Get an expert outlook with our Binance Coin (BNB) price prediction, forecast and analysis report.
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Finder asked a panel of 31 fintech specialists in April 2024 about their price predictions for Binance Coin (BNB) over the next few years.
Find out how much they think BNB will be worth by the end of 2024, 2025 and 2030.
All prices mentioned in this report are in US dollars.
Binance Coin price predictions
Our panelists feel BNB will hit a price of $741 by the end of 2024.
And they expect the price of BNB to rise to $993 by year-end 2025 and $2,378 by year-end 2030.
Sathvik Vishwanath, founder of Unocoin Technologies, is one of our more bullish panel members who thinks that BNB could see out 2024 worth $1,000 if it sees broader adoption.
"Binance Coin's price predictions reflect its utility within the Binance ecosystem and its role in powering transactions on the Binance Smart Chain. With continued adoption and innovation within the Binance ecosystem, BNB is expected to see significant appreciation in value over time."
Pedro Febrero, the VP of Web3 at RealFevr, is also bullish on BNB's future based on its applications in the memecoin space.
"BNB chain still has a significant portion of all DEX (decentralized exchange) volume, which means there is potential for some interesting plays in the memecoin field. For now, it's showing signs of price resilience but not much community adoption."
At the other end of the spectrum is John Hawkins, senior lecturer at the University of Canberra, saying that, "BNB is vulnerable to the reputational risk from ongoing investigations by regulators of the Binance exchange."
Is now the time to buy, sell or hold Binance Coin (BNB)?
The panel's sentiment towards BNB is fairly good, with 42% feeling it's time to hold and an additional 42% to buy the token.
Only 17% of our panelists believe it's a good time to sell BNB.
Henry Robinson, the president and cofounder of Decimal Digital Currency, is in the hold camp since "Binance has made it worthwhile for their traders to hold and use the coin. This is something many other projects are missing. As long as exchanging value into BNB creates a better risk/reward ratio than otherwise, we expect it to keep heading upward."
Andy LaPointe, crypto product manager at CryptoWisdom.com, sees low fees as one reason BNB may see mass adoption.
"Despite its legal challenges, Binance continues to be the largest cryptocurrency exchange on the globe. Its low fees, ease of use and massive reach across the globe will continue to provide investors with an easy onramp and trading platform for digital assets."
Will BNB hit an ATH in the near future?
With BNB breaking $500 in early March, 71% see BNB reaching a new all-time high (ATH) at some point in 2024, with 25% saying it'll happen in Q2, 21% in Q3 and 25% saying Q4.
Binance has been associated with multiple negative incidents and developments resulting in a probable trust deficit. BNB is used within the Binance Smart Chain. Therefore, its adoption and ecosystem growth will heavily depend on market sentiment and speculation that will determine the token's utility and potential value. BNB can compete on low transaction costs and high transaction speed. However, I am a bit skeptical on its scalability potential since it is mostly used among Binance users.
Despite its legal challenges, Binance continues to be the largest cryptocurrency exchange on the globe. Its low fees, ease of use and massive reach across the globe will continue to provide investors with an easy onramp and trading platform for digital assets.
Binance has made it worthwhile for their traders to hold and use the coin. This is something many other projects are missing. As long as exchanging value into BNB creates a better risk/reward ratio than otherwise, we expect it to keep heading upward.
BNB plays an important role within the Binance ecosystem, especially for reduced fees on trades on Binance's centralized exchange. From a tokenomics perspective, BNB has a solid foundation thanks to BNB Auto-Burn — one of the methods used to reduce the circulating supply.
BNB benefits from the interest in the cryptocurrency market and growing trading volumes on it. However, the increased regulatory attention to Binance makes it impossible to make long-term plans about its prospects. It seems that in the previous couple of years, Binance has reached a level of influence in the financial world that the authorities are uncomfortable with, so they are constantly putting pressure on the exchange and are unlikely to back down anytime soon.
Binance Coin's price predictions reflect its utility within the Binance ecosystem and its role in powering transactions on the Binance Smart Chain. With continued adoption and innovation within the Binance ecosystem, BNB is expected to see significant appreciation in value over time.
BNB was a favorite sometime ago as a newer and more accessible crypto for newbies. However, the politics surrounding the founder CZ Zhao is seriously affecting sustainability perception of the company and how any legal lawsuits may affect the entire company — especially given that US-SINO relations are at an all-time low, plus TikTok's case and the US government potential force-sell of the company, pulling it down.
Binance suffered a reputation hit when CZ left, but has since recovered well. The platform makes a strong offering. The mark of a successful business is how well it can survive after the founder has given up the reins. We foresee BNB going to greater strengths over the next few years.
BNB chain still has a significant portion of all DEX (decentralized exchange) volume, which means there is potential for some interesting plays in the memecoin field. For now, it's showing signs of price resilience but not much community adoption.
Finder surveyed 31 fintech specialists in April 2024. Panelists can answer as many or as few questions as they like, meaning the number of responses received varies by question. 21 panelists gave their price prediction for BNB by year-end 2024 and 2025, while 20 gave their price prediction for 2030. Panelists may own some cryptocurrencies, including BNB. All prices are listed in USD per BNB.
Changes to methodology: In 2021, this research was conducted using the simple mean of all answers supplied to Finder. From 2022, we switched to using the truncated mean, with the top and bottom 10% of responses removed to attain a more consistent result. Any 2021 results quoted in this analysis have also been re-calculated using the truncated mean.
Disclaimer: Cryptocurrencies are speculative, complex and involve significant risks – they are highly
volatile and sensitive to secondary activity. Performance is unpredictable and past performance is no guarantee of
future performance. Consider your own circumstances, and obtain your own advice, before relying on this information.
You should also verify the nature of any product or service (including its legal status and relevant regulatory
requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may
have holdings in the cryptocurrencies discussed.
Frank Corva is business-to-business (B2B) correspondent for Bitcoin Magazine and formerly the cryptocurrency writer and analyst for digital assets at Finder. Frank has turned his hobby of studying and writing about crypto into a career with a mission of educating the world about this burgeoning sector of finance. He worked in Ghana and Venezuela before earning a degree in applied linguistics at Teachers College, Columbia University. He also taught writing and entertainment business courses in Japan and worked with UNICEF in Namibia before returning to the US to teach at universities in New York City. Earlier in his career, he spent years working as a publicist and graphic designer for record labels like Warner Music Group and Triple Crown Records. During that time, he was also a music journalist whose writing and photography was in published in Alternative Press, Spin and other outlets. See full bio
Richard Laycock is Finder’s NYC-based lead editor & insights editor, spending the last decade data diving, writing and editing articles about all things personal finance. His musings can be found across the web including on NASDAQ, MoneyMag, Yahoo Finance and Travel Weekly. Richard studied Media at Macquarie University, including a semester abroad at The Missouri School of Journalism (MIZZOU). See full bio
As part of Finder’s October 2024 Cryptocurrency Prediction Report, we asked a panel of 28 experts who they thought was the most crypto friendly candidate.
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