Binance Coin is the fourth largest cryptocurrency in the market with a capitalization of $56 billion. The cryptocurrency rose to popularity amidst the bull run of 2021 as it started off the year with a price level of $37.30 and peaked at $690 – a staggering 1,750% increase. At the time of press, BNB coin stands at a price level of $336. It has reversed some of its gains of the bull run but seeing how the cryptocurrency is still operating in three-digit price levels, questions about its future arise.

The bull run was meant to help most – if not all – cryptocurrencies reach towards the moon. But BNB coin is still considered one of the best bets in the market. Why?

What sets Binance Coin apart?

For any security or asset, the key to successfully investment is belief in its underlying technology. The cryptocurrency market is highly speculative with prices jumping up and down without any logical explanation. Where speculation runs the market, it becomes harder to identify cryptocurrencies that have an actual offering. But it is unlocking this secret which will prove to be essential for your success as an investor.

Binance coin – like very few other cryptocurrencies – have a very strong underlying technology. It is the token of one of the largest cryptocurrency exchanges – Binance. BNB was initially launched as an ERC-20 token on the blockchain of Ethereum, back in 2017. But the coin has come a long way and now operates on its own blockchain – Binance smart Chain. Binance Smart Chain or BSC is the other piece of the puzzle of the success of BNB.

Binance Coin powers both its exchange Binance and blockchain Binance Smart Chain and it is this offering which makes BNB so unique. BNB is used as a discount token on Binance to pay for fees and it is also utilized to fuel BSC.

Binance Smart Chain is a parallel chain that allows smarts contracts to be run on it for dApp and DeFi services. BSC is similar to Ethereum but much more efficient. The network is more affordable in terms of gas fees than Ethereum which has caused a boost in its usage – which ultimately boosts BNB coin.

What is the future outlook of the BNB coin?

According to DeFi.Prime, BSC is the second-largest DeFi platform with 37 active projects. The DeFi sector has been surging and it is expected to continue so. This rise will help DeFi platforms like BSC to continue accumulating growth. Moreover, with Binance being the largest cryptocurrency exchange, the growth of the crypto space will cause a ripple-effect growth in Binance and, hence, BNB coin.

With such strong technologies lying beneath BNB coin, the future seems to be more than bright. Wallet Investor predicts the cryptocurrency to be operating at $665in a year’s time while BNB is expected to reach $1,993 in five years’ time – nearly 500% gains. Digital Coin Price projects the year to end with $523 and the price level of $1,481 to be reached by 2028.