Standard Asset Manager Standard predicts that the Binance ecosystem token, BNB, may be more than twice as much this year than this year, according to the analytical report reviewed by Cointelegraph.
The asset manager sees that the price of BNB increases to about USD 1,275 per token by the end of 2025 and as much as 2,775 USD by the end of 2028, according to the research report.
As at May 6, BNB trads almost USD 600 per coin, a diluted value (FDV) in the amount of approximately USD 84 billion, according to data with coinmarketcap.
“BNB traded almost exactly according to the invalid Bitcoin and Ethereum basket from May 2021 in terms of return and variability,” wrote Geoff Kendrick, an analyst at the Khartered standard, in a research note.
“We expect that this relationship will continue to maintain, increasing the BNB price from around USD 600 to 2,775 USD by the end of 2018.”
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The “old -fashioned” network
The BNB token is a native cryptocurrency of the BNB Binance chain, a blockchain network of layer 1 (L1) associated with the world’s largest centralized replacement (CEX).
The BNB chain has less programmers’ activity than L1, such as Ethereum or Avalanche, and its ecosystem is relatively “old -fashioned”, “said Standard Charter.
He said that over 60% of the network’s economic activity includes decentralized exchanges (DEX), compared to a more diverse spread to other L1S.
However, the asset manager noted that this could also serve as a source of stability of the BNB chain.
“Assuming that Binance remains one of the largest CEX, BNB value drivers are unlikely to change in the near future,” wrote Geoff Kendrick, Standard Khartered analyst.
“Taking this into account, we see the potential that BNB serves as a form of reference or average, for digital assets more broadly,” he added.
BNB Chain is the fourth largest L1, with almost 6 million USD closed (TVL), according to TVL) data from Donnela.
On May 5, the Vaneck Asset Manager submitted an application for a list of the first BNB (ETF) stock fund in the United States.
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