Binance Coin (BNB) is the native token of the Binance blockchain. The Binance blockchain allows developers and project owners to create decentralized applications (dApps) on it.

Most of the dApps that are developed in the Binance blockchain are hosted as BEP20 tokens which are in their thousands. Presently, transactions in the tokens are carried out by using ether in buying the fees in the form of BNB which is one of the cheapest in the industry. Also, recent projects are hosted on Binance Smart Chain (BSC).

What is Binance Coin (BNB)?

Binance Coin is a cryptocurrency that was founded by Binance exchange CEO Changpeng Zhao in 2017. BNB was formerly hosted on the Ethereum blockchain during its launch before the migration to Binance Smart Chain in September 2020 after the launch. It raised $15 million through its public sale of 100 million BNB out of its total supply of 200 million at an initial coin offering price of $0.15. BNB investors used Bitcoin and Ethereum to purchase the token during the launch.

Binance Coin (BNB) has been community-driven following the ease to build and launch tokens on Binance Smart Chain. This has enabled it to attain an all-time high price of $690.93 on May 10th, 2021 during the bullish run of some of the top 50 cryptocurrencies. The early investors who purchased BNB during its ICO are presently having a return on investment worth over $3800 per $1.

Let's see the Binance Coin price analysis for the coming years.

Price Analysis of Binance Coin

Flashback: Fundamental Analysis of Binance Coin

Fundamental analysis has to do with ways through which news and announcements can affect the price of an asset. In the Binance crypto and exchange community, there is news that has increased the positive sentiments that investors have for it in the long term.

In recent news, it was announced that Binance Smart Chain and Binance Coin would now be called “Build and Build” which denotes a better symbol for BNB and will help users who wish to create tokens that they are committed to the success of the blockchain irrespective of stiff competition they face from other competitors in the industry. When more projects are launched on the Binance blockchain, the price of BNB will continue to rise as a result of more demand to carry out transactions in the platform with it.

Also, there was a release that the Binance Accelerated Burn Program has enabled it to keep burning a certain quantity of BNB every quarter depending on the total blocks produced and the gas fees released, which will be replaced with the BNB auto-burn mechanism. This will ensure a hitch-free process that can be independently verified until 50% (100 BNB) of its total supply had been burned.

Now, we shall use charts to discuss the price analysis of Binance Coin (Build and Build).

https://www.tradingview.com/x/kQDJkz6f/

From the link above, the relative strength index (RSI) value of Binance Coin is 48.03 which means that the present trend is weak or neutral since it lies between 30 and 50. More buyer pressure might increase the price since it is currently bullish.

https://www.tradingview.com/x/MdpAiudS/

The link above represents a 1day chart of BNB/USDT using the Keltner channel that helps to know the direction of a trend. Since the present candlestick is within the middle part of the curve though bullish, the price of BNB might consolidate further before taking a direction depending on the activities of buyers or sellers.

https://www.tradingview.com/x/64YrwekL/

BNB might witness a period of downtrend soon since the yellow curve in the EMA Ribbon link above is above the recently formed candlesticks.

Binance Coin Price Prediction 2022

By the end of the first quarter of 2022, the price of BNB might reach $390. However, it will be within the range of $340 and $410 by the end of the second quarter of 2022. By the end of the third and fourth quarters of the year 2022, BNB prices will be within $395 to $500 and $410 to $600 respectively.

Binance Coin Price Prediction 2023

The price of BNB might reach $700 by the end of the first quarter and $800 by the end of the second quarter. In the third and fourth quarters of 2023, Binance Coin prices drop to $600 and then rise to $900 respectively.

Binance Coin Price Prediction 2024

The price of BNB might reach $1000 by the end of the first quarter and $1200 by the end of the second quarter. In the third and fourth quarters of 2024, BNB prices might be $1600 and $1900 respectively.

Binance Coin Price Prediction 2025

The price of Binance Coin might reach $1800 by the end of the first quarter and $2000 by the end of the second quarter. In the third and fourth quarters of 2025, BNB prices might be $3000 and $5000 respectively.

Binance Coin Price Prediction 2026

The price of Binance Coin might reach $8,000 by the end of the first quarter and $10,500 by the end of the second quarter. In the third and fourth quarters of 2025, BNB prices might be $12,000 and $15,000 respectively.

Binance Coin Price Prediction: Market Sentiment

Binance Coin price prediction by well-known media platforms is explained below:

Wallet Investors

According to Wallet Investors, the price of BNB will be $775 by the end of 2022 and $2,287 by the next five years.

DigitalCoinPrice

According to DigitalCoinPrice, the price of BNB will reach $520 in 2022 and $1,632 by the end of 2029.

Price Prediction

According to Price Prediction, the price of BNB will reach $5408 by the end of 2022 and $10,616 by the end of 2030.

Our Binance Coin Price Prediction

Considering the continuous burning of BNB and the increase in new projects that use its blockchain to launch their token, BNB might reach $15,000 in the next five years.

Conclusion

From the fundamental analysis, charts, and market sentiments around Binance Coin, we can deduce that the price of BNB will be bullish in the future which will reward long-term investors.

Binance Coin Price Prediction 2022-2026-Will BNB Price Hit $600 by the end of 2022?

BNB was formerly hosted on the Ethereum blockchain during its launch before the migration to Binance Smart Chain in September 2020 after the launch.

Chukwuemeka Raphael is an author and cryptocurrency news writer/analyst. As a Mathematics graduate and trained analyst, he combines his Math knowledge and strong reading culture in contributing content and analysis for the development of cryptocurrency and blockchain space.

Binance Coin Price Prediction 2022-2026-Will BNB Price Hit $600 by the end of 2022?

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