Binance Coin Forecast until 2030

The Binance Coin (BNB) first came onto the market in 2017 as part of an Initial Coin Offering (ICO) and has since been able to achieve a remarkable development. However, a considerable part of the 200 million coins has since been Bitcoin Supersplit burnt in several phases, as the founders wanted to encourage a rapid price increase in this way.

The plan worked and there is no denying that the Binance Coin, built using the ERC20 token standard, is now one of the most interesting altcoins.

Like Bitcoin and other coins, it is considered a means of payment, but it is also the native coin of the cryptocurrency exchange Binance. So far, the price development looks good and many investors are therefore wondering how the Binance Coin will develop until 2030. I would like to answer this question in this article.

Current Binance Coin valuation

Before you consider the Binance Coin as an investment, you should first get an overview to better assess the opportunities and risks of the cryptocurrency. Basically, there is no denying that the Binance Coin has great potential, which can be seen in the price development alone.

While the altcoin was still trading at 0.1 cents per coin during the ICO, one BNB is now worth over 270 US dollars. It can also be said that the Binance Coin is not one of the riskiest investments in the field, despite the high volatility that is common among cryptocurrencies.

This is due, among other things, to the fact that the operating status is stable and the coin is generally convincing from a technical point of view. Another aspect that must be credited to the Binance Coin is the usefulness of the cryptocurrency. Unlike some other altcoins, it is demonstrably a digital currency that is used for different purposes. Besides being used on the cryptocurrency exchange Binance, the BNB is also used for salaries, credit card payments, travel expenses and virtual gifts.

In addition, the team behind the Binance Coin is striving to design further usage scenarios to make the altcoin a fully-fledged means of payment. Not to mention the various burnings, collaborations and updates. All these efforts are an indication that the Binance Coin will play a role in the world of cryptocurrencies for a long time to come.

Since this view is shared by experts all over the world, you can consider investing in BNB in principle. However, you must be aware that the risk is above average, unlike most other forms of investment, but this also applies to the potential return.

Bitcoin ist wieder sehr nahe an neuen Allzeithochs, aber es kann einige Zeit dauern, bis die letzte Hürde überwunden ist.

Der Preis von Bitcoin ( BTC ) hat diese Woche bisher keine neuen Allzeithochs über 60.000 US-Dollar erreicht

Nach dem Ausbruch über 58.000 USD negative Nachrichten aus Indien sowie allgemeine makroökonomische Schwäche und der sich erholende US-Dollar scheint die Rallye gestoppt zu haben.

Dies führte am 16. März zu einem Rückgang in Richtung 53.000 USD. Ein solcher Schritt ist normal, da sich die Bullenmärkte normalerweise in Wellen bewegen. Mit anderen Worten, der Markt wird ein neues Gleichgewicht zwischen Käufern und Verkäufern finden, wonach er entscheiden wird, wohin er als nächstes gehen soll.

Insgesamt befand sich der Markt in einem deutlichen Aufwärtstrend, da der Preis von Bitcoin Hero in nur sechs Monaten von 11.000 USD auf 60.000 USD gestiegen ist.

Bitcoin kann 60.000 US-Dollar nicht brechen

Das Vier-Stunden-Diagramm zeigt eine offensichtliche Unterstützung bei 53.000 USD, die erneut gehalten wurde. Die anschließende Fortsetzung nach oben ist auf dem Vier-Stunden-Chart von Bitcoin zu sehen.

Diese Fortsetzung nach oben stieß dann auf den nächsten großen Widerstand bei 58.800 bis 60.000 USD. Dies ist die letzte wichtige Widerstandsstufe, bevor die nächste Impulswelle in Richtung 68.000 USD eintreten kann.

Der Preis von Bitcoin konnte diese Widerstandszone jedoch gestern nicht durchbrechen, was ihn in Richtung seiner vorherigen Spanne zurückgedrängt hat. Der obere Bereich dieses Bereichs liegt zwischen 58.800 und 60.000 US-Dollar, während der untere Unterstützungsbereich zwischen 54.000 und 55.000 US-Dollar und 53.000 US-Dollar liegt.

Der Druck wird wahrscheinlich zunehmen, was zu einem Ausbruch nach oben führt, solange der Preis von Bitcoin in diesem Bereich bleibt.

