Binance Coin Price Prediction, Will the BNB Price Rally to $1000 in 2021?
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 $690.93 on May 10, 2021. Despite a slight pullback, the price still trades above $500 strongly.
As the marketers concentrate on buying the Altcoins, With certain fluctuations, the price may hit $1000 by the end of 2021. On the downside, if Bears rule the market the altcoin price might hover within the range of $500-$800 with $200 being the potential low value.
BNB Price Prediction 2022
BNB might start the year 2022 with a trading price above $1k. On a bullish note, it is expected to reach $1500 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.