Industry analysts predict that Binance Coin (BNB), the cryptocurrency created by the Binance exchange, will increase gradually over the next decade, surpassing $2,400 by 2030.
Between January 6 and 17, 33 experts from the crypto and fintech industries took part in a Finder survey to analyze the price of BNB.
14 experts out of this group predicted Binance Coin’s prosperity over the next decade.
BNB is predicted to trade at roughly $527 by the end of 2022, according to these analysts, representing a 37.73 percent gain from its current price of $382.63 (March 8, 15:16 GMT), according to CoinMarketCap statistics.
Some are more hopeful than others, such as Paul Levy, a senior professor at the University of Brighton, who predicts the year will conclude at $700 if the whole market continues to expand.
Experts predict that the price will continue to rise, reaching $975 in 2025 – a 154.82 percent increase in only three years. Finally, they estimate it will soar to $2,488 in 2030, representing a massive 550.24 percent gain over the asset’s current price.
Not everyone, though, was so upbeat. Elvira Sojli, an associate professor at the University of New South Wales, projected that the coin would finish the year at barely $300, a position backed by John Hawkins, a senior lecturer at the University of Canberra.
The significance of faith
Regardless of disagreements among experts, Finder’s creator Fred Schebesta, who predicts BNB will cease in 2022 at a price of $650, is convinced of one thing:
“Price will be totally dependent on Binance’s and the Binance Smart Chain community’s capacity to develop confidence and capabilities for the protocol, similar to Ethereum, Solana, Avalanche, and Fantom.” As they each take two steps ahead and one step back, it seems that value will rubberband between these top smart-contract ecosystems,” he added.
Finbold reports that comparable study has been done earlier, concentrating on Cardano’s future performance forecasts (ADA). According to the research, crypto experts believe that the price of Cardano will reach $2.72 by the end of 2022, exceed $8 by the end of 2025, and reach $58 by 2030.