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Binance Coin Price Prediction 2021 – Will BNB Price Crash or Rise ?

What is the binance price prediction for 2021? Will the BNB price reach $100 by the end of 2021? Stay updated with the latest Binance news.

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Have you heard of Binance Cryptocurrency Exchange, one of the most preferred platforms to trade with? If yes, then Binance Coin (BNB) is the native coin that acts as a utility token, used to pay transaction fees. The swelling adoption of the DEX platform of Binance, Binance Smart Chain(BSC), has positively impacted the BNB price.

The coin which can be traded with other assets like Bitcoin, Ethereum, etc, rallied nearly 1400% in 2021 and attracted many strong hands. Launched initially as an ERC-20 token, BNB was later migrated on its own blockchain, Binance Chain.

Interesting, right! Now after a breif introduction, do you wish to hold some BNB coins? Yet unsure of the future price movements or want to know whether it is a good investment option?

No worries, this composition intends to accumulate all the information about the token, previous price movements and the future predictions running in the market.

First let us peel the layers of some basic information about Binance.

Overview CryptocurrencyBinanceTokenBNBPrice$ 650.4600Market cap$ 99,860,657,665.0000Circulating Supply$ 154,533,651.9000Trading Volume $ 3,877,733,445.0000All time high$ 677.4700 May 3, 2021All time low$ 0.0398 October 19, 2017 What is Binance Coin (BNB)?

Binance Coin (BNB) is the crypto coin of the Binance exchange platform. It was launched in 2017 by CEO Changpeng Zhao with co-founder & CTO Roger Wang. The name Binance is a combination of binary and finance. In the year 2019, many businesses accept BNB as a payment.

Basically, the BNB token lets you earn discounts on the services of the Binance exchange platform, which later becomes a decentralized exchange of blockchain assets. BNB also offers users access to advanced features to be used on the new decentralized exchange.

BNB Price Prediction 2021

The price surpassed $40 in the first week of January and following a steady rally, the price smashed $50 within a month. The price gained an extreme bullish momentum and rallied above $100 in just a couple of days. Since then the price kept on surging, smashing the barriers at $200, later at $300 and $400, however, it amazed the entire crypto space by smashing the All-time high at $637.44 on April 12, 2021. Despite a slight pullback, the price still trades above $500 strongly.

As the marketers concentrate on buying the Altcoins, BNB might hit the $700 mark by the end of June and the price might swing further. With certain fluctuations, the price may continue to be in the range between $500 and $700 throughout the year. By the end of 2021, BNB might be traded at the $800 mark.

BNB Price Prediction 2022

BNB might start the year 2022 with a trading price of $700. On a bullish note, it is expected to reach $1000 by mid-June and might continue to be at the consistent level for several months. It is expected that the price might trade at $1800 by the end of 2022.

Binance Coin (BNB) 5 Years Price Prediction

In 5 years, BNB might continue to surge and it may break all its previous price records by touching the new height. Binance might introduce new features to its trading to enhance the minds of the investors to invest in BNB as it introduced some of the features like Asset Conversion, Cross Collateral, and Price Protection. In 5 years, BNB might reach the $5000 mark.

BNB Market Prediction

  • WalletInvestor

According to WalletInvestor, the price of Binance could grow by $17.31% over the next year, hitting the values in between $602.925 and $677.465 in the coming year. The price will remain consistently above to its current trading price and reach $1395.85 by end of 2026

  • DigitalCoinPrice

According to DigitalCoinPrice, BNB will soar to a staggering $718 by the end of 2021. The price is expected to hit $1427.49 by the end of 2025.

  • Longforecast

The price is expected to trend in between $934 to $1159 by the end of 2021, which may surpass $1700 by the end of 2023.

  • Captainaltcoin

According to captianaltcoin, the price may reach more than $500 depending on the Bitcoin price by 2021

Our Prediction

The BNB price continued to grow with the start of 2021. With certain fluctuations, BNB might reach $700 by the end of 2021. The price may increase if the company announces any new improvements. It might be a good investment for the future. BNB might hit $1K in the future.

BNB Historical Market sentiments 2017

Binance coin entered the market on 25th July 2017 with the trading price of $0. Later on, the price started to improve and reached $3 at the end of August. With certain fluctuations BNB ended 2017 with the trading price of $8.

2018

The price peaked to $23.25 in the month of January 2018 and dropped close to $6 in February. Later flipping the bearish trend, the price gained more than 200% and hit more than $16 by mid 2018. However, the rally was short-lived and the price plunged back below $5 and closed the yearly trade for 2018.

