Binance Coin (BNB) Price Prediction 2025-2030: BNB continues to falter

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Disclaimer: The datasets shared in the following article have been compiled from a set of online resources and do not reflect AMBCrypto’s own research on the subject.

Binance Coin (BNB) is a digital currency launched by the world’s largest crypto exchange, Binance, in 2017. The launch of BNB was made possible through an Initial Coin Offering (ICO), which took place from 26 June to 3 July 2017. During the ICO, the issue price for BNB was 1 Ether (ETH) for 2,700 BNB or 1 Bitcoin (BTC) for 20,000 BNB. 

Read Price Prediction for Binance Coin [BNB] 2023-24

Initially, BNB was issued as an ERC-20 token on the Ethereum network, with a total supply of 200 million coins. Of these, 100 million coins were offered during the ICO. However, the current total supply has decreased due to periodic burning events and a real-time burning mechanism.

BNB has multiple use cases both within the Binance ecosystem and beyond. One of the primary uses of BNB is to pay transaction fees on the Binance exchange, where it offers a discount. Additionally, the token also powers the Binance DEX, which operates on the Binance Beacon Chain, and hundreds of other applications that are running on the Binance Smart Chain (BSC).

In the early days of BNB, its price was relatively stable and showed steady, gradual growth. However, in the past year, the price of BNB saw some significant fluctuations.

In late 2020, BNB experienced a significant bull run, reaching an all-time high of nearly $40 in December of that year. This was driven in part by the overall bull market in the cryptocurrency space, as well as a strong demand for BNB as a utility token on the Binance platform.

In 2021, Binance and its blockchain network gained popularity, causing the value of BNB to