It’s been a wonderfull year ending of 2020 while new year continues with bullrun market that started with bitcoin and ethereum. Of course, the most famous and leading exchange, binance, and its native token, BNB, expected to increase price and gain some power to reach new ATH in 2021. In this post, I will show the best case for BNB price prediction before this bullrun ends.
If you carefully check the figure above, BNB coin has hitted ATHs 2 times back in days. The first ATH was around $13 at the begining of Junary 2018. Then next ATH took place around $34 at the begining of May 2019. The last one will probably come near the end of Feburary 2021 by marking around $63 per coin. BNB price prediction for this bullrun is $63 or more, then the market will return to loose some presure.
Binance Coin BNB
Lets check some fact about BNB coin. BNB is not minable coin but, by validating blocks, validators that earn BNB by securing the network on Binance Chain. Maximum supply is 176,406,561 and circulating supply is 144,406,561 BNB, that is 82% of maximum supply. When we looked back, maximum supply for BNB was 200 million coins and 100 million of BNBs offered in the ICO, in 2017. The maximum supply decreases due to burn takes place based on exchange rate on binance platform.
BNB coin is a utulity token and used for many purposes on binance exchange. For example, users gets a discount (25%) for using BNB as trading fee source or getting paid in staking rewards by providing liquidity on the platform. Seeing binance with growing daily volume and token burns makes BNB coin increase in value and usage in the future.
For all the reasons mentioned above, we think by the en of Feburary 2021, it is reasonable for BNB to hit another ATH around $63 before the end of bullrun.
Here is a list other platfroms that are worth to check;