2019

The BNB price initiated the 2019 trade around $6 and initiated a bull rally. By the mid of 2019, in June, the price surpassed $30, however, the price dipped to $15 by October. Since the dip, the price maintained the similar trend and traded below $15 by the end of 2019.

2020

The price surged from $13 to nearly $20 in January and set a new high breaking the upper resistance levels. However the price swelled to $25 in February and before it could head towards the next target, the bearish divergance outspread the market.

The price fell rapidly below $9 in March, however, recovered to some extent to reach $18 by the end of April and rose to $23 by the end of August. Shockingly, the price plunged to $19 by early September and further spiked to $31 in mid-September. As the expansion of Bitcoin’s price rally, BNB climbed to $32 by the end of November. With certain price swings, BNB traded at $37 during the end of December 2020.

FAQ

Is Binance Coin (BNB) Centralized, Decentralized or Semi-Centralized?

Binance Coin (BNB)’s governance is Centralized>hierarchical.

Is BNB a good investment?

Yes. The long-term earning potential is +15.11% in one year.

Where do I buy Binance Coin?

There are many places to buy and exchange Binance Coin like coinbase , wazirX , Binance exchange and more.

What will bitcoin be worth in 2021?

Though many believe that Binance Coin is a good investment and one of the safest cryptocurrencies out there (mainly because of its relative stability). BNB Price Might hit $1k

First let us peel the layers of some basic information about Binance.

Source: https://coinpedia.org/price-prediction/bnb-binance-coin-price-prediction/

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Coinpedia

Shiba Inu Price Plunge Hard! Should You Buy the Ongoing Dip?

Shiba Inu Price needs to climb back above $0.000007. If SHIB Price is able to break through this resistance, it will go on to the…

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Despite a recent drop in cryptocurrencies, Shiba Inu coin the meme-based cryptocurrency that has been dubbed a “Dogecoin killer” has not vanished. However, there are still certain roadblocks in the way of Shib Inu.

Many people believe that the SHIB coin’s rise is solely due to the community. However, there are other circumstances that may assist the cryptocurrency in gaining traction.

Shiba Inu will be getting a new dedicated exchange in the near future. ShibaSwap, a new decentralized cryptocurrency exchange (DEX) similar to UniSwap or PancakeSwap, will be more of coin exchange. The platform has apparently been operational for several weeks, but it is still undergoing testing to assure total security and transparency.

As of the present conditions, Shiba Inu price has dropped below a critical support level of $0.000007 and is headed for new lows of $0.00000630. If Shiba Inu breaks through the $0.00000630 support level, it will go to the $0.00000440 support level.

To acquire upside momentum in the near term, Shiba Inu needs to climb back above $0.000007. If Shiba Inu is able to break through this resistance, it will go on to the next level of resistance at $0.000008.

$1 For Shiba Inu Price?

Although the future for Shiba inu appears bleak, many experts and analysts have weighed in with their predictions. Market Realist outlined a strategy for Shib coin to hit the $1 level, which has long been a dream of Dogecoin enthusiasts. To reach $1, Shib coin would have to increase by 12,000,000%.

Every month since January, the coin has increased by around 2,000,000 percent. According to Market Realist, it might approach $1 by the end of 2021 if it continues to expand at this rate. Shiba’s price is expected to hit $0.000030 by June 2021 and could rise to $0.000048 by the end of the year, according to Wallet Investor.

As of the present conditions, Shiba Inu price has dropped below a critical support level of $0.000007 and is headed for new lows of $0.00000630. If Shiba Inu breaks through the $0.00000630 support level, it will go to the $0.00000440 support level.

Source: https://coinpedia.org/price-analysis/shiba-inu-price-plunge-hard/

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Coinpedia

An Extreme Bullish Case Emerges For Ethereum Price, $6000 May Be On Cards!

The etheruem(ETH) price is attempting to follow a similar path and if it successfully mirrors previous rally, levels above $5000 is imminent

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Ethereum price rally

In the times when the Bitcoin price rally went into a passive mode and the Ethereum price rally intensified, many believed ETH may flip BTC someday. Moreover, the difference between the market caps was diminishing at a greater pace. This fueled the speculations of the asset spiking above $5000 soon.

However, the black Wednesday of May trembled the markets which were destabilized by a massive margin. ETH price was trading above $4000 and within no time slumped below $2000. Since then the price was in search of a bigger boost to recover the losses which are still missing at the press time.

