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Binance Coin (BNB) Price

BNB has given high returns for all holders who bought in 2021 or earlier. The native token of Binance exchange, which investors buy in order to get a discount on trading fees, this cryptocurrency rose in value as more investors opened Binance accounts and has risen to become the #3 ranked coin in terms of marketcap, behind only BTC and ETH.
Binance BNB price
Binance BNB price

Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong.

binance Chart Growth

Binance Coin price all-time growth, via Coinbase

Binance Coin (BNB) was one of the cryptocurrencies that were among the most rewarding during the last bull run that took place in 2021.

The coin went from $30 back in December 2020 to over $670 in May 2021. Even after crashing down to $300 in mid-2021, it once again skyrocketed near its ATH in November of the same year.

Of course, a year-long crypto winter in 2022 made it lose more than half of its value, even pushing it down to $215 at one point, but with the start of 2023, the coin is showing signs of recovery.

What this means is that Binance Coin, or BNB as it is now known, has tremendous potential, and the next bull run will most likely take it further up than ever before.

Of course, that is only speculation, although historical data shows that it is to be expected.

For now, let us put predictions about the future to the side, and explore BNB and its price in detail in order to see what kind of a cryptocurrency it is, what it has been through so far, and whether or not it is a worthy investment.

Binance Coin Price Now – Live Price Chart

At the time of writing, April 11th, 2023, BNB’s price sits at $330.10 after growing by 5.4% over the last 24 hours.

The coin is also up by 5.55% in the last 7 days, which tells us that the growth in the last 24 hours has taken the coin to the highest point in the last week, which was relatively stable for BNB, as can be seen on the chart below.

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  • BNB
  • Price
  • Market Cap
    $35.96 B

BNB is also the fourth-largest cryptocurrency in the crypto market, with a market cap of $51.9 billion.

Above it is Tether, with an $80.4 billion market cap, followed by Ethereum with $230.8 billion, and finally, Bitcoin, with $582.8 billion.

BNB also has a circulating supply of 157,888,223 BNB at the time of writing.

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Being one of the largest cryptocurrencies in the crypto industry, Binance Coin is a highly demanded asset.

Its volume in the last 24 hours is at about $904 million at the time of writing, which is not as big as Bitcoin, Ether, Tether, USD Coin or even XRP, but it is definitely among the more popular assets out there.

As the native cryptocurrency of Binance exchange, its two blockchains, and multiple other Binance-issued products, it is easiest to obtain it on the exchange itself or on Binance’s personal decentralized exchange (DEX).

Alternatively, if you prefer to purchase it through a traditional broker, you could also do it on eToro, which offers traditional and crypto assets alike.

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Apart from that, eToro also offers a comprehensive trading experience, excellent features, expert opinions, price analysis, and more. All of this makes it a very attractive option for those who want to have a portion of their portfolio in crypto but also diversify it by adding traditional assets and vice versa.

Why invest in BNB?

There are several reasons why you might want to consider investing in BNB, as the coin did not reach this amount of popularity and this height without any utilities.

For example, it is very stable for a cryptocurrency, and compared to most other cryptos, it lost fairly little during the crypto winter.

Bitcoin went from $69,000 to $16,000, while BNB went from $671 to $215. This makes its performance slightly better in comparison.

Furthermore, BNB recovered more quickly than Bitcoin. The world’s largest crypto exchange also backs BNB, and it runs as a native cryptocurrency on two different blockchains — Binance Chain, and Binance Smart Chain.

While the coin is somewhat more stable than most of its peers, there is still volatility that allows traders to earn from day trading, while its long-term predictions are mostly positive, expecting BNB to bounce back up toward its ATH and likely beyond in time.

Also, since it runs on Binance Smart Chain, it is the main asset for paying fees for all transactions on a blockchain that is rich with DeFi and dApp projects.

It is also the only asset that can be used on Binance Launchpad and other blockchain products.

In other words, BNB has a great number of utilities in Binance’s expanded ecosystem, which gives it value to both those who mean to use it and those who mean to trade it or invest in it.

Binance Coin price history

BNB is launched in July 2017 under the name of Binance Coin, and for the next few years, its price grew very slowly, with $30 being its biggest resistance level between 2017 and 2021.

However, in 2021, things changed significantly for the coin, as it got strongly involved with the bull run that Bitcoin kickstarted in late 2020.

