What is the coin security coin (BNB)? BNB price forecast – 2022, 2025, 2030!
What is the coin security coin (BNB)? In terms of daily trading volume, KingSecurity is the largest cryptocurrency exchange in the world. Its own currency, BNB, lost a third of its value along with the rest of the cryptocurrency market. BNB is generally one of the five largest currency and token markets by market value. However, BNB prices have fallen due to the sharp negative shift in the cryptocurrency market. Is the future target price of currency reasonable? Let's take a look at the recent currency security price forecast to help you decide whether to buy, hold or dispose of currency.
What is the coin security coin (BNB)?
The coin security ecosystem, including the cryptocurrency exchange, has a local token named BNB.
China's legal crypto exchange OKCoin was co founded by CEO Zhao Changpeng (also known as CZ), Bloomberg tradebook futures development director, blockchain development director and co-founder He Yi in 2014. Roger Wang, the company's chief technology officer and a former employee of Nomura Securities and Morgan Stanley, is also a co-founder of OKCoin.
The concept of dual finance is the basis of the name "currency security". The Ecosystem of Coin Security transcends the Exchange, including the blockchain initiative Coin Security Chain, Coin Security Smart Chain (BSC), Coin Security College, trust wallet, Coin Security Research and Coin Security Launch Pad.
BNB tokens are used to make digital payments on BSC, participate in token sales and pay transaction fees. Exchange users who use BNB to pay transaction fees will save 10% to 25%. According to the transaction volume, Coin Ann will burn coins every quarter to reduce the number of BNBs.
The quarterly coin burning of Coin An will continue until 100 million BNB, or 50% of the supply, has been destroyed. The 19th BNB fire destroyed 1.8 million BNBs, worth about 741 million dollars. Another 1.95 million BNB coins, worth about 629 million dollars at the time of writing this report, are expected to be burned on the 20th anniversary.
At first, the coin security currency was a token of Ethereum blockchain ERC-20. However, the business has introduced its own blockchain, the coin security chain, which uses the Tenderment Byzantine Fault Tolerant (BFT) consensus algorithm.
BSC was launched in September 2020 as a secondary chain running smart contract based applications. Unlike Ethereum, BSC is not designed to support smart contracts. This has become increasingly important due to the rise of irreplaceable coins and decentralized finance (DeFi) applications.
Fundamental analysis of BNB
In 2017, one of the largest cryptocurrency exchanges in China launched a public utility token called Coin on Money (BNB). This launch is part of Zhao Changpeng's strategy. He created the currency and the exchange itself. His goal is to increase the currency security ecosystem, which also requires the introduction of wallets and the creation of some open educational materials.
In order to reduce transaction costs, BNB first issued through the Initial Coin Issue (ICO) on the Ethereum network. However, with the development of the system, the operation of the coin security has changed: after the transfer to the coin security chain, BNB has become the main method to promote the network, as the transaction cost, including the transaction cost of the coin security index; As this is a popular way to pay for goods and services in the Coin Security partner network, BNB is used as a digital currency; The only access to the selected ieo created on the coin security platform named Launchpad is another use case of coin security currency; Coin security smart chain is a chain compatible with smart contracts and supported by BNB cryptocurrency. Due to deflation, the number of coin security coins is decreasing, and the value and scarcity of coins are rising. In order to achieve this goal, Jin'an will burn some BNB in circulation every quarter.
BNB technical analysis
According to the technical analysis of Coin An coins, the price of BNB has been following the downward triangle pattern since the middle of last year. Finally, BNB's price experienced a classic bullish breakthrough and is expected to return to the recent barrier later.
Another encouraging sign is that BNB prices are above the moving average and trading activity is healthy, which supports this. Therefore, if the trend continues and the price of the currency is higher than the first resistance, the next important area to focus on may be around 430 dollars; The reaction of BNB price to this line may verify or refute the long-term forecast.
