According to Changelly’s BNB ROI calculator, if you invested $1000 in Binance Coin (BNB) in late July 2017, the investment would have grown to $7.12 million today. Your money would have grown by 712,312.83% over the last eight years.

Can You Still Turn $1000 Into $7 Million With Binance Coin?

If you purchase $1000 worth of BNB today, you will receive about 1.319 coins. 1.319 coins to be worth more than $7 million, the price of each coin has to hit $5.3 million. This is a very unlikely scenario. BNB has a maximum circulating supply of 200 million coins. If the value of each coin hits $5.3 million, the project’s market cap would reach unrealistic figures. Hence, it may be too late to turn $1000 worth of BNB into $7 million.

While a $1000 investment in BNB may not yield a $7 million return anymore, the asset is projected to continue rising over the coming years. BNB recently hit a new all-time high of $858.34 on July 28. Binance founder Changpeng Zhao‘s network increased to around $75 billion following BNB’s rise to a new peak. The rally was likely due to positive chain metrics and rising whale activity.

The coin’s price has since fallen by 11.6%, following the market-wide correction. The dip is likely due to global economic uncertainty following President Trump’s tariff impositions. The Federal Reserve’s decision to keep interest rates unchanged may have also spooked investors away from risky assets.

Also Read: Nasdaq-Listed Windtree Therapeutics To Buy $500 Million Of BNB

BNB’s price may pick up steam later this year. Many anticipate the Federal Reserve to cut interest rates in September of this year. A rate cut will likely lead to a surge in risky investments as borrowing becomes easier. BNB and the larger crypto market could experience a massive rebound under such circumstances.