Binance Coin Price Predictions: How Much Will BNB Be Worth In 2021 And Beyond? W

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On the hunt for Binance Coin predictions? Or have you been struggling to answer the question ‘is BNB a good investment?’ Read on. Find out the top Binance Coin BNB Price prediction forecast for 2021 and beyond and discover how much BNB could be worth in 2021-2025.

The market-wide bull run that gathered speed in December 2020 has sent the price of most major cryptocurrencies soaring. But although the media may be consumed with the performance of Bitcoin, one of the most exciting developments has got to be the ERC-20 token Binance Coin (BNB).

In an impressive market take-over, BNB has elbowed its way past the competition to become the world’s third-largest cryptocurrency. Back in December 2020, it was the 10th largest — which means it has outstripped big names such as Tether, Ripple XRP, and Litecoin to nab its spot. It’s the first time that Tether has been knocked from its perch in years. So, with such a staggering bull run under its belt, what could be next for Binance Coin?

In this article, we’re revisiting the top investment analysts to see what they believe is in store for the price of BNB. At the time of writing, this cryptocurrency has a price of $236.92 and a market capitalization of $38.25B. We’ll be examining whether this record-breaking performance is likely to continue in 2021-2025, attempting to answer the question ‘is Binance Coin a good investment?’

As you can probably guess from the name, Binance Coin is issued by the popular Chinese cryptocurrency exchange, Binance. A portmanteau of ‘binary’ and ‘finance’, Binance trades around $5,184,160,910 in a typical 24-hour period and is the biggest crypto exchange in the world. Part of its success is thanks to its in-house matching engine that matches users who are looking to buy and sell the same asset simultaneously.

Read on to discover some of the key Binance Coin BNB price predictions for 2021 and beyond.

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What Is Binance Coin (BNB)?
As we mentioned in the introduction, Binance Coin is a digital asset that’s launched and issued by the Binance exchange. Users can pay their Binance fees in BNB and even receive discounts for doing so. (These discounts are valid for four years and halve in value every year: 50% in the first year, 25% in the second, 12.5% in the third, and 6.25% in the fourth).

Paying fees is the primary purpose of Binance Coin, although it can also be spent in a variety of online and physical stores around the world. Another key use case for BNB is to invest it in Initial Coin Offerings (ICOs) that have been founded as part of Binance’s Launchpad program. This is essentially a start-up launcher, exclusively for new digital assets that can be traded on the Binance exchange.

Binance Coin is also one of the major exchange tokens on Binance. Because the Binance platform doesn’t support fiat currencies, users can only trade between different cryptos. BNB acts as a relatively consistent in-house asset that can be easily traded and held if an investor doesn’t wish to purchase a new digital currency.


More info: https://trading-education.com/binance-coin-price-prediction-forecast