BNB current price
How much is the coin worth at present? $260.46. BNB has moved - 4.81%, and the transaction volume has reached $883700901 in the past 24 hours. The current ranking of the currency is 705, with a market value of $41666852429.
Using the relative strength index (RSI), moving weighted average (MWA), Williams fractal and moving average convergence divergence (MACD) in the above figure, we can determine the price pattern of the coin (BNB) to determine whether it is bullish or bearish this year.
BNB price forecast
At the time of writing, the short-term outlook for BNB prices is still being calculated. On the other hand, the price forecasting model is quite pessimistic about the long-term price prospect of BNB. According to the algorithm, the price of BNB may fluctuate. This is the BNB prediction model:
The price forecast data is provided by the
Forecast of BNB price in 2022
According to some people, the coin is one of the most surprising cryptocurrencies of this year (BNB). BNB's price forecast for 2022 is expected to rise significantly in the second half of this year, possibly reaching $390.69.
Like other cryptocurrencies, growth will be gradual, but not expected to decline significantly. The average price of $364.65in is quite ambitious, but considering the expected cooperation and progress, it is feasible in the near future. A minimum BNB of $312.55 is expected.
Forecast of BNB price in 2023
In 2023, the BNB price forecast of coin security will have a lot of room for expansion. Due to the potential announcement of many new partnerships and initiatives, we expect BNB's price to soon exceed $651.15. However, before placing any bullish bets, we should wait to see whether BNB's relative strength index is out of the oversold area.
Considering the market fluctuation, BNB will trade at the lowest trading price of $520.92. The average trading price is $573.02.
Forecast of BNB price in 2024
If this upward trend continues until 2024, it may reach $911.62BNB, which may be profitable. If the market experiences a decline, the goal may not be achieved. BNB is expected to trade at an average price of $833.48 and a low price of $781.39 in 2024.
Forecast of BNB price in 2025
If the coin security successfully improves the market sentiment of cryptocurrency enthusiasts, the price of BNB coins may remain stable in the next five years.
According to our prediction, BNB will become green in 2025. It is expected that BNB will reach and exceed the highest level in history in 2025. By 2025, the virtual currency will be worth $1172.08, with a minimum price of $1041.85 and an average price of $1093.94.
Forecast of BNB price in 2026
After some extensive forecasts and technical analysis, we estimate that the BNB price is expected to exceed the average price level of $1354.40 by 2026, with a minimum price of $1302.31 by the end of the year. In addition, the highest price value of BNB is $1432.54.
Forecast of BNB price in 2027
Due to the expected future partnerships in 2027, we expect the bull market trend to continue, with an average price of about $1614.86. If BNB tries to break through the resistance level in 2027, we can see that the highest price is $1693.00. Failure to obtain the support required by BNB before 2027 may result in $1562.77.
Forecast of BNB price in 2028
Although BNB is trying to achieve interoperability between networks to accelerate interaction, it is expected that the optimistic trend of last year will continue. Therefore, the lowest transaction price is set at $1823.23 and close to the above annual price of $1953.46 in 2028.
Forecast of BNB price in 2029
By 2029, the coin will eventually exceed its previous ATH value and set a new price level. The lowest price can be $2083.70 and may reach the highest price of $2213.93, averaging $2135.79.
Forecast of BNB price in 2030
As we all know, the cryptocurrency market is very unstable, which is one of the reasons why price forecasting is very difficult. Bitcoin Wisdom does its best to accurately predict future price points, but all forecasts should not be considered as financial advice. You should DYOR (do your own research). By 2030, we expect cryptocurrencies to be adopted in many areas. Therefore, the highest BNB price in 2030 is expected to be $2552.53. If there is a bull market, the average price level is $2448.34.
For now, BNB is a worthwhile investment, because it is hiring heavily during the cryptocurrency bear market, while other crypto companies are not. They are laying off staff. It is worth noting that major brands and other business giants are conducting business at BNB to recognize its unique model.