Why is BNB going up so much?
BNB Smart Chain is seeing increased activity
BNB has a maximum supply of 200 million; however, a burn mechanism means that millions of $BNB are removed from circulation every quarter. At the peak of the bull market in 2021, BNB had a market capitalisation of over $100 billion, and it traded hands for $684.
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.
Can BNB reach $10,000? Binance coin would need to gain 3158.18% to reach $10,000.
With the overall market recovery, the BNB coin price crosses beyond the $500 psychological mark and signals a new breakout trend for Binance. Moreover, as the crypto trading volume is back on a rising trend, the demand for Binance is significantly increasing.
The index includes top tokens like $SOL, $ETH, and $WBTC- all of which are expected to see considerable gains in 2024 - making this a fantastic DeFi platform primed to explode throughout the year.
1. Dogeverse – A Multi-Chain Doge Token Expected to Boom in 2024. Dogeverse ($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.
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.
| 24h Range | $526.69 – $554.61 |
|---|---|
| 7d Range | $519.20 – $625.18 |
| All-Time High | $686.31 20.8% May 10, 2021 (almost 3 years) |
| All-Time Low | $0.03982 1365144.6% Oct 19, 2017 (over 6 years) |
According to your price prediction input for BNB, the value of BNB may increase by +5% and reach $ 763.83 by 2030.
Where will BNB be in 5 years?
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.
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.
The price of 1 NewGold token could rise to $10,000 to about $100,000 in the coming BullRun.
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.
| Year | Minimum Price | Average Price |
|---|---|---|
| 2030 | $5.36 | $5.55 |
| 2031 | $8.27 | $8.54 |
| 2032 | $11.48 | $11.82 |
| 2033 | $16.26 | $16.85 |
| 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 |
For Dogecoin's price to skyrocket, demand would need to outpace rising supply. That's a tall task. In my view, then, there are no fundamental reasons to be long-term bullish about Dogecoin. In fact, it's very unlikely the token will rise 600% to reach $1 by 2030.
| Coin | Market Capitalization | Current Price |
|---|---|---|
| Bitcoin (BTC) | $1.3 trillion | $66,268 |
| Ethereum (ETH) | $385.74 billion | $3,171 |
| Tether (USDT) | $108.78 billion | $1.00 |
| Binance Coin (BNB) | $82.03 billion | $607.93 |
Dogecoin ($DOGE)
The current market cap of Dogecoin is approximately $26.32 billion, with a trading price of around $0.1833. Should Dogecoin achieve the $1 value, its market cap would soar to $144.6 billion, positioning it as the third-largest cryptocurrency, just behind Bitcoin and Ethereum.
- Ethereum (ETH-USD): Even with its relatively high price ETH has 5x upside.
- XRP (XRP-USD): XRP is free legally and remains the top cross-border transaction token.
- Cardano (ADA-USD): Strong fundamentals and low price are the prime factors for Cardano.
What is the cheapest cryptocurrency that will explode?
- Hedera (HBAR) Hedera Hashgraph (HBAR) stands out in the blockchain technology space due to its unique hash graph consensus mechanism that promises high throughput, low fees, and minimal energy consumption. ...
- Pepe (PEPE) ...
- BitTorrent [NEW] (BTT) ...
- eCash (XEC)
Cryptocurrencies are incredibly volatile and not for all investors. Decide if they fit your risk tolerance before diving in. Bitcoin and Ether are in a league of their own as the two best cryptocurrencies to buy. Four more speculative cryptos are worth a look, each with their own defining characteristics.
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.
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.
BNB price could revisit the Range High at $633.50 if there is sustained buying pressure from traders. The Relative Strength Index (RSI) is at 70.71, meaning that BNB is currently at overbought or overvalued levels. This supports the thesis that BNB price could fall further.
