Is BNB a good investment in 2022?

Binance Network has an extensive reach due to its popularity and is at the forefront of cryptocurrency innovation. Today, Binance Coin (BNB) is used for payment transactions. By moving from an Ethereum-based platform to a local network, Binance Coin (BNB) has expanded its use for travel booking, entertainment, online services, and financial services.

Binance Coin (BNB) and its network in the blockchain space; It is used to develop decentralized applications and cross-network bridges. Bridging solutions allow developers and users to move various digital assets from one chain to another.

The Binance platform allows you to make money from trading cryptocurrencies. But you can also look for additional sources of income using the best ravencoin mining software.

How Binance Coin (BNB) rose in price

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Binance Coin (BNB) was trading below $1 at launch. As of September 2017, BNB was changing hands at around $0.17. Prices then began to rise rapidly. In November of that year, BNB started trading above $2. Prices continued to grow. In addition, in December 2020, the cost of BNB began trading at $38. In January 2021, it was trading at $44. But these were just harbingers of things to come.

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BNB’s price reached an all-time high of $690 on May 10, 2021. BNB is currently changing hands at $420. This shows how far cryptocurrency has come and how much people trust it.

What will the price of Binance Coin (BNB) look like this year?

Renowned analyst Calvin Maina states that the price of Binance Coin (BNB) has lost 17 percent since the beginning of 2022 and now trades around $400. Noting that Binance Coin is one of the most volatile cryptocurrencies, Maina said that between November 2019 and May 2021, the price of Binance Coin rose more than 8,000 percent.

The famous analyst expects Binance Coin’s volatility to continue. According to Maina’s assessment, Binance Coin’s price is likely to trade within the blue areas shown in the daily chart below for the rest of the year. In addition, Maina states that the cost of Binance Coin could close 2022 at a resistance level of $600. That’s a 46% increase over the current price.

What will the price of Binance Coin (BNB) look like in the long term?

Successful analyst Maina believes that Binance Coin’s (BNB) price could be around $1,400 in 2025. Based on this prediction on the cryptocurrency’s past performance and fundamental analysis, Maina expects the price of Binance Coin to rise 40-60 percent in 2023 and 2024. Thus, by 2025, the cost of Binance Coin will be around $1,400.

Estimating that the price of Binance Coin will be around $12,000 by 2030, Maina states that he made this estimate because the Binance platform heavily backs the cryptocurrency.

What is a Binance Coin (BNB) investment?

The analyst notes that Binance Coin will have a growth rate of 40 to 60 percent per year, while traditional investment platforms rarely achieve an investment return of 20 percent. The analyst thinks Binance Coin is an excellent investment for long-term investors and entrepreneurs based on these facts. You can also make money on the currency pair bnb trx or others.

Conclusion

But it would help if you did not forget that the cryptocurrency market is very volatile. Cryptocurrency prices can change very quickly. Therefore, cryptocurrency prices, which can be positively or negatively affected by world events, should be watched closely. For this reason, everyone will benefit from investing according to their capabilities and portfolio.

 

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