Binance Coin (BNB) is currently trading around $300. As a matter of fact, BNB is facing intense resistance at these levels.
BNB fell from $335 this week after Paxos was ordered to halt issuance of Binance USD stablecoin (BUSD). Paxos is under an ongoing investigation by regulators in New York, as the SEC plans to sue the firm for issuing BUSD.
Since the news broke, Binance Coin has been struggling with worse conditions. Whales also started selling the asset after this news. How might future price action be shaped as BNB continues to trade at an average of $300?
Can Binance Coin Reach $1000?
Binanceis the most trusted platform in the cryptocurrency space, leading the markets by ranking among the best. The native token BNB has faced a few hurdles but has managed to stay stable in the indices despite a few ups and downs. When BNB is currently at $300, when can it reach $1,000? This represents an increase of about 350% from their current level.
Koinfinans.com As we reported, Finder’s panel predicts when BNB will reach the $1,000 level, based on the opinions of around 58 cryptocurrency experts. According to Finder’s panel, BNB could more than double its price to $781 by 2025. This represents an increase of about 157% from current levels in two years.
However, experts also predicted that Binance Coin could touch $1,000 levels by the end of 2030. According to the panel, BNB could be priced at $1,814 in 2023, which is a 600% increase from today’s levels.
BNB’s plan to support the tier-2 chain in the future will also help resolve gas fees issues.
At the time of writing, Binance Coin was trading at $298 and was up 1.6% in 24-hour daily trading. BNB is trading down 56.57% from its all-time high of $686, which it reached in May 2021.