Asset Manager Standard Chartered predicts that Binances ecosystem token BNB could greater than double this yr, in line with a analyst report examined by CoinTelegraph.
The asset manager rises by the tip of 2025 and until the tip of 2028 to approx. $ 1,275 per token per token.
From May sixth, BNB will act with almost 600 USD per coin with a completely watered value (FDV) of approx. 84 billion US dollars.
Price forecasts for BNB. Source: Standard Chartered
“BNB has reconciled almost exactly with an unknown basket of Bitcoin and Ethereum since May 2021, each by way of returns and volatility,” wrote Geoff Kendrick, analyst at Standard Chartered, within the Research note.
“We assume that this relationship will proceed to be held and that the BNB price will drive from around $ 600 to $ 2,775 by the tip of 2028.”
“Old -fashioned” network
BNB token is the native cryptocurrency of the Binance BNB chain, a blockchain network (L1) that’s connected to the world's largest central exchange (CEX).
The BNB chain has fewer developer activities than L1s resembling Ethereum or Avalanche and its ecosystem is relatively “old-fashioned,” said Standard Charter.
More than 60% of the Onchain management of the network contain decentralized stock exchanges (Dexs) in comparison with a more varied spread to other L1s.
However, the asset manager stated that this might also function a source of stability for the BNB chain.
“Assuming that Binance continues to be considered one of the biggest CEXs, BNB's value solvers will probably not change soon,” Geoff Kendrick, Analyst at Standard Chartered, wrote in Research Note.
“In view of this, we see the potential that BNB serves as a benchmark or average shape for digital asset prices within the broader sense,” he added.
The BNB chain is the fourth largest L1 with a complete value of virtually 6 million US dollars (TVL).
On May 5, Asset Manager Vaneck submitted the primary BNB stock exchange fund (ETF) within the United States.
