81 on average. Furthermore, the minimum price for BNB in 2027 could be approximately $1,098.76. 

Binance Coin Price Prediction 2028

Based on our analysis, the growth of the Binance ecosystem has substantially enhanced the potential for BNB’s future performance. Consequently, our prediction indicates that by 2028, BNB may reach a maximum price of $1,940.33. Furthermore, investors could anticipate an average price of $1,691.43 for BNB, and a minimum price of $1,634.89.

Binance Coin Price Prediction 2029

Our analysis for the Binance Coin price projection in 2029 suggests a continuation of the upward trend, reaching a maximum price of $2,923.28. However, BNB may also trade at an average value of around $2,457.70 and potentially reach a minimum price of $2,390.04.

Binance Coin Price Prediction 2030

According to our Binance Coin price forecast for 2030, BNB may reach a maximum market value of $4,149.26. Furthermore, the projected average value of BNB is estimated to be approximately $3,571.46, with a minimum price of $3,473.15.

Binance Coin Price Prediction 2031

Our BNB price prediction for 2031 suggests that the coin could reach a maximum market value of $6,177.01. Additionally, the projected average price for BNB is estimated to be around $5,447.34, with a minimum price of $5,268.76.

Binance Coin BNB Price Prediction 2032

According to our Binance Coin price prediction for 2032, there is a possibility that BNB could reach a maximum trading price of $9,014.20, representing a significant increase of about 38 times its current value. We anticipate a minimum price of $7,620.43 and an average price of $7,838.32. 

Despite these figures indicating substantial growth for BNB, investors are advised to conduct thorough research and consider all possible scenarios before making decisions regarding cryptocurrency investments.

Binance Coin Price Prediction by Wallet Investor

According to Wallet Investor’s technical analysis and cryptocurrency price prediction algorithm, Binance Coin (BNB) is identified as a promising long-term investment. Their analysis suggests that by 2024, BNB has the potential to reach a price of $266.345. Moreover, their 5-year forecast predicts that BNB could surpass $331.280.

Coincodex Binance Coin (BNB) Price Prediction 

The 5-day BNB prediction by Coincodex suggests a slight decrease in BNB’s price to $224.53, while the 1-month prediction indicates relative stability taking BNB to $232.49. The 3-month forecast suggests a potential decrease to $203.54, but the 6-month prediction shows a slight rebound to $211.39. The most optimistic outlook is provided by the 1-year prediction, which indicates a significant increase in BNB’s price to $621.04.

According to Coincodex’s long-term predictions for Binance Coin (BNB), its price could potentially reach $710.53 by 2024, $1,109.00 by 2025, and $1,730.93 by 2026, if it follows a development trajectory similar to that of Google. However, if BNB’s growth trajectory aligns more closely with Facebook’s, its value could reach a maximum of $1,435.26 by 2024, $3,183.84 by 2025, and $7,062.72 by the end of 2026.

Binance Coin Price Prediction by Technewsleader

Technewleader’s forecast indicates that the BNB cryptocurrency is anticipated to undergo significant growth in the coming years. In 2023, BNB’s maximum price is projected to reach $316.57, with a price range of $393.55 to $476.16 expected in 2024. By 2025, the minimum trading price of BNB is predicted to be $553.30, with a high price of $676.54. If the upward trend persists, BNB’s maximum trading price could surge to $2,701.91 in 2029 and fluctuate between $6,828.83 and $8,062.39 by 2032.

