Standard Chartered has released an analysis highlighting the growth of the altcoin BNB due to changes in the cryptocurrency market dynamics.
Analysis of BNB's Expected Growth
Geoff Kendrick, the digital assets leader at Standard Chartered, noted that since May 2021, BNB has shown a similar pattern to Bitcoin (BTC) and Ethereum (ETH) in terms of both returns and volatility. This creates a significant trust factor for the Binance ecosystem. Historically, when Bitcoin surpasses the $100,000 mark, major altcoins tend to experience rapid movements.
Factors Contributing to Price Increases
According to Standard Chartered's report, the decrease in circulating supply of BTC and ETH, along with a positive stance from the US government towards cryptocurrencies, significantly impacts prices. The reduced supply puts upward pressure on prices, while expectations of official approvals bolster investor confidence. These conditions can directly influence BNB's performance. The fundamental value drivers for BNB remain valid. As the service coin of the world’s busiest exchange, Binance, it offers users transaction fee discounts and acts as a smart contract platform on the BNB Smart Chain.
VanEck's BNB ETF Application and Its Significance
In May 2025, VanEck submitted its application for the first BNB ETF to be listed on the New York Stock Exchange. The ETF format provides institutional asset managers with a professional way to navigate the risks of direct coin trading. This application is critical in raising institutional demand for BNB. If approved, the fresh capital injected into the market through the ETF will significantly support maintaining BNB's price alignment with BTC and ETH.
BNB could become an indispensable part of cryptocurrency portfolios worldwide given the positive factors influencing its market positions.
