I think this year has been very fruitful for Binance Coin as it rose vertically in price. Its price rose from around $5 to over $35 in a short span of time. So we can easily believe that BNB can hit $ 50 anytime. Now its price has been decreasing only to increase. I believe the coin will hit $50 by the end of 2020.
The decrease happened because of their 'failed' IEO Perlin. If something like this happens again in the future, let's not talk about $50 even $30 is hard enough.
people will not buy something expensive for nothing, they are expecting a good return from it. They might move their money to a cheaper one like Okex for example.
The big mistake on IEO Perlin will be the end of Binance Launchpad. There will be no more hype in the future IEO, Binance already cheated us to keep holding BNB while they dump this shit coin.
My best advice is don't invest in Binance Launchpad anymore.