Binance Coin was issued by Binance exchange in order to represent the official token of the exchange platform that allows Binance users to pay for their trading fees in form of BNB tokens that way able to acquire discounts while trading with cryptocurrencies.
That is how the demand for Binance Coin mostly depends on how often Binance users are purchasing the token in order to acquire lower fees when trading with assets on Binance exchange.
Binance Coin (BNB) Price Today – BNB / USD
Price 24H (%) -11.00%
Despite the fact that Binance is one of the top leading exchange markets, Binance Coin wasn’t immune to the prolonged dip that came with November.
Since the November dips and the time when BNB was worth around 5$ back in December 2018, Binance’s top token for covering fees on cryptocurrency purchases has come to see a valuable increase at the beginning of 2019, traded at over 15$ at the end of the first quarter. At the same time, analysts are expecting to see less dramatic twists in the cryptocurrency market for the following period.
Will BNB be able to take a rebound or will it keep trading at lows?
Binance Coin (BNB) Price Prediction for 2019
BNB has come a long way since entering the crisis of 2018 and sliding to new lows of around 5$ per one unit, as the token managed to add 134.6% of gains to its price in the course of only two months, marking mid-January and February as successful in terms of taking a major rebound.
Binance Coin secured a spot among the top 10 cryptos with its 2019 rebound, starting the year at the right pace. Altogether, BNB might be one of the rare digital assets in the market to have managed to provide positive return on year to year charts, spiking up by over 71% on its YTD concluded with March 2019.
Despite minor setbacks in form of weekly and daily cuts, BNB appears to be holding on, which may provide enough momentum for the token to go above the value of 20$ by the end of the second quarter.
Binance Coin (BNB) Price Prediction for 2020
The year 2020 is considered to be more benevolent for cryptocurrency market in oppose to how 2018 turned out to be, so it is predicted that this would be the year when Binance coin gets close to its record price.
Optimistic predictions indicate that the currency could even reach the top price of 38$ as the new record price of BNB in case the currency revisits its record price of 24$ from January 2018.
In case 2019 sets the right pace for Binance’s token, BNB might be able to see an accelerated progress in the market by the end of 2020.
Binance Coin (BNB) Price Prediction for 2025
Many analysts are forecasting that Binance Coin, in case the record price is revisited and the new all-time is set in the course of the next 6 years, would be able to go past the value of 48$ with around 500% of gains in the course of a single year.
This way, BNB is said to be able to touch 50$ with the increased interest in trading cryptocurrencies on Binance.