{"id":25443,"date":"2025-05-06T17:31:41","date_gmt":"2025-05-06T17:31:41","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=25443"},"modified":"2025-05-06T17:31:41","modified_gmt":"2025-05-06T17:31:41","slug":"standard-chartered-sees-bnb-more-than-doubling-in-2025","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=25443","title":{"rendered":"Standard Chartered sees BNB more than doubling in 2025"},"content":{"rendered":"
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\"Standard<\/p>\n

Asset manager Standard Chartered predicts that Binance\u2019s ecosystem token, BNB<\/a>, could more than double in price this year, according to an analyst report reviewed by Cointelegraph.\u00a0<\/p>\n

The asset manager sees BNB\u2019s 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.\u00a0<\/p>\n

As of May 6, BNB trades at nearly $600 per coin, for a fully diluted value (FDV) of approximately $84 billion, according to data<\/a> from CoinMarketCap.<\/p>\n

\"Standard
Price forecasts for BNB. Source: Standard Chartered<\/em><\/figcaption><\/figure>\n

\u201cBNB has traded almost exactly in line with an unweighted basket of Bitcoin and Ethereum since May 2021 in terms of both returns and volatility,\u201d Geoff Kendrick, an analyst at Standard Chartered, wrote in the research note.\u00a0<\/p>\n

\u201cWe expect this relationship to continue to hold, driving BNB\u2019s price from around USD 600 currently to USD 2,775 by end-2028.\u201d<\/p>\n

Related: <\/strong><\/em>How much Bitcoin can Berkshire Hathaway buy?<\/strong><\/em><\/a><\/p>\n

\u2018Old-fashioned\u2019 network<\/h2>\n

The BNB token is the native cryptocurrency of Binance BNB Chain, a layer-1 (L1) blockchain network affiliated with the world\u2019s largest centralized exchange (CEX).\u00a0<\/p>\n

The BNB Chain has less developer activity than L1s such as Ethereum or Avalanche and its ecosystem is comparatively \u201cold-fashioned\u201d,\u201d Standard Charter said.\u00a0<\/p>\n

\"Standard
BNB\u2019s ecosystem is heavy on DEXs. Source: Standard Chartered<\/em><\/figcaption><\/figure>\n

More than 60% of the network\u2019s onchain economic activity involves decentralized exchanges (DEXs), compared to a more diverse spread on other L1s, it said.<\/p>\n

However, the asset manager noted that this could also serve as a source of stability for BNB Chain.\u00a0<\/p>\n

\u201cAssuming Binance remains one of the largest CEXs, BNB\u2019s value drivers are unlikely to change anytime soon,\u201d Geoff Kendrick, an analyst at Standard Chartered, wrote in the research note.\u00a0<\/p>\n

\u201cGiven this, we see potential for BNB to serve as a form of benchmark, or average, for digital asset prices more broadly,\u201d he added.\u00a0<\/p>\n

BNB Chain is the fourth largest L1, with nearly $6 million total value locked (TVL), according to data <\/a>from DeFiLlama.<\/p>\n

On May 5, asset manager VanEck filed to list the first BNB exchange-traded fund<\/a> (ETF) in the United States.<\/p>\n

Magazine:\u00a0<\/strong><\/em>Financial nihilism in crypto is over \u2014 It\u2019s time to dream big again<\/strong><\/em><\/a><\/p>\n