On Monday, leading altcoin Binance (BNB) is trading around the $581 mark. The altcoin has had a fabulous year, surged by nearly 175% in the last 365 days, and investors who took an entry position last year have made stellar profits in the cryptocurrency in 2024.
Also Read: VeChain (VET) October 2024 Price Prediction
Binance Coin (BNB) has steadily received a ‘buy’ call from leading analysts and price prediction firms. The cryptocurrency has been on the buy list for over a year as its price has sustainably scaled up in the indices. Its buying pressure has remained constant with barely a few dips in the last few months.
Also Read: Shiba Inu (SHIB) Flashes Strong Buy Signal, Hints at 55% Rise
Binance Coin (BNB) Forecasted To Reach $1,000: Here’s The Timeline
Leading on-chain metrics and price prediction firm CoinCodex has painted a bullish picture for Binance Coin (BNB). According to the forecast, BNB could surge in value and almost double in price by the end of 2025.
The price prediction estimates that Binance Coin could beach the $1,000 mark and hit $1,036 in 2025. That’s an uptick and return on investment (ROI) of approximately 78% from its current price of $581.
Also Read: Solana’s 7% Surge: Is Now the Time to Invest?
Therefore, an investment of 1,000 in Binance Coin today could turn into $1,780 by the end of 2025. That’s a stellar return in a short period of close to 16 months. BNB is among the most sought-after cryptocurrencies in the market, and investors believe in its long-term prospects.
The confidence in BNB comes after the leading trading platform announced it is expanding. It is opening its presence in new countries around the world, allowing everyone to trade and invest in cryptocurrencies.
Also Read: Pepe Poised To Hit New Peak In October, Dogecoin To Dip
Binance leads the cryptocurrency segment with robust trading volume from users worldwide. Leaving aside the short-term volatility, the BNB coin has solid growth potential in the long term. Its price could be higher by the end of the decade.