BNB to Grow Modestly This Year, Might Tripple by 2025 - Analyst Panel

cryptonews.com:

BNB, the native token of the  Binanceexchange, is forecast to end the year priced at USD 274, potentially hitting USD 781 by 2025, and USD 1,814 by the end of 2030, according to a recent survey by personal finance comparison site Finder.com.

At 14:19 UTC, BNB, ranked 5th by market capitalization, trades at USD 257 and is up almost 7% in a day. The price dropped 15% in a year and 62% from its all-time high of around USD 686, reached in May 2021.

The forecast was provided by a panel of surveyed fintech players, of which 57% said that the US Securities and Exchange Commission (SEC) will accuse Binance of issuing BNB as an unregistered security. A further 30% of the surveyed experts are unsure about this, and only 13% reject such a scenario.

Price-wise, according to the report,

“The panel is far less bullish on BNB than in January 2022, with the panel's July projection for the end of 2022 coming in 48% lower than in January ([USD] 527 in January vs [USD] 274 in July.). 

Looking further into the future, the report stated that, 

"The panel's long-term predictions for Binance Coin aren’t as disparate, with their 2025 prediction coming in 20% under what they said in January ([USD] 975 vs [USD] 781) and their 2030 projection coming in 27% lower ([USD] 2,488 vs [USD] 1,814)." 

At the same time, John Hawkins, a senior lecturer at Australia’s University of Canberra and a member of the panel, is not sold on BNB and sees the token’s price dropping to USD 180 by the end of this year based on its volatility, but also the fact that it “largely follows the price gyrations of Bitcoin and has little real-world use”.

In contrast with this approach, Ben Ritchie, Managing Director of hedge fund manager Digital Capital Management, is bullish on