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.

If you want to invest in BNB quickly and easily, check out eToro Exchange!

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

Tokyo: Cryptocurrencies fell Friday after Japan-based digital exchange Coincheck suspended client deposits and withdrawals for virtual currencies except bitcoin.

NEM, the 10th biggest cryptocurrency by market capitalisation, plunged more than 16% in the past 24 hours, according to CoinMarketCap.com. Bitcoin was down 4.75% to $10,748.20, ripple slid nearly 9% and ethereum was 2.35% lower.

We have suspended the deposit, withdrawal, buying and selling of NEM. We’re sorry for causing you great inconvenience and making you worry," Coincheck said in a series of tweets announcing it had suspended trading for all cryptocurrencies apart from bitcoin.

“Currently we’re suspending the buying and selling of altcoin (alternative currencies) except for BTC (bitcoin). We’re sorry to cause you great inconvenience. Thank you for your understanding," it said in another tweet.

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Cryptocurrencies fall after Japan’s Coincheck suspends trading

Coincheck did not elaborate on what had prompted it to suspend trading but said it was preparing an announcement. Photo: AFP
1 min read . 26 Jan 2018
AFP
Coincheck said in a series of tweets that it had suspended trading for all cryptocurrencies apart from bitcoin

Tokyo: Cryptocurrencies fell Friday after Japan-based digital exchange Coincheck suspended client deposits and withdrawals for virtual currencies except bitcoin.

NEM, the 10th biggest cryptocurrency by market capitalisation, plunged more than 16% in the past 24 hours, according to CoinMarketCap.com. Bitcoin was down 4.75% to $10,748.20, ripple slid nearly 9% and ethereum was 2.35% lower.


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“We have suspended the deposit, withdrawal, buying and selling of NEM. We’re sorry for causing you great inconvenience and making you worry," Coincheck said in a series of tweets announcing it had suspended trading for all cryptocurrencies apart from bitcoin.

“Currently we’re suspending the buying and selling of altcoin (alternative currencies) except for BTC (bitcoin). We’re sorry to cause you great inconvenience. Thank you for your understanding," it said in another tweet.


Coincheck did not elaborate on what had prompted it to suspend trading but said it was preparing an announcement.

According to its website, which proclaims it is “the leading bitcoin and cryptocurrency exchange in Asia", Tokyo-based Coincheck was founded in 2012 and had 71 employees as of July last year.

In 2014 major Tokyo-based bitcoin exchange MtGox collapsed after admitting that 850,000 coins—worth around $480 million at the time—had disappeared from its vaults.

Bitcoin is recognized as legal tender in Japan and nearly one third of global bitcoin transactions in December were denominated in yen, according to specialist website jpbitcoin.com.


More info: https://www.livemint.com/Money/DPCITfU3brGB62DkjK5Z2H/Cryptocurrencies-fall-after-Japans-Coincheck-suspends-tradi.html?facet=amp

According to Deutsche Bank the current money system is fragile. Deutsche Bank sees that by 2030 digital currencies will rise to over 200 million users. In the “Imagine 2030” report, Deutsche Bank suggests that digital currency could eventually replace cash one day, as demand for anonymity and a more decentralized means of payment grows.

Ilias Louis Hatzis is the Founder at Mercato Blockchain Corporation AG and a weekly columnist at DailyFintech.com

Usually this time of year, we start to read price predictions about Bitcoin going to a million bucks a coin. I’ve never been a big fan of price predictions. Some get them right, and most get them wrong. Price predictions are about short term gains, that are usually very fickle.

But a week ago, I read an interesting prediction in the news. Deutsche Bank made a very bold statement. The German bank published a research report called Imagine 2030. In this report the bank says that cryptocurrencies are currently just additions to the current money payment system. However, in the next decade they could be replacements.

Deutsche Bank predicts that the number of cryptocurrency users will grow 4x in the next ten years, reaching 200 million. This growth is almost same as that of Internet in its first 20 years.

The parallels between the Internet and crypto are stunning. Until Mosaic, the Internet was publicly funded and primarily used an academic setting. But enlightened policymakers decided to legalize commercial activity on the Internet. While, the Internet’s commercial use started with most people and businesses not knowing how to connect or use the Internet, the rails were put in place that would eventually change the future of everything.

The breakout years of simplified usage and huge user growth are not far away. The talent is abundant, the capital is here and the conditions like economic inclusion and freedom are ripe.

But, for all this to happen, there is one big uncertain x-factor. How will governments approach cryptocurrencies? For Deutsche Bank’s prediction to come true, we need enlightened policymakers that will legitimize cryptocurrencies. The report states: “First, they must become legitimate in the eyes of governments and regulators”. Very, true!

Crypto regulation could be just around the corner. As regulatory hurdles are surmounted, cryptocurrencies may become legitimate substitutes for fiat currency. Many governments will not sit by and lose control of the money supply without a vicious fight. Libra and other stablecoins may ultimately provide the road map to more widespread adoption, with stronger oversight by government regulators.