BTC / USD bleiben im täglichen Zeitrahmen optimistisch

Der Tages-Chart für BTC / USD zeigt einen starken Aufwärtstrend, der seit sechs Monaten der Fall ist. Dies wurde durch höhere Tiefs und höhere Hochs bestätigt. Da das jüngste Tief bei 42.000 USD lag, bedeutet ein Preis über diesem Niveau, dass der Bullenmarkt nicht in Gefahr ist.

Andererseits zeigt der relative Stärkeindikator (RSI) eine rückläufige Divergenz, wenn auch immer noch ungültig. Die bärische Divergenz wird gültig, sobald frühere Widerstandszonen wieder zu Widerständen werden, und was noch wichtiger ist, sobald der Preis für Bitcoin beginnt, niedrigere Tiefststände zu erreichen.

Daher ist die 50.000-Dollar-Region ein entscheidender Bereich, den man beobachten sollte, da dies die neue Region mit höherem Tiefstand werden sollte. Selbst wenn 50.000 US-Dollar verloren gehen, liegt der letzte Anker der Unterstützung bei 42.000 US-Dollar und dem 21-Wochen-MA.

Solange diese Regionen bestehen, sollte sich der Aufwärtstrend fortsetzen. Dies sollte den Preis von Bitcoin auf 68.000 US-Dollar bringen, da dies das nächste Fibonacci-Level ist, das es zu beobachten gilt.

This David versus Goliath story is currently turning Wall Street upside down: An army of Reddit users has been causing a price explosion for the ailing company Gamestop for days. It bankrupts large hedge funds; it makes individuals very rich.

If you still want to get in, you can now do so via Bitcoin thanks to FTX – and also against the GME rate

Last spring, Gamestop (GME) stock wasn’t even worth $ 3. The gaming company behind it has been stumbling for years, missed the connection to online business and invested money incorrectly. On January 4th, a good three weeks ago, the share was worth just under 18 US dollars and had gained around 500 percent in ten months. Very few could have guessed that this was just the beginning. However, a group of users of the anonymous social network Bitcoin Future platform tried everything to ensure that the price of the ailing company continues to rise. In the meantime it stood at 482.85 US dollars (high January 28), so it has gained over 15,000 percent. In less than a year. But how did that happen?

In any case, the price explosion is not due to good news from the company, for one year one bad news has followed the next, first hundreds of branches are closed here, then millions in losses are announced there. The online magazine Slate established the latest bull markettherefore not with the “greatest comeback story in the history of the free market economy”. Rather, the development is „symptomatic of financial life in 2021“. The development of the Gamestop share is representative of the “democratization of financial trading” and the “power of the gigantic online communities”. What the latter are capable of was only seen a few weeks ago in the storming of the Capitol in Washington DC, when Trump supporters and conspiracy mythics stormed the barricades waving QAnon and Pepe-the-Frog flags.

Gamestop: Reddit vs. Wall Street

Now, a particularly popular branch of the large online community Reddit has taken on Wall Street’s hedge funds. In particular, users of the 4.3 million strong subreddit r / wallstreetbets agreed to beat institutional investors at their own gun (and make a fortune on the side). The Reddit user u / Player896 had the idea last September. In r / wallstreetbets he published his seven-part plan: “Driving institutional investors to ruin for dummies – using Gamestop”. He had found that the Gamestop stock had enormous short positions on the part of institutional investors. If he and his Reddit network managed to get the stock up a little now, the hedge funds would be forced to abandon their short positions and buy back their shares – thereby increasing the price.

The highlight: The plan works. And: Even with the above-mentioned price increases, Reddit users are still convinced that there is still a lot of room for improvement at Gamestop – there is talk of up to 5,000 US dollars per share. u / DeppFuckingValue is probably the best-known r / wallstreetbets user and is treated like royalty in the subreddit. He got in at just under $ 15,000 at a rate of around $ 3.50, and his shares are now worth almost $ 48 million – and he still holds . And while some shareholders got very rich in a very short space of time, it also had the desired effect of driving institutional investors with large short positions into bankruptcy.

Melvin Capital, for example, has already cost around 30 percent of its capital at the current price rally . Even a rescue package amounting to 2.75 billion US dollars, which the hedge funds Citadel and Point72 has made available to Melvin Capital so far, could not save the institutional investor from bankruptcy. On January 22nd alone, Gamestop Shorter lost $ 1.6 billion in capital. And how does it continue? According to some analysts, the bull market cannot last and is predestined for a hard crash. That calls again for shorters who smell the quick money. And this time the crypto space is also part of the party.

