Binance Price Predictions: Where Will the BNB Crypto Go Amid SEC Investigation?

As investors respond to an SEC inquiry, Binance (BNB-USD) price expectations are top of mind this Tuesday.

Binance is being investigated by the Securities and Exchange Commission (SEC) for its five-year-old initial coin offering (ICO). Binance may have marketed unauthorized assets as part of the offering, according to new reports. The SEC has been cracking down on initial coin offerings, and it seems like BNB is the next target.

A new article regarding operations on the Binance cryptocurrency market has added fuel to the flames. Between 2017 and 2021, the exchange was allegedly used for "hacks, investment scams, and drug sales," according to the investigation. According to CoinTelegraph, at least $2.35 billion in transactions are associated with these operations.

All of this presents a bleak image for the BNB-USD pair, but let's see what the experts have to say about it!

Price Predictions for Binance

With a one-year price projection of $552.77 per coin, WalletInvestor is at the top of our list.

The next price forecast for BNB is $588.64 a year from now, according to Gov Capital.

With an average estimate of $402.23 for 2023, DigitalCoinPrice rounds up the list of Binance price forecasts.

To put those price expectations in context, Binance is now trading at about $283.

As of Tuesday afternoon, BNB was down 5.4 percent over the previous 24-hour period.