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Cryptocurrency market shows many altcoins heading towards a negative weekly close, with Binance Coin (BNB) among them. However, artificial intelligence (AI) platforms predict a recovery and further rise as the year ends. Binance Coin has gone through a tough period like other cryptocurrencies, experiencing a drop of over 1.5% in the last 24 hours, while the gains since the start of 2024 have continued strongly, exceeding 75%, with losses still ongoing today.
What Will Be the Price of BNB?
One AI algorithm, focusing on historical BNB price movements, technical analysis (TA) indicators, various charts, and impactful events, predicts that BNB could reach $838.12 by December 31, 2024, which would represent a potential increase of 54.10% if realized.
On the other hand, AI prediction platform CoinPriceForecast suggests that BNB’s price could see a 160% increase by the end of the year, reaching $1,416, and its AI predicts a potential mid-year price of $1,500 for 2025, settling at $1,336 by the end of that year.
Additionally, OpenAI’s ChatGPT, based on current data and considering the ongoing upward trend, set a target above the current price level, predicting BNB could surpass $550 as a 2024 target.
Considering that BNB’s current price is $543 and some end-of-2024 predictions exceed this, combined with optimistic market sentiment, we can conclude that Binance Coin has strong potential to continue its upward trend.
How Much Is BNB Worth?
As of this writing, BNB is trading at $543.70, having experienced a 1.5% decline in the last 24 hours. Over the last seven days, the price has seen a 6.84% decrease, while data from March 22nd shows a 47.31% positive value in the last 30 days’ price movement.
Furthermore, the BNB Smart Chain (BSC) continues to experience increased activity with a rising total value locked (TVL) and numerous transactions over the past month. All these factors are considered to potentially contribute to a positive outlook and price recovery for BNB in the future.