Binance Coin Price Predictions by Industry Influencers

According to IMHO Analytics:

1. Some analysts believe that BNB could experience similar growth to Bitcoin and Ethereum due to the progress in the development of the Binance Smart Chain ecosystem. However, they overlook important aspects of BNB’s value proposition.
2. Unlike Bitcoin and Ethereum, BNB has not achieved the same level of decentralization and trust, as it has a smaller number of validators and governance members.
3. BNB’s success is closely tied to Binance’s actions, unlike Bitcoin, which operates independently. Binance has influenced the price of BNB through incentives like Launchpad projects and lower fees.
4. The SEC refers to BNB as a “security,” which could lead to consequences for Binance, such as fines, penalties, or delisting from platforms that are not licensed to trade securities. Binance might need to make changes to comply with securities laws, potentially impacting the utility of BNB.
5. Binance could remove utilities like participation in Launchpad or reduced commissions even before a court’s decision, if they attempt to distance BNB from being perceived as a security token backed and promoted by Binance.
6. In such scenarios, the necessity and value of this “decentralized” token could be called into question. It is important to consider these factors when assessing the long-term potential of BNB.

Binance Coin Overview

A year ago, the observation was that BNB and LINK were the only two coins that really steadily went up during the bear market. It is quite likely that as BNB continues to grow in popularity, we will see wider use of BNB. With the introduction of the Binance Card, BNB could almost be used anywhere, though technically speaking, with every transaction, it will be converted into fiat. A good indicator would be market performance. Let’s take a look at how BNB compares with other altcoins.

BUSD and Binance-Peg BUSD is available on multiple blockchains, including Ethereum, BNB Smart Chain, and BNB Beacon Chain. Now Binance-Peg is also available on Avalanche and Polygon. Binance-Peg BUSD support on Avalanche and Polygon provides traders with a fast and safe way to transfer the USD-backed stablecoin across different platforms. All users are now able to explore the Avalanche and Polygon ecosystem with Binance-Peg BUSD more safely and efficiently. In the future, the Binance BUSD team is committed to bringing more use cases into its ecosystem. Follow BUSD updates on CoinMarketCap.

Binance Price History

The varying price differences of Binance Coin (BNB) can be studied better using Crypto Volatility Index (CVIX). CVIX helps analyze the price dynamics and helps to ponder on essential elements that affect the current and future Binance coin prices. CVIX also carefully visualizes the algorithmic methods that demonstrate the market sentiment of BNB, either in a positive or negative light.

Binance Coin had a remarkable 2019. It was positive in many aspects, and although the currency slowed a little in the second half of the year, it had a significant push by the end of 2019, primarily because of the IEO that was launched later that year. Binance coin price closed in 2019 with a gain of over 150%. However, in the following year (2020), a noticeable downward pattern was noticed. It was ongoing for more than six months, mainly due to the pandemic at the beginning of the year. The downward trend was seemingly more extended than usual. 

A significant characteristic of many cryptocurrencies is volatility, and the Binance coin suffers from the same. Binance coin has shown a lot of potential over the short-term price analysis. Let’s see what experts have to say about the BNB.

Coinfan’s Binance coin prediction is that BNB holds an optimistic future as the current price rally might continue till the end of the year. Take a look at this progression in BNB prices.

Recent News on the Binance Coin

Binance introduced BTC/FDUSD and ETH/FDUSD trading pairs with zero-fees, allowing users to benefit from a seamless trading experience. Users can enjoy zero maker and taker fees for BTC/FDUSD trades through the Zero-Fee Bitcoin Trading Program. However, for ETH/FDUSD, users get zero maker fee but taker fee varies based on their VIP level. BTC/FDUSD trading volume is excluded from VIP tier and Liquidity Providers programs to enhance user experience.

Binance Pool has launched a presale of Cloud Mining products for BTC mining, with users receiving APR rewards from the funds used to purchase these products through Simple Earn Flexible Products until the mining start time. The presale offers limited Cloud Mining products on a first-come, first-served basis, and participants will accumulate APR rewards from the end of the presale until the mining start time. In the event of any delays or unforeseen factors preventing the delivery of the mining hashrate, impacted users will receive a refund in their Spot Wallets.

