Banking giant predicts BNB price to 4x in value
The post Banking giant predicts BNB price to 4x in value appeared on BitcoinEthereumNews.com. ⚈ Standard Chartered predicts BNB will reach $1,275 in 2025, $2,775 by 2028 ⚈ Forecast based on BNB’s correlation with BTC and utility in Binance ecosystem ⚈ Adoption boost expected from upgrades, ETF filings, and potential state reserves Since initiating its coverage of the cryptocurrency markets in 2021, Standard Chartered has been responsible for multiple exceptionally bullish price forecasts. In its latest note, the bank estimated Binance’s BNB will reach $1,275 by the end of 2025 and a staggering $2,775 in 2028. Geoffrey Kendrick, the bank’s head of crypto research, issued an optimistic prediction that is based on the estimate that the Binance Coin remains an important benchmark for digital assets and has historically maintained a strong correlation with Bitcoin (BTC) and Ethereum (ETH). Between the established correlation and overall strength, Standard Chartered’s forecast can be viewed through the lens of its earlier BTC price prediction. As Finbold reported in late April, the banking giant estimates that the world’s premier cryptocurrency will climb to $200,000 by the end of 2025, and it set its sights for 2028 at $500.000. The ambitious predictions for Bitcoin would see the coin 106.31% from its press time price of $96,942 by December 31 and 415.77% within three years. Under the circumstances, the fact that the BNB forecast estimates a 110.47% rally for the token this year and 358.07% from its press time price of $605 by 2028 falls in line with the correlation thesis. Why BNB is set for a 360% three-year rally Although Standard Chartered’s Kendrick noted that BNB’s developer activity has been comparatively lacking in recent years, he opined that the upcoming Maxwell upgrade and the recent Pascal hard fork would alter the situation. Kendrick also revealed that the token’s low developer activity has been less of a hurdle than it would…
The post Banking giant predicts BNB price to 4x in value appeared on BitcoinEthereumNews.com.
⚈ Standard Chartered predicts BNB will reach $1,275 in 2025, $2,775 by 2028 ⚈ Forecast based on BNB’s correlation with BTC and utility in Binance ecosystem ⚈ Adoption boost expected from upgrades, ETF filings, and potential state reserves Since initiating its coverage of the cryptocurrency markets in 2021, Standard Chartered has been responsible for multiple exceptionally bullish price forecasts. In its latest note, the bank estimated Binance’s BNB will reach $1,275 by the end of 2025 and a staggering $2,775 in 2028. Geoffrey Kendrick, the bank’s head of crypto research, issued an optimistic prediction that is based on the estimate that the Binance Coin remains an important benchmark for digital assets and has historically maintained a strong correlation with Bitcoin (BTC) and Ethereum (ETH). Between the established correlation and overall strength, Standard Chartered’s forecast can be viewed through the lens of its earlier BTC price prediction. As Finbold reported in late April, the banking giant estimates that the world’s premier cryptocurrency will climb to $200,000 by the end of 2025, and it set its sights for 2028 at $500.000. The ambitious predictions for Bitcoin would see the coin 106.31% from its press time price of $96,942 by December 31 and 415.77% within three years. Under the circumstances, the fact that the BNB forecast estimates a 110.47% rally for the token this year and 358.07% from its press time price of $605 by 2028 falls in line with the correlation thesis. Why BNB is set for a 360% three-year rally Although Standard Chartered’s Kendrick noted that BNB’s developer activity has been comparatively lacking in recent years, he opined that the upcoming Maxwell upgrade and the recent Pascal hard fork would alter the situation. Kendrick also revealed that the token’s low developer activity has been less of a hurdle than it would…
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