In addition, it is rolling out Binance pay, a highly secure and borderless payment feature on the Binance app.īinance is also actively expanding through acquisition. The card is linked to the card wallet in the Binance account. It is introducing a Binance visa debit card that changes crypto into fiat currency. If the bull run resumes, it could be one of the highest gainers in 2022.īNB is leveraging on payment to expand. Since trading volume is growing with increasing adoption, some experts argue that Binance coin could outpace Bitcoin. It made massive profits from the increased trading volume of the crypto boom. Remember, Binance is among the largest and most popular crypto exchanges. The platform growth is hinged on fees from Binance crypto exchanges. If the Defi market and users of the Binance exchange rise and Ether gas fees remain high, the price of BNB will most likely increase. Although it has more projects than Bitcoin, it is still miles behind Ethereum- which has over 200 projects. BSC proved an ideal alternative.Ĭurrently, BSC is the second-largest Defi platform with 44 projects. At the same time, the peaking Ether gas fees proved a headache to developers. In fact, the price started rising in February due to BSC. The use case of BNB expanded after the launch of the Binance Smart Chain for Dapps, Defi, and smart contracts, pushing the value higher. It isn’t designed to overthrow fiat currencies or decentralize the whole economy, as is the case with Bitcoin.īut BNB is not confined to paying fees on the Binance platform. Users get a discount of up to 25% to transact using BNB, an attractive feature to users. Fundamental Analysisīinance stipulates that BNB is a utility coin meant for use in its ecosystem. In December, the price is expected to average $513.886, trading between $436.803 and $642.357. The price could increase to a high of $640.82 in November. The platform further predicts BNB to trade between a minimum of $434.402 and a maximum of $511.061 in October. The average price is expected to grow to $506.992 in August and $509.21. The predicted average price for July is $504.473. The site predicts Binance coin price to range from $428.802 to $636.512 between July and September. The site’s algorithm shows BNB could reach a high of $627.197 in June. In June, the average price will eventually hit the $500 mark to trade at $501.757. The forecasted average price is $495.428 in April and $498.673 in May. The predicted average price is $488.331 in February and $491.818 in March.Īs per the site predictions, BNB could open the second quarter trading at $421.114. The CryptoPredictions’ site expects BNB price to range between $411 and $614 in the first quarter of 2022. As mentioned, it is the fourth-largest cryptocurrency with a market cap of $72,652,853,334.īuy BNB with Binance Q1 and Q2 Price Predictions The aim is to burn 100 million Binance coins reducing its supply and, in turn, boosting the coin’s demand.īNB is currently trading at $435.44 with a total circulating supply of 166,801,148.00 BNB. To be precise, it uses 20% of the profits to buy back and burn BNB coins. The blockchain platform has a deflationary burning strategy to ensure a finite coin supply. Other uses include booking and paying for hotels at, shopping, gaming, travel, and a fund source for the Binance debit card. Additionally, BNB is a utility token on the Binance Smart Chain (BSC), meaning you can use it to send tokens, generate passive income and collateral for crypto loans. The primary use of BNB coins is to pay for transaction fees on the Binance platform. The capital is used for marketing branding and emergency reserve. The other half was offered to investors at 15 cents raising $15 million. A half (100 million BNB) of the total supply was distributed to the founding team and angel investors. So, where is BNB coming from? First, let’s explore past performance before delving into future price expectations.īinance coin was launched through an Initial Coin Offering ( ICO). But before that, we shall explain BNB’s price performance and uses. This article explores the predicted price of the Binance coin for this year – 2022. It is now used for transactions on the Binance trading platform, the biggest crypto exchange globally by trading volume. However, it has slid into fourth place after Tether took its place in the third position.īinance Coin ( BNB) started as an Ethereum ERC token before migrating to the Binance blockchain. Within four years, Binance coin grew to become the third biggest crypto after Bitcoin and Ethereum.
Initially, it was based in China before relocating to Caymans Islands due to crypto restrictions in China. The influential Changpeng Zhao created Binance in 2017.
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