Why did BNB skyrocket?
BNB price surge may have been partly influenced by overall market gains. However, there are other factors fueling BNB recent price increase. BNB's rally has been supported by increased activity on the BNB Chain, the blockchain underpinning Binance's ecosystem.
BNB's crypto market dominance rebound
BNB's price gains today further coincide with its rising crypto market dominance, indicating a growth in capital inflows to its market compared to its rivaling assets. As of April 12, the BNB Dominance Index (BNB.
As the biggest crypto exchange and one of the fastest growing blockchains, demand for BNB is skyrocketing. Binance is aggressively expanding into new markets. As Binance enters new countries, the pool of potential BNB users increases exponentially. More users means more BNB being locked up, driving the price up.
Can BNB reach $10,000? Binance coin would need to gain 3158.18% to reach $10,000. According to Binance Coin prediction algorithm, Binance Coin will hit $10,000 in April 2044🤨.
However, the altcoin did manage to reach the $500 mark. But by the looks of it, BNB will be stopped short in its path before it can revisit that milestone. The BNB price rise did not impress its investors as other altcoins did, resulting in BNB holders losing optimism.
BNB Price Prediction Summary
BNB is priced at $308.30, down 1.78% in the last 24 hours. The price is down 55.25% from its all-time high (ATH) of $690.93 in 2021. In 2023, BNB dropped 23% due to Binance being sued by the SEC. Our BNB price prediction forecasts an average price of $620 by the end of 2030.
You can participate in IEO if you have BNB tokens, so each such project provokes a demand for Binance Coin. Will Binance Coin reach $1,000? Binance Coin would need to gain 221.13% to reach $1,000. According to our Binance Coin prediction algorithm, Binance Coin will hit $1,000 in May 2024.
Positive Performance History: BNB has shown impressive performance in the past, experiencing significant growth during bullish market phases. Although past performance does not guarantee future results, it does indicate the coin's potential as an investment option.
Taking an entry position now is risky as the markets have more to react to negative news. In conclusion, it is advised to buy the dips on Binance Coin and accumulate the token at its lows. It allows buying BNB at discounted prices and could deliver returns when the SEC lawsuit is settled.
What crypto will explode in 2024?
Five DeFi platforms primed to explode in 2024
Scotty the AI ($SCOTTY): A newly emerging AI-based platform with a seamless DEX. Jupiter Perpetuals Liquidity Token ($JLP) : The LP token for the Jupiter DEX. Uniswap ($UNI): The king of DEXs on Ethereum. Aave ($AAVE): A DeFi borrowing and lending platform.
1. Dogeverse – A Multi-Chain Doge Token Expected to Boom in 2024. Dogeverse ($DOGEVERSE) is a multi-chain doge-based token. With the ability to “hop” between different networks, eager investors can purchase $DOGEVERSE on six major blockchains, from Ethereum, BNB Chain, and Polygon to Solana, Avalanche, and Base.
Therefore, our XRP price prediction forecasts a price of $1.80 by the end of 2024. Depending on the lawsuit's outcome and crypto market conditions, it could go much higher, potentially reaching $3.10.
Ethereum (ETH) Price Prediction 2030
According to your price prediction input for Ethereum, the value of ETH may increase by +5% and reach $ 4,222.16 by 2030.
Cryptos that could boom in 2024 include SingularityNET and Fetch.ai, both of which may capitalize on the popularity of AI. Bitcoin is another crypto that could be poised for a strong performance in 2024, thanks to the SEC's approval of Bitcoin ETFs.
| Year | Minimum Price | Average Price |
|---|---|---|
| 2031 | $1,103,061.68 | $1,133,978.59 |
| 2032 | $1,651,129.87 | $1,696,488.33 |
| 2033 | $2,404,164.56 | $2,488,989.08 |
| 2040 | $3,484,583.51 | $3,683,703.59 |
- Bitcoin (BTC) Market cap: $1 trillion. ...
- Ethereum (ETH) Market cap: $385.4 billion. ...
- Binance Coin (BNB) Market cap: $88.1 billion. ...
- Solana (SOL) Market cap: $69.1 billion. ...
- XRP (XRP) Market cap: $29.5 billion. ...
- Dogecoin (DOGE) Market cap: $23.2 billion. ...
- Toncoin (TON) ...
- Cardano (ADA)
| Year | Price |
|---|---|
| 2025 | $ 0.165816 |
| 2026 | $ 0.174107 |
| 2027 | $ 0.182812 |
| 2030 | $ 0.211628 |
How Many BNB Are There in Circulation? There is an initial maximum supply of 200,000,000 BNB coins, of which 168,137,036 are currently in circulation as of September 2021. Binance conducts quarterly burning of the BNB supply, with the goal of reducing the total supply by half — or 100,000,000 BNB.
In the previous 24 hours, BNB has experienced a decrease of 1.2%, reflecting a modest bearish sentiment within the market. Nonetheless, the overarching sentiment for the long term remains optimistic, with projections suggesting that BNB could potentially achieve a value of $530 by the end of 2023.
Is BNB a long term investment?
Long-term projections for 2027-2031 remain optimistic, with an exponential growth potentially pushing BNB value over $2,200 by 2030.
| Year | Minimum Price | Average Price |
|---|---|---|
| 2032 | $11.48 | $11.82 |
| 2033 | $16.26 | $16.85 |
| 2040 | $280.10 | $305.20 |
| 2050 | $389.92 | $407.61 |
Bitcoin price prediction for 2050
According to the calculation, Bitcoin's price could increase to $5,411,000 by 2050 and grow by more than +10,980% over the next 27 years. Bitcoin could become a multi-million dollar asset by 2050.
Making predictions for such a long period of time is very difficult, especially when it comes to highly volatile assets like Ethereum. For example, if we assume that Ethereum will continue its 3-year compounded annual growth rate (CAGR) of 16.45%, 1 ETH will be worth $186,237 by 2050.
