Binance Price Prediction Today, Tomorrow and Week
Latest Price of Binance Coin
| Metric | Last 24 Hours | Trend |
|---|---|---|
| Net Social Media Sentiment | 87.2% | Steady |
BNB Price Performance
- Last 1 Month: -2.0%
- Last 12 Months: -26.5%
- Since Launch (2017): +183244%
Binance BNB, Buy or Sell Poll (New)
Binance Price Prediction Today, Tomorrow and Week
- BNB Binance Price Prediction in the next 24 hours is between $228 and $231
- BNB Binance Price Prediction this week is between $224 and $235
| Overall Outlook | Bearish |
| 1. Market's Wisdom | Bearish |
| 1a. Market Data | Partially Bearish |
| 1b. Technical Recommendation | Sell |
| 2. Crowd's Wisdom | Partially Bearish |
| 2a. Social Media Buzz | Lower |
| 2b. Social Media Sentiment | Steady |
Binance Price Prediction Today: Introduction to Binance BNB
Launched in 2017 by Changpeng Zhao, BNB operates on the Binance Blockchain, an extensive network encompassing the Binance Chain, Binance Smart Chain, Binance Academy, Trust Wallet, and multiple research initiatives. The Binance Chain, in particular, has fostered the development of several crypto wallets, with Trust Wallet being a notable example built upon it.
The chain relies on the Tendermint BFT consensus mechanism, which facilitates transactions and authentication processes. It’s worth noting, however, that Binance Chain does not support smart contracts. Binance’s blockchain has also incubated several projects such as Lifeform, Magicsquare, Tatsu, and Meritcircle.
BNB Coin, since its inception, had a myriad of applications across platforms. Within the Binance exchange, it serves as a trading pair and offers users trading fee discounts, which currently stand at a 25% rate for 2022. Beyond trading, BNB’s utility extends to payments, accepted by platforms like crypto.com, Monetha, and Uplive. For travel enthusiasts, BNB facilitates bookings on TravelbyBit and Trip.io. Several online services, including BitTorrent and Canva, recognize BNB as a valid payment method. Financially, BNB supports investments in ICOs via the Binance Launchpad and is even acknowledged by the VISA debit card of Monaco. Its significance in the DeFi sector is undeniable, with users lending BNB to earn interest, using it as collateral for loans, or even staking it on Binance’s Smart Chain for returns.
Binance’s performance metrics reveal a mixed bag. While it ranks third in DeFi TVL with $2.92 billion and its NFT transactions over the last month are rising to $17.5 million, its payments presence is limited. Furthermore, its recent performance indicates some challenges. In 2023, Binance saw a decline of 12.3% year-to-date and a decrease of 22.1% over the last 12 months. However, its growth since its launch is staggering, with an impressive 185,944.75% increase, underscoring Binance’s resilience and potential in the volatile crypto landscape.
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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.