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.