Bitcoin

BNB could rise over 360% by 2028, predicts Standard Chartered

BNB, the crypto of the binance ecosystem, could reach the value of $ 2,775 by 2028marking an increase of more than 360% compared to the current price of approximately $ 600. This is in accordance with a research report published by Standard Chartered. This increase, more than four times its current value, positions the BNB as one of the most promising cryptocurrencies in the medium term.

The Chartered Standard assessment is mainly based on the analysis of BNB trading models, which have shown a strong correlation with the performance of Bitcoin And Ethereum Since May 2021. These data have suggested a potential for stability and intrinsic force, despite the typical fluctuations in the cryptography market.

Standard approved report: the role of binance and the solidity of BNB

Geoff Kendrick, manager of digital asset research at Standard Charterd, underlines how the value of the BNB is always strongly linked to the domination exerted by BinanceThe main exchange of cryptocurrency. As long as Binance retains its leadership position, it is unlikely that the fundamental principles of BNB will undergo significant changes.

In addition, Kendrick suggests that BNB has the potential to become a Benchmark of digital assetsthus reinforcing its importance in the sector. His chain, the BNB chainmainly focuses on specific areas such as decentralized exchanges, loan protocols and liquid staking. This specialization makes BNB a more targeted and “traditional” project in its intelligent contract offer, in particular compared to competitors like Ethereum and Avalanche.

BNB: Resilience and performance in a volatile and uncertain market

Despite a broader drop in the market, BNB demonstrated remarkable resilience in April 2024Now a strong position while many other altcoins have undergone losses up to 98%. Currently, BNB is the fifth cryptocurrency by market capitalization and is negotiated at less than 25% of its summit of all time, highlighting a much better performance than most other digital parts.

This BNB resilience is also reflected in its adoption, which remains very high thanks to the management of the BNB chain in the decentralized applications sector (DAPP). According to Dappradar data, the network supports as much as 5,686 Dappsexceeding Ethereum, which supports 4 988and a significant polygon with 2,406.

Adoption of the DEFI ecosystem

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In the field of decentralized finance (DEFI), the BNB channel ranks fourth for Total locked value (TVL)) with about $ 5.8 billion. This position is behind Ethereum, SolaraAnd Bitcoin, confirming a solid ecosystem but still in the growth phase compared to the most established leaders.

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An important signal of the growing maturity of BNB in ​​the financial landscape comes from Wall Street. The important fund manager Valve Recently filed a registration declaration with the SEC for the launch of the first American ETF dedicated to BNB.

This fund negotiated in exchange, known as Vaneck BNB ETFWill be designed to directly follow the BNB cash price and may include implementation features, allowing investors to win BNB rewards in addition to the price of prices.

However, it is important to emphasize that the launch of the ETF is subject to the approvals of the dry and the scholarships, without which this product cannot be officially launched.

BNB channel: a “traditional” intelligent contract platform

The BNB chain is distinguished from a more targeted and traditional approach compared to other platforms of intelligent contracts. It pays more attention to specific decentralized services, such as decentralized exchanges, loan protocols and stake, without the wide range of services offered by platforms like Ethereum.

This specialization could lead to a competitive advantage, as it promotes greater efficiency and potential adoption by DAPP developers focused on these sectors.

Impact and future prospects for BNB

The Chartered Standard report underlines that BNB is not only a significant cryptocurrency, but also a digital active ingredient capable of maintaining stability and growth on a complex and volatile market. The anchoring of the domination of Binance, the leadership of the DAPPs and the important position in DEFI suggest sustainable growth and consolidation scenarios in the institutional field.

For the future, the approval and launch of the Vaneck BNB ETF could represent a turning point For the propagation of the BNB among institutional investors, the improvement of its liquidity and its visibility on the world market.

Investors and cryptocurrency enthusiasts should closely monitor these dynamics, as they could lead to new important developments for BNB and the entire ecosystem of the Binanciers chain in the coming years.

To make the most of the opportunities offered by BNB, it is essential to follow the regulatory and technical evolution of this cryptocurrencyCarefully evaluating the risks and potential offered by this rapidly evolving sector.

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