BNB is a native token of Binance crypto exchange, and was launched in 2017. In this article, we are going to discuss what is BNB, and if BNB is a good investment to make in 2024? We will also talk about BNB price prediction for 2024 to 2030. So let’s begin.
Binance has given great returns since it started trading since its ICO. Binance as a platform has grown to be the best crypto exchange one can trust, despite many lending platforms and exchanges shutting down recently. Specially last year, Binance saw a NON-STOP growth from 20-30 USD to reaching above 600 USD in less than 6 months’ time.
As of 23rd August 2024, the BNB token is now trading at around 579.17 USD.
What is a BNB coin?
BNB is a utility coin of the Binance crypto exchange as well as the Binance smart chain. It may be used for trading and making commission payments on the Binance cryptocurrency exchange. As said, it fuels the Binance Chain, a network of smart contracts established by Binance and home to a number of initiatives. For every trade you make on Binance, if you pay the fee with BNB coin, you get a discount on your trading fee.
The value of BNB skyrocketed as Binance and its blockchain network gained more notoriety. By the end of the year, investors who purchased at the beginning of 2021 had earned profits of more than 1,200%.
With the help of primarily Chinese investors, the team was successful in raising 15 million USD. Since other ventures gathered more money without having a functioning company or product, this figure is not particularly outstanding.
Binance Coin: BNB Details
| Website | binance.com |
| Current Supply | 145,887,575 BNB |
| Founder | CZ |
| Release Date | July 2017 |
| Network | BNB |
| Consensus Mechanism | – |
| Current Rank | #4 |
| Market cap | $84,402,434,308 |
What distinguishes BNB from other Crypto Exchange tokens?
The fact that Binance and Binance US exchanges recognize BNB as their official cryptocurrency makes it unique. It is also the default token for Binance Smart Chain.
It has played a crucial part in the development of the BNB Smart Chain.
On Binance Smart Chain, developers can create non-fungible tokens, make blockchain games, and produce decentralized apps, among other things and all of these use BNB as a token to pay for the gas fee
Did you know the growth of the ETH ecosystem created a lot of demand for BNB? Let me explain.
The biggest and the most decentralized smart contract blockchain of all time, Ethereum, was experiencing severe network congestion back in 2021. Transactions were delayed as a result of the congestion, and gas costs increased. For a simple SWAP, users had to pay 200 to 300USD in gas fees. Users had to move from the ETH network to some other network to reduce their gas fee, and one fine day CZ, founder of Binance announced the launch of the Binance Smart chain.
Transactions on the BNB Smart Chain process swiftly and with low gas costs. While Ethereum has continued to be widely used, many developers and consumers shifted to other platforms in order to reduce fees. Due to the necessity to expand upon and utilize BNB Smart Chain, this raised demand for BNB.
The adoption of technology of Binance Coin
The main reason Binance is so well-known is the fact that it conducts 1 billion trades every day, round-the-clock. There are many more reasons as well. So there is no issue with liquidity on Binance for most of the coins listed, especially the top ones.
For all this volume of trade, BNB is burnt in an orderly, phase-by-phase manner to bring stability while preventing abrupt market movements.
BNB’s initial coin offering of 100 million coins, which was launched in July 2017 and was a rousing success, raised $15 million as the company soared to its full potential. With a substantial portion going toward marketing initiatives, the monies obtained were used to strengthen the ecosystem even further. The benefit of inter-tradability for other virtual currencies is another characteristic that distinguishes BNB and makes it a target for widespread adoption. BNB can be used to pay Binance’s 0.1% per trade cost in contrast to the assessed withdrawal charge when cryptocurrency owners transfer their funds out of an exchange and into a personal wallet.
The Binance model is made in such a way that it does not enable smart contracts and instead makes use of the Tendermint byzantine-fault-tolerant consensus mechanism. The ability to utilize Binance Coins in other particular ICO investments through Binance’s Launchpad program is another key advantage of the cryptocurrency. Other virtual coins can be traded within the flawlessly opportunistic framework that Binance has created. The Binance platform, and digital currency all support a wide range of credit and debit cards.
Okay, we have learned a lot about Binance, BNB, and their history. Now, let us have a look at the price history of BNB since 2017.
BNB Price History 2017
BNB was introduced through an ICO that spanned from June 26 to July 3, 2017, by the Binance development team, which includes its founder Changpeng Zhao. 200 million BNB tokens, worth around $0.15 a piece, were the initial available supply. Out of that sum, 100 million dollars were sold at a public auction, 20 million dollars were given to angel investors, and 80 million dollars went to the founding team. The coin once launched traded below its ICO price for quite some time @ 0.11 USD. From there, in the next 3 months, BNB touched more than 10 USD.
