3 months ago
The autochthonal token of Binance's BNB Chain could pat $1,275 by the extremity of 2025, the plus manager said.
Asset manager Standard Chartered predicts that Binance’s ecosystem token, BNB, could much than treble successful terms this year, according to an expert study reviewed by Cointelegraph.
The plus manager sees BNB’s terms rising to astir $1,275 per token by the extremity of 2025 and arsenic precocious arsenic $2,775 by the extremity of 2028, according to the probe report.
As of May 6, BNB trades astatine astir $600 per coin, for a afloat diluted worth (FDV) of astir $84 billion, according to data from CoinMarketCap.
Price forecasts for BNB. Source: Standard Chartered“BNB has traded astir precisely successful enactment with an unweighted handbasket of Bitcoin and Ethereum since May 2021 successful presumption of some returns and volatility,” Geoff Kendrick, an expert astatine Standard Chartered, wrote successful the probe note.
“We expect this narration to proceed to hold, driving BNB’s terms from astir USD 600 presently to USD 2,775 by end-2028.”
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‘Old-fashioned’ network
The BNB token is the autochthonal cryptocurrency of Binance BNB Chain, a layer-1 (L1) blockchain web affiliated with the world’s largest centralized speech (CEX).
The BNB Chain has little developer enactment than L1s specified arsenic Ethereum oregon Avalanche and its ecosystem is comparatively “old-fashioned”,” Standard Charter said.
BNB’s ecosystem is dense connected DEXs. Source: Standard CharteredMore than 60% of the network’s onchain economical enactment involves decentralized exchanges (DEXs), compared to a much divers dispersed connected different L1s, it said.
However, the plus manager noted that this could besides service arsenic a root of stableness for BNB Chain.
“Assuming Binance remains 1 of the largest CEXs, BNB’s worth drivers are improbable to alteration anytime soon,” Geoff Kendrick, an expert astatine Standard Chartered, wrote successful the probe note.
“Given this, we spot imaginable for BNB to service arsenic a signifier of benchmark, oregon average, for integer plus prices much broadly,” helium added.
BNB Chain is the 4th largest L1, with astir $6 cardinal full worth locked (TVL), according to data from DeFiLlama.
On May 5, plus manager VanEck filed to database the first BNB exchange-traded fund (ETF) successful the United States.
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