Binance Coin (BNB) price prediction 2024
Get an expert outlook with our Binance Coin (BNB) price prediction, forecast and analysis report.
Disclaimer: This information should not be interpreted as an endorsement of cryptocurrency or any specific
provider, service or offering. It is not a recommendation to trade.
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 panellists 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 panellists 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.
Meet the experts
Dimitrios Salampasis
Dimitrios Salampasis
Prediction
$600Buy/sell/hold
SellsellBinance 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.
Andy LaPointe
Andy LaPointe
Prediction
$750Buy/sell/hold
Buyshopping_basketDespite 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.
Henry Robinson
Henry Robinson
Prediction
N/ABuy/sell/hold
Holdback_handBinance 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.
Mitesh Shah
Mitesh Shah
Prediction
$675Buy/sell/hold
N/A
Kadan Stadelmann
Kadan Stadelmann
Prediction
$800Buy/sell/hold
Buyshopping_basketBNB 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.
Shubham Munde
Shubham Munde
Prediction
$900Buy/sell/hold
Holdback_handN/A
Alexander Kuptsikevich
Alexander Kuptsikevich
Prediction
$700Buy/sell/hold
Buyshopping_basketBNB 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.
John Hawkins
John Hawkins
Prediction
$300Buy/sell/hold
SellsellBNB is vulnerable to the reputational risk from ongoing investigations by regulators of the Binance exchange.
Jeremy Eng Tuck Cheah
Jeremy Eng Tuck Cheah
Prediction
$500Buy/sell/hold
SellsellN/A
Nick Ranga
Nick Ranga
Prediction
$650Buy/sell/hold
Holdback_handN/A
Yacine Ouldchikh
Yacine Ouldchikh
Prediction
$800Buy/sell/hold
Buyshopping_basketN/A
Sathvik Vishwanath
Sathvik Vishwanath
Prediction
$1,000Buy/sell/hold
Buyshopping_basketBinance 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.
Desmond Marshall
Desmond Marshall
Prediction
$580Buy/sell/hold
Buyshopping_basketBNB 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.
Jeremy Britton
Jeremy Britton
Prediction
$750Buy/sell/hold
Buyshopping_basketBinance 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.
Ronen Cojocaru
Ronen Cojocaru
Prediction
$600Buy/sell/hold
SellsellN/A
Jonathan Hababou
Jonathan Hababou
Prediction
$900Buy/sell/hold
Buyshopping_basketN/A
Ruslan Lienkha
Ruslan Lienkha
Prediction
N/ABuy/sell/hold
Holdback_handN/A
Martin Froehler
Martin Froehler
Prediction
$1,000Buy/sell/hold
Holdback_handN/A
Gracy Chen
Gracy Chen
Prediction
$800Buy/sell/hold
Buyshopping_basketNo comment on BNB.
Nick Forster
Nick Forster
Prediction
N/ABuy/sell/hold
Holdback_handNo strong opinions.
Fred Schebesta
Fred Schebesta
Prediction
$650Buy/sell/hold
Buyshopping_basketN/A
Johnny Gabriele
Johnny Gabriele
Prediction
$00Buy/sell/hold
Holdback_handI don't have an opinion on BNB.
Ryan Grace
Ryan Grace
Prediction
$750Buy/sell/hold
N/A
Ramy Bekhiet
Ramy Bekhiet
Prediction
$700Buy/sell/hold
Holdback_handWonderful exchange.
Julian Hosp
Julian Hosp
Prediction
N/ABuy/sell/hold
Holdback_handReally depends on how Binance is doing.
Pedro Febrero
Pedro Febrero
Prediction
$2,000Buy/sell/hold
Holdback_handBNB 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.
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.
Don't invest unless you're prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more.
Estimated reading time: 2 min
Due to the potential for losses, the Financial Conduct Authority (FCA) considers this investment to be high risk.
What are the key risks?
1. You could lose all the money you invest
- The performance of most cryptoassets can be highly volatile, with their value dropping as quickly as it can rise. You should be prepared to lose all the money you invest in cryptoassets.
- The cryptoasset market is largely unregulated. There is a risk of losing money or any cryptoassets you purchase due to risks such as cyber-attacks, financial crime and firm failure.
2. You should not expect to be protected if something goes wrong
- The Financial Services Compensation Scheme (FSCS) doesn't protect this type of investment because it's not a 'specified investment' under the UK regulatory regime – in other words, this type of investment isn't recognised as the sort of investment that the FSCS can protect. Learn more by using the FSCS investment protection checker.
- The Financial Ombudsman Service (FOS) will not be able to consider complaints related to this firm or Protection from the Financial Ombudsman Service (FOS) does not cover poor investment performance. If you have a complaint against an FCA regulated firm, FOS may be able to consider it. Learn more about FOS protection here.
3. You may not be able to sell your investment when you want to
- There is no guarantee that investments in cryptoassets can be easily sold at any given time. The ability to sell a cryptoasset depends on various factors, including the supply and demand in the market at that time.
- Operational failings such as technology outages, cyber-attacks and comingling of funds could cause unwanted delay and you may be unable to sell your cryptoassets at the time you want.
4. Cryptoasset investments can be complex
- Investments in cryptoassets can be complex, making it difficult to understand the risks associated with the investment.
- You should do your own research before investing. If something sounds too good to be true, it probably is.
5. Don't put all your eggs in one basket
- Putting all your money into a single type of investment is risky. Spreading your money across different investments makes you less dependent on any one to do well.
- A good rule of thumb is not to invest more than 10% of your money in high-risk investments.
If you are interested in learning more about how to protect yourself, visit the FCA's website here.
For further information about cryptoassets, visit the FCA's website here.
More guides on Finder
-
Bitcoin halving: What is it and why is it important?
A Bitcoin halving is when the rewards for mining Bitcoin are cut in half. Find out more about this event including when and how often it happens, and what it means for Bitcoin’s value.
-
Bitcoin (BTC) price prediction October 2024
A panel of industry specialists give us their predictions on the price of Bitcoin to 2030.
-
NFT stats
The definitive ranking of the NFT adoption across 26 countries.
-
Ethereum (ETH) price prediction October 2024
A panel of industry specialists give us their predictions on the price of Ethereum to 2030.
-
How to invest in cryptocurrency
Learn how to get started investing in cryptocurrency, the methods available to you, and what to keep in mind before making your first purchase.
-
Cryptocurrency statistics: How many people invest in crypto in 2024?
Find out how many people in the UK own cryptocurrency, how this varies across age groups and other crypto statistics.
-
Finder Cryptocurrency Predictions Report 2024
Every three months, Finder consults a panel of industry specialists to get an expert view on what the future could hold for crypto. This is a summary of those findings.
-
Plutus card review 2024
Earn crypto cashback and perks when using the Plutus crypto debit card for your everyday spending – just be aware UK users can’t trade on the exchange.
-
BABB review
Can cryptocurrency be used to build a peer-to-peer bank for everyone? BABB is certainly trying, so we took a look at how it’s supposed to work.