BNB Price History 2018
BNB started to trade in 2018 from 8.11 USD and from there, it reached $22.32 on January 12, 2018. And then came the bear market.
The coin’s value then dropped by 50%, remained stable until the third quarter, and then started to decline once more falling below 5 USD and closing the year just above 6 USD.
BNB Price History 2019
For BNB, 2019 was a year of incredible success. Despite a slight slowdown in the coin’s performance throughout the second part of the prior year, the IEO it introduced gave it a big boost, and it ended the year 2019 with gains of more than 150%. On June 12, 2019, the coin reached a new all-time high, or ATH, of $34.69 in 2019. To finish the year at $13.95, it dropped once more.
BNB Price History 2020
The pandemic, a problem that initially surfaced at the start of last year and lingered for a substantial amount of time, is the only factor contributing to the value of Binance Coin continuing to fall. 2020 saw a gradual increase in the price of the Binance coin, which eventually reached the $40 price point.
BNB Price History 2021
After that, beginning in 2021, Binance Coin experienced a rapid rise and climbed to a new record high of $690. But despite experiencing a small drop after reaching an ATH, the BNB currency kept moving in a bullish direction.
BNB Price History 2022
As the markets dropped in April, it continued its downward pattern that had begun the year. On June 19, the cost decreased to $214.92. For some while it was constant. BNB was trading at 246.33USD, on 31st of December 2022.
BNB Price History 2023
In 2023, the all-time high (ATH) of BNB was 339.04 USD, and the all-time low (ATL) was 205.75 USD.
How to buy BNB?
Now that you have understood BNB, its relation with Binance, BNB’s price history, and the factors that led to the growth of BNB coin, let us discuss how you can buy BNB in India as well as internationally.
Where to buy BNB with BTC, USDT on international crypto exchanges?
| Buy BNB | Register here |
| Binance | Sign up here |
| Huobi | Sign up here |
| OKEx | Sign up here |
| KuCoin | Sign up here |
| Coinbase | Sign up here |
Which are the Indian crypto exchanges where I can buy BNB?
You can buy BNB from almost all Indian crypto exchanges against INR.
| Buy BNB | Register here |
| WazirX | Sign up here |
| CoinDCX | Sign up here |
| Coinswitch Kuber | Sign up here |
| Binance | Sign up here |
BNB Price Prediction 2024
BNB Price Prediction 2025
| When | Maximum Price | Minimum Price |
| January 2025 | $676.166 | $545.295 |
| February 2025 | $614.696 | $439.069 |
| March 2025 | $626.990 | $505.637 |
| April 2025 | $569.991 | $407.136 |
| May 2025 | $619.555 | $499.641 |
| June 2025 | $681.511 | $486.794 |
| July 2025 | $668.148 | $538.829 |
| August 2025 | $801.778 | $572.698 |
| September 2025 | $809.795 | $653.061 |
| October 2025 | $736.178 | $525.841 |
| November 2025 | $750.901 | $605.565 |
| December 2025 | $758.410 | $541.722 |
BNB Price Target 2026
| When | Maximum Price | Minimum Price |
| January 2026 | $786.331 | $632.202 |
| February 2026 | $875.964 | $625.688 |
| March 2026 | $796.331 | $642.202 |
| April 2026 | $955.597 | $682.569 |
| May 2026 | $1,051.156 | $847.707 |
| June 2026 | $955.597 | $682.569 |
| July 2026 | $789.749 | $636.895 |
| August 2026 | $717.954 | $512.824 |
| September 2026 | $897.442 | $723.744 |
| October 2026 | $1,121.803 | $801.288 |
| November 2026 | $1,233.983 | $995.148 |
| December 2026 | $1,382.061 | $987.187 |
BNB Price Target 2027
| When | Maximum Price | Minimum Price |
| January 2027 | $1,520.268 | $1,226.022 |
| February 2027 | $1,824.321 | $1,303.086 |
| March 2027 | $1,658.474 | $1,337.479 |
| April 2027 | $1,834.321 | $1,313.086 |
| May 2027 | $2,006.753 | $1,618.349 |
| June 2027 | $1,543.656 | $1,102.612 |
| July 2027 | $1,234.925 | $995.907 |
| August 2027 | $957.306 | $683.790 |
| September 2027 | $1,196.633 | $965.026 |
| October 2027 | $1,495.791 | $1,068.422 |
| November 2027 | $1,645.370 | $1,326.911 |
| December 2027 | $1,842.815 | $1,316.296 |
BNB Price Prediction 2028 to 2030 (in USD)
| When | Maximum Price | Minimum Price |
