For 20, I expect the Binance coin to also grow at the same rate of between 40 to 60 percent per annum. In my previous Binance price coin analysis for 2022, I predicted that the crypto is likely to grow at a rate of 46 percent in 2022. This analysis is based on two factors, past performance of the Binance coin and fundamental analysis that favour a strong bullish move between now and 2025. My Binance coin prediction for 2025 indicates that the prices will be trading at a level close to $1,400.

Binance Coin daily chart Binance Coin Price Prediction 2025 This means between now and the end of the year, I also expect the prices to hit support level of $317 at some point. I also expect the Binance coin to trade within the blue area on the daily chart shown below. Of course, it is also a conservative figure, but I expect the Binance prices to play out close to my predictions based on previous price history. This will be a 46 percent price increase from the current price. My analysis also shows that Binance will close the year at around the $600 resistance level. Therefore, my prediction is that the prices will trade within the blue areas shown on the daily chart below from today to the end of the year. This will push Binance prices high as the year progresses.Īrmed with these facts, I can estimate how much Binance will grow in 2022 and make a solid Binance coin price prediction for 2022.įor starters, I expect the Binance coin to continue with its volatility. Since the buybacks happen quarterly, I expect that each quarter during the 2022 Binance coin buybacks, the crypto will be recovering and sometimes making gains. This ensures that there is no oversupply of Binance coins, which pushes the prices of the cryptocurrency upward. For instance, from November 2019 to March 2021, Binance chain prices shot over 8000 percent when it reached its all-time high.īinance prices are also influenced by the Binance platform’s buybacks, where they use a fifth of their profits to buy the tokens back. Binance coin price prediction 2022īinance coin has lost 17 percent of its value since the year started and is currently trading at around the $400 level.īinance has been one of the most volatile cryptocurrencies in existence today. The cross-chain bridge solutions allow developers and users to move various digital assets from one chain to another. In the blockchain space, Binance coin and its network are used to develop decentralized apps (dApps), cross-chain bridge solutions and Binance chain. In the past few years that it has been in existence, the Binance coin has moved from Ethereum based platform to a native network, allowing it to expand its use to travel bookings, entertainment, online services, and financial services. Today, the Binance chain is used to process payment transactions. Dateīinance Network has a high reach due to its popularity and has been at the forefront of innovation in the cryptocurrency space. Today, the Binance coin is trading at around $420, indicating how far the crypto has come and people’s trust in the coin. By March 10, 2021, the crypto set a new all-time high of $690. However, this was only a glimpse of things to come. In January 2021, the crypto was already trading at $44. The prices would continue to rise, and by December 2020, the prices were already trading at $38. After that, the prices would start to rise fast, and by November of the same year, the Binance coin was trading at over $2. Price Historyīinance Coin started trading at below a dollar, and by September 2017, the crypto was trading at around $0.17. In a Binance token burn done in April 2021, the platform was able to burn cryptos worth over $596 million. These coins are then permanently destroyed. Rather than let the excess Binance coin stay on the market every quarter, Binance uses a fifth of its profits to buy coins in its treasury. The Binance platform has a unique way of solving the problem that occurs with an oversupply of crypto. A third of the funding would go to building the Binance platform and performing upgrades. The remaining 50 percent to various participants ( approximately 100 million coins)Īccording to the ICO plan, almost half the funds raised during the process would cater to the project’s marketing.40 percent to the founding team ( approximately 80 million coins).10 percent to angel investors (approximately 20 million coins).The coin would later be transferred to Binance’s chain, becoming native to the Binance chain.Ĭreators of Binance coin agreed that the crypto would have a maximum of 200 million BNB tokens. During the launch, there was an initial coin offering (ICO). Binance coin was launched in July 2017 and ran the Ethereum blockchain ERC-20 standard.

Binance price prediction 2022