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Binance Coin Price Prediction 2021 – Will BNB Price Crash or Rise?

Binance Price Prediction

The post Binance Coin Price Prediction 2021 – Will BNB Price Crash or Rise? appeared first on Coinpedia – Fintech & Cryptocurreny News Media| Crypto Guide

If you’re a newbie to the crypto market or Investing first time in Binance coin, first and foremost a question arises: what actually is Binance and who is the person behind it? Are you thinking to invest in Binance Coin? Let’s take a glance at Binance price prediction and it’s complete journey since inception. Also, …

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If you’re a newbie to the crypto market or Investing first time in Binance coin, first and foremost a question arises: what actually is Binance and who is the person behind it?

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Are you thinking to invest in Binance Coin? Let’s take a glance at Binance price prediction and it’s complete journey since inception. Also, find where the BNB Price is heading this year.

First let us peel the layers of some basic information about Binance.

Table of contents

Overview

Cryptocurrency Binance
Token BNB
Price $ 44.5400
Market cap $ 6,604,136,048.0000
Circulating Supply $ 147,883,948.0000
Trading Volume  $ 1,204,030,477.0000
All time high $ 46.8100     January 18, 2021
All time low $ 0.0398     October 19, 2017

What Is Binance Coin (BNB)?

Binance Coin (BNB) is the crypto coin of the Binance exchange platform. It was launched in the 2017 by CEO Changpeng Zhao with co-founder & CTO Roger Wang. The name Binance is a combination of binary and finance. In the year 2019, many businesses accept BNB as a payment.

Basically, the BNB token let’s you earn discounts on the services of the Binance exchange platform, which later becomes a decentralized exchange of blockchain assets. BNB also offers users with access to advanced features to be used on the new decentralized exchange.

Binance Coin (BNB) Technical Analysis

Binance coin entered the market on 25th July 2017 with the trading price of $0. Later on, the price started to improve and reached $3 at the end of August. With certain fluctuations BNB ended 2017 with the trading price of $8.

Further, in the month of January 2018 the winter price peaked to $23.25 , which is the highest price the coin reached till date. Well, this was most amazing phase for binance investors. 

Unfortunately, the tables turned and the graph stepped downwards. 

In Feb 2018, most of the crypto coins experienced a downtrend. Binance Coin was no exception. The price declined beneath to $6.12 in early February 2018.

However, this decline didn’t stay for long. Since February 6, 2018; BNB coin price has increased up to 200%. If this trajectory would have sustained, the price projection would be $20. Binance coin price continued to shine in late June 2018 with $16.71. Later, experiencing major roller coaster ride the price dropped to $4.34 in Dec 2018.

In comparison to other altcoins, BNB coin is certainly a huge outperformer. The price related highest since September 2018, which was known area of supply.

Binance continued to storm ahead breaking up above the $10 mark and retesting the 2019 highs. For those who suffered in the 2018 breakdown, 2019 year seemed to be a golden opportunity.

2020

As of January 2020, BNB was trading around $13. There was a gradual price progression which surged BNB to around $20 by the end of the month. However, as the bull market progressed, BNB broke the resistance at the $20 mark to set a new price record beyond the level. 

By the middle of February, the price had touched a record $25 and was ready to run towards $30 before the bear markets resumed by the end of the month.

Into the beginning of March, as the first quarter was coming to an end, a drastic price crash put the bears in charge and the price fell rapidly to new lows below $10. Trading at $8.9 as of late March, BNB ended the first quarter with a 3% loss. 

Sideways trading mixed with progressive uptrend has been the general market sentiment since the second quarter of the year. The price reached $18 by the end of April. Later on the price steadily started to rise and touched the $23 mark by the end of August.

Shockingly the price plunged to $19 by early September and further spiked to $31 in mid-September. As the expansion of Bitcoin’s price rally, BNB climbed to $32 by the end of November. With certain price swings, BNB traded at $37 during the end of December 2020.

BNB Price Prediction 2021

By following the bullish trend, BNB continued to trade at $37 at the start of 2021. It might reach $55 by the end of January. As the marketers concentrate on buying the Altcoins, BNB might hit the $62 mark by the end of June and the price might swing further. With certain fluctuations, the price may continue to be in the same range between $55 and $57 throughout the year. By the end of 2021, BNB might be traded at $61.05.

