Standard Chartered has released a forecast indicating that BNB may reach $2,775 by 2028. This outlook is based on historical data and current market trends.
BNB Forecast by Standard Chartered
Standard Chartered has issued a forecast that projects BNB's price will rise to $2,775 by 2028. The report notes that this conclusion is based on historical correlations with Bitcoin and Ethereum, suggesting a potential similar market trajectory.
Impact of Institutional Interest on BNB Growth
The potential growth for BNB positively impacts institutional interest, evidenced by VanEck's filing for a BNB-linked ETF. The expected surge to $2,775 reflects broader crypto market optimism. The forecast aligns with market recovery, predicting increases in BTC and ETH.
Historical Correlation of BNB with Major Cryptocurrencies
In previous cycles, BNB's correlation with BTC and ETH has driven its growth during bullish markets. Standard Chartered's forecast builds on historical market behaviors. It is expected that BNB will continue to benefit from positive macro trends and regulatory clarity.
In conclusion, Standard Chartered's forecasts highlight the significance of BNB within Binance’s ecosystem and its potential for further growth in the future if market trends remain favorable.
