Disclaimer: The datasets shared in the following article have been compiled from a set of online resources and do not reflect AMBCrypto’s own research on the subject
Hey, do you hold crypto? If yes, how much thought did you give to the prospect of holding BNB? Not much? Well, here’s something to ponder upon.
Back in January 2021, the price of Binance Coin (BNB) was $40. However, the same year saw a rather significant increase in BNB’s price, one that allowed it to hit $690. This was its highest price level in 2021. The crypto-market, however, experienced a bloodbath in the latter few months of 2021, with major cryptos, including BNB, seeing declines.
BNB’s price has fallen as a result of the cryptocurrency market’s sharp bearish shift. One can also argue that the SEC’s issues with Binance took a heavy toll on the price of the altcoin. Even so, expectations remain high.
Finder.com surveyed 54 people recently, with the panel believing that the coin has promising long-term potential. The crypto’s price is expected to hit $781 in 2023. And, although BNB may not be receiving as much attention right now, it routinely ranks among the best-performing currencies in terms of ROI. It is also the fifth-largest crypto in the world.
Given everything, buying BNB must be a wise decision in the long run, right? Most analysts have positive predictions for BNB. Additionally, the bulk of long-term BNB price projections are upbeat.
BNB is a cryptocurrency that is native to the world’s biggest cryptocurrency exchange. It is also crucial to the Binance Smart Chain ecosystem. The latter, in fact, is one of Ethereum’s competitors, and it offers substantially higher scalability and lower transaction costs.
The steady increase in the number of traders on
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