Key Takeaways
On April 30, 2024, Binance founder Changpeng Zhao was jailed for four months after pleading guilty to charges of contravening anti-money laundering violations brought by the United States Securities and Exchange Commission (SEC). Zhao, who quit as Binance CEO in 2023, is one of a small group of billionaires to be sent to prison.
Zhao was released from prison in late September 2024.
However, Binance had a strong 2024. It reached a series of all-time highs, peaking in early December as the market thrived following Donald Trump’s re-election as US President.
By Jan. 15, 2025, BNB was worth about $699.10.
Let’s now take a look at our own price predictions for Binance’s BNB coin, made on Jan. 15, 2025. We will also examine the Binance price history and briefly discuss what BNB is and what it does.
Let’s look at the BNB price predictions made by CCN on Jan. 15. We will use the wave count method to make the predictions. Then, we will add and remove 20% to create the minimum and maximum targets.
Minimum BNB Price Prediction | Average BNB Price Prediction | Maximum BNB Price Prediction | |
---|---|---|---|
2025 | $460 | $580 | $700 |
2026 | $440 | $550 | $660 |
2030 | $1,290 | $1,620 | $1,950 |
The most likely count indicates that BNB is in the fifth and final wave of an increase that started in May 2022.
If the count is accurate, the most likely target for the top of the increase is $922. Afterward, BNB could begin a lengthy correction that retraces the entire increase, similar to the one after the all-time high.
During this projected downward movement, the BNB price will likely be at $580 and $550 at the end of 2025 and 2026, respectively.
Then, we will use the daily rate of increase for the past three years to make a BNB price prediction for the end of 2030.
BNB has increased by 60% since January 2022. Projecting this increase until the end of 2030 leads to a BNB price prediction of $1,620.
The wave count method gives a BNB prediction range of $460 to $700 for the end of 2025.
The wave count method gives a BNB prediction range of $440 to $660 for the end of 2026.
Using the daily rate of increase for the past three years, we arrive at a BNB prediction range of $1,290 to $1,950 for the end of 2030.
The most likely count suggests that BNB is in the fifth and final wave of an upward movement that started in May 2022 (white). The sub-wave count is in black, showing an ending diagonal to complete the final portion of the upward movement.
While the count is valid, ending diagonals are relatively rare, creating some doubt as to whether this is correct. The lack of viable alternatives makes this possibility the most likely.
The first target for the top of the BNB price increase is at $922, created by the 1.61 external Fibonacci retracement of wave four. If the BNB price continues to trade inside the same channel, it will reach the target in April 2025.
Afterward, the price could begin a lengthy correction that retraces a portion of the entire upward movement since the $190 lows.
The BNB price prediction for the next 24 hours is bullish. The price will likely increase toward the channel’s resistance trend line and next target at $922.
The Average True Range (ATR) measures market volatility by averaging the largest of three values: the current high minus the current low, the absolute value of the current high minus the previous close, and the absolute value of the current low minus the previous close over a period, typically 14 days.
A rising ATR indicates increasing volatility, while a falling ATR indicates decreasing volatility. Since ATR values can be higher for higher-priced assets, normalize ATR by dividing it by the asset price to compare volatility across different price levels.
On Jan. 15, 2025, BNB’s ATR was 25.43, implying relatively low volatility.
The Relative Strength Index (RSI) is a momentum indicator traders use to determine whether an asset is overbought or oversold. Movements above 70 and 30 show overbought and oversold conditions, respectively.
Movements above and below the 50 line also indicate if the trend is bullish or bearish.
On Jan. 15, 2025, the BNB RSI was at 50, indicating neutral conditions.
The CCN Strength Index combines an array of advanced market signals to measure the strength of individual cryptocurrencies over the last 30 days.
Every day, it assigns a strength score, ranging from 0 to 100, to the top 500 assets by market capitalization on CoinMarketCap, focusing on both trend direction and the intensity of price movements.
The index dynamically adapts to rapid changes. For example, an asset experiencing a 100% increase within a short timeframe would see a sharp jump in its score to reflect the intensity of the rise.
However, should that asset stabilize at this new price level, the score will gradually taper down and align with the dampened momentum as the movement normalizes. The same principle applies to rapid declines: a sudden drop will spike the score downward, but the score will slowly adjust back up as volatility decreases.
On Jan. 15, 2025, BNB scored 29.3 on the CCN Index, suggesting weak momentum.
