Standard Chartered’s Ambitious Forecast for BNB: A Closer Look at the Future
Standard Chartered has made waves in the cryptocurrency world with its bold predictions for Binance’s BNB. The bank anticipates that BNB will soar to $1,275 by the end of 2025 and reach an impressive $2,775 by 2028. These projections are grounded in BNB’s strong correlation with Bitcoin (BTC) and its growing utility within the Binance ecosystem.
Understanding BNB’s Potential Growth
Since 2021, Standard Chartered has been at the forefront of providing optimistic forecasts for digital assets. Geoffrey Kendrick, the bank’s head of crypto research, is confident in BNB’s role as a key indicator for cryptocurrencies. His prediction is based on BNB’s historical correlation with major cryptocurrencies like Bitcoin and Ethereum (ETH).
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Standard Chartered’s projections for BNB are closely tied to its earlier optimistic outlook for Bitcoin. The bank predicts that Bitcoin could surge to $200,000 by the end of 2025 and continue its upward momentum to reach $500,000 by 2028. This bullish stance on Bitcoin aligns with the expected trajectory for BNB, which is poised to increase by 110.47% this year and a remarkable 358.07% by 2028, starting from its current price of $605.
Why BNB is Set for a Remarkable Three-Year Rally
Despite recent criticisms of BNB’s developer activity, Kendrick believes that upcoming upgrades, such as the Maxwell upgrade and the Pascal hard fork, will breathe new life into the token’s ecosystem. He argues that BNB’s utility within the Binance exchange and its associated decentralized platforms, like PancakeSwap, has mitigated the impact of lower developer engagement.
Potential Skyrocketing Adoption for BNB in 2025
The future holds promise for BNB, with potential enhancements in utility and adoption. Notably, VanEck has filed for a spot BNB exchange-traded fund (ETF), adding to the growing list of crypto-related products awaiting approval from the Securities and Exchange Commission (SEC). The SEC is anticipated to approve a significant number of these investment vehicles, partly due to factors like the adoption of Bitcoin and Ethereum ETFs in 2024.
Additionally, Binance’s founder and former CEO, Changpeng Zhao, has been actively advocating for nation-states to embrace the company’s cryptocurrency. He even suggested that Kyrgyzstan consider including both BTC and BNB in its strategic reserves.
Overcoming Stagnation: The Path to Meeting Targets
For BNB to achieve the ambitious targets set by Standard Chartered, it must overcome its recent price stagnation. Although its performance hasn’t been weak, BNB is still down 13.66% year-to-date. However, it remains 75.59% above the peak of its previous ‘crypto winter’ range, which spanned from approximately $200 to $350.
BNB experienced a significant surge from around $200 to approximately $600 between late 2023 and early 2024, but since then, its movement has been relatively stable despite some volatility.
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