BNB is a native token of Binance crypto exchange, and was launched in 2017. In this article, we are going to discuss what is BNB, and if BNB is a good investment to make in 2023? We will also talk about BNB price prediction for 2023 to 2030. So let’s begin.
Binance has given great returns since it started trading since its ICO. Binance as a platform has grown to be the best crypto exchange one can trust, despite many lending platforms and exchanges shutting down recently. Specially last year, Binance saw a NON-STOP growth from 20-30 USD to reaching above 600 USD in less than 6 months time.
However, in the current bear market, amidst constant BNB FUD, the price stayed above 300 USD. However, post-SECsuing Binance, the BNB price fell below 225USD, and on the 22nd of August, 2023, BNB fell to as low as $205USD.
As of 14th November 2023, the BNB token is now trading at around 245 USD.
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What is a BNB coin?
BNB is a utility coin of the Binance crypto exchange as well as the Binance smart chain. It may be used for trading and making commission payments on the Binance cryptocurrency exchange. As said, it fuels the Binance Chain, a network of smart contracts established by Binance and home to a number of initiatives. For every trade you make on Binance, if you pay the fee with BNB coin, you get a discount on your trading fee.
The value of BNB skyrocketed as Binance and its blockchain network gained more notoriety. By the end of the year, investors who purchased at the beginning of 2021 had earned profits of more than 1,200%.
With the help of primarily Chinese investors, the team was successful in raising 15 million USD. Since other ventures gathered more money without having a functioning company or product, this figure is not particularly outstanding.
Binance Coin: BNB Details
| Website | binance.com |
| Current Supply | 151,701,428 |
| Founder | CZ |
| Release Date | July 2017 |
| Network | BNB |
| Consensus Mechanism | – |
| Current Rank | #4 |
| Market cap | 37,190,406,070 USD |
Latest News and stats related to Binance and CZ in November 2023
- BNB chain has 982.75k daily active users (30 days).
- BNB chain generates 348,294 USD daily fees.
- Binance.US, which previously represented 8.2% of the total weekly trading volume among US crypto exchanges at the start of the year and reached a peak of 22% in late March, now holds just 1.5% of the overall trading volume. It ranks #7 as per the latest trading volume.
- Binance has launched a new product called Binance Sensei.Binance Sensei is an AI-powered Web3 mentor that can help users learn about the crypto industry.
- Binance has also launched a new feature called Auto-Invest 3.0.Auto-Invest 3.0 allows users to automatically invest in cryptocurrency on a recurring basis.
What distinguishes BNB from other Crypto Exchange tokens?
The fact that Binance and Binance US exchanges recognize BNB as their official cryptocurrency makes it unique. It is also the default token for Binance Smart Chain.
It has played a crucial part in the development of the BNB Smart Chain.
On Binance Smart Chain, developers can create non-fungible tokens, make blockchain games, and produce decentralized apps, among other things and all of these use BNB as a token to pay for the gas fee
Did you know the growth of the ETH ecosystem created a lot of demand for BNB? Let me explain.
The biggest and the most decentralized smart contract blockchain of all time, Ethereum, was experiencing severe network congestion back in 2021. Transactions were delayed as a result of the congestion, and gas costs increased. For a simple SWAP, users had to pay 200 to 300USD in gas fees. Users had to move from the ETH network to some other network to reduce their gas fee, and one fine day CZ, founder of Binance announced the launch of the Binance Smart chain.
Transactions on the BNB Smart Chain process swiftly and with low gas costs. While Ethereum has continued to be widely used, many developers and consumers shifted to other platforms in order to reduce fees. Due to the necessity to expand upon and utilize BNB Smart Chain, this raised demand for BNB.
The adoption of technology of Binance Coin
The main reason Binance is so well-known is the fact that it conducts 1 billion trades every day, round-the-clock. There are many more reasons as well. So there is no issue with liquidity on Binance for most of the coins listed, especially the top ones.
For all this volume of trade, BNB is burnt in an orderly, phase-by-phase manner to bring stability while preventing abrupt market movements.
BNB’s initial coin offering of 100 million coins, which was launched in July 2017 and was a rousing success, raised $15 million as the company soared to its full potential. With a substantial portion going toward marketing initiatives, the monies obtained were used to strengthen the ecosystem even further. The benefit of inter-tradability for other virtual currencies is another characteristic that distinguishes BNB and makes it a target for widespread adoption. BNB can be used to pay Binance’s 0.1% per trade cost in contrast to the assessed withdrawal charge when cryptocurrency owners transfer their funds out of an exchange and into a personal wallet.
The Binance model is made in such a way that it does not enable smart contracts and instead makes use of the Tendermint byzantine-fault-tolerant consensus mechanism. The ability to utilize Binance Coins in other particular ICO investments through Binance’s Launchpad program is another key advantage of the cryptocurrency. Other virtual coins can be traded within the flawlessly opportunistic framework that Binance has created. The Binance platform, and digital currency all support a wide range of credit and debit cards.
