However, in line with the broader crypto market, the Binance coin began to lose value heading into 2022, dropping to a low of $196. Currently, it is the fourth-highest coin by market cap but has been under fire for the past 18 months, with regulators citing severe concerns. This came to a head recently in June, when the SEC declared BNB and other major tokens as securities. BNB as of writing failed to create resistance at $232 USD and that could led to another disaster price crash expected in end of June and July 2022 month. Most of trader still holding BNB on exchange in order to get airdrop of Binance launchpad project, as BNB staker on platform able to buy stepn token from their allocation.
- However, this metric grew towards the end of February, with a price rise following.
- BNB stands as a well-recognized cryptocurrency established by the founder of Binance, Changpeng Zhao (CZ).
- Pink BNB’s 50-day SMA (simple moving average) is currently $ 0.0₈2501.
- For instance, we are witnessing a cryptocurrency resurgence and know about the upcoming long global economic crisis.
- The trend leads to a 25% discount in the following year, 12.5% in the third year, 6.75% in the fourth year.
At the same time, the average value of the token may revolve around $1267. Even though we never give out financial advice, the fundamentals and diversified use cases of BNB might help it qualify as a good investment option. 50-day, 100-day and 200-day moving averages are among the most commonly used indicators in the crypto market to identify important resistance and support levels. If the PNB price moves above any of these averages, it is generally seen as a bullish sign for Pink BNB. Conversely, a drop below an important moving average is usually a sign of weakness in the PNB market. According to our current Pink BNB price prediction, the price of Pink BNB is predicted to drop by -7.28% and reach $ 0.0₈2319 by October 10, 2023.
However, this price projection can vary depending on the crypto market sentiment, the state of DeFi across the BSC, and even global macroeconomic factors. Do note that our Binance Coin price prediction expects BNB to make a new all-time high by 2025, beating the existing one at $690.93. Changelly’s BNB coin price prediction estimates potential lows of $304.05 and potential highs of $345.35, with an average price of $316.56.
Binance Coin (BNB) Price Prediction For Today, Tomorrow and Next 30 Days
However, one more month has passed and the BNB was once again trading below $20. In February the price had dropped below $10 and was fluctuating in $8 to $10 range until late March. Since March 31 the price was always above $10, reaching up to $15 at times. The resurgence continued the whole spring through and finished only in late June. In July there was a little step back and in August the token price had dropped below $10 again.
This sum is not very impressive, since some projects raised a more considerable amount without a working business and products. Half of the money went to advertising and brand promotion, 35% – for platform development, modernization, and security, and the remaining 15% was directed to the reserve fund. Every year, cryptocurrency experts prepare forecasts for the price of BNB. It is estimated that BNB will be traded between $$2,995.88 and $$3,452.79 in 2029. Pink BNB is forecasted to trade within a range of $ 0.0₈2175 and $ 0.0₈2877. If it reaches the upper price target, PNB could increase by 15.03% and reach $ 0.0₈2877.
Since the Pink BNB market is relatively small compared to traditional markets, “whales” can single-handedly have a big influence on Pink BNB’s price movements. Traders also like to use the RSI and Fibonacci retracement level indicators to try and ascertain the future direction of the PNB price. Currently, the Pink BNB Fear & Greed Index stands at 48, which means that investors’ sentiment is in the so-called Neutral zone.
- Despite the EU advancing its Market in Crypto Assets regulations, there remains a high level of regulatory uncertainty in the crypto industry.
- The price has been trading below the 50-day and 200-day moving averages (MAs), indicating a bearish bias.
- The news came to light after Binance exchange CEO Changpeng Zhao (CZ) announced the intention to sell their stake in FTT, and it resulted in a bank run and the FTX’s collapse.
- At the time of writing, the price of BNB is $289.57, and there has been $1,508,451,678 worth of trading in the past 24 hours.
- Moving averages are a lagging indicator which means they are based on previous price action.
Pink BNB’s 50-day SMA (simple moving average) is currently $ 0.0₈2501. The 50-day SMA indicates the average price of Pink BNB over a 50-day period. The 50-day SMA is commonly used to gauge the price trend of an asset over an intermediate period of time. A rising 50-day SMA indicates a positive PNB price trend in the medium term, while a dropping SMA indicates the opposite. According to our Pink BNB price prediction, PNB is forecasted to trade within a price range of $ 0.0₈2175 and $ 0.0₈5756 next year. Pink BNB will increase by 130.14% and reach $ 0.0₈5756 if it reaches the higher value target for 2024.
What influences the BNB price?
Depending on whether Binance can resolve its regulatory issues will play a key role in the coin’s future. Another factor affecting the BNB price is broader market conditions. If BNB can come to an agreement with regulators, then the next crypto bull market could help bolster its price.
Binance Coin Overview
The highest expected price our algorithm estimates is $ 0.0₆1754 by Jan 1, 2049. According to our Pink BNB prediction algorithm, the price of Pink BNB will not reach $0.1. Pink BNB is predicted to gain 0.00% and reach a price of $ 0.0₈2501 tomorrow.
The 50-day SMA is calculated by adding together Bitcoin’s closing prices in the last 50 days, and dividing the total by 50. According to our Pink BNB forecast, the price of Pink BNB will increase by 10.07% over the next month and reach $ 0.0₈2753 by November 4, 2023. The current Pink BNB sentiment is neutral according to our technical analysis. The Pink how to report staking rewards on taxes for 2025 is currently between $ 0.0₈4872 on the lower end and $ 0.0₇1964 on the high end.
BNB Price Prediction October 9, 2023
It is, therefore, likely for the price to test these all-time highs in the coming weeks. If it gets flipped then there is only one more zone before new highs. Nonetheless, right now price is in ‘no man’s land’ as it is between support and resistance. BNB is likely to farmatrust token continue to outperform its competitors, such as FTX and KCS. FTT is falling to new lows in comparison to BNB, whilst the KCS/BNB pair is at strong resistance. In December, BTC and ETH usually average a 16% return, therefore BNB is likely to follow the same pattern.
For some coins with little to no data points and inexistent historical data the model by default will show a positive price prediction. There is no way for our AI bot to decipher whitepaper, tokenomics and team integrity. The coin’s price that you are about to see below can fall drastically depending on many factors, so please invest wisely after checking the team and project’s whitepaper. This current price prediction is done by a machine crunching numbers and the model is still in the early beta stages.
While partners may reward the company with commissions for placements in articles, these commissions do not influence the unbiased, honest, and helpful content creation process. Any action taken by the reader based on this information is strictly at their own risk. Coming to the initial distribution, 50% or 100 million BNB went to the retail investors, whereas 40% and 10% went to the founders and angel investors, respectively.
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BSC is second only to Ethereum when it comes to the biggest DeFi chains. And for BSC, PancakeSwap is the most dominant DeFi protocol, accounting how to buy sologenic for almost 49% of the network value. This provides MK will real utility, which again helps it to stand out from other new meme tokens.
Yet, this BNB price forecast even accounts for the market sentiment that might have some impact on the prices. Overall, with a focus on fundamentals and technical analysis, this BNB price prediction is arguably the most accurate and holistic one around. In 2028, investors could see BNB reaching a maximum price of $1504 followed by a minimum price of $1392 as per the BNB coin price prediction 2028.