Binance’s CEO Changpeng Zhao reportedly considered closing down the company’s U.S. arm to safeguard the global company, but the news could not be confirmed from any other source. Anonymous sources revealed that the board of directors of Binance.US initiated a vote to liquidate the entity, but they couldn’t reach a unanimous decision, with CEO Brian Shroder opposing the move.

Binance’s Dubai-based subsidiary, Binance FZE, has obtained a license from Dubai’s Virtual Asset Regulatory Authority (VARA), allowing the company to offer cryptocurrency exchange and virtual asset broker-dealer services to institutional and qualified retail investors in Dubai. The license enables authorized services like crypto-to-fiat exchanges compliant with FATF for eligible investors in the region.

The German Federal Financial Supervisory Authority (BaFin) advised Binance to withdraw its licensing application due to concerns about CEO Changpeng Zhao’s eligibility and the company’s structure. BaFin questioned whether Zhao passed the “fit and proper” test required for regulatory approval. Additionally, the regulator expressed reservations about Binance’s organizational structure, which could hinder effective regulatory supervision. In response, Binance withdrew its application, opting to focus on compliance with the European Union’s Markets in Crypto-Assets (MiCA) framework.

Binance will conduct a 30-minute wallet maintenance for BNB Smart Chain (BEP20) from July 31, 07:00am UTC. Deposits and withdrawals will be temporarily suspended but will resume after the maintenance is finished. Futures trading will not be affected by the scheduled maintenance.

Binance and its CEO CZ asked for the dismissal of the CFTC lawsuit, claiming regulatory overreach. They argue that the CFTC is trying to regulate entities outside the US, exceeding its statutory jurisdiction and interfering with foreign sovereignty principles.

Binance, has introduced an AI-powered NFT generator called “Bixel,” offering KYC-verified users the ability to create custom artworks using AI technology. Users will receive 10 free chances daily to produce unique digital art and venture into the world of NFTs. The platform’s nonfungible token arm, Binance NFT, has made “Bixel” permanently accessible, allowing enthusiasts to explore the possibilities of AI-generated NFT art.

Binance is set to launch its services for Japanese cryptocurrency users in August following its acquisition of Sakura Exchange Bitcoin (SEBC) in November 2022. The acquisition of the Japanese-registered crypto exchange service provider has enabled Binance to reenter the Japanese market. During a virtual appearance at WebX, Binance CEO ‘CZ’ praised Japan’s innovation-friendly approach to the cryptocurrency sector, labeling the country as a leader in the Web3 regulatory environment.

Binance has announced that it will list Worldcoin (WLD), the digital identity protocol aimed at aiding humanity in the era of AI, on its platform. WLD’s native utility token aims to offer governance properties. Binance will include WLD as a new borrowable asset on its Isolated Margin platform within the next 48 hours.

Binance CEO warns the crypto community about the increasing number of phishing scams after Uniswap’s founder got hacked. CZ advises users to use hardware devices like Yubikey for two-factor authentication instead of mobile carrier-based 2FA to enhance security on cryptocurrency exchanges. Taking measures against social engineering attacks is crucial to protect users and their assets in the industry.

Binance has reduced worker benefits, including mobile-phone reimbursement, fitness reimbursements, and work-from-home expenses, after cutting more than 1,000 employees globally. CEO Changpeng “CZ” Zhao assured workers in a meeting that the company was still profitable and unaffected by the recent lawsuit from the U.S. Securities and Exchange Commission. However, he warned of possible additional layoffs every three to six months and uncertainty about the reinstatement of the cut worker benefits.

Binance announced the integration of the Bitcoin Lightning Network for BTC withdrawals and deposits on its platform. Users will now have a new option labeled “LIGHTNING” when choosing to withdraw or deposit Bitcoin. This addition expands the range of available options, addressing previous issues with network gas fees that led to temporary BTC withdrawal halts in May.

“When you choose to build with BNB Greenfield or opBNB, you gain access to round-the-clock assistance through our Discord platform. Our dedicated team of developers is always available to provide you with friendly and helpful support.”