The coin skyrocketed with the rest of the crypto market, going from $40 on January 24th, 2021 to $671 on May 12th.

After that, the price crashed to the support level at $300, which happened around the same time when Elon Musk announced that Tesla will stop accepting Bitcoin due to its carbon footprint.

Bitcoin itself, as well as the rest of the crypto industry crashed, and BNB was no exception. However, a few months later, the prices started to recover, and BNB once again skyrocketed, reaching the price of $654 on November 9th.

binance history

Binance Coin price history, via Binance and CoinMarketCap

Mere days later, the crypto bull run of 2021 ended, and a year-long crypto winter kicked off. BMB, as well as the rest of the crypto world, started collapsing, with BNB hitting bottom on June 18th, when it dropped to $215.82.

In the second half of the year, the coin actually made some recovery. It made several attempts to go back up, running into resistances, such as at $330 and $355.

Meanwhile, it also found a major support at $250, which held it from going back down after recovering from the initial drop. In fact, the last time when BNB sank to $250 was in the final days of December 2022.

As soon as 2023 started, however, the coin surged once again, hitting $305 on January 15th, and $333 on February 8th. The BNB price prediction video below was posted around then:

It corrected to $275 after that, only to surge once more and hit $335 on March 22nd.

Another minor correction followed this to $315, after which the coin went up again to $330, which is where it sits at the time of writing.

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How is the price of Binance Coin (BNB) determined?

Unlike stablecoins, BNB is not backed by real-world assets of value, like fiat currencies, gold, oil, or any other commodity.

Instead, its price is based on supply and demand, just like that of other cryptocurrencies. However, multiple factors can affect the price of a cryptocurrency, including the following:

Market cap

A cryptocurrency’s market capitalization, or market cap, plays a very big role. It helps investors determine how big and valuable the project as a whole is, meaning how much money is in it.

You can calculate the market cap of any asset by multiplying the number of coins in circulation by the price per unit.

Regarding market cap, BNB is the fourth largest cryptocurrency in the world, which makes people interested in it.

Once they learn of its use cases and possibilities, they may choose to invest in it, themselves, thus adding more money to the pile.

Supply and demand

As mentioned, supply and demand play a massive role in determining the value of a cryptocurrency. You might even say that they play the central role since everything always comes back to how much people want an asset and how much of it is available.

Simply put, the scarcity of any asset of value is directly impacting its price. If it is useful and there is little of it compared to the number of people who want it, it will always be valuable.

That is the universal law of supply and demand. If it is useful but there is plenty of it, it will be much cheaper. It will also be cheap if it is not useful, regardless of whether there is much of it.

This is why utility is always the main aspect of a cryptocurrency that everyone, from developers to investors and traders, needs to focus on.

Scarcity can play a big role in making an asset more valuable, which is why Binance tends to burn its tokens on a regular basis. Token burning is a process where the tokens get locked up in a smart contract, which can never be retrieved.

This reduces their circulating supply and ensures that the remaining BNB will become more valuable, simply on the basis that there are now fewer of it in the world.


Another thing that is out of Binance’s control entirely is laws and regulations in different countries.

For example, if a country passes a crypto-positive bill, chances are that the price of digital assets will grow, and that includes BNB.

However, if Binance ends up banned in some countries or its banks stop allowing users to send funds to the exchange, that will reflect negatively on the BNB price.

This happened a few years back when a number of countries saw their central banks and regulators crack down on Binance when they realized that it was offering tokenized securities without the proper license to do so.

Binance responded by removing the assets, and hiring more people for its compliance team, significantly improving its image along the way.

Binance’s decisions

Binance’s decisions play a massive role in whether its cryptocurrency is viewed as desirable, which is not difficult to understand.

If the exchange is making bad moves, of course it will reflect on its coin since it going down would probably mean that BNB will lose its utilities and become a worthless asset.

This is why it is crucial for Binance to think its moves through and not do anything that would be contrary to the laws of the countries in which it operates or controversial in some way.

The exchange’s moves directly impact its reputation, and its reputation impacts the desirability of its coin, which leads to changes in its price.

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How often does the price of Binance Coin (BNB) change?

As mentioned, BNB price is not stable since the asset is not backed by any other real-world commodity or other assets of value.

