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Binance Coin Price Predictions: Where Will Crypto BNB Go Amid Regulatory Hurdles?

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A top 5 cryptocurrencies by market capitalization, Binance Coin (CCC:BNB-USD) is among the most watched pieces on the market. On a day like today, Binance Coin price predictions tend to get a lot more attention as investors consider its longer-term potential.

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The native coin of the Binance network, Binance Coin has seen interest increase alongside the growth of decentralized applications built on the Binance Smart Chain. Whether it’s the Binance decentralized exchange or another project, there’s a lot of growth built into the Binance network. So, those looking to play this growth have been searching for BNB crypto in droves.

However, lately, various concerns around a Reuters report that highlighted Binance’s relatively lax approach to money laundering and additional anti-advertising regulations enacted in several markets, has some investors worried about Binance’s growth prospects.

The Binance CEO suggests that these concerns are likely overblown. The increased demand for crypto services is likely driving much of this regulation. Indeed, such arguments continue to be made, with some in the crypto community suggesting that regulation might be a good thing.

With that said, let’s dive into where experts see Binance Coin heading from here.

Binance Coin Price Predictions

For context, BNB is currently trading at $365.

  • WalletInvestor provides a 1-year and 5-year price target of $789.61 and $2,449.81, respectively, for BNB.
  • DigitalCoinPrice BNB projects could be worth $584.62 in 2023 and $1,527.34 in 2029.
  • Additionally, CoinQuora suggests that a short-term price target of $700 might be achievable. That is, if a bullish environment sets in.
  • Finally, Gov.Capital gives a one-year and five-year price target for BNB. These targets are $597 and $2,182.50 respectively.

As of the date of publication, Chris MacDonald had (neither directly nor indirectly) any position in the securities mentioned in this article. The opinions expressed in this article are those of the author, subject to InvestorPlace.com publishing guidelines.

Binance Coin Price Predictions: Where Will Crypto BNB Go Amid Regulatory Hurdles?

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