Key dealers
- BNB could reach $ 2,775 in 2028, which is a four -time increase from its current price.
- BNB’s trading pattern has carefully tracked Bitcoin and Ethereum since May 2021.
Binance Coin (BNB) could increase to $ 2,775 at the end of 2028, which represents more than a four -time increase from its current price of about $ 600, according to a standard chartered research report released today.
The native token of Binance’s BNB chain has reflected the performance for Bitcoin and Ethereum combined since May 2021, both in terms of return and volatility, says Geoff Kendrick, head of Digital Assets Research at Standard Chartered.
Kendrick says that BNB’s value is still rooted in Binance’s dominance. As long as the exchange stays at the top, the analyst does not expect much change in BNB’s basic factors. He also sees the potential for the token to act as a digital asset benchmark.
The BNB chain focuses mainly on decentralized exchanges, lending protocols and liquid efforts, making it a “more concentrated and” old-fashioned “smart contract platform than rivals such as Ethereum and Avalanche,” according to Kendrick.
BNB showed resilience in recent market market
BNB maintained a strong position in April despite a broader decline in the market that sent many altcoins that tumbled.
The asset, which is currently ranked as the fifth largest crypto after market cases, acts less than 25% during its highest time, but still exceeds other altcoins, some of which have dropped as much as 98%.
The BNB chain continues to lead in decentralized application (DAPP), with 5,686 Dapps supported, according to Dappradar. By comparison, Ethereum supports 4 988 DAPPS and Polygon 2.406.
When it comes to defi activity, the BNB chain is ranked in fourth place in total value raised (TVL), with about $ 5.8 billion, behind Ethereum, Solana and Bitcoin, for the defillars.
On the institutional front, Wall Street is starting to pay attention to BNB. Large fund manager Vaneck recently submitted a registration declaration to Sec to Start Vaneck Bnb ETFwhich would be the first US-registered ETF designed to directly track the spot price for BNB.
Pending Sec and exchange approvals, ETF can also offer input functions, which allows investors to earn BNB rewards on top of price exposure.