As such, it changes with demand, and since the coin is traded around the clock, its price changes constantly.

With that said, there are ways to influence its price changes, such as making huge buy or sell orders, which would then lead to an increase or drop in price.

This is known as price manipulation, and it is commonly done by crypto whales — wealthy entities in the industry who can afford to buy and sell hundreds, thousands, or even millions of dollars worth of cryptocurrency in a single trade.

For example, if someone suddenly puts up hundreds or thousands of BNB for sale, others would assume that a price drop is coming, so they would try to dump their coins, as well.

In doing so, they would contribute to the price drop.

Alternatively, if someone is seeking to buy large quantities of BNB, other traders and investors would assume that a price increase is coming and that buying at the current price would be considered buying at a cheap price.

With the surge in demand, the price would rise.

Investing in Binance Coin

As mentioned earlier, BNB has seen significant improvement in its performance in 2023. As far as April is concerned, its price has been mostly stable with a single brief dip from $312 to $302 on April 3rd.

After that, however, the price recovered to an average of $312 where it remained between April 4th and April 10th.

Is it worth buying Binance Coin (BNB) in December2023?

In the last 24 hours, it skyrocketed to $332, only to drop slightly to $329, which is where it is right now.

Is it worth buying Binance Coin (BNB)

In other words, BNB has been showing signs of stability, followed by strong growth in the first 11 days of this month.

Furthermore, with a year-long crypto winter behind us, the crypto industry is expected to see months of slow and steady recovery, followed by another major bull run, which might come in late 2023 or 2024.

In both scenarios, investing in BNB now does seem like a good decision, although we recommend that each investor does their own research and make their own decisions before making any kind of move.

Remember that things can always turn around rapidly and unexpectedly in the crypto industry, and all it takes is one wrong move by Binance, or another event such as the collapse of the FTX exchange in November 2022, to turn this recovery into another bear period.

Cryptocurrencies offer a great opportunity to make a lot of money, but that is the risk that investors and traders must always be aware of — something bad can happen at any time and cause the prices to collapse.

Who should invest in Binance Coin (BNB)?

Investing in BNB does not concern only a specific group of people. Anyone who seeks to profit from price changes can consider purchasing the asset.eToro exchange

With that said, BNB will have a number of practical uses for those who seek to engage with its blockchains and products built on them.

For example, if you wish to engage with any crypto asset, dApp, DeFi protocol, or even Binance DEX, you will have to make transactions, and they require you to use BNB to pay transaction fees. The same is true if you wish to purchase any new crypto asset that may be launching on Binance Launchpad since you can only buy tokens during a token sale using BNB.

With that said, BNB is a worthy investment for those who seek to earn money from price movements, or for those who wish to use its blockchain products, or invest in Binance Smart Chain-based cryptocurrencies.

If you are a beginner to cryptocurrency and are not well versed in its know-how, you could make your decision after going through cryptocurrency beginners’ guide and expert opinions available on eToro, and then take your call as per your requirements.

How to get started with Binance Coin (BNB) investments?

Once you do your research and decide to go through with buying BNB, the process is quick and simple. In our example, we will use eToro to explain how to buy Binance Coin since eToro has a number of licenses that make it available in multiple major countries.

On top of that, it also has a simple, user-friendly design, and it is very intuitive when it comes to finding your way around the platform.

With that said, here is what you need to do:

  • Go to eToro and create an account on the platform.
  • Verify your identity by uploading an ID or similar documents that the platform might request.
  • Once your account is approved, select your payment method and deposit some money that you wish to use for investing.
  • As soon as the money arrives, you will be ready for the next step, which is searching for Binance Coin via the search box.
  • Once you find BNB, click the trade button, and create your order.

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Investing in Binance Coin (BNB) responsibly

We mentioned several times throughout this guide that Binance Coin is known for being noticeably more stable than many other cryptocurrencies.

However, even with that being the case, it is still a real cryptocurrency, and that means that its price is, and will remain volatile.

This means that you need to study it thoroughly, learn how to perform technical analysis and fundamental analysis, and also learn what influences its price, in what way, how much, and alike.

Learning risk management tools to prevent losses when the market is more uncertain than usual is also a good idea.

Binance Coin Taxation

One thing that you need to remember about crypto and the profits made from trading crypto is that they are now also subject to taxation in most countries.

