The site’s algorithm shows BNB could reach a high of $627.197 in June. In June, the average price will eventually hit the $500 mark to trade at $501.757. The forecasted average price is $495.428 in April and $498.673 in May. The predicted average price is $488.331 in February and $491.818 in March.Īs per the site predictions, BNB could open the second quarter trading at $421.114. The CryptoPredictions’ site expects BNB price to range between $411 and $614 in the first quarter of 2022. Please note that at the time of your reading, the predictions might differ as the site updates them every 5 minutes reflecting in their calculations what is happening in the market.īuy BNB with Binance Q1 and Q2 Price Predictions These forecasts are calculated with the use of Binance coin historical data while using mathematical formulas that help determine the likely future trend of the cryptocurrency. So how will BNB perform for the rest of 2022? For this part, we will use CryptoPredictions’ BNB predictions. Like most cryptocurrencies, it has shed some value and is now trading at $430. It, however, recovered again to reach $660 in November. The price dipped to around $215 the same month. But the price rebounded strongly in early 2021, climbing from $40 in January to $690 in May. In fact, it fell to $10 in march 2020 due to the Covid pandemic. As mentioned, it is the fourth-largest cryptocurrency with a market cap of $72,652,853,334.įor a long time, the Binance coin price hovered around $20. The aim is to burn 100 million Binance coins reducing its supply and, in turn, boosting the coin’s demand.īNB is currently trading at $435.44 with a total circulating supply of 166,801,148.00 BNB. To be precise, it uses 20% of the profits to buy back and burn BNB coins. The blockchain platform has a deflationary burning strategy to ensure a finite coin supply. Other uses include booking and paying for hotels at, shopping, gaming, travel, and a fund source for the Binance debit card. Additionally, BNB is a utility token on the Binance Smart Chain (BSC), meaning you can use it to send tokens, generate passive income and collateral for crypto loans. The primary use of BNB coins is to pay for transaction fees on the Binance platform. The capital is used for marketing branding and emergency reserve. The other half was offered to investors at 15 cents raising $15 million. A half (100 million BNB) of the total supply was distributed to the founding team and angel investors. So, where is BNB coming from? First, let’s explore past performance before delving into future price expectations.īinance coin was launched through an Initial Coin Offering ( ICO). But before that, we shall explain BNB’s price performance and uses. This article explores the predicted price of the Binance coin for this year – 2022. It is now used for transactions on the Binance trading platform, the biggest crypto exchange globally by trading volume. However, it has slid into fourth place after Tether took its place in the third position.īinance Coin ( BNB) started as an Ethereum ERC token before migrating to the Binance blockchain. Within four years, Binance coin grew to become the third biggest crypto after Bitcoin and Ethereum. Initially, it was based in China before relocating to Caymans Islands due to crypto restrictions in China. The influential Changpeng Zhao created Binance in 2017.
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