Okay, we have learned a lot about Binance, BNB, and their history. Now, let us have a look at the price history of BNB since 2017.
BNB Price History 2017
BNB was introduced through an ICO that spanned from June 26 to July 3, 2017, by the Binance development team, which includes its founder Changpeng Zhao. 200 million BNB tokens, worth around $0.15 a piece, were the initial available supply. Out of that sum, 100 million dollars were sold at a public auction, 20 million dollars were given to angel investors, and 80 million dollars went to the founding team. The coin once launched traded below its ICO price for quite some time @ 0.11 USD. From there, in the next 3 months, BNB touched more than 10 USD.
BNB Price History 2018
BNB started to trade in 2018 from 8.11 USD and from there, it reached $22.32 on January 12, 2018. And then came the bear market.
The coin’s value then dropped by 50%, remained stable until the third quarter, and then started to decline once more falling below 5 USD and closing the year just above 6 USD.
BNB Price History 2019
For BNB, 2019 was a year of incredible success. Despite a slight slowdown in the coin’s performance throughout the second part of the prior year, the IEO it introduced gave it a big boost, and it ended the year 2019 with gains of more than 150%. On June 12, 2019, the coin reached a new all-time high, or ATH, of $34.69 in 2019. To finish the year at $13.95, it dropped once more.
BNB Price History 2020
The pandemic, a problem that initially surfaced at the start of last year and lingered for a substantial amount of time, is the only factor contributing to the value of Binance Coin continuing to fall. 2020 saw a gradual increase in the price of the Binance coin, which eventually reached the $40 price point.
BNB Price History 2021
After that, beginning in 2021, Binance Coin experienced a rapid rise and climbed to a new record high of $690. But despite experiencing a small drop after reaching an ATH, the BNB currency kept moving in a bullish direction.
BNB Price History 2022
As the markets dropped in April, it continued its downward pattern that had begun the year. On June 19, the cost decreased to $214.92. For some while it was constant. BNB was trading at 246.33USD, on 31st of December 2022.
How to buy BNB?
Now that you have understood BNB, its relation with Binance, BNB’s price history, and the factors that led to the growth of BNB coin, let us discuss how you can buy BNB in India as well as internationally.
Where to buy BNB with BTC, USDT on international crypto exchanges?
| Buy BNB | Register here |
| Binance | Sign up here |
| Huobi | Sign up here |
| OKEx | Sign up here |
| KuCoin | Sign up here |
| Coinbase | Sign up here |
Which are the Indian crypto exchanges where I can buy BNB?
You can buy BNB from almost all Indian crypto exchanges against INR.
| Buy BNB | Register here |
| WazirX | Sign up here |
| CoinDCX | Sign up here |
| Coinswitch Kuber | Sign up here |
| Binance | Sign up here |
BNB Price Prediction for Today and Tomorrow
BNB is trading almost near ATH, in terms of the BNB-BTC chart. BNB Price Forecast suggests BNB could trade in GREEN for today and tomorrow, in terms of USD.
BNB Price Prediction 2023
In May 2023, BNB is predicted to trade in between $342.17$ and 308.59.
| When | Maximum Price | Minimum Price |
| November 2023 | $ 262.36 | $ 190.27 |
| December 2023 | $ 275.28 | $ 197.91 |
What is the BNB Price Prediction for November 2023?
BNB is expected to trade in between $262.36 and $190 in November 2023.
What is the BNB Price Prediction of December 2023?
Maximum and minimum BNB Price prediction for December 2023 is $275.28 and $197.91.
BNB Price Prediction 2024
| When | Maximum Price | Minimum Price |
| January 2024 | $251.96 | $198.30 |
| February 2024 | $212.09 | $176.75 |
| March 2024 | $178.28 | $65.23 |
| April 2024 | $165.23 | $54.36 |
| May 2024 | $159.30 | $49.42 |
| June 2024 | $121.16 | $59.30 |
| July 2024 | $135.40 | $71.16 |
| August 2024 | $155.64 | $79.70 |
| September 2024 | $167.12 | $89.27 |
| October 2024 | $173.19 | $102.66 |
| November 2024 | $183.99 | $128.32 |
| December 2024 | $184.79 | $153.99 |
According to our BNB Price Prediction, Binance Coin (BNB) is expected to have a bearish price performance in 2024, with a minimum price prediction ranging from $49.42 to $153.99. The maximum price prediction for BNB ranges from $121.16 to $251.96.
This represents a significant growth potential for Binance Coin in the coming year, making it a good coin to buy in 2024 for long-term investments. The crypto market is known to be volatile, but Binance Coin has demonstrated stability and a strong track record as an exchange coin.