BNB is the biggest centralized exchange (CEX) crypto, so compare it with similar tokens.
We looked at the Bitcoin price history and found the best times to buy BNB.
Day of the Week | Sunday |
Week | 6 |
Month | October |
Quarter | Fourth |
Let’s take a closer look at the Binance price history . While past performance doesn’t necessarily indicate future results, understanding what BNB has done can help us contextualize BNB price predictions.
Period | Binance Price |
---|---|
Last week (Jan. 8 2025) | $706.76 |
Last month (Dec. 15, 2024) | $723.07 |
Three months ago (Oct. 15, 2024) | $598.89 |
Last year (Jan. 15, 2024) | $319.59 |
Five years ago (Jan. 15, 2020) | $18.10 |
Launch price (July 26, 2017) | $0.1059 |
All-time high (Dec. 4, 2024) | $793.35 |
All-time low (Aug. 1, 2017) | $0.09611 |
The market capitalization, or market cap, is the sum of the total number of BNB in circulation multiplied by its price.
On Jan. 15, 2025, Binance’s market cap was $100 billion, making it the fifth-largest crypto by that metric.
As of Jan. 15, 2025, one wallet held nearly 50% of the BNB supply.
On Jan. 1,5 2025, the five wallets with the most Binance (BNB) were:
Supply and distribution | Figures |
---|---|
Total Supply | 144,006,024 |
Circulating supply (as of Jan. 15, 2025) | 144,006,024 (100% of maximum supply) |
Holder distribution | Top 10 holders owned 75.99% of the supply as of Jan. 15, 2025 |
In its technical documentation or whitepaper , Binance says that it was designed to solve the technical limitations, security issues, and token availability issues that plagued exchanges when it first launched.
The whitepaper for Binance’s BNB coin said: “We will issue our token coin, called the Binance Coin. A strict limit of 200MM BNB will be created, never to be increased. BNB will run natively on the Ethereum (ETH) blockchain.”
It is worth pointing out that, in 2019, Binance launched its own blockchain called BNB Chain , on which BNB currently operates.
The Binance cryptocurrency was originally launched in 2017. Initially, it was a token based on the Ethereum blockchain, but in 2019, it migrated to its own blockchain, the Binance Smart Chain. It then rebranded as the BNB Chain in February 2022.
The idea behind the BNB chain is that it serves as a support to not only the exchange but also the entire Binance online ecosystem, which includes the Binance Wallet, Binance Academy training program, the Binance launchpad, which helps people create their own decentralized applications, and its own research project.
The BNB coin pays for fees on the network, and people can buy, sell, and trade it on exchanges. Holders can also vote on proposals regarding the network’s future and stake it in return for rewards.
Something that sets BNB apart from other cryptos is its strong burning program. Binance destroys a certain amount of the coin every quarter. The ultimate aim is to burn 100 million BNB or around half the maximum supply. The last automated burn occurred in July 2024, with more than 1.6 million BNB destroyed, totaling approximately $970 million. The next one should take place within the next six weeks.
Binance’s blockchain uses something called a Proof of Staked Authority. This involves people staking their BNB to be allowed to add blocks to the blockchain and earn rewards for doing so. The Binance platform itself chooses the successful validators.
It is difficult to tell at this time. Although Zhao resigned and his successor, Richard Teng, is looking to the future, there will, at least in the near future, be a dark cloud hanging over the prospects of the BNB coin.
On the other hand, BNB isn’t that far from its December all-time high, so we will have to see if it can break that.
As always with crypto, you should do your own research before deciding whether or not to invest in BNB.
No one can really tell right now. A lot of sites are incredibly bullish in the long term. Like most price predictions, those sites often end up being wrong. Remember, too, that prices can and do go down and up.
Before investing in BNB, you must do your own research on BNB and other coins and tokens linked to cryptocurrency exchanges, such as Crypto.com’s Cronos (CRO) coin. Ultimately, though, you will have to make this decision for yourself. Just remember never to invest more money than you can afford to lose.
Technical analysis by Valdrin Tahiri.
Please note that the contents of this article are not financial or investing advice. The information provided in this article is the author’s opinion only and should not be considered as offering trading or investing recommendations. We do not make any warranties about the completeness, reliability and accuracy of this information. The cryptocurrency market suffers from high volatility and occasional arbitrary movements. Any investor, trader, or regular crypto users should research multiple viewpoints and be familiar with all local regulations before committing to an investment.