As of October 10, 2024, the trend of Binance Coin (BNB) shows some positive signs. According to the analysis of CoinCodex, the current price of BNB is $552.81, and the price is expected to rise by 22.80% to $678.44 by November 3, 2024. In addition, the market sentiment of BNB is currently neutral, and the Fear and Greed Index is 41, indicating that the market is in a state of fear. In the past 30 days, BNB has 18 days (60%) that are up, and the price volatility is 6.23%.
From the perspective of technical analysis, BNB’s 50-day simple moving average (SMA) is $552.82, while the 200-day SMA is $531.75. The 14-day relative strength index (RSI) is 43.13, indicating that the market is in a neutral state. In addition, the short-term and long-term moving average predictions of BNB also show that the price may rise in the short term.
In the long term, the price prediction of BNB also shows an optimistic trend. According to CoinCodex's forecast, by 2025, BNB's minimum price is expected to be $552.49 and may reach a maximum of $1,026.03. By 2030, BNB's price prediction ranges from $1,116.17 to $1,529.19, which means that if the highest price target is achieved, BNB may increase by 176.62% by 2030 compared to the current price.
In addition, according to Cryptonews' analysis, BNB's price may exceed $700 in 2024, may reach $1,100 by 2025, and by 2030, BNB's price may reach $2,500.
It should be noted that although BNB's forecast shows a positive growth trend, the cryptocurrency market is still full of uncertainty, and prices may be affected by a variety of factors, including market sentiment, regulatory changes, and macroeconomic conditions. Therefore, investors should be cautious when making investment decisions and consider multiple information.
