BNB Price Prediction 2023. Should I buy BNB?

How much BNB will be worth in 2023? To find out, dive into our complete BNB price prediction for year 2023 and beyond! BNB price, technical indicators, and exchanges.

This year has been a tough sail for BNB since May 2022, when the Terra/Luna implosion caused a cascade of bankruptcies, layoffs, and liquidations. Subsequently, the chain of unfortunate market and geopolitical events like the Russian invasion of Ukraine, U.S. inflation, and 3AC and Celsius insolvency, has also contributed to the downward pressure on the price of BNB.

With the recent massive downfall of the crypto market caused by FTX contagion, is it possible for BNB to reclaim its all-time high in 2023? Continue with the article to learn about BNB price analysis and prediction by Coinpaper.

Read also: Did Bitcoin Bottom Already?

What is BNB?

Binance Coin (BNB) is the native coin of the Binance Chain, a blockchain developed and operated by the cryptocurrency exchange Binance. BNB is mainly used to pay discounted transaction fees on Binance and also functions as utility token on Binance Chain. Its additional functionality includes Binance’s Initial Exchange Offerings lottery allocation, VIP tiers for whale holders, and crypto dust conversion.

BNB (BNB) price

Currently, BNB Price is USD. BNB has a circulating supply of coins and a total supply of . If you are looking to buy or sell BNB, Binance is currently the most active exchange.

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BNB price prediction 2023

The current market sentiment is full of fear, uncertainty, and doubt (commonly known by the acronym FUD), as fears of FTX contagion mount. At the moment, it’s difficult to assess exactly how much damage has FTX collapse has done to the crypto industry, since some affected crypto companies may be already secretly insolvent due to highly leveraged positions, as we have seen in the aftermath of Terra's implosion.

According to our estimates, it will take months for the full scale of FTX bankruptcy to become clear, so the turning point for the crypto market won’t come before late Q1 to early Q2 2023, although for now, it seems that the industry has absorbed most of the damage.

Another market factor that should be taken into consideration is how successful will be the U.S. Federal Reserve’s efforts to curb inflation. For now, there is reason to believe that Fed is making some progress in its attempts to cool the overheating economy — on November 30, Federal Reserve Chair Jerome Powell announced it’s time to slow the pace of coming rate hikes, which immediately triggered a positive reaction from both crypto and equity markets.

Given the above information, one can easily guess that there will be a considerable divergence between bullish and bearish BNB 2023 price predictions due to multiple unknown factors. For this reason, we estimate that the bullish scenario will see BNB price at $328 to $390. On the flip side, a fading interest in the new meme coin may push the price of BNB to $260-$234 lows.

BNB price prediction 2024

In 2024, the global macroeconomic backdrop is likely to be more favorable to the crypto market, adding value to BNB (BNB) and other cryptos. However, the possibility of black swan events similar to the collapse of FTX cannot be completely ignored.

Keeping this in mind, we foresee the price of BNB to climb as high as $414, with the more distant prospect of reaching $443 in 2024. The bearish scenario is likely to see BNB (BNB) trading between $385 and $333 in 2024.

BNB price prediction 2025

Since it’s practically impossible to foresee what market factors will influence cryptocurrency prices in 2025, this part of our BNB (BNB) price analysis and prediction is based on pure speculation and observation of BNB historical price movements.

Our BNB 2025 price forecast expects BNB to rally towards $498 and reach $546 by the end of the year. The bearish scenario would see BNB at $446 to $418.

BNB (BNB) price prediction 2026

Looking ahead four years, to 2026, Coinpaper's price prediction for BNB is neutral. In 2026, we expect BNB to reach at least $611 before climbing higher to $683. In case of a bearish scenario, BNB may fall to $528.

Is BNB (BNB) a good investment?

Binance Coin (BNB) is a popular cryptocurrency with established market presence and substantial backing from Binance, the world’s biggest crypto exchange. Since Binance Coin functions as the native token powering the Binance Chain and makes users eligible for trading fee discounts, many view it as an attractive investment. However, as with any cryptocurrency, there is no guarantee of gains and investors should always do their own research and be aware of the risks associated with investing in BNB.

Bottom line

Are you ready to invest in BNB? Very few if any analysts forecast its value going down to zero, although you can’t be sure these days, so make sure you always do your own research before making investment decisions. And keep in mind that cryptocurrency prices can be extremely volatile, so trading crypto always involves a high degree of risk.

You can buy BNB from many crypto exchanges, including Binance

Disclaimer: Coinpaper does not recommend that any cryptocurrency should be bought, sold, or held by you. Always conduct your own research and consult your financial advisor before investing in any digital asset.


Who created BNB?

BNB was initially created through ICO as a part of the Binance exchange by Changpeng Zhao and He Yi in July 2017.

What was the all-time high for BNB (BNB) ?

The all-time high price of BNB is $ on 2021-05-10