With the majority of the cryptocurrency market starting to recover, the price of Binance’s native token, BNB, has also been recording some progress, at least in terms of increases on the day, leading the crypto community to project its further ascend.
Indeed, the community of voters at CoinMarketCap has estimated, with a historical accuracy rate of 83% and 2,975 votes, that the largest crypto exchange’s digital currency would trade at an average of $403.23 by the end of June 2022.
Specifically, the estimated price indicates an $83.5 or 26.11% increase from the decentralized finance (DeFi) asset’s current value of $319.74.
Meanwhile, the votes from 1,613 community members for the end of July have set a tad higher growth goal than June’s – estimating that the coin would trade at $415.39 on July 31, which is a $95.65 or 29.92% increase on the current price.
Based on the performance of its projections for the six previous months, the crypto community has historically anticipated the price of BNB with an accuracy rate of 83.06%.
In early March, Finbold reported that a group of financial experts had predicted that the price of BNB would continue to steadily improve over the next decade, and even exceed $2,400 by 2030. As for 2022, the experts have expressed the belief that BNB will close the year with a price of around $527.
BNB price analysis
At press time, Binance Coin traded at $319.74, which demonstrates a 1.06% increase on the day but a 1.07% drop compared to seven days ago.
Whether the crypto community’s and experts’ expectations in terms of the BNB future price will indeed come true, remains to be seen.
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