During the crypto market crisis, investors started questioning all tokens, including Bitcoin. But digital currencies are making a big comeback, so is it now time to visit that BNB to BTC exchange you planned? Before you go ahead with the trade, here’s a quick overview of the current state of these two tokens and their comparison!
What Do We Know About BNB?
The history of the BNB token goes back to 2017. It appeared around the same time as the famous Binance exchange, but it was initially an ERC-20 coin. After Binance launched its BNB Chain, the token started serving as its native coin.
With the estimation that over two million people have used BNB at least once, there’s no doubt it has a huge potential. Today it has multiple use cases, including:
- Using it on the Binance exchange. You can pay for transactions but also get discounts on Binance DEX.
- Serving as a payment solution. You can use the Binance Card and pay at many online and offline points, including booking flights, hotels, and purchasing various items.
- Utility token on the BNB Chain. It’s usable in many dApps and games, and it also serves to pay for transaction charges.
BNB is currently among the top five coins in the crypto rankings, with its value set at about $312. If we go back a few years, we see that the coin’s all-time high was $690.93 in 2021. BNB suffered a huge hit during 2022, with its value going under $220 at a couple of points. However, it started bouncing back, following the overall positive trends in the crypto market.
BNB Price Forecast
Unlike the XxXCoin price, the value of BNB promises consistent growth. The forecast is encouraging, too, and some experts even believe the value will increase by over 100% in the next 12 months. It’s true that it seems more optimistic, but everyone agrees that BNB will continue growing until the end of 2023. Its value could be anywhere from $355 to $425, according to PricePrediction.net.
BNB should exceed its all-time high in 2025, with its maximum for that year placed at over $800. By 2030, the coin could reach no less than $5,000, showing huge growth potential.
BTC Market Performance
Bitcoin has become the foundational element of the entire crypto market. It’s the first digital currency that gained worldwide popularity, and it’s still dominating altcoins. The idea was first given in 2009, and it took a few years to kick things off. BTC offers a revolutionary form of payment not controlled by a central authority and without the need for a third party to take part in financial transactions.
Once Bitcoin topped the crypto ranking, it never left the first position. Its value was the highest in 2021 when it even reached $68,789. The poor year for the crypto market in 2022 affected most currencies, and BTC suffered a huge drop to under $17,000. The latest information shows it’s making a comeback since the token is now valued above $28,300, and the growth trend is likely to continue.
BTC Price Forecast
Bitcoin halving events should happen in 2024 and 2028, and that’s likely to have a positive effect on the coin’s value. Before the halving occurs, you shouldn’t expect BTC value to grow too much. It could, however, reach up to $34,000 by the end of 2023. But in the next 12 months, that value is likely to go beyond $45,000.
As for breaking its all-time high, BTC might do that in 2025 or 2026, when it could even reach $100,000. If the crypto market has a positive future, the investors predict for it, Bitcoin will be leading it, and its value in 2030 could reach $500,000 and even exceed $1 million in 2032.
Is It Worth Exchanging BNB to BTC?
It’s a decision for you to make, but if there’s anything we learned from the past, it’s that Bitcoin is leading the crypto market. If the entire market keeps developing, and predictors believe that will happen, BTC will lead the growth. That means now could be the right time to jump on board and trade BNB for BTC, but make sure that you analyze all the factors and are okay with the decision first.
