In a research note released on Tuesday, Geoff Kendrick, the head of digital at a prominent British banking institution, highlighted an intriguing trend in cryptocurrency trading. He noted that:
“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.”
This correlation presents positive news for Binance and its Smart Chain token. With Bitcoin’s price recently surpassing the $100,000 mark in May, historical patterns suggest that such milestones often precipitate significant upswings in larger-cap altcoins, including BNB.
BNB Forward Price Growth Fundamentals Strong
In addition, both BTC and ETH are becoming integral to the planned U.S. digital asset stockpile initiated by the current administration. The anticipated decrease in market supply, coupled with governmental confidence in digital assets, is expected to bolster the prices of BTC and ETH. This upward momentum will likely extend to BNB and the broader cryptocurrency market.
“BNB’s value drivers are unlikely to change anytime soon,” Kendrick remarked.
The intrinsic value drivers for BNB remain robust, principally due to its vibrant, active, and liquid ecosystem. The Binance exchange has consistently topped global trading volumes, while BNB tokens confer substantial discounts on trading fees for users. Furthermore, as the native base layer token for Binance Smart Chain—an efficient smart contract blockchain on par with Ethereum and Solana—BNB’s utility is evidently vast.
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
In the world of finance, professional money managers and advisors often scrutinize projections shared via anonymous social media accounts, even if such analyses attempt to provide credibility through data. However, forecasts originating from established institutions like Standard Chartered, predicting a remarkable 336% return on investment by 2028 relative to May BNB prices, carry a weight of credibility that is difficult to dismiss.
The recent application by VanEck, a respected entity known for its Bitcoin ETF, to become the first BNB ETF issuer in New York is another pivotal development. Should this proposal receive approval, BNB could see an additional impetus for price growth, aligning its trajectory with that of BTC and ETH, as suggested by the insights from Standard Chartered.
In conclusion, as the landscape of digital assets continues to evolve, BNB appears well-positioned for future growth, supported by structural fundamentals and emerging financial instruments such as ETFs. As the cryptocurrency market braces for potential transformations, investors would do well to keep an eye on BNB and its evolving role in the broader ecosystem.
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