BNB, the native cryptocurrency of Binance’s ecosystem, has become a behemoth in just a span of a few years, gaining a market capitalization of $42 billion and a daily trading volume of $8 million.
Starting from a price of $0.1 in 2017, BNB recorded an all-time high of $690 last year (in May 2021). Since its inception, it has given a ROI of a whopping 230,184.69% (the estimated return on investment if bought at the time of launch or at the earliest known price).
BNB is currently trading at $264.82, which is 61.60% down from its all-time high. BNB has seen a 7.19% price decline in the last week and a 4.24% decline in the last month. Its value has slumped by 3.70% in the last 3 months and by 49.78% in the last year.
However, according to Cryptopredictions.com, BNB will cross the $500 mark by 2026. Given BNB’s all-time high and its market capitalization, it is very likely that BNB will breach the $500 barrier in the next bull run (or in the coming years).
Here’s How Much Your $100 Investment in Binance Coin Will Be Worth If BNB Reaches $500
Let’s assume that you decide to invest $100 in Binance coins. At the current price of $264.82, you would get approximately 0.377 BNB coins. If BNB reaches $500, you will make approximately $188.80, which is a 1.8x (or 180%) return on investment.
Similarly, if you buy $1000 worth of BNB today at the current price, you will get 3.77 BNB coins. When BNB reaches $1, you will make approximately $1888 on your investment.
Disclaimer: This is not investment advice. Please do your due diligence before investing in any asset.
Dhirendra is a writer, producer, and journalist who has worked in the media industry for more than 3 years. A technology enthusiast, a curious person who loves to research and know about things. When he is not working, you can find him reading and understanding the world through the lens of the Internet. Contact him at [email protected]
The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.