Regulating the sector and making it safe was mostly not achieved yet, but governments around the world were quick to introduce crypto taxes and get their share of your money.

Since the crypto industry no longer offers true anonymity — whenever you trade on any centralized platform, you have to reveal your identity, and your funds can then be traced back to your wallet — you are obligated to pay taxes on any profits from crypto.

Since there may be a handful of countries left that do not have crypto taxes in place yet, you should check out your local laws just to be sure, but for the most part, any income is subject to taxes in most nations, which likely also includes cryptocurrencies.

Binance Coin vs. other cryptos

For planning a long-term investment in any crypto, its comparison with other leading cryptocurrencies becomes inevitable. Below is a comparison of BNB with Ethereum and Bitcoin.

Binance Coin vs. Ethereum

Ethereum is a decentralized, open-source blockchain network. It comes after Bitcoin in terms of market capitalization. Its public ledger is used for recording and validating transactions. The native cryptocurrency of this platform is Ether. It has a plethora of applications running on its platform and helps make global payments. In terms of the price level, it is costlier than Binance Coin.

There is a stiff battle going on between Binance Smart Chain (BSC) and Ethereum in the arena of smart contract space as BSC is providing faster and cheaper transactions on its platform when compared with Ethereum

Binance Coin vs. Bitcoin

Bitcoin has been the first cryptocurrency in the market and has been the flag bearer of blockchain technology in the world. Bitcoin stands first in terms of market capitalization in the cryptocurrency ecosystem. It is managed by a decentralized authority and organizes its transactions on the proof-of-work protocol.

The introduction of Binance Smart Chain (BSC) has brought tough competition to Bitcoin in the area of the mining as BSC’s latest technology allows the addition of blocks through mining in seconds when compared with Bitcoin which does that process usually in minutes.

Binance Coin: Short-term trading vs. long-term investing

One of the big dilemmas in the crypto industry, at least among newer members, is whether to engage in short-term trading or long-term investing.

Let us begin by saying that both of these approaches are perfectly valid, but they work differently, and you cannot approach both of them with the same expectations regarding earnings.

For example, investing is significantly easier, since it is a long-term solution. Basically, you buy some BNB, lock it up in your personal, secure wallet, and you forget about it for months, years, or even longer.

Investing is based on the assumption that prices will continue to grow in time, so you would buy BNB now, while it is “cheap,” and sell it after several years when its price reaches much higher levels.

Of curse, you must first carefully study the coin and make your own conclusions about whether it will survive years to come and, if it does, how high up you expect it to go. But, for the most part, there is no stressing about short-term price performance, you don’t need any real discipline, and so on.

Things are completely different with trading. The goal of trading is to buy BNB for a short period of time and then sell it when the price changes favorably.

In other words, when your research suggests that the price will soon grow for one reason or another, your move would be to buy and then sell once it reaches a certain height. That way, you would make a small profit, and once the price sinks again, you would once again buy at a lower price with the intention of selling at a higher one.

Trading requires a lot of research, keeping track of current events, monitoring the price movement, and making fundamental and technical analyses, to see how the community feels about the coin and what technical indicators say will happen to it next, and alike.

More than that, you need discipline and strength to stay calm and collected and not react before the time is right or too late. A lot of traders experience losses due to greed, as they don’t sell when the price reaches its peak, but rather, they wait, hoping to see it go further up.

Others, too scared of experiencing losses, sell too quickly and miss out on an opportunity to earn even more.

This is why you need a good strategy, an understanding of risk management, and the like. Plus, trading like this will only bring small profits, which tend to pile up over time.

Alternatively, investments will bring large profits, but you need to be patient and wait for several years for the price to grow high enough.

As mentioned, both approaches are perfectly legitimate, but not everyone can handle them. Most people are made for either one or the other, and it is up to you to decide which one suits you best.

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Future Predictions for Binance Coin Price

For the moment, BNB price appears to be on the rise, and historical data indicates that lengthy crypto winters, such as the one we had in 2022, are followed by a brief period of slow, steady recovery and then a new price surge.

While it has yet to be seen whether this will actually be the case, so far, the pattern has held, and there is a reason to hope for the best.

Experts seem to be optimistic about the future of BNB, some more than others. For example, WalletInvestor seems to believe that BNB will grow to $346 per coin by this time next year.

