CoinInsight360.com logo CoinInsight360.com logo
America's Social Casino

Crypto Potato 2025-05-10 19:10:52

Standard Chartered Says BNB Price Could Top $2,775 as VanEck Files for ETF

In a research note out on Tuesday, the British banking giant’s head of digital, Geoff Kendrick, said: “BNB has traded almost exactly in line with an unweighted basket of bitcoin and ether since May 2021 in terms of both returns and volatility.” That’s good news for the Binance exchange and smart chain token. Bitcoin’s price has eclipsed $100,000 again in May, which is typically followed by a substantial increase in some larger-cap altcoins, such as BNB. BNB Forward Price Growth Fundamentals Strong Moreover, both BTC and ETH are going in some measure into the US digital asset stockpile planned by the current administration. The decrease in available supplies to the market and the confidence of the US government will almost certainly drive these two BNB competitors higher and will likely drag Binance’s coin, as well as the rest of the market. “BNB’s value drivers are unlikely to change anytime soon,” Kendrick added. The primary value drivers for the BNB token are its extensive, highly active, and deeply liquid ecosystem. The Binance exchange is the most active in the world in terms of daily volume. BNB tokens give users discounts on trading fees. Furthermore, BNB can be used as the native base layer token for the Binance Smart Chain, a smart contract blockchain like Ethereum and Solana. VanEck Files For First BNB ETF Application Breaking News $116B Asset Manager VanEck has just filed for $BNB ETF. pic.twitter.com/9A8XUtuCJD — Elja (@Eljaboom) May 5, 2025 Professional money managers and advisors can’t really take projections like this very seriously from anonymous X accounts, even if they provide some semblance of analysis for their often highly exaggerated claims. But, coming from Standard Chartered, that forecast for a 336% ROI by 2028 over May BNB prices is impressive and credible. It wouldn’t be the first time BNB has delivered such performance. Now, VanEck, one of the Bitcoin ETF issuers, just applied in May to be the first BNB ETF issuer in New York. That should give another primary value driver if approved to keep BNB price growth in line with BTC and ETH as StanChart points out it’s been. The post Standard Chartered Says BNB Price Could Top $2,775 as VanEck Files for ETF appeared first on CryptoPotato .

Leggi la dichiarazione di non responsabilità : Tutti i contenuti forniti nel nostro sito Web, i siti con collegamento ipertestuale, le applicazioni associate, i forum, i blog, gli account dei social media e altre piattaforme ("Sito") sono solo per le vostre informazioni generali, procurati da fonti di terze parti. Non rilasciamo alcuna garanzia di alcun tipo in relazione al nostro contenuto, incluso ma non limitato a accuratezza e aggiornamento. Nessuna parte del contenuto che forniamo costituisce consulenza finanziaria, consulenza legale o qualsiasi altra forma di consulenza intesa per la vostra specifica dipendenza per qualsiasi scopo. Qualsiasi uso o affidamento sui nostri contenuti è esclusivamente a proprio rischio e discrezione. Devi condurre la tua ricerca, rivedere, analizzare e verificare i nostri contenuti prima di fare affidamento su di essi. Il trading è un'attività altamente rischiosa che può portare a perdite importanti, pertanto si prega di consultare il proprio consulente finanziario prima di prendere qualsiasi decisione. Nessun contenuto sul nostro sito è pensato per essere una sollecitazione o un'offerta