In 2024, after several months of a bull market, BNB continued to show impressive recovery momentum. BNB delivered a return of 69.96% in 2024, with its price rising significantly as the overall market recovered.
As Binance remains the largest centralized cryptocurrency exchange, investors expect BNB prices to rise in the coming years. However, ongoing regulatory concerns raise questions such as “Is Binance safe?” or “Will Binance continue to rise in 2024?”
To address these questions and provide a clear view of BNB’s price trajectory, we’ve outlined Binance’s price prediction for 2024-2030.
BNB Price Prediction for August 2024
With the overall market recovery, BNB has shown resilience in a volatile market, increasing its chances of rising in a stable market. Additionally, if cryptocurrency trading volume resumes its upward trend, demand for Binance could surge significantly.
The upward cycle for BNB tested the upper trendline, and this could lead to a significant rise to $721, possibly reaching $800 by August. On the downside, a break below $537 would test the $450 mark.
BNB Price Prediction for 2024
BNB has significantly rebounded after a short-term drop to $200, growing 25% year-to-date and currently trading at $511. Despite this, BNB is still 29% below its all-time high of $724.
According to DeFi Status, the total value locked (TVL) in Binance Smart Chain (BSC) has sharply decreased from its all-time high of $44.09 billion to $6.533 billion. However, BSC remains the third-largest player in the DeFi sector, with a daily transaction volume of $785.63 million.
In 2024, the price of BNB could reach a high of $1,041. However, in the event of an economic slowdown, BNB might drop to a low of $480, with an average price of $710.
BNB Price Prediction for 2025
With the ongoing expansion of services within the Binance ecosystem, BNB is expected to continue its current upward trend. Investors can anticipate BNB reaching a new all-time high of $1,092. On the downside, BNB might experience a low of $761, with an average price of $926.
BNB Price Prediction for 2026
By the end of 2026, BNB might reach a high of $1,521. However, it could also fall to a low of $1,111, with an average price of $1,316 throughout the year.
CoinDarwin’s BNB Price Prediction
Despite increasing issues such as layoffs, regulatory scrutiny, and frequent executive departures, the Binance ecosystem continues to expand. With a focus on product innovation and new token listings, Binance remains at the top in trading volume.
According to CoinDarwin’s BNB prediction, the price of BNB could rise to $1,041 by the end of 2024.
Is BNB a Profitable Investment?
Yes, BNB is a profitable long-term investment. Initiatives like the auto-burn mechanism help reduce its supply, potentially increasing its value over time. As Binance continues to expand and innovate, BNB is poised for significant gains, making it a promising investment for long-term growth.
Final Thoughts
Based on our analysis of market sentiment, the growth of Binance, and the expansion of BNB’s utility, BNB is likely to reach $1,041 in 2024. This largely depends on whether the crypto bull market continues over the next two years. However, predicting prices inherently involves uncertainty.
While BNB’s outlook is bright, keep in mind that cryptocurrency is highly volatile and speculative. Unforeseen events can rapidly impact prices.
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