Patrick Hillmann Departs Binance
In a tweet, Patrick Hillmann announced his departure from the company, emphasizing that it was on amicable terms, following a two-year tenure as Binance’s chief strategy officer. His exit coincides with the escalating regulatory scrutiny faced by the largest crypto exchange, adding to the growing heat on the industry.

Binance introduces Cristiano Ronaldo’s Latest NFT collection
Binance has announced the release of Cristiano Ronaldo’s latest NFT collection. The collection includes 28,000 Normal (N) NFTs priced at 10 USDT each, available via the ForeverCR7 Box mechanism. Additionally, there will be 1,200 Rare (R) and 120 Super Rare (SR) NFTs sold through the Subscription Mechanism. The Rare NFTs will cost 30 USDT, while the Super Rare NFTs will be priced at 200 USDT. Furthermore, six Super Super Rare (SSR) NFTs will be auctioned on Binance NFT starting at a price of 15,000 USDT.

Binance burns LUNC tokens

Binance, the world’s largest crypto exchange, has burned 2.65 billion Terra Classic (LUNC) tokens in its 11th burn round, increasing the total tokens burned by Binance to over 35.5 billion. This burn, combined with the community’s contributions surpassing 68 billion tokens burned, has been met with positive reactions from traders, resulting in a 3% price increase for LUNC.

Binance backtracks on European privacy coin delisting. Following the retraction of the decision, several tokens, including The Verge Currency, took to Twitter to provide reassurance to their community members.

FSMA Orders Binance to Cease All Virtual Currency Services in Belgium

The FSMA has issued an order to Binance, demanding the immediate cessation of all virtual currency services in Belgium. The financial regulator cited Binance’s violation of Belgian laws on Anti-Money Laundering and Combating the Financing of Terrorism by offering crypto-related services from non-European Economic Area countries. Binance has been instructed to halt all associated services in Belgium without delay.

Binance.US announced its collaboration with banking partners to reinstate USD withdrawals, albeit with a hint that this option may soon be eliminated once more. The company conveyed the message, saying,

“While USD withdrawal remains fully operational on the platform today, we expect our banking partners to discontinue that service in the near future.”

SEC and Binance reach a deal over US assets

There has been a recent buzz in the cryptocurrency community surrounding significant developments. Rumors are circulating that Binance, one of the world’s largest cryptocurrency exchanges, has reached a deal with the U.S. Securities and Exchange Commission (SEC) regarding its U.S. assets and that the exchange has gone live.

Binance announced the launch of opBNB, a Layer 2 scaling solution designed to overcome the limitations of Layer 1 (L1) networks .

The SEC Debacle

Binance and its US subsidiary, Binance.US, are on the cusp of finalizing an agreement with the US Securities and Exchange Commission (SEC), pending approval from a federal judge. The proposed agreement, which tackles the SEC’s concerns, includes provisions that prevent officials from Binance Global, the parent company, from accessing private keys associated with Binance.US wallets. Also, access to Binance.US’s internal systems and controls will be limited to employees located solely in the United States. See more SEC news after the news below.

• Binance is leaving the Dutch market, effective immediately, and will not accept new users from the Netherlands.
• Existing Dutch resident users will only be able to withdraw assets from the Binance platform starting from July 17, 2023, and will not be able to make further purchases, trades, or deposits.
• Binance has been undergoing a registration process as a virtual asset service provider (VASP) with the Dutch regulator but has been unable to secure a registration at this time.
• The company is committed to obtaining authorizations to provide its products and services to users in the Netherlands and will continue to engage with Dutch regulators.
• Binance is already compliant with EU standards for preventing money laundering and the financing of terrorism, as demonstrated by its registrations in other EU countries.
• The company is focused on becoming fully compliant with the new EU rules on crypto-assets (MiCAR).
• Existing Dutch resident users will receive comprehensive information via email regarding the implications for their accounts and the necessary steps to be taken.

