On the occasion of Binance’s seventh anniversary, AI talks about the prospects of BNB:
1. Price prediction: There are predictions that the price of BNB may reach a maximum price of $788 by 2024, and by 2030, with widespread acceptance in the mainstream financial sector, the price of BNB may soar to $7,863.
2. Technical analysis: Current technical analysis shows that BNB price is showing a bullish trend. The price has increased in the past 24 hours and the support level is strong, showing positive market sentiment.
3. Investment value: Judging from historical data, the price of BNB has been rising since its issuance, especially reaching a peak of more than $400 in 2021. Despite market fluctuations, BNB, as the platform currency of Binance Exchange, has the functions of paying transaction fees, participating in activities, and obtaining discounts, showing that it has a certain investment value.
4. Market sentiment and regulatory policies: Market sentiment and regulatory policies have a significant impact on BNB prices. For example, recent market panic and strengthened supervision have led to price declines, but in the long term, as the market matures and supervision is improved, BNB's market prospects remain optimistic.
5. Technology and ecological development: BNB is developed based on the Ethereum blockchain and has the technical advantages of efficiency, security, and scalability. With the development of blockchain technology, BNB's competitiveness and market demand are expected to further improve.
6. Market position: As the native token of the world's largest cryptocurrency exchange, BNB's market position is increasingly consolidated and is expected to continue to maintain its leading position in the market.
7. Buyback and destruction: BNB’s buyback and destruction mechanism causes deflation, which theoretically helps the currency price rise. Binance will use part of its net profits to repurchase BNB and destroy it every quarter until the total amount drops to 100 million.
8. Recent developments: BNB prices have fluctuated greatly recently, affected by market sentiment and regulatory policies. But in the long term, BNB has high investment value due to its technological advantages and ecological development.