Also Read: Bitcoin Price & Ethereum Price Initiates A Bearish Weekly Trade, What’s Next?

On the other hand, the price with the current day trend sets the field for a massive breakout. The price is on the verge of forming a ‘Cup and Handle’ pattern and hence expected to visit some lower levels. Nevertheless, later a notable breakout may follow the slump to escort the price.

A popular analyst, Shelby predicts the most bullish predictions and sees the price rallying above $6000 in the coming weeks.

Currently, the ETH bulls should come into action and uplift the price above the upper resistance levels around $2936. And in the meantime, a spike in the trading volume will also follow which will confirm the upside trajectory.

On the contrary, currently, the ethereum price manifests some signs of capitulation as the exchange inflows have seen a spike. However, this might be short-lived as the ETH price is poised to regain the lost positions and propel above $5000.

Also Read: Here’s When Cardano Price (ADA) & Ethereum (ETH) will Skyrocket!

Photo of Mustafa Mulla

Mustafa has been writing about Blockchain and crypto since many years. He has previous trading experience and has been working in the Fintech industry since 2017.

Source: https://coinpedia.org/price-analysis/extreme-bullish-case-emerges-for-ethereum-eth-price/

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Coinpedia

ADA price may rise along with THETA, SAFEMOON pushed to a downtrend?

Cardano price rallies further with a bullish momentum, will it fall? THETA price climbs up the curve towards $10, might see a pullback anytime. SAFEMOON price drops, still stuck in a fluctuating phase.

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ADA Price Might Go Up the Curve

In the last week, the Cardano price had been trending in the cryptocurrency market, putting all feats to hit back the $2 mark. The price trend had been highly oscillating, plunging to as deep as $1.4 and hitting $1.87 in the coming hours. For the past few days, the price was fluctuating and struck at $1.88 but fell hopelessly. Currently some hulls have accumulated the line, and the price will possibly approach $2 once again today.

ADA

At the time of typing, the ADA price is at $1.533. In the early hours the price fell from $1.62 to $1.55. With a bullish candle in hand, the price was expected to surge, but it only fell deeper near $1.474. Currently it has surged from this point. If this proceeds, the price may hit $1.80 or above in the coming hours. However, if it fails to rally further, it might start dipping from there failing to touch a new ATH.

Technical Specifications

  • The resistance value is $ 1.688
  • The support value is $ 1.663
  • The indicators point out a sell signal.

THETA Price Advances With a Bullish Trend

The price movements for this token has been between $8 and $10. Trying to deviate from this channel, the price surged to $10.45 but fell back to $9.174 in the last couple of days. Currently, the price is soaring and set off towards a shift from this channel bypassing the $10 mark.

THETA

At the time of writing, the THETA price gradually lifted its head to $8.931. In the early hours it resumed yesterday’s bearish trend and was dipping rapidly. This happened in two phases, where it first fell to $8.595 and then to $8.369, with the aggravating selling pressure. Now, the movement flipped being bullish and might touch $10, if the bulls rally further. However, failing to do so, the price may dip from this point and sail back at $8.50.

Technical Specifications

  • The resistance value is $ 9.470
  • The support value is $ 9.075
  • The indicators point out a buy signal.

SAFEMOON Taking a Curve Away from the Moon

For the last couple of days, the SAFEMOON price is dripping slowly. Earlier today, the price survived the bearish storm and striked at $0.00000390 from $0.00000367. However, the momentum ceased and the price plunged deeper in segments, from there. Currently, SAFEMOON is still entangled in a downtrend and is moving downwards.

SAFE

At the time of typing, the SAFEMOON price is $0.000003596. For the past hours, it has been highly fluctuating between $0.00000345 and $0.00000375. At present the price is positioned downwards and may plunge further to $0.00000354. Following which the price may begin to oscillate within the range again.

Technical Specifications

  • The resistance value is $ 0.00000366
  • The support value is $ 0.00000352
  • The indicators point out a sell signal.

Also read: Safemoon price prediction, How high will the price hit by 2021?

The price movements for this token has been between $8 and $10. Trying to deviate from this channel, the price surged to $10.45 but fell back to $9.174 in the last couple of days. Currently, the price is soaring and set off towards a shift from this channel bypassing the $10 mark.

Source: https://coinpedia.org/price-analysis/ada-price-theta-and-safemoon-trends/

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