The SEC Debacle continued

Binance, following its recent legal dispute with the Securities and Exchange Commission (SEC), has suspended trading activities across multiple Binance Coin (BNB) and Ethereum (ETH) token pairs. The halt, which commenced on Sunday, affected over a dozen pairs involving BNB, the defunct Binance USD (BUSD) stablecoin, and five pairs involving ETH. By Monday morning, trading for the remaining affected pairs had also been frozen.

SEC’s request to freeze Binance’s U.S. assets globally could have significant implications for the exchange, potentially leading to the repatriation of customers’ fiat currency and crypto assets held on its U.S. platform. In response, Binance’s U.S. entity has already suspended trading for several major pairs, including Bitcoin, Tether, and Binance USD. The situation highlights the regulatory challenges faced by cryptocurrency exchanges in the United States.

District Court Judge Amy Berman Jackson has been assigned to preside over the SEC vs Binance lawsuit in the District of Columbia. With a Juris Doctorate from Harvard Law School and a long-standing career as a United States District Judge since 2011, Judge Jackson brings her expertise to the case. Although she has provided opinions in numerous cases, none of them seem to have involved cryptocurrency-related disputes thus far.

Launch of BinanceNFT. Money in the market is pouring into the leading crypto platform – BSC. The launch of BinanceNFT will bring a new uptrend back to the market. Do you share this popular opinion?

Secure your spot at Binance Bicasso without having to join the queue and get the chance to win exclusive NFTs by referring your friends!

Migration to BSC. Although first hosted on the Ethereum exchange, Binance Coin (BNB) has subsequently migrated to its own Binance Smart Chain (BSC). This has allowed it to process transactions more quickly and efficiently. Recently, BNB has shown signs of strength, signaling the BNB is ready for the bull run soon. 

Cloud Mining Products. Due to extreme weather in North America, Binance Cloud Mining products may experience a power outage for about 24 hours. Nevertheless, users can now purchase NEBL and VIDT with major fiat currencies using credit/debit cards. New fiat currencies are also available for NEBL and VIDT purchases.

More on the BNB Network

What is Binance Coin?

The Binance coin is listed on the Binance trading platform as an individual coin, a digital asset, trading with the BNB symbol. Binance coin started in 2017 and is backed by blockchain. BNB coin runs on ERC20 Ethereum. the Binance ecosystem is designed to support a range of utilities, such as trading fees, listing fees, exchange fees, etc.

Furthermore, the main reason why Changpeng Zhao (founder of Binance Exchange) initiated the BNB coin was to remove many trading problems hindering the crypto market. The vision he had made solved those problems and, at the same time, made Binance coin a top competitor with other crypto exchanges.

Who are the founders of the Binance exchange?

Changpeng Zhao and He Yi started the Binance coin in July 2017. They first began Binance as an Initial Coin Offering (ICO), but today, Binance has become one of the most significant crypto coins globally.

The crypto token has garnered support from other partnerships, which has helped its usage spread. It includes a partnership with Asia’s premier high-end live video streaming platform, Uplive, which sells virtual gifts for BNB tokens to Uplive’s 20 million-strong user base.

Binance coin is also supported by the platform, the mobile app, and the VISA debit card of Monaco, the pioneering payments and cryptocurrency platform.

Fortunately, price predictions are meant to cover price forecasts for Binance coins for a prolonged period. Therefore, short-term trends are not primarily instrumental in determining the future price of a coin. As a result, the Binance coin price prediction for 2022 onwards will focus on historical price actions and price predictions from market experts.

Binance ’s CEO, Changpeng Zhao, visited El Salvador 4 months ago. His company, being the biggest cryptocurrency exchange in the world, and El Salvador, being the first country to adopt bitcoin as legal tender, something big is brewing. According to the Secretariat of Communications of the Presidency of the Republic of El Salvador, Binance’s CEO is visiting the country “along with other entrepreneurs, who are interested in knowing the investment possibilities.”

