Asset supervisor Standard Chartered predicts that Binance’s ecosystem token, BNB, might more than double in value this yr, based on an analyst report reviewed by Cointelegraph.
The asset supervisor sees BNB’s value rising to roughly $1,275 per token by the tip of 2025 and as excessive as $2,775 by the tip of 2028, based on the analysis report.
As of Might 6, BNB trades at almost $600 per coin, for a totally diluted worth (FDV) of roughly $84 billion, based on data from CoinMarketCap.
“BNB has traded virtually precisely in line with an unweighted basket of Bitcoin and Ethereum since Might 2021 in phrases of each returns and volatility,” Geoff Kendrick, an analyst at Standard Chartered, wrote in the analysis be aware.
“We anticipate this relationship to proceed to carry, driving BNB’s value from round USD 600 at present to USD 2,775 by end-2028.”
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‘Old style’ community
The BNB token is the native cryptocurrency of Binance BNB Chain, a layer-1 (L1) blockchain community affiliated with the world’s largest centralized trade (CEX).
The BNB Chain has much less developer exercise than L1s corresponding to Ethereum or Avalanche and its ecosystem is relatively “old school”,” Standard Constitution mentioned.
More than 60% of the community’s onchain financial exercise entails decentralized exchanges (DEXs), in comparison with a more numerous unfold on different L1s, it mentioned.
Nonetheless, the asset supervisor famous that this might additionally function a supply of stability for BNB Chain.
“Assuming Binance stays one of many largest CEXs, BNB’s worth drivers are unlikely to alter anytime quickly,” Geoff Kendrick, an analyst at Standard Chartered, wrote in the analysis be aware.
“Given this, we see potential for BNB to function a type of benchmark, or common, for digital asset costs more broadly,” he added.
BNB Chain is the fourth largest L1, with almost $6 million complete worth locked (TVL), based on data from DeFiLlama.
On Might 5, asset supervisor VanEck filed to checklist the first BNB exchange-traded fund (ETF) in the US.
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