Asset Manager Standard Chartered predicts that the Binance ecosystem token, Bnbcould more than double this price this year, according to an analyst report examined by Cintelelegraph.
The active manager sees the price of BNB increase to about $ 1,275 per token by the end of 2025 and up to $ 2,775 by the end of 2028, according to the research report.
As of May 6, BNB was negotiated at nearly $ 600 per room, for a fully diluted value (FDV) of around 84 billion dollars data from CoinMarketCap.
“BNB has exchanged almost exactly in accordance with an unwindled Bitcoin and Ethereum basket since May 2021 in terms of yields and volatility,” wrote Geoff Kendrick, analyst at Standard Charterd, in the research note.
“We expect this relationship to continue, leading to the price of BNB between 600 USD currently at 2,775 USD by the end of 2028.”
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“Old -fashioned” network
The BNB token is the native cryptocurrency of the BNB Binance channel, a layer 1 blockchain network (L1) affiliated with the largest centralized exchange in the world (CEX).
The BNB chain has less activity of developers than L1s such as Ethereum or Avalanche and its ecosystem is relatively “old -fashioned,” said the standard charter.
More than 60% of ONCHAIN’s economic activity of the network involves decentralized exchanges (DEX), compared to a more diverse spread on other L1, he said.
However, the asset manager noted that this could also serve as a source of stability for the BNB channel.
“Assuming that Binance remains one of the largest CEX, it is unlikely that BNB value engines immediately change anytime,” wrote Geoff Kendrick, analyst of Standard Chartered, in the research note.
“Given this, we see the BNB potential to serve as a reference form, or average, for the prices of digital assets more widely,” he added.
The BNB channel is the fourth largest L1, with nearly $ 6 million of total locked value (TVL), according to data de Defillama.
On May 5, the asset manager Vaneck filed a file First BNB negotiated fund (ETF) in the United States.
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