Binance Coin was easily one of the rare currencies among the top 20 list showing some signs of progress in the middle of bear trends. At the beginning of December 14th, BNB recorded gains on a daily and weekly basis, however, the end of the day brings more plummeting to the cryptocurrency market, while BNB is following the negative trends with the majority of top trading cryptos.
BNB is a native currency of Binance, one of the top cryptocurrency exchanges, and it is often used for paying for fees on the exchange in order to become eligible for fee discounts.
Binance Coin dropped by over -50% of its value, that way sinking from the price of around 9$ to its current value of 4.50$ per one BNB coin, which could make its recovery a lot more difficult in the upcoming period.
However, the crypto is still reading over 40% of gains year to date, which should allow BNB to keep its price above 4$ by the end of 2018 and the beginning of 2019.
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Binance Coin (BNB) Price Prediction for 2018
Binance is seen in a daily dip at the end of December 14th, reminding that the frequent bear trends are still refusing to leave the cryptocurrency market, which resulted in over -80% of lost value in the total market capitalization of all currencies. Losing tens of billions of dollars, the market appears to behaving a hard time while trying to recover, where some currencies seem to have more positive momentum than other. Binance Coin, for instance,is still able to show a positive return in the course of the last seven days, which could keep the crypto above the value of 4$ towards the end of 2018 with potentially rising to the price between 5$ and 6$.Binance Coin (BNB) Price Prediction for 2019
Many analysts are predicting that the next year will come with more bear trends, that way bringing more price cuts to the cryptocurrency market. In the best case scenario, price predictions imply that BNB could get to its all-time high of 24$ already in 2019. However, the current state of the market tells a different story, which means that BNB probably won’t be able to go beyond 7$ in the upcoming year.Binance Coin (BNB) Price Prediction for 2020
2020 should come with more positive trends in the market in accordance with the majority of cryptocurrency analysts and enthusiasts, which means that cryptocurrencies could be able to retrieve at least some of the value lost during 2018 and 2019. In case these predictions are true, BNB could easily break the resistance of 10$ and spike towards visiting old highs with the maximum price of 15$.Binance Coin (BNB) Price Prediction for 2025
Although BNB could reach its all-time high of 24$ even before2025, there is a huge possibility that BNB alongside the rest of the cryptocurrency market could go for “break it or make it” scenario. This is the case because many of the cryptos might not survive regulations and price cuts that may come between 2019 and 2025, while there is a strong possibility that the market will change. However, BNB appears to have a great shot of staying at the top given the fact that one of the greatest exchanges in the market is standing behind the crypto.
Disclaimer: The information on this site is provided for discussion purposes only, and should not be misconstrued as investment advice. Under no circumstances does this information represent a recommendation to buy or sell securities.