Binance, one of the biggest coin exchanges in the world right now, came to life in 2017. Binance Coin(BNB) represents a native token of one of the most significant exchanges in the market, Binance platform. As such, this token comes with a high level of stability in the market as well as with several trading perks. BNB has been prized as the ideal currency to lead investors from the shadowed corners of the altcoin market, and into the light of positive returns. The coin had its place in the spotlight for the past few weeks as the BNB/BTC pair was doing well and even hit an all-time high value.
Binance Coin Price Prediction
The BNB coin has consistently grown surpassing many coins as Binance gets more customers on the platform. The ability of the currency to remain stable even in adverse conditions was one of the perks which assisted in its growth. As the entire market tripped below the $300 billion marks in the last few months, BNB saw its price soar by 36% in the same period. This downturn in the market was horrible even for the giants of the crypto world. This is where the stability of BNB came to use as the coin was not affected as much as the other cryptos. Analysts have foretold that the cost of the digital currency will grow to $18.10 by the end of this year. They also forecasted that the price of Binance coin might hit the $30 mark by the close of 2019. Based on the review of the present rate of the digital currency, they have also prophesied that by 2020, the value of BNB could grow to $44.21.
Binance Coin Price Prediction
Binance Coin can be a profitable investment option. Binance Coin price equal to 10.418 USD at 2018-10-09. If you buy Binance Coin for 100 dollars today, you will get a total of 9.599 BNB. Based on our forecasts, a long-term increase is expected, the price prognosis for 2023-10-02 is 51.450 US Dollars. With a 5-year investment, the revenue is supposed to be around +390.18%. Your current $100 investment may be up to $490.18 in 2022. Binance Coin price today is $10.418 and have the market cap value $1,232,010,966. The current supply is 117,443,301 BNB, and the volume sits at $31,291,168.
Binance Partners With Libra Credit To Offer Loans To BNB Holders
The newest venture by the investment arm of the world’s biggest cryptocurrency exchange, Binance, will take benefit of increasing demand for the liquidity of crypto-assets. Binance Labs is a social impact fund which nurtures and finances in cryptocurrency and blockchain projects. Libra Credit is stamped as a decentralized digital asset financial services platform, and it has a prime focus on lending. Its initial coin offering (ICO) with the coin (LBA) stopped on May 5, 2018, having raised $26 million. Libra is proposing to launch both a desktop lending platform and a mobile app for borrowers.
Binance Coin (BNB) offers the best opportunity to invest in 2018
Binance is the biggest cryptocurrency exchange in the world with daily trade volumes moving close to $2 billion with over 100 pairs to trade in. BNB was introduced by the Binance development company as the exchange’s token of choice back in mid-2017. The BNB coin has consistently risen to prominent heights as Binance gets more clients on the platform. Unlike Coinbase and other fiat trading cryptocurrency exchanges, Binance exchange is not crippled with increased KYC/AML restrictions allowing it to add coins at its pleasure. With Binance increasing in size and customer base, BNB will be the real casualty as more customers obtain the currency to decrease fees while trading on the platform.
Future Predictions for BNB
With the recent partnerships and the developments in the coin, our predictors have stated that BNB is a coin that is having plenty of potentials. If the coin trades in this pace, there will be a massive breakthrough for the coin and it will be at a better position on the market. We hope that better days and weeks are waiting ahead for this coin. So if you are planning to spend on this crypto, by the coins now when it is cheap. Because there will be positive returns for the long haul.
Disclaimer: This feature should not be exercised as, and is not designed to provide, investment advice. Coinpriceprediction and its affiliates, employees, and writers give the information about the coin with careful analysis. Please conduct your thorough study before funding in any crypto.