Unhurriedly and steadily Binance Coin (BNB) has become one of the most beneficial cryptocurrencies by market cap. Above all, the evolution of the biggest trading platform for cryptocurrencies, Binance, assures that the BNB has grown in value massively in recent years. This article is all about what is the Binance Coin forecast for 2035. Let’s take a look at it in more detail.

What is Binance Coin (BNB)?

The Binance Coin (BNB) is the native cryptocurrency of the Binance trading platform. Binance has been by far the largest cryptocurrency trading exchange for some time. The BNB is operated on Binance for trading and paying fees. Due to the massive growth of Binance, the BNB has also become one of the largest cryptocurrencies on the market.

The Binance Coin was launched in 2017 as an ERC-20 token. Since 2019, the BNB has been running on its own blockchain, the Binance Chain. Esteemwise, Binance launched the Binance Neat Chain in parallel with the Binance Chain to enable the integration of smart contracts. This year the merger to form the BNB Chain took place. 

BNB is Binance’s native tokenIt functions as a utility token on the platform that users can purchase, trade, and interact with. The use of BNB decreases transaction fees when trading cryptocurrencies.

How has Binance Coin (BNB) moved over the past few months?

Binance Coin (BNB) has witnessed more vertical losses over the past few months amid the bear market. In the 2021 bull market, BNB hit an all-time high of $690 in May. In November 2021, the BNB was able to reach similar heights with over $650. But in November the bear market began and prices dropped sharply.

In 2022, the BNB was only worth $527. In January, BNB witnessed heavy losses before its price was able to recover in the following months. But in May 2022 another heavy crash started. BNB reached its low of $197 in mid-June. In the weeks that followed, the price stabilized again. At the beginning of October, the BNB rate was $282. At the time of writing this, the BNB coin is trading at $294.98.