Binance: Will the price of BNB reach $2775! .
It is possible that the value of BNB may quadruple thanks to its connection to Binance and its core functions in the cryptocurrency ecosystem.
Standard Chartered expects the value of BNB to more than quadruple by the end of 2028.
In a recent report, which was specifically commented on by CoinDesk, financial experts at Standard Chartered Bank estimated that the price of BNB could reach $2775 by the end of 2028. This represents a 360% increase compared to its current price, which is around $600.
According to analysts at the British bank, the price of BNB tends to follow an unweighted average between the prices of Bitcoin (BTC) and Ethereum (ETH).
Binance remains one of the main drivers of the value of its token.
According to analysts at Standard Chartered, as long as Binance remains one of the largest centralized exchanges (CEXs) in the cryptocurrency industry, "it is unlikely that the drivers of BNB valuation will change anytime soon."
In fact, BNB is used to pay trading fees on the Binance platform, as well as to access exclusive features and discounts. On the other hand, the BNB Chain uses this native cryptocurrency, whether for gas fees, DeFi (decentralized finance), or DEX (decentralized exchanges).
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