Standard Chartered experts have released a forecast suggesting that Binance's BNB token may significantly increase in value in the coming years.
Factors Influencing BNB's Growth
Standard Chartered forecasts that by 2028, the price of BNB could reach $2,775, representing an increase of over 360% from current levels. Geoffrey Kendrick, the global head of digital assets research at Standard Chartered, noted that BNB can serve as a key indicator for the broader digital asset market.
Current Market Positions of BNB Chain
Since the beginning of 2024, BNB Chain's total value locked has increased from approximately $3.5 billion to over $6 billion. However, this figure has yet to recover to record highs exceeding $20 billion in 2022. Currently, BNB Chain ranks fourth among layer-1 networks by total value locked.
Forecasts for Other Cryptocurrencies
Kendrick has also made predictions for other cryptocurrencies, expecting Bitcoin to reach $200,000 by the end of 2025 and $500,000 by the end of 2028.
Overall, the forecasts for the BNB token highlight its potential in light of the growth of DeFi and institutional interest, which may make it a critical component of the digital economy.
