Swapping BNB for BTC: How to Stay on Trend?

With the crypto market picking significant momentum, investors are looking at the top blue chip tokens for their long-term play.

In an eventual bull market, the top cryptos by market cap usually remain the safest bets when it comes to making steady gains. 

BNB and Bitcoin have managed to remain at the top of their game in the last bear market. And after the significant BNB rally from last week, it might be a good moment to convert BNB to BTC immediately. 

In this article, we analyze both these assets and provide you with the latest developments in their respective ecosystems. Additionally, we provide price predictions from reputable sources that should provide you with an edge when trading BNB to BTC. 

What Do We Know About BNB?

Let’s begin our BNB to BTC comparison with some basics on BNB. BNB is the utility cryptocurrency of the Binance ecosystem. It has multiple use cases on the Binance exchange as a rebate asset for reduced trading fees. 

In addition, it acts as gas on the BNB chain. This blockchain is one of the most popular smart contract networks on the globe. It has boosted DeFi adoption thanks to thousands of functional decentralized applications. Consequently, BNB remains a cryptocurrency in high demand, as it's needed to pay for gas fees on this blockchain. 

Moreover, BNB provides investors access to the Binance launchpad. This popular platform allows individuals to invest in upcoming projects very early and benefit from the upside opportunity. 

BNB Price Prediction

In recent weeks, BNB performed very well. The token suffered a lot of fear, uncertainty, and doubt (FUD) following the SEC’s crackdown on Binance’s operations. During the bear market, the price of BNB fell as low as $205. 

However, there has been some significant positive price action lately, with BNB reaching $320. That said, many believe that this could act as a level of resistance for BNB and that we should expect a pullback. 

Priceprediction.net provides a bullish forecast for 2024 with a target price of $569. For the longer term, we should expect BNB to reach $1,152 in 2026. 

BTC Updates

Bitcoin doesn’t really need an introduction, as it’s the original cryptocurrency that jumpstarted the entire industry. However, some major developments in the ecosystem are pushing towards some significant upside price action. 

• Possible SEC spot ETF approval — the SEC is considering the approval of multiple spot ETFs for Bitcoin. If they pass, this could mean that institutions could inject billions of dollars by investing in Bitcoin. 

• Bitcoin 2024 halving — in April 2024, the BTC rewards for mining new blocks on the network will be cut by half. This event usually signifies the beginning of a new bullish cycle for Bitcoin and new all-time highs. 

Let’s take a look at some price predictions that consider these events. 

BTC Future Price

Bitcoin has performed admirably in 2023, increasing the price from $15,800 to the current $42,500. This steady growth pushes analysts to provide the following bullish forecasts. 

Priceprediction.net provides a target of $76,150 in 2024, surpassing the previous all-time high. For 2026, the website predicts a price of $156,623, putting Bitcoin at a six-figure level. 

Digitalcoinprice.com is even more bullish for the short term. They provide a price of $110,347 for 2024. 

BNB to BTC: Market Analytics

In the crypto market, Bitcoin remains king when it comes to momentum. Altcoins like BNB depend on BTC’s price movement before they can pick up any significant upside action. Consequently, Bitcoin could lead the market to new heights, providing the best short-term play. 

However, once volume picks up, BNB could outperform Bitcoin in the long run. Consequently, you should keep an eye on the trends to know when to switch from BTC to BNB. 

BNB to BTC Exchanging: Is It Worth It?

Currently, many believe that BNB might lose some of its momentum after jumping nearly 50% in a single week. This is a great opportunity to put your profits into BTC and wait for another retracement to buy BNB at a lower price.