Is there a maximum supply of BNB coins?

Yes, a maximum supply of 170,532,785 BNB coins is available, and a total supply 153,432,897 have been distributed as of April 2021. Binance whitepaper says that half of the top supply was used for the ICO and public sale of the token.

BNB crushed it throughout 2021 as the Crypto Coin of 2021 and cemented itself as the third more popular coin in the world by market capitalization. Not a small feat, considering the phenomenal year that altcoins had. Several projects had their moment in the sun, capturing capital, headlines, and attention. No one got near Binance Coin, though. The award was given by Arcane Research.

Binance Coin adoption and technology

Binance coin is famous for many reasons, but a significant reason is that it holds about 1 billion in trading volume every day. Binance seems to have a very bright future, but it needs stability. To do that (bring stability) and avoid sudden market fluctuations, BNB will have to be burnt using a systematic approach.

BNB had the potential to have an initial coin offering (ICO) of 100 million, and upon its launch, it hit the potential in July 2017, and $15 million was successfully raised. The generated funds were used to make the ecosystem larger by using a large sum of the money for marketing purposes, an exciting business opportunity that provided crypto startups a chance to be listed on the Binance cryptocurrency exchange platform.

Another essential characteristic that makes BNB unique and a center of attraction for adoption is that other digital assets can be traded for BNB. It can pay the Binance 0.1% trading fee when users move their crypto coins from the exchange to a private wallet. The price is typically charged in addition to the withdrawal fee. 

However, Binance does not support smart contracts and uses the Tendermint Byzantine-Fault-Tolerance (BFT) consensus protocol which allows multiple nodes (Validator nodes, accelerator nodes, etc.) to be used in transactions, validation, and authentication processes at different stages.

Another vital advantage of the Binance coin is that it can be used in particular ICO investments using the Binance launchpad program; this creates a flawless framework where other virtual tokens can be traded. This creates an excellent opportunity and allows for extra credit and debit cards to be supported on the Binance cryptocurrency exchange platform, the digital currency, and the mobile app.

Learn More About Binance NFT Marketplace

• How to Find Your NFT Contract Address
• How to Get Started with the Binance NFT Marketplace
• How to Buy an NFT on Binance NFT Marketplace
• How to Sell an NFT on Binance NFT Marketplace
• How to Deposit NFT on Binance
• Find Out More About NFT Mystery Box Collection

Conclusion 

The Binance Coin ecosystem has continued to draw investors who use the platform to explore opportunities its ecosystem presents, including Defi, the crypto market, and NFTs. The token has risen to glory within a short time as more applications are built on the smart chain. It has several use cases, making it engraved in the trading experience of several traders using the Binance crypto exchange platform.

With Binance Chain expertise, users can deploy smart contracts that fit their application needs or virtual machines that dictate exactly how the blockchain should operate. Binance has built one of the most secure trading platforms in the world where users can enjoy different security features, such as KYC, 2FA, and Anti-Phishing Code, to protect themselves against nefarious actors. Users can also rest assured that their funds are SAFU in Binance.

Currently, BNB is among the top five largest cryptocurrencies by market cap. Despite the current market downturn, the price predictions of BNB are relatively optimistic since the token demonstrates healthy growth behavior, and the trading platform continues to grow and amass new users. The overall development of the Binance exchange could directly translate to the positive growth of the BNB coin.

If the market stabilizes and further developments and collaborations continue in the Binance ecosystem, as we have had with the Binance chain, massive adoptions are imminent in the forthcoming years, which could result in BNB breaking through the $1000 mark. For instance, Paysenger, Mean Finance, Buff Network, Weave6, MIM, and Hinkal, among others, are some of the the latest projects coming to the BNB chain. While the prospects of BNB look good, the crypto market still remains volatile, and investors are reminded to do their due diligence and approach the Binance coin market with the utmost caution.