Binance Coin (BNB) is trading at $649.19, a dip of 1.18% at press time. Meanwhile, the trading volume for the past 24 hours had declined to $1.37 billion, representing a drop of 22.71%. BNB had also slipped 2.37% during the past week and had closed in at $649.14. These figures indicate a slight slowdown in price movement; however, that does not seem to affect interest in BNB.
BNB remains a significant cryptocurrency. Authorities anticipate such price fluctuations as the market keeps evolving. Although trading volumes are lower than previously, they still indicate considerable interest among people worldwide. Thus, most of them seem to believe in the future of BNB. Traders are closely watching whether the price will move upward again or continue to decline.
SEC Drops Case Against Binance Providing Regulatory Relief
Crypto expert Crypto Patel recently stated that BNB could soon reach $2,000, calling it “closer than you think.” A couple of reasons support this extremely bullish prediction. One, the SEC has withdrawn its lawsuit against Binance, which is great for the crypto project. Moreover, VanEck has filed to offer a BNB spot ETF, indicating that institutional investors are beginning to take BNB seriously.
Patel also praised Binance CEO Changpeng Zhao, commonly known as @cz_binance, for getting more people to learn about and use cryptocurrency. His leadership would play a significant role in BNB’s future performance. Some analysts believe that under such sustained growth, the price of BNB could reach $5,000 in the long term. As more big investor support comes and regulatory news is positive, BNB will continue to have great momentum to keep rising.
BNB expected to hit 793 dollars early in 2025
DigitalCoinPrice predicts that BNB might be worth nearly $744 by the beginning of January 2025. Towards the end of the year, a price surge over $1,424 is anticipated with $793 set as a near-term target. Analysts also believe that BNB might surpass its previous price records and sustain its position between $1,348 and $1,424. This shows an extremely positive outlook backed by robust market growth along with increasing adoption of BNB.
On the other hand, Changelly offers a more cautious prediction. According to them, the price of BNB in 2025 would be between $550 and $613 with an average set at $676. For June 2025, they predict that BNB could trade between $610 and $676 which implies almost no change or a slight dip in price.