BNB Price Prediction 2022

BNB might start the year 2022 with a trading price of $61. It might trade at $59 at the end of January. On a bullish note, it is expected to reach $68 by mid-June and might continue to be at the consistent level for several months. Later on, the price may start to swing and might hit $63 at the end of November. It is expected that the price might trade at $66 by the end of 2022.

Binance Coin (BNB)  5 Years Price Prediction

In 5 years, BNB might continue to surge and it may break all its previous price records by touching the new height. Binance might introduce new features to its trading to enhance the minds of the investors to invest in BNB as it introduced some of the features like Asset Conversion, Cross Collateral, and Price Protection. In 5 years, BNB might reach the $100 mark.

BNB Market Prediction 

  • BNB Market Prediction 

Let us check what the market is thinking about Binance Coin.

  • WalletInvestor

According to WalletInvestor, the price of Binance could grow by $17.31% over the next year, hitting the values of over $40 by the middle of 2021. The price will remain consistently above to its current trading price.

  • DigitalCoinPrice

According to DigitalCoinPrice, BNB will soar to a staggering $86.24 by April 2021. The price will fall down to its yearly low of $64.45 in July, but come back stronger than ever by hitting $88.35 in September and finishing the year at a price of $79.12.

Our Prediction

Binance started the year 2021 with a continuation price of $37 which ended the trade of 2020. The price continued to grow as it initiated the year. With certain fluctuations, BNB might reach an average of $51.46 by the end of 2021. The price may increase if the company announces any new improvements. It might be a good investment for the future. BNB might hit $120 in the future.

FAQ

Is Binance Coin (BNB) Centralized, Decentralized or Semi-Centralized?

Binance Coin (BNB)’s governance is Centralized>hierarchical.

Is it profitable to invest in Binance Coin?

Yes. The long-term earning potential is +15.11% in one year.

Where do I buy Binance Coin?

There are many places to buy and exchange Binance Coin like coinbase , wazirX , Binance exchange and more.

Source: https://coinpedia.org/price-prediction/bnb-binance-coin-price-prediction/

Blockchain

Bitcoin Price Prediction: BTC/USD Nosedives Toward $45,500

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Bitcoin Price Prediction – May 15

According to the daily chart, the Bitcoin price loses traction after hitting $50,730; losses likely to continue in the near term.

BTC/USD Long-term Trend: Bearish (Daily Chart)

Key levels:

Resistance Levels: $55,000, $57,000, $59,000

Support Levels: $42,000, $40,000, $38,000

BTCUSD – Daily Chart

Looking at the daily chart, it can be easily seen that the market is back in the red zone as BTC/USD is posting losses of 5.27% on the day after touching the $50,730. It has an intraday high close to $51,000; although the world’s largest crypto faces a serious downtrend as it is currently trading at $47,265.19.

Bitcoin Price Prediction: BTC/USD May Return to Red Zone

Bitcoin price just plunged below $48,000 one more time, marking $47,250 as the current daily low at the moment. Does this mean that Bitcoin (BTC) is finally leaving the significant $48,000 level and searching for a new low? Nevertheless, looking at the declining daily volume candle, together with the steady movement below the 8-day and 21-day moving averages; it can be assumed that a serious bearish movement may be coming up soon into the market.

Moreover, at the time of writing, BTC/USD is struggling to maintain the $50,000 level and if the Bitcoin price follows the downward trend as the Relative Strength Index (14) moves into the oversold region, the next supports may likely come at $42,000, $40,000, and $38,000. From the upside, by maintaining the current level of $47,265 and any bullish movement could go above the 9-day and 21-day moving averages and send the price to the resistance levels of $55,000, $57,000, and $59,000 which could be well above the channel.

BTC/USD Medium-Term Trend: Bearish (4H Chart)

On the 4-Hour chart, BTC price hovers below the 9-day and 21-day moving averages around $48,446 which may take time to persistently trade above $50,000. In addition, if the bulls gather enough strength and regroup, the upward movement may be able to near the resistance level of $52,000 and above.

BTCUSD – 4 Hour Chart

However, on the downside, immediate support is around the $47,500 level while the main support is at the $47,000 level. The price may likely fall below $46,000 if the bears step back into the market, a further movement could reach the critical support at $45,000 and below. Technically, BTC/USD is still moving in sideways while the Relative Strength Index (14) moves around 35-level, indicating an indecisive market movement.

