Binance Coins Prediction: Can BNB Overtake Ethereum and Go Up to $10,000? – IMPT signals in the pre-sale

Binance is one of the biggest players in the crypto market. With an average trading volume of 20 billion US dollars, it is considered the largest crypto exchange in the world. Its founder Changpeng Zhao, also known as CZ, has become a billionaire through the platform and his fortune does not seem to have suffered much from the investments in the collapsed LUNA token (Terra).

BNB exploded more than 2,000 percent in 2021

Millions of customers use the platform to buy cryptocurrencies, trade with leverage or compete for prize money in tournaments. A very important part of Binance is its own cryptocurrency with the native BNB token. Anyone using BNB on the platform can save fees, for example. Through a comprehensive incentive program, the altcoin has attracted many buyers and the market cap has continuously increased.

Things especially went uphill for BNB in ​​the 2020/2021 bull market. The price was still under $30 in December 2020. However, with a parabolic increase starting in 2021, it quickly went to $100. The next hundred marks were also jumped in a very short time, until BNB/USD reached a peak of almost $700 in May 2021. Early investors were able to get a return of almost 2,300 percent in a few months. Buying BNB for $1,000 could have raised $23,000.

BNB is more stable in the bear market than many altcoins

Binance Coin established itself as one of the top 3 cryptocurrencies thanks to its amazing rise. Excluding the stablecoins USDT and USDC, market leaders Bitcoin and Ethereum only have higher valuations.

But even BNB could not escape the bear market. The altcoin price fell nearly 74 percent at its peak, falling to a low above $180 in June. However, BNB has held up relatively well compared to other altcoins, some of which have lost more than 80 or even more than 90 percent in value. The decline is more comparable to the Bitcoin price.

Meanwhile, BNB has improved significantly and is currently trading at around $270. With a market capitalization of more than 43 billion dollars, BNB is clearly ahead of miners like XRP, Cardano or Solana. However, Ethereum as number 2 is much more valuable at around $157 billion. But will it stay like this? Or does BNB have the potential to overtake Ethereum?

#binance another @BNBCHAIN: What’s the Difference?

Actually, a lot. Read the blog. https://t.co/bAjlFuOCE2

— CZ 🔶 Binance (@cz_binance) October 21, 2022

The world’s largest crypto exchange Binance in the back

If you look at the fundamentals, Binance Coin has a big advantage. With Binance, the token has the world’s largest crypto exchange behind it and has huge capital available to further develop BNB technologically. Initially, BNB was launched as an ERC-20 token on the Ethereum blockchain. But in the meantime its own blockchain has been around for a long time.

Binance also has a whole ecosystem of functionalities. The network includes Binance Chain, Binance Smart Chain, Binance Academy or Trust and Research Wallet. In addition, BNB can look back on a large group of users simply because of the heavy usage on Binance.

However, critics complain that BNB does not follow the original idea of ​​Bitcoin due to its centralized crypto exchange. Ethereum, on the other hand, is recognized as a decentralized platform and many applications from the DeFi area or NFTs are based on the Ethereum blockchain. Additionally, Ethereum recently switched to the Proof-of-Stake consensus mechanism. Ethereum is much more resource efficient now.

From a fundamental point of view, both cryptocurrencies have good arguments on their side. But how could the BNB price develop? Technical analysis can even provide information about current analyst forecasts.

Chart pattern with a bullish price target of $700

A symmetrical descending triangle is visible on the daily chart of BNB, which has BNB/USD since November 2021. Currently the Altcoin is trying to break through the upper resistance level. If this is successful, there could be a strong price breakout in the short term. The technical price target is between $650 and $700 in case of a confirmed breakout.

However, according to technical analysis, this is a bearish pattern, so a breakout to the downside is considered more likely. The main support zone of the pattern is located at $200. If BNB/USD falls below this level, a stronger correction is expected. However, there is still some time before a directional decision must be made. By the end of December at the latest, BNB buyers should be prepared for very volatile price movement.

Analysts expect BNB to set a new all-time high in 2024

What are the analysts saying about BNB? Digital Bonn Price believes it is possible to jump over the $300 mark this year. In the next cycle after Bitcoin’s halving in 2024, analysts expect a strong bull market for BNB. The price could rise to more than $750 by 2025 and thus reach an all-time high. 2028 could even break the $1,000 mark before BNB/USD is expected to approach $2,000 levels in the early 2030s.

A lot more attention is paid to the Coin Price Forecast here. The analysts estimate that BNB can see a 50 percent increase in the next year and can double the current price by 2025. Only 2028 could see an attack on the all-time high before BNB could stabilize at levels between $600 and $700.

The financial blog Changelly is much more bullish. Here, prices are expected to double almost as early as 2023. In 2024, BNB could reach the $700 mark and test the all-time high. The jump above $1,000 is predicted there for the first time in 2025. With huge price increases, it is estimated that the price of BNB will be more than $5,000 in 2029. In the 2030s, the analysts even consider a jump to more than 10,000 dollars is possible. If this extremely bullish scenario were to happen, BNB could certainly pose a threat to ETH when it comes second in the crypto ranking.

Currently in presale: Buy IMPT token

Another exciting option, also based on the Ethereum blockchain, is the new cryptocurrency IMPT. The project deals with one of the most important issues of our time, climate protection. Anyone who buys the IMPT token supports the environment at the same time and improves the CO2 balance with their investment. Because the token is used to trade emission credits.

The presale of the new crypto currency is currently underway and buyers can take advantage of prices that may be significantly lower than the later conditions on crypto exchanges. In the first pre-sale stage, the token is already available for $0.018. However, the quota is limited. It pays to be quick.

Cryptocurrencies are a highly volatile, unregulated investment product. Your capital is at risk.