Will Binance reach $10000 in 2023, 2025, and 2030?
BNB Binance Price Prediction 2023 is $551.305
Will Binance reach $10000? Yes, Binance can reach $10000 under certain circumstances
Latest Price of Binance Coin
Binance Coin Price Prediction: Performance Chart
- Last 1 Month:-3.8%
- Last 3 Months: +2.8%
- Last 1 Year: -40.1%
Technical analysis (Weekly)
- RSI: Neutral
- Stoch RSI: Sell
- MACD: Sell
- Moving Averages: Buy
- Overall: Moderate Sell
The Binance Coin Price Prediction 2023: Is it a Good Investment?
The Binance blockchain is home to BNB, a crypto asset. Changpeng Zhao founded the company in 2017.
Its network includes the Binance Chain, Binance Smart Chain, Binance Academy, Trust Wallet, and many research projects that use blockchain technology to bring new-age finance to the world.
- Binance blockchain empowers entrepreneurs and helps in developing several projects, and communities
- Eg: Lifeform, Magicsquare, Tatsu, Meritcircle, etc.
- Binance Chain is used to develop Crypto wallets. One such development is Trust Wallet built on the Binance chain.
Since its launch, BNB has expanded its use it is now used to perform several tasks on different platforms.
- Trading: Binance Coin can be used as a trading pair on the Binance exchange, allowing users to trade it for other cryptocurrencies.
- Discounts on trading fees: Holding Binance Coin and using it to pay for trading fees on the Binance exchange provides users with a discount on their fees. The discount rate decreases every year and is currently at 25% in 2022.
- Payments: BNB tokens can be used for payments that include credit card payments on multiple sites or BNB-supporting sites.
- Sites like crypto.com, Monetha, etc. accept BNB tokens as a medium of payment.
- Uplive is one such platform that sells virtual gifts for BNB tokens to its user base.
- BNB tokens can also be used to make travel bookings. Sites such as TravelbyBit, Trip.io, etc. accept BNB tokens for making a booking on their website.
- Some of the online services offering platforms like BitTorrent, Canva, Storm, etc. accepts BNB token as a mode of payment.
- BNB tokens can also be used for Financial Services. Binance coin is supported by a VISA debit card of Monaco.
- Investments: Binance Launchpad is a platform for new projects to raise funds by issuing their own tokens and it only accepts Binance Coins for participation.
- Binance coins can also be used to make investments. Using BNB tokens one can invest in certain ICOs listed through the Binance launchpad.
- DeFi: Users can lend their Binance Coin to other users and earn interest on their assets.
- BNB is used as collateral for loans on specific platforms.
- Binance Coin can be used as collateral in decentralized finance protocols, or to earn interest through lending and borrowing platforms.
- Binance savings is an option for users to deposit their assets and earn a fixed interest rate.
- Staking: Users can stake their Binance Coin and earn a return in the form of an additional Binance Coin. This is possible with Binance’s Smart Chain, a network of blockchains built to offer similar functionalities as Ethereum.
Binance Investment Case
To lead you in the right direction, here are some of the main reasons you might decide to buy Binance Coin
- Since its launch in 2017, Binance Coin has risen 14100% over the last 5 years
- It is one of the few tokens that lost less than half of its value in 2022. Most tokens lost more than half of their value
- Binance has an active and ongoing Burn program (Auto Burn)
Overall, Binance appears to be a moderate Investment Case