Binance Coin Price: What Will Follow in 2020?
ChangeNOW will help see for yourself how the price for BNB increases!
‘Binance token Binance Coin’ on Reddit is a good source, but here are some concise and reliable Binance Coin news for you!
What Is Binance Coin?
BNB is a cryptocurrency created by Binance that has several use cases:
- one can use it to pay trade commissions on Binance;
- during the token sale hosted by Binance Launchpad;
- as a payment method;
- soon – to support the upcoming Decentralized Exchange from Binance.
BNB was launched as an Initial Coin Offer (ICO) from June 26 to July 3, 2017, 11 days before the opening of the Binance exchange for trading.
The initial price was as follows: 1 ETH = 2,700 BNB or for 1 BTC = 20,000 BNB.
Binance Coin mining can be done through the means of specialized hardware, cloud mining or pool mining.
Binance Coin Price Prediction
Binance Coin price prediction today depends entirely on how the Binance exchange develops. At the moment, we must admit that Binance is showing positive development. Due to small commissions and the absence of the need for mandatory verification, this exchange does not leave the top of the ratings.
Wallet Investor used technical analysis and offered Binance Coin price prediction 2020 different on what it stated before. The price of BNB can go up from 15.734 USD to 27.286 USD in one year.
Digitalcoinprice is not so optimistic about BNB price. It asserts that by the end of 2019, the coin will go down to $15.74 USD. Thus, they don’t recommend the token as a profitable investment.
Cryptoinfobase believes that in the long run, a coin can be a very good investment.
As for the Binance Coin price prediction 2021 and 2025, the platforms tend not to make long-term forecasts, being sure about the coin’s success in the present.
Where to Buy Binance Coin
The main platform for buying Binance Coin is, of course, the Binance exchange. There you can buy this cryptocurrency for other tokens in the BNB market, which includes as many as 443 combinations. If you prefer to use fiat to buy cryptocurrency, then in the case of Binance Coin, you can do this on the recently launched Binance Jersey crypto-fiat site.
*This price prediction is based on the data collected from various sources. The information presented in this article should not be considered as any sort of investing advice and the reader should do their own research before taking any actions.