Despite a few dips during the week, the price of Binance’s native token (BNB) has been measuring a steady climb over the past month. Based on these movements, the crypto community has projected that its ascend will continue.
Specifically, the community at CoinMarketCap, with a historical accuracy rate of 83% and 3,218 votes, has estimated that the digital currency would trade at an average of $447.63 by the end of April 2022.
The forecast price indicates a $1.77 (+0.40%) increase from the DeFi asset’s current value of $445.85.
Meanwhile, the votes from 1,331 community members for the end of May have set a higher growth goal than April’s – estimating that the coin would trade at $467.41 on May 31, which is a $21.56 (+4.84%) increase on the current price.
Based on the performance of projections made over the previous six months, the crypto community has historically anticipated the price of BNB with an accuracy rate of 83.33%.
They expect the token to trade at around $527 by the end of 2022 – an 18.2% gain from its current price.
BNB price analysis
It’s worth noting that at press time, Binance Coin was trading at $445.85, which demonstrates a 0.53% drop from 24 hours ago and a 1.62% gain across the previous week.
As things stand, BNB is the fourth-largest cryptocurrency by market capitalization, which for this token stood at $73.61 billion, according to CoinMarketCap data.
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