| January 2028 | $2,027.096 | $1,634.755 |
| February 2028 | $1,804.386 | $1,313.133 |
| March 2028 | $1,658.533 | $1,337.527 |
| April 2028 | $1,824.386 | $1,303.133 |
| May 2028 | $1,532.485 | $1,235.875 |
| June 2028 | $1,393.168 | $995.120 |
| July 2028 | $1,741.460 | $1,404.403 |
| August 2028 | $2,246.483 | $1,604.631 |
| September 2028 | $2,695.780 | $2,174.016 |
| October 2028 | $2,450.709 | $1,750.506 |
| November 2028 | $2,475.216 | $1,996.142 |
| December 2028 | $2,772.242 | $1,980.173 |
| January 2029 | $2,499.723 | $2,015.906 |
| February 2029 | $2,940.851 | $2,100.608 |
| March 2029 | $3,234.936 | $2,608.819 |
| April 2029 | $3,851.114 | $2,750.796 |
| May 2029 | $4,185.993 | $3,375.801 |
| June 2029 | $4,604.593 | $3,288.995 |
| July 2029 | $4,385.326 | $3,536.553 |
| August 2029 | $3,654.439 | $2,610.313 |
| September 2029 | $3,690.983 | $2,976.599 |
| October 2029 | $4,613.729 | $3,295.520 |
| November 2029 | $4,706.003 | $3,795.164 |
| December 2029 | $4,800.123 | $3,428.659 |
| January 2030 | $4,659.866 | $3,757.956 |
| February 2030 | $4,753.063 | $3,395.045 |
| March 2030 | $4,570.253 | $3,685.688 |
| April 2030 | $3,808.544 | $2,720.389 |
| May 2030 | $3,884.715 | $3,132.835 |
| June 2030 | $3,531.559 | $2,522.542 |
| July 2030 | $4,591.027 | $3,702.441 |
| August 2030 | $4,636.937 | $3,312.098 |
| September 2030 | $3,884.715 | $3,132.835 |
| October 2030 | $4,661.658 | $3,329.756 |
| November 2030 | $4,439.674 | $3,580.383 |
| December 2030 | $4,036.068 | $2,882.905 |
In 2028, BNB is expected to reach a maximum of $2,772.242 and a minimum of $995.120. By 2029, BNB might peak at $4,800.123 with a low of $2,610.313. As we approach 2030, BNB could see a high of $4,753.063 and a low of $2,522.542.
BNB Price Prediction (in INR): 2024 to 2030
|
Year WISE
(in INR) |
Maximum Price | Minimum Price |
| 2026 | ₹115,914.84 | ₹43,011.06 |
| 2027 | ₹168,308.38 | ₹57,350.15 |
| 2028 | ₹232,510.71 | ₹83,461.71 |
| 2029 | ₹402,591.12 | ₹169,076.05 |
| 2030 | ₹398,644.15 | ₹211,568.12 |
FAQs
Is investing in BNB wise?
One of the cryptocurrencies that expanded quickly is Binance Coin, therefore the coin has a lot of support from market aficionados. On top of that, it serves as the host coin for Binance, the biggest cryptocurrency exchange in the world.
What is the BNB price prediction 2025?
The maximum price prediction for BNB in 2025 is $407.136 and the minimum price prediction is $809.795.
What will be the value of BNB in 2030?
BNB Expect to reach $4,753.063 by the end of 2030.
BNB Related posts:
- Factcheck: Did CZ’s net worth really fell by 93%?
- Binance Withdrawals Surge Amidst Reports of Red Flags in Binance Proof of reserves Audit
Is BNB a Good Investment in 2024?
Binance is the largest cryptocurrency exchange in the world by trading volume. It will be interesting to watch if Binance maintains its position as the leading cryptocurrency exchange company over the next five years, according to price forecasts.
The IEO model and the most recent projects are mostly responsible for the treasured token’s ascent to prominence.
Once the bull market is back, the trading volume will be increasing. Binance may come with new products. The trust that the exchange has built over the years, will help them onboard more number of users.
And I think Binance and BNB, both have great futures. BNB is definitely a good investment to make in 2024.
For anyone wanting great returns from their cryptocurrency portfolio, BNB is a good coin to invest in for the long term.
The next two months could be bullish for BNB. For the short term, we may see a correction, and for those who are thinking of investing, that could be a good time to jump in.
Disclosure: We hold BNB in our portfolio. But this does not make this any investment advice. The price forecasted in this article – BNB Price Prediction 2024 to 2030 is generated using AI and does not guarantee that BNB will follow what’s predicted. Please DYOR before investing.
Also, do not forget to comment below your price prediction for BNB by the end of 2025.
Last updated: 23rd August 2024