Eric Demuth, CEO and founder of Bitpanda, came out to answer Lagarde’s statements on regulating Bitcoin and cryptomonies

The President of the European Central Bank, Christine Lagarde, recently reiterated her insistence on regulating Bitcoin and other cryptosystems, as well as the future of digital assets. In this context, Eric Demuth, CEO and founder of Bitpanda, went out to answer these statements.

„Lagarde makes good points about regulation and the need to eliminate any ‚funny business‘ and illegal actions. (…) Bitpanda has always been adamant about compliance with legislation and regulatory measures in all markets in which we operate. Regulation is critical to the maturity of a new asset class. If Europe adopts a smart regulatory approach, it has the opportunity to become the leader in this new technology,“ said Demuth.

Bitpanda discusses whether it’s worth landing in Latin America
He added: „Regulation is one of our top priorities and we value its importance in preventing and driving bad players out of the market. However, we cannot see Bitcoin from the same angle as fiat money“.

„Unlike fiat currencies, such as the euro or the US dollar, the value of Bitcoin is not defined by a single entity such as a central bank – it is defined by supply and demand – or in simpler terms, by the price people are willing to pay for it. Bitcoin is a store of value, an enhanced version of gold for the digital age,“ remarked Bitpanda’s CEO.

Bitpanda CEO says the days of indifference about Bitcoin are over
For Demuth, Bitcoin has been the best performing asset in the last decade: „Given how young this asset class is, and therefore how low its market capitalisation is compared to gold, it’s incredible to see how the industry has developed. The top US asset managers understood the implications of Bitcoin in 2020, and the importance of having this new asset in their portfolio.

„In all honesty, I strongly believe that the ECB should consider adding Bitcoin to its balance sheet, something that I believe will be inevitable in the near future,“ Demuth concluded.

According to asset manager Stone Ridge, Bitcoin’s Difficulty Adjustment is outstanding innovation.

Why flexible mining Difficulty Adjustment is so important for the network.

Gradually, then suddenly. The bon mot of the Bitcoin scene translated into German means something like: „Gradually, and then suddenly“. The recent price rally proves that the description of a possible bull scenario was not completely pulled out of thin air. While Bitcoin Hero gained about 300 percent in 2020, it was already 41 percent in the first eight days of the new year. Bitcoin is currently trading at $41,500. If BTC continues to grow at the same pace, the No. 1 cryptocurrency’s value could break through the $300,000-plus mark before the end of the year.

What some consider a pipe dream is already considered a foregone conclusion in the scene.

Capital managers discover bitcoin

In the meantime, however, the good news is also getting through to institutions from the traditional financial sector. Asset manager Stone Ridge, for example, recently published an extensive study on Bitcoin in its stock market letter to shareholders. In it, the author outlines Bitcoin’s value proposition with unexpected precision. What makes good money, he says, is its ability to be transferable across space and time. Gold has been the primary store of value for the past 5,000 years because the precious metal’s scarcity has made it extremely stable in value. But Bitcoin, according to the author, performs this function even better. And more: in addition, BTC is much more liquid than gold, as it can be sent around the globe in no time.

Bitcoin is the first store of value in history where supply is completely independent of increased demand. From this perspective, Bitcoin is better than gold – it is even more tradable over time.

So the same arguments that Bitcoiners have been making for some time are now filtering through to the realm of traditional finance.

Innovation Difficulty Adjustment

According to the author, the real innovation that Satoshi achieved in the design of his peer-to-peer electronic cash system was the integration of the Difficulty Adjustment. This ensures that even in the event of excess demand, no more BTC can be issued than specified. The limit is 21 million coins, of which 88 percent are currently already in circulation.

The Difficulty Adjustment, in my opinion, is Satoshi’s most underrated breakthrough, a truly ingenious application of game theory, and the fundamental reason why the Bitcoin network has always been secure. Stone Ridge

With a flexible mining Difficulty, the network remains secure, completely independent of the number of miners as well as the hash rate flowing into the network. The algorithmic inflation rate, probably Bitcoin’s strongest value proposition, is also secured by the Difficulty Adjustment.

Even in times of increasing demand for Bitcoin, Bitcoin miners have no way to mine Bitcoin faster. This makes unexpected inflation impossible. Forever. Stone R

Not surprisingly, the asset manager invested $115 million in Bitcoin back in October last year.