The cryptocurrency market is trying to heal its wounds after the crash. The leading crypto Bitcoin (BTC) has again tested above $ 24 thousand. Binance Coin (BNB) was the most successful altcoin project in the top 10 in terms of daily performance. However, is it possible to reach $400 by the end of August? What are the predictions of the crypto community on this?
BNB price prediction end of August: $360.91
The cryptocurrency market has mainly managed to turn green after breaking the $1 trillion level again. As you follow on Kriptokoin.com, Bitcoin is trading just under $24,000. The leading altcoin Ethereum (ETH) is trying to hold above $ 1.7 thousand. BNB, the native token of Binance, one of the largest crypto exchanges in the world, is the best performing altcoin in the top 10. Crypto investors and traders are trying to predict where BNB will be by the end of August this year.
The voter community at CoinMarketCap cast their votes using the ‘Price Predictions’ feature of the Website. The community made bullish predictions that on August 31, 2022, the price of BNB would average $ 360.91. The following estimate is the result of 1,888 community member votes used at press time. That’s $76.61 more than the current value of the decentralized finance (DeFi) asset. So, it represents an increase of 26.95%.
Crypto community BNB price prediction Aug 31 / Source: CoinMarketCapLong-term forecasts for altcoin
In terms of end-September projections, the community is even more optimistic than in August. The community estimates that the average price of BNB on September 30 will be $384.06. This means a gain of 35.09%, or +$99.77, compared to the current price of the asset.
On the other hand, regarding the end of 2022, the panel of 54 fintech industry experts in Finder predicts that BNB will close the year with $274, which is even lower than its current price.
BNB price forecasts for 2022, 2025 and 2030 / Source: FinderBNB price analysis
At press time, Binance Coin is trading at $297, up 7.66% on the day, according to data from CoinMarketCap. In addition, the altcoin registered an increase of 13.42% compared to seven days ago. However, BNB is 57% off from its all-time high of $690.
BNB 7-day price chart / Source: CoinMarketCapAlso, according to the data, the entire market cap of BNB at press time is $48 billion. This makes it the fifth largest crypto asset by this indicator.
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