Binance Coin (BNB) is the token that fuels all operations on Binance exchange. Binance Coin was created in 2017, runs natively on the Ethereum Blockchain, which comes with a high level of stability in the market. In the past three months, BNB's value has tripled itself, turning it to be the hottest coin in the market currently. The current value of Binance coin is around 15 U.S Dollar. Binance is the largest digital asset exchange when it comes to the trading volume. The coin is currently showing the best performance in the crypto market and is holding the seventh spot as per CoinMarketCap.
Currently, Binance Coin (BNB) is trading at $20.6161 with BNB price 4.38% down today. The market cap of Binance Coin is USD 3,206,560,246 with 155,536,713 BNB circulating currently. The 24-hour price movement chart indicates that $203,128,231 worth of BNB was trading. The price peaked to $21.5100 in the last 24 hours while the lowest price was $19.7700. (BNB Price today). You can check BNB price prediction tomorrow here. Binance coin price prediction for this month might show some positive growth. BNB/USD forecast for this year is mentioned below.
As we know, Binance Coin is one of the hottest coins with high potential to grow exponentially, let us check what the prediction sites have got to say about BNB price prediction 2020:
Coin Fan is known for its optimistic and bullish prediction. They have predicted that BNB might reach $390.815 by 2020 end.
Crypto Ground believes that the value of BNB might depreciate in the coming months and might go down to $6.4202 and in 5 years time frame, BNB might reach $28.1705.
Trading Beasts also have given a considerably pessimistic and bearish prediction, where they believe BNB might reach $26.92 by 2020 end.
There are plans of Binance chain mainnet this year with Binance DEX as the main service that will run on top of it. The BNB blockchain would be governed by dPoS consensus of 11 nodes that will reach “decentralization” through pBFT, similarly to NEO blockchain. Even there are good plans of the Binance coin swapping from the Ethereum blockchain and finally move to the mainnet after launching DEX which has happened some days back. Binance Coin will play an integral role in the new blockchain and decentralized exchange and can be used to pay for exchange fees, which will allow investors to receive a discount on the cost of their trade. By 2020 end, BNB might reach $35.
There are plans of BNB having partnerships in two projects in Brazil by gathering 20,000 USD in crypto loans from more than 50 investors. Moeda co-founder Yu said Moeda has plans of partnering with Binance and expand the platform to around 200 projects receiving an average of $25,000 each by 2020. Binance coin has great support and is so promising that its adoption rate would increase manifold. It might be known as the top 5 cryptocurrencies by marketcap, by 2020. Binance coin is expected to reach $35 by 2020 end. (BNB Price Prediction 2020)
Binance Coin (BNB) price prediction suggests that the price of BNB is up for a long-term 487.470763%in the BNB price value with a 5-year investment time frame. This means that by 2023, the BNB price is forecasted to stand at $89.7.
Binance coin (BNB) is a digital currency issued by the most famous cryptocurrency exchange Binance. BNB is used by users to pay the fees levied by Binance exchange for using the services which are not limited to exchange fees, trading fees and listing fees. Additionally, Like any other cryptocurrency, BNB can also be traded on supported cryptocurrency exchanges.
Binance Coin BNB has already been used for paying for the transaction fees that various exchanges impose upon the users. Ahead of this, the coin is looking at some further brighter possibilities. With its popularity, it is soon to be the favorite medium of crypto exchanges that are seeking to issue initial coin offering ICO. This will indeed help startups to get listed on a famous platform such as Binance. Currently, it is one of the most liquid exchanges that boasts 1 billion trading volume of 24 hours basis.
1 Binance Coin (BNB) is equivalent to $20.6161 as of September 12, 2019.
Binance Coin is one of the cryptocurrencies, which grew so fast, hence there are many market enthusiasts, who are optimistic about the coin. On top of that, it is the world's largest crypto exchange- Binance's host coin.
CoinSwitch.co is the world’s largest cryptocurrency exchange aggregator which supports 300+ coins and over 45,000+ pairs. It provides an easier way of trading through global exchanges like Binance, KuCoin, IDEX, Huobi, Ethfinex, HitBTC and Cryptopia without creating an account on them. If you are interested in buying cryptos, do give it a try!