Along with the surge in demand for bitcoin in 2021, binance coin, which is one of the altcoins with the largest market cap, also shows a high increase in price. The price of binance coin (BNB) from January to February 2021 reaches IDR 4.8 million. Isn't that interesting? So, if you are interested in investing in BNB, let's take a look at the review of BNB price trips from year to year along with BNB price predictions in 2021!
What is BNB?
BNB or binance coin is a crypto asset founded by Changpeng Zhao, in 2017. The name binance itself is a combination of two, namely the word binary and financial. The coin bearing the BNB symbol is launched as an ERC-20 token that runs on the ethereum network. Since its launch, Binance has indeed been used on the Binance cryptocurrency exchange platform.
Basically, Binance allows you to get a discount on the services of the Binance exchange platform, which can then become a decentralized exchange of blockchain assets.
BNB from Time to Time
Reporting from Bitcoin Ethereum News, Binance entered the market for the first time on July 25, 2017 at a price of US $ 0. At the end of August, then Binance reached the price of US $ 3. After going through certain fluctuations, Binance ended its price in 2017 with a trading price of US $ 8 /bnb.
In January 2018, Binance hit a high. It was able to reach US $ 23.35 per bnb making it the most exciting phase for binance investors. Unfortunately this did not last long. In February, most crypto assets are experiencing a downward trend and Binance is no exception. Binance also declined and touched a price below US $ 6.12 in early February.
It didn't take long for Binance to fix its price. Since February 6, 2018, the price of binance has risen sharply by 200% and touched the price of US $ 20. At the end of June 2018, the price of binance touched US $ 16.71. Then it experienced a big roller coaster and the price dropped to US $ 4.34 in December 2018.
In 2019, the binance price continued to move forward and finally broke above the US $ 10 mark. Well, this year is a golden opportunity for investors after experiencing a breakdown in 2018.
In January 2020, Binance is trading for around US $ 13 and gradually increasing to US $ 20 at the end of the month. Furthermore, in mid-February 2020, the price of Binance touched US $ 25 and continued to run towards the price of US $ 30.
Towards the beginning of March 2020, the price of Binance fell drastically and touched lows below US $ 10 and finally traded at the price of US $ 8.9 at the end of March. This month, Binance ended the first quarter with a loss of 3%. However, in the second quarter of this year, the price for binance hit US $ 18 at the end of April. Then at the end of August, the binance price was able to rise steadily and touched the US $ 23 mark.
Binance price fell to US $ 19 in early September and then increased to US $ 31 in mid-September 2020. Then along with the expansion of the bitcoin price rally, binance rose to US $ 32 at the end of November and finally touched the price of US $ 37 at the end. December 2020.
BNB prediction in 2021
Now, after you have seen the price of Binance from year to year, now is the time for you to find out the price of Binance that has been predicted by several parties.
Reporting from Bitcoin Ethereum News, if following the bullish trend the binance price will hit the US $ 62 mark by the end of June and the price will probably swing even further. With certain fluctuations, the binance price is predicted to be in the range between US $ 55 and US $ 57 throughout the year. At the end of 2021, Binance is predicted to touch the price of US $ 61.05.
Meanwhile, according to Digital Coin Price, Binance is predicted to surge to a price of US $ 86.24 in April 2021. Then the price will drop to an annual low of US $ 64.45 in July. However, Binance is predicted to come back stronger than the previous month by hitting a price of US $ 88.35 in September and finishing 2021 at a price of US $ 79.12.
That is a review of the journey of BNB prices from year to year along with the prediction of BNB prices in 2021. Are you interested in investing in this type of crypto asset?