What’s even more remarkable about the report is a section that’s entitled “The end of fiat money?” That’s pretty wild, when you consider that this report comes from a huge global bank. What people in the cryptocurrency community have known for a while, banks are starting to realize now. But that’s good news!

More info: https://www.finyear.com/Is-Cryptocurrency-the-Future-of-Money_a41914.html

Altcoin refers to any cryptocurrency other than Bitcoin. In 2017, altcoins primarily included Bitcoin competitors such as Litecoin and Dogecoin and pump-and-dump schemes with fancy modern websites.

Now, with the explosion of decentralized finance (DeFi) and the mainstream acceptance of smart contracts, the best altcoins belong to the best projects and companies in the blockchain space.

Blockchain companies issue their own cryptocurrency tokens and make those tokens a requirement to interact with their platforms. If a platform adds value and people want to use it, they will need to purchase their respective token, driving up the price of the asset.

Take a look at our top altcoin picks for 2021. They include a few of the most promising ideas in the blockchain space today.

The Best Altcoins Right Now
The modern market for altcoins continues to expand. The rise of smart contracts and new DeFi products have continued to weaken Bitcoin’s cryptocurrency market cap dominance, which currently sits around 60% compared to its 2017 highs above 85%.

Check out a list of the most promising altcoins and DeFi projects in the crypto space.

Ethereum, a smart contract platform for creating decentralized apps (DApps), was created by Vitalik Buterin in 2013 and comes with its own programming language, Solidity. To run your Solidity smart contracts on Ethereum’s blockchain, you pay a network gas fee in Ethereum’s token, Ether.

Ethereum laid the foundation for what is now known as decentralized finance (DeFi). Ethereum’s early success has led to a large portion of the DeFi space relying on Ethereum’s blockchain.

As Ethereum converts to version 2.0 over the coming year, fees will decrease dramatically and a whole host of new DApps will get their chance to shine.

The ticket to ride on the Ethereum blockchain is the Ether token (ETH), which is becoming more useful each day.

More info: https://www.benzinga.com/money/best-alt-coins/

You’re not the only one! Bitcoin has been one of the best investments you could have made in the last 5 years. People are still using it to make a lot of money, in many different ways.

In this guide, I will teach you the history of Bitcoin, the future of it, and how to understand what goes into its price prediction. We will look at predictions for different years, including the Bitcoin price prediction 2021. I will answer the questions that are on everybody’s minds, like “will Bitcoin crash?” and “why is Bitcoin rising?”.

Understanding how to predict and invest is the first step to building a successful portfolio. However, with all investments, there are risks involved. So, you should always speak to a financial advisor before making any major decisions - whether it be investing in Bitcoin, or utilizing a crypto exchange platform in order to buy some cryptocurrencies, in general.

Note: Your portfolio is made up of your investments. For example, if you were to invest in Bitcoin, Ethereum and Litecoin, then those coins are in your portfolio.
Bitcoin's Roots
Before starting to predict bitcoin projections, let's go back a little to the basics. I assume, as you are reading this guide, you must have heard of Bitcoin. Bitcoin is the world’s first digital currency, and it has been very popular over the last year! A lot of people have made large profits by buying Bitcoin at a low price and then selling it for a high price.

When you go to shops, you can either use paper money to buy items, or you can pay using your bank card. Whenever you use your bank card to make a payment, the money is taken from the bank account balance.

Bitcoin is very similar to that, except you are unable to receive it in its paper note form (like US Dollars). It is a peer-to-peer currency, meaning that there are no banks involved.

All Bitcoin transactions are electronic — you can use it to buy and sell things online, and also in a few selected retail stores. Not only that, but there are now Bitcoin ATMs that can turn your Bitcoin into your local currency.

Some Cool Facts About Bitcoin:

Bitcoin was established in 2009 by Satoshi Nakamoto;
Nobody knows who Satoshi Nakamoto is — this is one of the biggest mysteries about Bitcoin;
Satoshi Nakamoto wanted to create a currency that did not rely on the current banking system;
There are only 21 million Bitcoins that can be created.
Let's move on and discuss the actual operation processes of Bitcoin.

How Does Bitcoin Operate?
One more thing to discuss before actually going to the Bitcoin price prediction is the way that Bitcoin operates. Every single Bitcoin transaction takes place on the Bitcoin blockchain. A blockchain is a piece of technology that protects Bitcoin and its users by keeping them safe from hackers.

It is powered by a network of computers, which are often called “nodes”. These nodes work together to verify every Bitcoin transaction that takes place.

In simple terms, when someone sends a Bitcoin to another person, one node on the blockchain network will verify the transaction using a mathematical equation. The transaction is then placed on the blockchain network.

