Cryptocurrencies are known to be extremely volatile, but that doesn’t make them utterly unpredictable: after all, there are still fundamental factors that affect the price of every coin in the long term. It means long-term predictions are difficult to make, but with enough experience and expertise, it is still possible for crypto market experts. Traders Union analysts have recently published their forecasts for BNB and SOL that stretch out to 2030. According to Traders Union predictions, BNB can reach $5,000 by 2030, and SOL might cost about $444 by then.
Will BNB actually grow?
BNB (or Binance Coin) is a popular cryptocurrency issued by Binance, the largest crypto exchange in the world right now. BNB is used to fuel the entire Binance ecosystem and has a wide range of useful applications. That makes the coin very sought after and keeps its price relatively stable in the medium term. The price of BNB peaked at about $650 in 2021, and now it’s traded around $300. However, it is definitely essential for the crypto market and therefore has all the reasons to grow in the near future. It is currently ranked fourth overall in terms of capitalization, right behind BTC, ETH, and USDT.
Traders Union experts have reviewed all the possible factors that might affect the price of the coin, but the most obvious factor here is definitely the success of Binance itself. However, the exchange seems to thrive, and there are almost no risks that we’ll see another serious decline of the BNB price. On the contrary, the experts expect it to recover at a fairly fast pace: their BNB price prediction suggests that BNB is going to cost more than $400 by August and reach the bar of $500 by December 2023. But it’s just their most conservative scenario, and the optimistic one expects BNB to reach $600 by the end of the year.
The long-term BNB prices are also expected to be pretty high: the experts claim that Binance Coin will reach $700 by the beginning of 2025 and exceed $1,000 by the end of that year. In 2030, the token is expected to cross the $4,000 bar and possibly reach $5,000 or more.
What will become of SOL?
SOL is the native token of Solana, a crypto platform designed for decentralized finance applications. It allows quick and cheap transactions, and that makes the coin relatively popular: it currently ranks 11th among all the cryptocurrencies by market capitalization. We won’t talk about the short-term SOL stock forecast now, let’s just focus on the long-term predictions. The coin is expected to grow moderately: it can reach the $35 bar by the end of 2023. In 2025, it’s expected to cost about $62 on average, but it’s not quite certain because of the current situation on the crypto market. In 2030, Solana might even hit the $300 bar and reach the price of about $350, according to Traders Union experts.
