BNB Price Analysis
About BNB
Binance Coin is the cryptocurrency of the Binance platform. It is a trading platform exclusively for cryptocurrencies. The name "Binance" is a combination of binary and finance. Thus, the startup name shows that only cryptocurrencies can be traded against each other. It is not possible to trade crypto currencies against Fiat. The platform achieved an enormous success within a very short time and is focused on worldwide market with Malta headquarters. The cryptocurrency currently has a daily trading volume of 1.5 billion - 2 billion US dollars and is still increasing. In total, there will only be 200 million BNBs. Binance uses the ERC20 token standard from Ethereum and has distributed it as follow: 50% sold on ICO, 40% to the team and 10% to Angel investors. The coin can be used to pay fees on Binance. These include trading fees, transaction fees, listing fees and others. Binance gives you a huge discount when fees are paid in BNB. The schedule of BNB fees discount is as follow: In the first year, 50% discount on all fees, second year 25% discount, third year 12.5% discount, fourth year 6.75 % discount, and from the fifth year onwards there is no discount. This structure is used to incentivize users to buy BNB and do trades within Binance. Binance announced in a buyback plan that it would buy back up to 100 million BNB in Q1 2018. The coins are then burned. This means that they are devaluated to increase the value of the remaining coins. This benefits investors. In the future, the cryptocurrency will remain an asset on the trading platform and will be used as gas. Other tokens that are issued by exchanges include Bibox Token, OKB, Huobi Token, and more.
Market Overview
From a broader market perspective, BNB boasts a robust position with a market capitalization of $138.35B and a circulating supply nearing 139186779.18. The token has recorded healthy 24-hour trading volume at $3.11B, showing strong liquidity. Despite this, short-term sentiment appears cautious, as reflected by the negative 24-hour price change of -1.96%, compounded by the current fear and greed index showing a value of 23 and falling into the Extreme Fear category. This reveals lingering investor anxiety. Yet, the asset's fundamentals and significant trading activity continue to underpin market confidence over the longer term.
Technical Analysis
BNB currently displays a dynamic technical landscape, with price action positioned at $993.93. The 7-day simple moving average has been trending upward, signaling short-term bullish momentum, while the 30-day SMA is in a slight downward direction, suggesting moments of corrective consolidation. Meanwhile, both the 90-day and 200-day SMAs reflect sustained upward trajectories, reinforcing a supportive long-term structure for BNB. The 24-hour volatility at 0.15% highlights considerable price swings, which could attract both risk-tolerant traders and speculators. Collectively, these indicators suggest a market in flux, but buoyed by underlying positive momentum.
Future Price Predictions
| Year | Year High | Year Low |
|---|---|---|
| 2026 | $1,450 | $720 |
| 2027 | $1,800 | $850 |
| 2028 | $2,150 | $900 |
| 2029 | $2,500 | $1,100 |
| 2030 | $3,150 | $1,400 |
Expert Prediction
Analysts are closely watching BNB as it navigates through a blend of short-term fluctuations and longer-term upward pressure. The prevailing fear index at 23 reveals a climate of hesitation, yet such conditions often precede pivotal trend reversals. With average hourly volumes trending at $585.70K and the 200-day SMA on an upward path, BNB stands well-positioned to weather near-term volatility. The groundwork laid by previous bullish stretches suggests BNB could soon retest key resistance levels, provided sentiment recovers and volumes remain consistent.
| Volume (24h) | $3.11B |
| Current Supply | 139.19M |
| Market Dominance | 0.00% |
| Circulating Supply | 139.19M |
| Volatility (24h) | 15.40% |
| Fear & Greed | 23 (Extreme Fear) |
Other Price Predictions
