What can be predicted about the Binance coin in 2022
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The crypto market has started the New Year with little excitement. But projections for market performance for the whole year look pretty bright. A slight uptrend warning signal emerged from traders in various markets.
Coinmarketcap.com data shows approximately 16,238 crypto tokens and about 451 crypto exchanges as of January 1, 2022. The combined market capitalization of all these tokens is currently reached $2.21 trillion.
Based on their past development and performance, let’s discuss crypto market predictions for two popular tokens, Binance Coin (BNB) and Shiba Inu (SHIB).
Binance Coin Predictions
This coin is one of the most popular coins in the world. This crypto is a cryptocurrency issued by the world’s largest cryptocurrency exchange Binance. According to Arcane Research, Binance Coin’s value has grown by more than 1,300%. This digital currency has come as a surprise to traders hoping for Bitcoin or Ethereum. BNB has outperformed the two oldest cryptocurrencies globally, Bitcoin and Ethereum. These virtual currencies also bring the most significant profit margins to their holders.
According to the website CryptoPredictions.com, the price increase of Binance Coin in 2022 will not be the same as in the past year. However, they also predict its maximum price could cross the $600 mark. Its trading value will be in the range of $400-600.
Cryptocurrency exchange Binance has also stated in the media that it also has some development plans in the coming years. They recently committed to invest 100 million euros in France to set up an R&D facility focused on blockchain technology. Binance is also working to curb money laundering through its platform and recently signed up with FINTRAC. It has also recently partnered with CertiK – a crypto and blockchain auditing firm based in New York to develop the ‘Project Shield’ project. This is Binance’s latest security initiative. Also, BEP-20 and ERC-20 based projects listed on Binance centralized exchange will be audited, and Binance will cover its fees.
Shiba Inu virtual currency
An anonymous user nicknamed “Ryoshi” released Shiba Inu in August 2020. It was trading at $0 a year ago, and now it is trading at 0.00003351 dollars. The price was intentionally issued at $0 to benefit the holders. The value of this virtual currency has fluctuated at about 48,722,655.73%. Therefore it also brings quite good benefits to its owner.
According to CryptoPrediction.com, Shiba Inu is expected to deliver double-digit returns to its investors in 2022. The predicted minimum price is $0.000038. And the maximum price it can reach will be around $0.000065.
The creators of Shiba Inu have started building their metaverse called the “Oshiverse.” The development team is also trying to get into decentralized and non-fungible tokens (NFT). This will be an exciting event. If the team succeeds in this project, the demand for SHIB exchange will increase significantly. This can substantially affect the value of this coin in a good way.
Money investors should be careful with their decisions. No one can predict what will happen to the cryptocurrency market in 2022. So consider carefully and don’t miss the good opportunities.