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AI predicts BNB price for end of 2024

AI predicts BNB price for end of 2024

With the larger part of the cryptocurrency market getting closer to ending the week in the red zone, Binance Coin (BNB) is no exception, but artificial intelligence (AI) platforms envision recovery, more bullishness, and further increases as it moves toward the end of this year.

As it happens, Binance Coin has had a rough week, much like the rest of the cryptoverse, during which it has lost over 5% to its price, with its losses continuing in the last day while its gains since the beginning of 2024 remain strong – above 75%.

BNB price prediction 2024

In particular, one of these AI algorithms, which relies on historical BNB price trends, technical analysis (TA) indicators, various chart patterns, and influential events, has projected the token to hit $838.12 by December 31, 2024, suggesting a possible 54.10% increase from its current price.

BNB price prediction 1-year chart
BNB price prediction 1-year chart. Source: CoinCodex

At the same time, the machine learning prediction platform CoinPriceForecast has set the BNB to USD price at $1,416 (+160.35%) by the year’s end, with BNB price prediction 2025 figures projecting it to reach $1,500 by mid-year and $1,336 by the end of that year.

Meanwhile, the fourth model of the OpenAI breakthrough invention ChatGPT, called GPT-4, has offered a BNB price prediction 2024 target above $550, rallying further beyond its price at press time “based on the synthesis of available data and considering the current bullish trend.”

“Considering the current price of BNB is $549.63, which is already above some of the predictions for the end of 2024, and combining this with the optimistic market sentiment, we can infer that Binance Coin has a strong potential to continue its upward trend.”

Finally, Claude 3 Opus, the newest AI model by Anthropic, has provided an estimate that sees BNB ending the year between $512.45 and $541, a slightly more bearish price prediction compared to its OpenAI counterpart, “considering the expert predictions, historical trends, and current market sentiment.”

BNB price today

At the moment, the BNB to USD price stands at $543.88, recording a decline of 3.02% in the last 24 hours, losing 6.84% to its price across the previous seven days but nonetheless retaining the positive move of 47.31% over the past month, as per data on March 22.

BNB price 30-day chart
BNB price 30-day chart. Source: CoinMarketCap

That said, BNB Smart Chain (BSC) is witnessing increased activity, with an increasing total value locked (TVL) and a large number of transactions over the past month, all of which could contribute to the positive sentiment and potential price recovery for BNB.

BSC chain total value locked
BSC chain total value locked. Source: Defi Llama

All things considered, the native token of one of the largest crypto exchanges, Binance could, indeed, reach one of the targets set by AI platforms, but precisely predicting the price of any asset is practically impossible, which is why doing one’s own research is critical before investing.

Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.

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