Binance, being one of the best crypto exchanges, has also shown great potential after the fallout of FTX, making Binance Coin an attractive investment option.
However, these price predictions should be taken with a grain of salt and should not be the sole basis for investment decisions. Technical analysis, on-chain analysis, and research should be conducted before making any investment decisions.
BNB Price Prediction 2025
| When | Maximum Price | Minimum Price |
| January 2025 | $203.26 | $163.92 |
| February 2025 | $213.96 | $152.83 |
| March 2025 | $267.45 | $215.69 |
| April 2025 | $318.40 | $227.43 |
| May 2025 | $346.08 | $279.10 |
| June 2025 | $415.30 | $296.64 |
| July 2025 | $407.16 | $328.35 |
| August 2025 | $488.59 | $348.99 |
| September 2025 | $610.73 | $492.53 |
| October 2025 | $763.42 | $545.30 |
| November 2025 | $954.27 | $769.57 |
| December 2025 | $1,097.41 | $783.87 |
BNB price forecast for 2025 suggests it could reach the maximum price of 1097USD in December 2025, and a minimum price of 152USD in February 2025.
BNB Price Target 2026
| When | Maximum Price | Minimum Price |
| January 2026 | $1,316.89 | $1,062.01 |
| February 2026 | $1,053.52 | $752.51 |
| March 2026 | $810.40 | $653.55 |
| April 2026 | $607.80 | $434.14 |
| May 2026 | $449.77 | $362.72 |
| June 2026 | $345.98 | $247.13 |
| July 2026 | $276.78 | $223.21 |
| August 2026 | $214.56 | $153.26 |
| September 2026 | $268.20 | $216.29 |
| October 2026 | $335.25 | $239.46 |
| November 2026 | $368.77 | $297.40 |
| December 2026 | $413.03 | $295.02 |
BNB Price Target 2027
| When | Maximum Price | Minimum Price |
| January 2027 | $495.63 | $399.70 |
| February 2027 | $396.51 | $283.22 |
| March 2027 | $305.00 | $245.97 |
| April 2027 | $259.25 | $185.18 |
| May 2027 | $217.77 | $175.62 |
| June 2027 | $167.52 | $119.66 |
| July 2027 | $134.01 | $108.08 |
| August 2027 | $103.89 | $74.21 |
| September 2027 | $129.86 | $104.72 |
| October 2027 | $162.32 | $115.95 |
| November 2027 | $178.56 | $144.00 |
| December 2027 | $199.98 | $142.84 |
BNB Price Prediction 2028 to 2030 (in USD)
| When | Maximum Price | Minimum Price |
| January 2028 | $239.98 | $193.53 |
| February 2028 | $191.98 | $137.13 |
| March 2028 | $174.53 | $140.75 |
| April 2028 | $148.35 | $105.96 |
| May 2028 | $124.61 | $100.50 |
| June 2028 | $113.29 | $80.92 |
| July 2028 | $141.61 | $114.20 |
| August 2028 | $182.67 | $130.48 |
| September 2028 | $228.34 | $184.15 |
| October 2028 | $285.43 | $203.88 |
| November 2028 | $313.97 | $253.20 |
| December 2028 | $351.65 | $251.18 |
| January 2029 | $242.61 | $195.66 |
| February 2029 | $285.43 | $203.88 |
| March 2029 | $356.78 | $287.73 |
| April 2029 | $424.74 | $303.39 |
| May 2029 | $461.68 | $372.32 |
| June 2029 | $554.01 | $395.72 |
| July 2029 | $527.63 | $425.51 |
| August 2029 | $439.69 | $314.07 |
| September 2029 | $549.62 | $443.24 |
| October 2029 | $687.02 | $490.73 |
| November 2029 | $755.72 | $609.45 |
| December 2029 | $846.41 | $604.58 |
| January 2030 | $824.42 | $664.86 |
| February 2030 | $989.31 | $706.65 |
| March 2030 | $942.20 | $759.84 |
| April 2030 | $785.17 | $560.83 |
| May 2030 | $981.46 | $791.50 |
| June 2030 | $1,226.82 | $876.30 |
| July 2030 | $1,349.50 | $1,088.31 |
| August 2030 | $1,511.44 | $1,079.60 |
| September 2030 | $1,472.19 | $1,187.25 |
| October 2030 | $1,766.62 | $1,261.87 |
| November 2030 | $1,682.50 | $1,356.85 |
| December 2030 | $1,402.08 | $1,001.49 |
Within 2028 to 2030, BNB is expected to reach a maximum of $1,766.62 and a minimum of $195.66.
