Standard Chartered sees BNB more than doubling in 2025

Airdrop Is Live CaryptosHeadlines Media Has Launched Its Native Token CHT. Airdrop Is Live For Everyone, Claim Instant 5000 CHT Tokens Worth Of $50 USDT. Join the Airdrop at the official website, CryptosHeadlinesToken.com Asset manager Standard Chartered predicts that Binance’s ecosystem token, BNB, could more than double in price this year, according to an analyst report reviewed by Cointelegraph. The asset manager sees BNB’s price rising to approximately $1,275 per token by the end of 2025 and as high as $2,775 by the end of 2028, according to the research report. As of May 6, BNB trades at nearly $600 per coin, for a fully diluted value (FDV) of approximately $84 billion, according to data from CoinMarketCap.Price forecasts for BNB. Source: Standard Chartered“BNB has traded almost exactly in line with an unweighted basket of Bitcoin and Ethereum since May 2021 in terms of both returns and volatility,” Geoff Kendrick, an analyst at Standard Chartered, wrote in the research note. “We expect this relationship to continue to hold, driving BNB’s price from around USD 600 currently to USD 2,775 by end-2028.”Related: How much Bitcoin can Berkshire Hathaway buy?‘Old-fashioned’ networkThe BNB token is the native cryptocurrency of Binance BNB Chain, a layer-1 (L1) blockchain network affiliated with the world’s largest centralized exchange (CEX). The BNB Chain has less developer activity than L1s such as Ethereum or Avalanche and its ecosystem is comparatively “old-fashioned”,” Standard Charter said. BNB’s ecosystem is heavy on DEXs. Source: Standard CharteredMore than 60% of the network’s onchain economic activity involves decentralized exchanges (DEXs), compared to a more diverse spread on other L1s, it said.However, the asset manager noted that this could also serve as a source of stability for BNB Chain. “Assuming Binance remains one of the largest CEXs, BNB’s value drivers are unlikely to change anytime soon,” Geoff Kendrick, an analyst at Standard Chartered, wrote in the research note. “Given this, we see potential for BNB to serve as a form of benchmark, or average, for digital asset prices more broadly,” he added. BNB Chain is the fourth largest L1, with nearly $6 million total value locked (TVL), according to data from DeFiLlama.On May 5, asset manager VanEck filed to list the first BNB exchange-traded fund (ETF) in the United States.Magazine: Financial nihilism in crypto is over — It’s time to dream big againSource link