Meanwhile, their 5-year forecasts expects BNB to climb up to $472. While this is rather underwhelming, the fact is that WalletInvestor’s experts still think that BNB price will go up over time.

CoinCodex is much more optimistic, as it believes that BNB will go back up to $357 over the next five days, and by this time next year, the price will hit $486, according to their prediction.

By April 2025, CoinCodex expects BNB to hit $627, and one year after that, it expects it to make a new ATH by reaching $810. The platform is extremely bullish on the asset, and it seems to have high expectations of it moving forward.

binance prediction coincodex

Lastly, we looked at Changelly and its predictions, which expect to see BNB average price hit $406 by the end of this year. Moving forward, the average price in 2024 is expected to be $590, while in 2025, it should hit $866, according to Changelly.

The real surprise is its price prediction for BNB in 2032, as Changelly expects BNB price to reach $12,189 per coin.

Of course, all of these predictions are only speculations, as no one can say with certainty what will happen so far into the future. However, positive predictions show that the market is bullish, which is a great sign for investors and traders alike.

Top Binance Coin (BNB) alternative in 2023

While BNB is an asset with great potential, a lot of investors believe that the true value lies with projects that are not yet so big and established. This is why they are looking for new alternatives, including cryptos that are launching right now.

One such project with great potential is DeeLance — a blockchain ecosystem where the world works together smartly.

It is a freelancing and recruitment platform that runs n the blockchain. As such, it is fully decentralized and quite revolutionizing for freelancers and their potential employers alike.

The platform is building a large and complex ecosystem, featuring a metaverse available to all users, an NFT marketplace that is also open to everyone, as well as a freelancing platform for buyers and sellers, and a job hiring platform for employers and job seekers.

Many believe that freelancing and remote work are the future, especially after the years of COVID pandemic forced people to work from home, and companies to prove that this is not only possible but quite easy to set up.

With that said, this platform holds tremendous potential for freelancers in the world, which is especially important now that the tech and energy sectors have been forced to lay off thousands of people.

DeeLance is currently in the middle of its token sale. Each DLANCE token is worth only $0.025; you can buy it with USDT. This is a great opportunity, as its price post-launch will be $0.053, which is more than twice the current price. So far, the project has managed to raise $103,191 in USDT, while its goal is to hit $600,000 by the end of the presale.

At this moment, the presale is in its first stage, and potential investors have another 4 days and 10 hours before it moves to the second stage, which will see the price of DLANCE go up to $0.029.

So, if you wish to support a platform for freelancers and buy its tokens while they are at their lowest price, now is the time to act. With that said, we still encourage you to make your own research and come to your own decision before making any move.

Visit DeeLance Presale


Binance Coin, or BNB, is one of the world’s largest cryptocurrencies by market cap. It is a native cryptocurrency of Binance, and it plays a central role in two blockchains that the exchange has recently launched.

As such, it has tons of different use cases in Binance’s ecosystem, from simple trading and investing to paying fees, allowing you to buy new tokens, and more.

In the past, BNB has shown that it has great potential to see a massive price increase, and it has mirrored Bitcoin’s performance rather accurately.

With that being the case, Bitcoin’s growth — which is all but guaranteed, and it is only a question of when it might arrive — also means BNB’s upcoming growth.

Apart from that, it has the world’s largest exchange at its back, and it is used by thousands if not millions of people every day.

There is still risk involved with investing into it, so do your own research before you make a move. But, from everything we have seen so far, BNB is a cryptocurrency that has a lot to offer, and with more likely coming down the road.

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Is BNB Coin a good investment?

Depending on the market situation and your goals as a trader/investor, BNB can definitely be a good option. Historically, it has shown great potential for growth, and its price has seen strong bullish behavior in April 2023.

How much is BNB Coin?

At the time of writing, BNB's price sits at $330 per coin. Thanks to volatility, however, this is subject to change, which can happen at any time.

How to buy BNB Coin?

The easiest and most secure way to buy BNB would be from a registered broker, such as eToro. Alternatively, you can go to Binance itself and purchase it on its CEX.

How to get free BNB Coin?

Free BNB can be earned through various offers from Binance, the company, such as airdrops, assuming that the platform makes any moving forward. Alternatively, you can get it from free crypto signup bonuses, receive it as a gift from a friend, and alike.