BusinessBNB to end the year at $274

BNB to end the year at $274


- Advertisment -sslate

Binance Coin (BNB) is expected to end the year priced at $274, according to’s latest Binance Coin Predictions Report.

However the panel thinks the longer term prospects of the coin are strong with a 2025 prediction of $781 and 2030 prediction of $1,814 on average.

CloudTech Group COO Kevin He thinks BNB will be worth $250 at the end of the year and $1,000 in 2030, commenting that the value of BNB is mainly in the support and ecosystem of Binance.

Binance Coin

“…If the centralized exchange is still the mainstream platform chosen by investors before the next bull market starts…BNB will definitely get a value boost in the next bull market.

“However, if the centralized exchange is no longer mainstream or loses heat in the market before the next bull market starts, and the collapse of the centralised exchange [is] plagued by liquidity runs and cash flow problems…then BNB’s price will drop,” he explained.

Thomson Reuters technologist and futurist Joseph Raczynski is slightly more bullish than the panel average, noting that Binance is still considered the best global exchange.

“While BNB is not decentralized, it still can serve a purpose for fast and cheap transactions. That has a cost though. Binance could change parameters on the token without general consensus and they are far more likely to be a single point of failure.”

Digital Capital Management managing director Ben Ritchie also gave a favorable long term price prediction:

“…BNB introduced a burn mechanism in every transaction fee and conducted quarterly burns, making it a deflationary asset. Since the BNB chain ecosystem continues to grow, the price may reach as high as $3,000 in 2030. 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.”

However he was one of many panelists who noted that the future valuation relies on the Binance exchanges’ credibility as the SEC ‘target’ the exchange.

The majority of the panel (57%), including Boston Trading Group CFO Jeremy Britton, think the SEC will accuse Binance of issuing BNB as an unregistered security.

“The SEC struggles to apply old legislation to an entirely new industry. Until adequate crypto regulations are in place, we will see battles such as XRP, BNB and others, which the SEC cannot honestly win. We support new rules for a new paradigm,” Britton said.

Rouge International managing director Desmond Marshall is also part of the majority but said the SEC won’t kill off BNB.

“…SEC needs money due to the bad markets, so at max could slap [Binance] with a hefty fine (which Binance could easily pay off) and everyone will get on with their lives. Then [the] SEC will turn to other more popular coins and repeat.”

Morpher CEO Martin Froehler put it this way; “The SEC thinks everything is a security and BNB was sold to US customers.”

MetaTope cofounder Walker Holmes is part of the 13% who disagree saying “CZ has the ability to present a very compelling case” while nearly a third of the panel (30%), including Ritchie are unsure.

“Binance issues with the SEC may likely be a long investigation as the BNB token is a utility token and is different from traditional securities…We are unsure if they can find evidence of BNB as security. If they found evidence, there may be penalties and restrictions on the Binance Exchange and the BNB chain ecosystem,” Ritchie said.

50% of the panel think now is the time to hold BNB, 30% sell and 20% buy.

You can find the full report here.

Sunshine Slate
Sunshine Slate
Sunshine Slate is your news, entertainment, music fashion website. We provide you with the latest breaking news and videos straight from the United States of America.


Please enter your comment!
Please enter your name here

Latest news

Massachusetts Ranks #1 in Child Well-Being

Massachusetts ranks first in the nation for children's well-being, according to the 2022 Kids Count Data Book from the Annie E. Casey Foundation.

Vote Expected Today in U.S. House on Inflation-Reduction Act

Health advocates are hailing the new Inflation Reduction Act, saying it would be the biggest health-care reform since the Affordable Care Act.

Florida’s Child Well-Being Report Card Shows Increase in Mental Distress

Children's advocacy groups are calling on lawmakers to do more to improve the well-being of Florida's kids.

Top Reasons That Show Why Roof Restoration Is Necessary?

These are just five of the major advantages of roof restoration to contemplate a potential home seller. Roofing sustenance is a crucial...
- Advertisement -

What does the Future hold for Education?

The GED is the only higher secondary certificate available in over 85 countries and accepted by nearly all universities in the US and many across the world.

Peer-Reviewed Study Shows Measurable Impact on Employee Health and Productivity from Employee Assistance Program

Five-year longitudinal analysis finds 84 percent of employees with depression and 78 percent with alcohol use concerns migrated to low- or no-risk after EAP treatment.
- Advertisement - Motel 6

Must read

Best Apps for your New Mobile Phone

We can install any app from the google play store very quickly. Let’s take a look at some most amazing apps for android mobile phones.

4 Easy Ways to Treat Yourself

Even the little act of purchasing new socks can make a great difference to your sense of contentment. Rather than purchasing impractical gifts, you could make life more enjoyable by spending less money on treats that make you happy at that moment.
- Advertisement -
- Advertisement -sslate

You might also likeRELATED
Recommended to you