The Asset Manager Standard Chartered Predicts Binance’s ecosystem token, BnbIt may be more than double the price this year, according to an analyst report reviewed by Cointelegraph.
The asset manager saw the BNB 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 a research report.
Until May 6, BNB traded at about $ 600 per coin, for a fully melted amount (FDV) of approximately $ 84 billion, according to Data From CoinMarketCap.
“The BNB has exchanged almost exactly a weighted basket of Bitcoin and Ethereum since May 2021 in terms of both the return and volatility,” Geoff Kendrick, an analyst in the standard chartered, wrote in the research note.
“We hope that this relationship will continue to handle, driving the BNB price from around the USD 600 current to USD 2,775 by end-2028.”
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‘Old-fashioned’ network
The BNB token is the native cryptocurrency of the Binance BNB chain, a layer-1 (L1) blockchain network associated with the world’s largest centralized exchange (CEX).
The BNB chain has less developer activity than L1 such as Ethereum or Avalanche and its ecosystem is quite “old”, “Charter said.
More than 60% of the network’s economic activity activity involves decentralized exchanges (DEX), compared to a more diverse spread to other L1, it said.
However, the asset manager noted that it could also serve as a source of stability for the BNB chain.
“The thought Binance remains one of the biggest CEX, BNB value drivers are not likely to change anytime soon,” Geoff Kendrick, an analyst in the standard chartered, wrote in the research note.
“As such, we see the potential for BNB to serve as a benchmark form, or average, for digital prices more widely,” he added.
BNB chain is the fourth largest L1, with nearly $ 6 million total amount locked (TVL), according to Data From Defillrama.
On May 5, asset manager Vaneck filed to list the First funds exchanged by BNB (ETF) in the United States.
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