The crypto market may be going through hard times, but that doesn’t mean it won’t recover.
There are actually enough reasons to believe it will grow in the near future. In a recent Traders Union article, the company’s experts have listed the most important reasons that major cryptocurrencies will be growing soon and presented their Binance coin price prediction that stretches out to 2035.
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Will Binance Coin actually grow back?
Binance Coin (traded under the symbol BNB) is the native cryptocurrency of Binance, by far the most popular crypto exchange in the world. Created as a utility token for lower fees in 2017, the coin has an impressive variety of applications now, including financial services and online booking. All that makes the coin a very attractive asset: BNB currently ranks fourth among all cryptocurrencies by market cap, with only BTC, ETH, and USDT ahead of it. It’s an essential part of the crypto market now, and that is just one reason to believe it has a bright future ahead.
Traders Union experts have reviewed all the basic factors that determine the BNB price and published three different scenarios for its future. Basically, they expect it to cost about $637 by the end of 2023 if the market continues to recover actively. However, that is the most optimistic estimate; the experts are much less ambitious in other scenarios. Their average forecast for BNB is about $580, and their most conservative prediction is just $520 by the end of the year. However, even if the least optimistic option is going to happen, BNB still remains a potentially profitable investment.
In 2025, the experts expect BNB to reach about $1,000 on average. The most optimistic forecast is up to $1,200 by the end of that year, and the minimum estimate is around $983. In 2030, they expect the coin to cross the $4,000 bar to reach $5,000 by the end of that year, and that is the most conservative forecast. The experts suggest that it may cost $5,500 on average, and their maximum estimate is over $6,100 by the end of 2030. More distant forecasts can’t be too precise, but the experts claim that BNB can reach $10,000 in the beginning of 2035.
What will become of other coins?
Traders Union analysts make forecasts for other coins as well, and it seems that most of them can still be quite profitable in the long term if the market grows back soon. For example, many crypto investors keep asking: will Cardano go up? The experts are sure that ADA isn’t dead. While it has dropped 60% during the past year, it shows some signs of recovery now. Their average forecast for the end of 2023 is somewhere around $0.57. In 2025, ADA can reach $1, according to Traders Union.
“Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions.”
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