Standard Chartered’s head of asset research, Geoff Kendrick, has projected that BNB, the native token of BNB Chain, could surge to $2,775 by the close of 2028. The latest report notes a strong correlation between BNB’s price movements and a portfolio of Bitcoin and Ethereum since May 2021. Kendrick foresees this correlation continuing, propelling BNB from its current price around $600 to the forecasted $2,775 by 2028.
BNB’s Potential Growth
Kendrick’s analysis underlines the potential for BNB to experience significant growth over the coming years. The observed correlation with major cryptocurrencies like Bitcoin and Ethereum suggests a promising trajectory for BNB’s price, with a substantial increase expected by the end of 2028.
Factors Driving BNB’s Price
The research report emphasizes the key role played by the correlation between BNB, Bitcoin, and Ethereum in predicting BNB’s future price movements. This correlation indicates that BNB’s value is intricately linked to the performance of these leading cryptocurrencies, with positive movements expected to drive BNB towards the projected $2,775 price target.
Is BNB’s Surge Inevitable?
Given the historical correlation between BNB, Bitcoin, and Ethereum, Kendrick’s forecast appears plausible, suggesting a bullish outlook for BNB investors. If this correlation persists as predicted, BNB holders could potentially witness substantial gains as the token climbs towards the forecasted price level.
Share Your Thoughts
Do you believe BNB has the potential to reach $2,775 by 2028? How do you think the correlation with Bitcoin and Ethereum will impact BNB’s price movements? Share your insights below!
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