A panel of crypto industry experts “sees a pretty bright future” for altcoin project Binance Coin. He predicts BNB will rise to $781 by 2025 and $1,814 by the end of 2030. Here are the details…
Bullish prospect for popular altcoin BNB
Price comparison portal Finder updated its Binance Coin (BNB) price predictions on Monday. The company announced earlier this month that it surveyed “a panel of 54 industry experts to give their forecasts for the price of Binance Coin between now and 2030.” Our panel thinks that Binance coin (BNB) will be worth $274 by the end of 2022 before rising to $781 by 2025.
The panel also expects the price of Binance Coin to continue to grow, “up to $1,814 by the end of 2030.” Binance Coin is the world’s fifth largest cryptocurrency by market capitalization. “BNB is bullish and expects the coin value to reach $300 by the end of the year,” said Ben Ritchie, managing director of Finder, Digital Capital Management and one of the panel experts. Ritchie uses the following expressions:
The price of BNB also follows supply and demand. BNB has introduced a burn mechanism to every transaction fee. It did a quarterly incineration, making it a deflationary entity. BNB Chain also plans to support a layer 2 chain within the network. This could also be helpful as they may face the same gas fee issues as Ethereum in the future.
BNB Chain ecosystem continues to grow
As the BNB Chain ecosystem continues to grow, the price could go up to $3,000 in 2030. Experts were also asked if now is the time to buy, sell or hold Binance Coin. Finder noted:
While the panel sees a pretty bright future for BNB, only 20 percent say it’s time to buy. The majority (50 percent) of the panel say it’s worth holding on to your BNB and recommend selling 30 percent more.
The panel includes university administrators, crypto exchange managers, crypto research analysts, and executives of various firms with crypto-related products. Finder’s experts also recently made predictions on many other cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), Cardano (ADA) and Solana (SOL).
7691
