BINANCE COIN PREDICTIONS PROFESSIONAL

If Binance continues to maintain this percentage of global trade volume, then BNB may be worth holding. Tommy Honan, head of commercial operations at Swyftx, pointed out that 'BNB is the native currency of Binance exchange which currently accounts for more than 60% of global trade volume in the crypto markets.' The more use cases BNB has, the more the token should be worth - at least theoretically. Vishwanath shared that the BNB token can also be used for 'staking and participation in token sales on the Binance Launchpad.' Sathvik Vishwanath, CEO and founder of Unocoin Technologies Pvt Ltd, added to the list of use cases for the BNB token. He also mentions that the fact that Binance burns some BNB tokens every quarter is another beneficial dimension of the asset's tokenomics. Ritchie also points out that as more and more people use BNB for transactions on Binance and BNB Chain, the price should continue to rise. 'BNB Coin's value is closely tied to the adoption of Binance's centralized exchange and BNB Chain.' 'Assuming macroeconomic challenges ease and market liquidity stabilizes, BNB Coin's price may appreciate significantly,' claims Ben Ritchie, director of Digital Capital Management AU. Some panelists were more optimistic, though. Ruadhan O, creator of Seasonal Tokens, also thinks that BNB's price will be affected by 'aggressive actions by US regulators'' and added that these actions 'may effectively exclude Binance from the US market over the coming years.' O also believes that 'it's very likely that new exchanges will appear over the next seven years that will take market share from Binance,' which would likely negatively impact the price of BNB. John Hawkins, senior lecturer at the University of Canberra, sees eye-to-eye with Salampasis and believes that the regulatory scrutiny Binance is facing 'could hurt the price of its token.' 'Binance is currently under substantial scrutiny from regulators,' says Dimitrios Salampasis, Director of FinTech Capability and senior lecturer for fintech innovation and entrepreneurship at Swinburne University of Technology. Many of our panelists aren't so optimistic about the price of BNB because of the enforcement actions that the US Commodity Futures Trading Commission (CFTC) is taking against Binance. In the July 2022 survey, our panelists felt BNB would hit US$781 by 2025 - 40% higher than the April 2023 prediction average - and US$1,814 by 2030 - 88% higher than the April 2023 prediction average. These expectations were dampened as compared to our July 2022 survey. Our panelists feel BNB will hit a price of US$337 by the end of 2023.Īnd they expect the price of BNB to rise to US$558 by year-end 2025 and US$966 by year-end 2030. All prices mentioned in this report are in US dollars. Finder or the author may own cryptocurrency discussed on this page.įinder asked a panel of 32 fintech specialists in April 2023 about their price predictions for Binance Coin (BNB) over the next decade.įind out how much they think BNB will be worth by the end of 2023, 20.

BINANCE COIN PREDICTIONS PROFESSIONAL

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Binance coin predictions