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://insidebitcoins.com/news/bitcoin-price-prediction-btc-usd-nosedives-toward-45500

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Blockchain

Dogecoin Has Fallen, but People Still Love It

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In the cryptocurrency space, it is usually considerably easier to focus on the negative than it is to look at the positive. As of late, Dogecoin is enduring some heavy suffering, with the fourth largest cryptocurrency by market cap falling as much as 20 percent in recent days, so for the most part, we are likely to see a lot of news coverage about this drop.

Dogecoin Is Still a Beloved Asset

However, despite this little setback, there is nothing to suggest that the currency has lost its appeal. The asset has reached a heavy pinnacle in a rather short amount of time, and the currency is doing better than it ever has largely because it has gotten heavy attention from the likes of Elon Musk and several other mainstream investors and businessmen, and the asset is almost as popular as BTC in many ways.

Billy Markus – the software engineer that helped establish the asset – acknowledges that this kind of attention is rather solid for Dogecoin, though he is confident that this is not the only reason behind its recent success. He says that the community surrounding Dogecoin has also contributed greatly to its growing status. In a recent interview, he comments:

The crypto community can be pretty elitist and not very inclusive, and we wanted to make a community that was more fun, lighthearted and inclusive. It worked, and that is why the Dogecoin community consistently maintains a presence.

He further added:

It is definitely absurd, but there is something pure about it, too.

The popular cryptocurrency was started in the year 2013 as a joke and was never meant to be taken seriously. Largely considered a “meme coin,” the currency took about two hours to create according to Markus, who was primarily looking to develop something that would make fun of cryptocurrency.

Often recognized for the cute little Shiba Inu dog that serves as its mascot, Dogecoin – Markus explains – has also become a big hit with people over the last year because of the growing coronavirus pandemic, which has caused heavy lockdowns and prevented many people from leaving their homes and living normal lives. He says that many people have been stuck sitting around watching their money remain stagnant, and Dogecoin trading has given them something to look forward to.

He states:

People have been suffering, stuck in their homes and struggling, seeing their dollar not go as far as it has previously.

It’s Brought Attention to the Market

Mike Bucella – a general partner at crypto investment firm Block Tower – says that where Dogecoin has really succeeded is in driving more attention to the crypto space. He claims:

Very few things have done as much to bring eyeballs and people into crypto. That is a crazy thing to say, but Dogecoin specifically has brought in the retail masses.

Tags: Billy Markus, dogecoin, Elon Musk Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://www.livebitcoinnews.com/dogecoin-has-fallen-but-people-still-love-it/

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Blockchain

Pollen: Simplifying decentralized finance and asset management

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One of the biggest names – and the pioneer — in the fast-growing decentralized finance ecosystem, Pollen leads the pack for investors who are seeking to maximize their digital portfolio and more.

A Decentralized Autonomous Organization (DAO), Pollen allows investors to “customize” their asset management preferences without the need to comply with a centralized decision-making process, giving them greater flexibility and authority.

Pollen is on a campaign to “rethink” asset management, reduce market risk, and create safety nets for market uncertainty. Its platform allows others to select, maintain and organize custom asset pools that are dynamically rebalanced and can be customized for a specific use.

Unlike in a centralized management system, where clients have limited options and control on how to manage their assets, Pollen’s decentralized system provides more choices and authority.

DeFi for the people

With Pollen, participants collectively have better control over their digital asset pools, either directly or by entrusting their voting authority. The DAO platform’s community-governed protocol gets rid of centralization points and enhances portfolio performance while generating a new yield-bearing asset class.

Pollen was created in the belief that portfolio management is better maintained by members who have a significant stake in the business, where decisions are clear and straightforward, and where all stakeholders have sovereignty and supervision.

Pollen’s platform is specifically conceptualized to maintain its decentralized appeal by setting in place reputation-based governance and incentivized liquidity infrastructure.

Its platform’s capabilities allow people to deploy a custom governance model that enables others to launch their own asset indexes. Custom asset indexes can be deployed for specific use cases like Synthetics or NFT Indexes.

Pollen has an impressive track record in DeFi and blockchain. It is DeFi by the people and for the people.

 

Image courtesy of Pollen DAO/YouTube Screenshot

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://bitcoinerx.com/blockchain/pollen-simplifying-decentralized-finance-and-asset-management/

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