BNB Price Prediction (in INR): 2023 to 2030
Year WISE | Maximum Price | Minimum Price |
| 2023 | ₹20,086.00 | ₹15,967.58 |
| 2024 | ₹15,521.97 | ₹4,151.24 |
| 2025 | ₹93,280.04 | ₹12,990.55 |
| 2026 | ₹113,252.94 | ₹13,180.08 |
| 2027 | ₹43,120.01 | ₹6,455.84 |
| 2028 | ₹30,944.91 | ₹7,120.83 |
| 2029 | ₹75,330.39 | ₹17,413.38 |
| 2030 | ₹160,762.73 | ₹51,035.79 |
According to the BNB Price prediction in INR, the price of BNB is expected to reach a maximum of ₹160,762.73 and a minimum of ₹4,151.24 in 2030 and 2024, respectively.
BNB is expected to experience significant growth, with the maximum price increasing by over 38.5 times from 2023 to 2030.
In 2029, the price of BNB is predicted to reach ₹75,330.39, which is a growth of over 4.71 times from its minimum price in 2023.
When looking at these predictions, one can easily see Binance can reach 1,00,000 INR by 2026, and 5,00,000 INR by 2040 or 2050.
However, do not consider this price prediction as the final future price. Kindly DYOR before investing in BNB coin.
Forecast BNB Price Prediction in USD: 2023 to 2030
The maximum BNB price for 2023 is 349 USD, where the lowest price predicted is 190.27 USD.
The maximum BNB price prediction for 2025 is 1,097.41 USD, and the price forecasted is 152USD
The Max BNB Price prediction for 2030 is 1,766.62 USD, while the minimum is 195 USD.
BNB Price Forecast in INR: 2023 to 2030
The maximum BNB price for 2023 is 20,086.00 INR, where the lowest price predicted is 15,967.58 INR.
The maximum BNB price prediction for 2025 in INR is 355,797.40, and the price forecasted is 12,990.55 INR
The Max BNB Price prediction for 2030 is 160,762.73 INR, while the minimum is 51,035.79 INR.
FAQs
Is investing in BNB wise?
One of the cryptocurrencies that expanded quickly is Binance Coin, therefore the coin has a lot of support from market aficionados. On top of that, it serves as the host coin for Binance, the biggest cryptocurrency exchange in the world.
Is BNB a wise investment in 2023?
BNB at this point, is almost close to ATH. No not in terms of USD, but in terms of SATs. So, you can definitely start a SIP in BNB, however investing a lumpsum amount on BNB coin may not be recommended at this point.
However, if BNB goes down by 50% in terms of SATs, you can make an investment in BNB. Long term, BNB is a good coin to hold. BNB, according to us should be one of the 5 coins you hold in your long term portfolio.
What is the BNB price prediction 2025?
BNB could benefit if the cryptocurrency industry keeps expanding. Binance could possibly break the psychological barrier of $1,000 for the first time in 2025.
As per our forecast, the max BNB price prediction for 2025 is 1,097.41 USD, while min is 152 USD.
What will be the value of BNB in 2030?
Crypto experts are prepared to offer their BNB cost prediction for 2030 after years of examination of the BNB price. At least $195 will be the minimum price, and $1,766.62 might be the highest peak.
In short, BNB could cross 1750 USD by 2030, which means, almost an 8X gain from the current price.
Will BNB reach 1000 USD?
Binance ATH is $686.31, which happened on May 10, 2021, and is now currently trading at 210 USD as of 22nd September 2023. According to our analysis, BNB can definitely touch 1000 USD and beyond but not this year or next. BNB could cross 1000 USD in December 2025.
BNB Related posts:
- Factcheck: Did CZ’s net worth really fell by 93%?
- Binance Withdrawals Surge Amidst Reports of Red Flags in Binance Proof of reserves Audit
Is BNB a Good Investment in 2023?
Binance is the largest cryptocurrency exchange in the world by trading volume. It will be interesting to watch if Binance maintains its position as the leading cryptocurrency exchange company over the next five years, according to price forecasts.
The IEO model and the most recent projects are mostly responsible for the treasured token’s ascent to prominence.
Once the bull market is back, the trading volume will be increasing. Binance may come with new products. The trust that the exchange has built over the years, will help them onboard more number of users.
And I think Binance and BNB, both have great futures. BNB is definitely a good investment to make in 2023.
For anyone wanting great returns from their cryptocurrency portfolio, BNB is a good coin to invest in for the long term.
The next two months could be bullish for BNB. For the short term, we may see a correction, and for those who are thinking of investing, that could be a good time to jump in.
Disclosure: We hold BNB in our portfolio. But this does not make this any investment advice. The price forecasted in this article – BNB Price Prediction 2023 to 2030 is generated using AI and does not guarantee that BNB will follow what’s predicted. Please DYOR before investing.
Also, do not forget to comment below your price prediction for BNB by the end of 2025.
Last updated: 22nd September, 2023
