BNB price prediction: Will records be broken again in 2022?
What are the factors behind upbeat binance coin predictions?
A BNB price prediction tends to be the most bullish when there is a flurry of trading activity on the platform. Binance has repeatedly seen volumes break new ground as traders attempt to capitalise on the new highs seen in bitcoin, ether and other cryptocurrencies.
With BNB opening the door to reduced fees, demand for the 166.8 million coins in circulation will undoubtedly rise when crypto enthusiasts are vying to log on to their accounts in a hurry.
As we mentioned earlier, the increasing role of Binance Smart Chain is also significant. Several decentralised finance (DeFi) projects have already made the leap, shifting their protocols from Ethereum as they seek to ensure that transactions are more affordable and faster for users – though the ETH 2.0 upgrade expected this year (2022) will go a long way to addressing those issues.
A binance coin price prediction is helped further by the fact that the exchange behind BNB regularly enters into high-profile partnerships with other crypto projects. Such agreements typically result in BNB being accepted by a greater number of merchants, meaning there is much greater scope for the cryptocurrency to be used for purchases.
“A $500 investment in $BNB back in mid-2017 would have made you a millionaire today.”
In one tweet, he explained how many people were reluctant to invest in 2017 because it was too risky, while it wasn’t worth investing in 2018 because the market had crashed. Although there was interest in 2019 and 2020 to see whether binance coin would gain momentum, one narrative put forward in 2021 was that BNB has already pumped – meaning it is too late to enjoy further price movements.
A BNB price prediction tends to be the most bullish when there is a flurry of trading activity on the platform. Binance has repeatedly seen volumes break new ground as traders attempt to capitalise on the new highs seen in bitcoin, ether and other cryptocurrencies.
With BNB opening the door to reduced fees, demand for the 166.8 million coins in circulation will undoubtedly rise when crypto enthusiasts are vying to log on to their accounts in a hurry.
As we mentioned earlier, the increasing role of Binance Smart Chain is also significant. Several decentralised finance (DeFi) projects have already made the leap, shifting their protocols from Ethereum as they seek to ensure that transactions are more affordable and faster for users – though the ETH 2.0 upgrade expected this year (2022) will go a long way to addressing those issues.
A binance coin price prediction is helped further by the fact that the exchange behind BNB regularly enters into high-profile partnerships with other crypto projects. Such agreements typically result in BNB being accepted by a greater number of merchants, meaning there is much greater scope for the cryptocurrency to be used for purchases.
“A $500 investment in $BNB back in mid-2017 would have made you a millionaire today.”
In one tweet, he explained how many people were reluctant to invest in 2017 because it was too risky, while it wasn’t worth investing in 2018 because the market had crashed. Although there was interest in 2019 and 2020 to see whether binance coin would gain momentum, one narrative put forward in 2021 was that BNB has already pumped – meaning it is too late to enjoy further price movements.