Binance Coin Price Prediction 2023-2030

Latest Price of Binance Coin

Binance Price Prediction 2023: Is Binance Coin a Good Investment?

BNB is a Crypto asset that is operated on the Binance Blockchain. It was launched in 2017 by Changpeng Zhao.

The Binance network consists of the Binance Chain, Binance Smart Chain, Binance Academy, Trust Wallet, and many research projects that utilize blockchain technology to bring new-age finance to the world.

• Binance blockchain empowers entrepreneurs and helps in developing several projects, and communities
  • Eg: Lifeform, Magicsquare, Tatsu, Meritcircle, etc.
• Binance Chain is used to develop Crypto wallets. One such development is Trust Wallet built on the Binance chain.

Binance uses the Tendermint BFT consensus mechanism. Tendermint is a consensus engine for blockchains and Binance uses it to facilitate transactions, validation, and authentication processes in its platform. It does not support smart contracts.

Binance Token

Since its launch, BNB has expanded its use it is now used to perform several tasks on different platforms.

• Trading: Binance Coin can be used as a trading pair on the Binance exchange, allowing users to trade it for other cryptocurrencies.
  • Discounts on trading fees: Holding Binance Coin and using it to pay for trading fees on the Binance exchange provides users with a discount on their fees. The discount rate decreases every year and is currently at 25% in 2022.
• Payments: BNB tokens can be used for payments that include credit card payments on multiple sites or BNB-supporting sites.
  • Sites like crypto.com, Monetha, etc. accept BNB tokens as a medium of payment.
  • Uplive is one such platform that sells virtual gifts for BNB tokens to its user base.
  • BNB tokens can also be used to make travel bookings. Sites such as TravelbyBit, Trip.io, etc. accept BNB tokens for making a booking on their website.
  • Some of the online services offering platforms like BitTorrent, Canva, Storm, etc. accepts BNB token as a mode of payment.
  • BNB tokens can also be used for Financial Services. Binance coin is supported by a VISA debit card of Monaco.
• Investments: Binance Launchpad is a platform for new projects to raise funds by issuing their own tokens and it only accepts Binance Coins for participation.
  • Binance coins can also be used to make investments. Using BNB tokens one can invest in certain ICOs listed through the Binance launchpad.
• DeFi: Users can lend their Binance Coin to other users and earn interest on their assets.
  • BNB is used as collateral for loans on specific platforms.
  • Binance Coin can be used as collateral in decentralized finance protocols, or to earn interest through lending and borrowing platforms.
  • Binance savings is an option for users to deposit their assets and earn a fixed interest rate.
• Staking: Users can stake their Binance Coin and earn a return in the form of an additional Binance Coin. This is possible with Binance’s Smart Chain, a network of blockchains built to offer similar functionalities as Ethereum.

Binance Performance Metrics

• DeFi TVL: $2.92 B, Ranked 3rd [Trending Lower]
• NFT Transactions, Last 30 Days, $17.5 M, Ranked 6th [Rising]
• Games, 6 out of the Top 25, Ranked 3rd
• Payments, Limited Presence

Binance Performance so Far

• Year to Date (2023): -12.3%
• Last 12 Months: -22.1%
• Since Launch (2023): 185944.75%

Overall, Binance appears to be a Good Investment Case

Read about Dogecoin Price Prediction here

Binance Price Prediction 2023-2030, Aggregated

• BNB Binance Price Prediction 2023 is $283
• BNB Binance Price Prediction 2024 is $486
• BNB Binance Price Prediction 2025 is $713
• BNB Binance Price Prediction 2026 is $979
• BNB Binance Price Prediction 2027 is $1225
• BNB Binance Price Prediction 2028 is $1700
• BNB Binance Price Prediction 2029 is $2486
• BNB Binance Price Prediction 2030 is $3660

BNB Price Prediction 2023: How can you buy BNB?

Follow these simple if you wish to buy BNB:

• Select a Crypto exchange that supports BNB.
• Create an account with the Exchange.
• Verify your identity.
• Fund the wallet.
• Make the purchase.

Where can you purchase BNB?

• Binance
• Bybit
• FTX 
• eToro
• Crypto.com
• CoinTiger 
• Bitget.

Read: XRP Price Prediction and Forecast

Note: Crowdwisdom360 collates Predictions and data from all over the net and has no in-house view on the likely trends in the Stocks or Crypto Coins. Please consult a registered investment advisor to guide you on your financial decisions.