What is Binance Coin?
If you familiar with crypto trading then you surely heard about Binance trading platform for crypto asset. Binance is world’s most used trading platform that achieve average $3 billion + trading volume each day. Binance Coin is nothing but utility token based on Binance chain uses BEP2 Token on platform. initially Binance Coin was based on ERC-20 built by using Ethereum Blockchain and later after launching Binance chain it swapped to BEP2 token.
Binance Coin in short term BNB is very successful trading platform-based Token that currently holding position under top 20 largest crypto list. Reason behind success of BNB coin is because Platform itself promoting BNB by providing offers to the active users. BNB powers Binance Ecosystem in which it used for major operation platform like trading fees payment, hosting token sale on Binance launchpad and also accepting payment from customer.
Binance coin was launched in 2017 with following ICO and after that to pumped coin value binance started providing discount on trading fees. in 2017, Binance was offering 50% off on trading and later as year passes discount percentage changes. Binance coin continue to follow burn program until it reaches to its maximum supply.
Binance Coin Price Prediction
|Month & Year||BNB Price Prediction|
Binance Coin Overview
|Project name||Binance Coin|
|Based on||Binance chain|
|All-time high||$39.57 USD|
|Exchange Platform||Binance, Hoo, BKEX, BitZ, BW.com, Dcoin, Bilaxy, Coinsbit, P2PB2B, MXC, CoinBene, HBTC.|
BNB ICO Overview
|Raised by||$0.1 USD|
|Date of ICO||1 June 2017|
|ICO Price||$15,000,000 USD|
|Partners||Swipe, FTX, WazirX, Brave, Harmony, Bitpay, Uplive.|
Binance Coin Price Analysis
In 2020 crypto market sees huge growth in numbers users around the globe after covid pandemic market suppose to fall like Stock market but unexpectedly crypto market starts surging. So, being most used crypto platform sees huge growth in bitcoin trading and other altcoin trading. so, in 2020 Binance Coin continue its dominance in trading platform-based token, as in beginning of year BNB sees 2x hiked in price where price surged from $13 USD to $26 USD in less than 1 month.
Recently in mid of march 2020 BNB was dropped below $10 USD and ever since that drop it continues to follow bullish trend and now its value increased by almost double. So, Binance Coin is very close to cross its previous best of 2020 and possibly sees huge growth in upcoming years. Project mainly depended on platform it also supported on Binance Decentralized exchange which also gaining huge popularity after breakout of DeFi protocol. However, Binance launchpad listed more project that ultimately benefit Binance original platform.
Binance is not minable means it does not depend on Proof of work mechanism, as it uses proof of Stake that enable validator, where uses get reward for maintaining ecosystem. however, discount rate continue fall down and in 2022 it will dropped 0%.
Will BNB hit $100 USD?
May be yes, but it can take more 7 to 8 years as per our prediction.
How much BNB will be worth in 5 years?
Most probably it can worth more than $70 USD
How Much BNB Worth in 2030?
Expected to cross $100 USD mark if to continue to dominant.
Is Binance a Good Investment?
Yes, if you trading on binance Platform then holding BNB will be unlock thousand benefit and offers, binance itself charges minimal fees for trading crypto.
Binance Coin continuous gaining huge market cap volume also seeing growth in number of investors. In recent month Binance daily volume almost touching $8 billion USD figure from average from $3 billion USD average. Project also integrated with many successful projects from different industry by adopting binance chain, however binance chain is most scalable and secured network. so, BNB in future continue its dominance and it continue to grow as per the Binance platform.