📈 The rapid growth of the BNB cryptocurrency rate to $770 is due to growing demand in the spot market from large investment funds, experts from the Binance Research division said.
🏦 Standard Chartered experts say that by 2028, the rate of the BNB coin associated with the Binance crypto exchange ecosystem may exceed $2,770.
🗣️ “From a capital flow perspective, this growth has a healthy basis. The main driving force is the influx of new capital into the spot market to form long-term positions. This indicates genuine confidence in the asset among investors, and not speculation using borrowed funds,” Binance Research reported.
💲Currently, the potential demand for the asset from large investment companies exceeds $1.2 billion, which can be considered an indicator of high confidence in the market, Binance claims.
❗Additionally, BNB's value is supported by its use in centralized and decentralized protocols and services, discounts on fees on the Binance exchange, and its deflationary model with a mechanism to burn 31% of the total supply of the coin, Binance Research explained.