The “nodes” that help operate the blockchain network are rewarded for their contribution. When a node verifies transactions, they receive Bitcoin for their efforts. This is a process that is called “mining”.

More info: https://www.bitdegree.org/crypto/tutorials/bitcoin-price-prediction

Vitalik and Gavin Wood recently did a Digix fireside chat on Ethereum 2.0 and Polkadot.

As someone who contributes to both ecosystems, I found the following discourse to be clear and concise, in terms of how to navigate true intention vs speculation in existing communities.

We should get a third party, i.e. Digix to promote this content more. The talk had a small audience, adn they didn’t do much followup ensuring this material gets more widely shared.

Here’s a very rough transcript of the original discourse:


Is there a common ground between Polkadot and Ethereum? What do the projects represent in the ecosystem?
Gavin: Projects with tokens will inevitably attract attention & speculation around competition.

You are resource constrained. You want to put resources into the project that generates the most profit. But the competition [between the two platforms] is entirely only in this regard. An analogy for this train of thought is that you can either choose to buy Microsoft stock or IBMV stock.

In reality, there’s very little direct competition in terms of the product.

Polkadot is interested in being a meta protocol, with a lower level abstraction than Ethereum, i.e. smart contract level.

Polkadot pushes out different goals. Those goal are around chain upgradability, governance, interactivity. Polkadot wants to facilitate interactions that are much more about say, off-chain on-chain cooperation than interactions in a smart contract.

Vitalik: I generally agree with a lot of that. Polkadot tests out very different technical and economic hypotheses. There are big differences in terms of relationships between protocol and applications and what expectations applications have at the protocol level. 

More info: https://hackmd.io/@0TOBpaKkSieExetSaifRTA/rJpr5NbkS

Hobby Bitcoin mining can still be fun and even profitable if you have cheap electricity and get the best and most efficient Bitcoin mining hardware.

Bitcoin mining is competitive. It’s not ideal for the average person to mine since China’s cheap electricity has allowed it to dominate the mining market. If you want bitcoins then you are better off buying bitcoins.

What is an ASIC Bitcoin Miner?

Since it’s now impossible to profitably mine Bitcoin with your computer, you’ll need specialized hardware called ASICs.

Here’s what an ASIC miner looks like up close:

Originally, Bitcoin’s creator intended for Bitcoin to be mined on CPUs (your laptop or desktop computer). However, Bitcoin miners discovered they could get more hashing power from graphic cards. Graphic cards were then surpassed by ASICs (Application Specific Integrated Circuits).

Think of a Bitcoin ASIC as specialized Bitcoin mining computers, Bitcoin mining machines, or “bitcoin generators”.

Nowadays all serious Bitcoin mining is performed on dedicated Bitcoin mining hardware ASICs, usually in thermally-regulated data-centers with low-cost electricity.

Don’t Get Confused
There is Bitcoin mining hardware, which mines bitcoins.

There are also Bitcoin hardware wallets like the Ledger Nano X, which secure bitcoins.

Also:

Quick Tip
**Mining Bitcoin is NOT the best way to get bitcoins. Buying Bitcoin is.**
Mining is not the fastest way to get bitcoins.

Buying bitcoin with a debit card is the fastest way.

To buy bitcoin in your country, check our country guides:

More info: https://www.buybitcoinworldwide.com/mining/hardware/

Ethereum’s technology is creating exceptionally exciting new developments in the practical uses of cryptocurrency in everyday life. The primary value provided by Ethereum is the ability to create decentralized applications, which allows users to connect with 1 another without relying on a middleman to facilitate the transaction.

If you own a smartphone, you’re probably familiar with the concept of applications or apps. Applications are programs that serve a singular purpose — from banking to sending messages, there are thousands of uses for applications.

The vast majority of applications on the internet right now are “centralized” applications. Centralized applications are controlled by a singular party, which means that they provide a single point of failure. This makes centralized applications very susceptible to hacks, data leaks and misuses of customer and user data.

The Ethereum network enables decentralized applications. Instead of a single authority responsible for maintaining all client data and funneling transactions and connections through itself, the Ethereum network is made up of thousands of volunteers’ computers all around the world. With no singular point of entry, decentralized applications are significantly more difficult to hack or abuse. Users’ personal information also stays directly on their computers, which makes transactions performed through a decentralized application more secure.

Like Bitcoin, Ethereum verifies transactions on its network using blockchain technology. The blockchain is a public ledger that is impossible to edit, which prevents users from “double spending” on the Ethereum network. To reward operators who facilitate transactions on the Ethereum network, node operators and miners can earn Ethereum’s token, Ether.

Ether acts as “fuel” for applications on the decentralized network. If a user on the Ethereum network wants to change a decentralized application or initiate an action, they must pay a small amount of Ether to “gas” the transaction. This gives Ether an inherent value to everyone using decentralized applications on the Ethereum network.


More info: https://www.benzinga.com/money/how-to-make-money-with-ethereum/