A panel of crypto industry experts “sees a fairly bright future ahead” for Binance coin, predicting bnb to rise to $781 by 2025 and $1,814 by the end of 2030. One expert explained that “Since the bnb chain ecosystem continues to grow, the price may reach as high as $3,000 in 2030.”
BNB’s Price Predictions
The price prediction for binance coins (BNB), as provided by Price Comparison Portal Finder, was updated Monday. The company explained that earlier this month, it surveyed a “panel of 54 industry specialists to give their predictions on binance coin’s price between now and 2030.”
Finder detailed:
We believe Binance coin (BNB), will have a value of $274 by 2022 and then rise to $781 by 2025, according to our panel.
The panel also expects binance coin’s price to continue to grow, “surging to $1,814 by the end of 2030.”
BNB trades at $265.71 as of the writing date, an increase of 3.4% and 14.5% respectively, according to data from Bitcoin.com Markets. Binance coin is the world’s fifth-largest cryptocurrency by market capitalization.
Ben Ritchie, the managing director of Digital Capital Management and one of the experts on the panel, “is bullish on BNB, expecting the coin’s value to hit $300 by the end of the year,” Finder noted.
“The price of BNB also follows the demand and supply. BNB introduced a burn mechanism in every transaction fee and conducted quarterly burns, making it a deflationary asset,” Ritchie described. “BNB Chain also plans to support a layer 2 chain within the network, which can be helpful in the future as they may suffer the same gas fees issues as Ethereum.” He elaborated:
As the BNB network chain ecosystem grows, it is possible that the price will reach $3,000 in 2030.
A question was also put to the experts asking if now is the right time for binance coin purchases, sales, and holdings. The Finder pointed out:
While the panel sees a fairly bright future ahead for BNB, just 20% say it’s time to buy. The majority (50%) of the panel say it’s worth holding onto your BNB, with a further 30% advising sell.
It includes representatives from universities, executives in crypto exchanges and crypto research analysts as well as executives of other companies that offer crypto-related products.
Finder’s experts also recently made predictions about several other cryptocurrencies, including bitcoin (BTC), ether (ETH), cardano (ADA), and solana (SOL). In May, the experts predicted that the death of meme cryptocurrency shiba imu (SHIB), was imminent.
What do you think about the expert panel’s Binance coin (BNB) predictions? Please leave your comments below.
Image creditShutterstock. Pixabay. Wiki Commons
DisclaimerInformational: This article is not intended to be a solicitation or offer to sell or buy any product, service, or company. Bitcoin.com doesn’t offer investment, tax or legal advice. This article does not contain any information, products, or advice that can be used to cause or alleged result in any kind of damage.