Summary
- Standard Chartered(SC) projected that Binance Coin(BNB) could reach $2775 by the end of 2028.
- They stated that if the relationship of returns and volatility between BNB and the Bitcoin and Ethereum basket is maintained, it will reach $2775.
- They added that as long as Binance remains a major exchange, the value of BNB will not change, and eventually, BNB could serve as a benchmark for virtual assets.
An analysis has emerged suggesting that Binance Coin(BNB) could reach $2775 by the end of 2028.
According to CoinDesk on the 6th (local time), Standard Chartered(SC) stated in a report, "Since May 2021, in terms of returns and volatility, BNB has almost matched a basket composed equally of Bitcoin(BTC) and Ethereum(ETH)," and "If this relationship is maintained, it will reach $2775 by the end of 2028."
Furthermore, they added, "As long as Binance remains a major exchange, the value of BNB will not change," and "BNB could eventually serve as a benchmark for virtual assets (cryptocurrencies)."
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit![[Market] Bitcoin falls below $71,000…Lowest level since October 2024](https://media.bloomingbit.io/PROD/news/0e5880b9-61dd-49d4-9d2e-c47a3fb33a93.webp?w=250)
