Well now, ain’t this a fine kettle o’ fish—Standard Chartered says BNB flops around like an “unweighted index” of bitcoin and ether, only with a little less pizzazz and a whole lotta volatility that’d make your granny drop her teeth in the lemonade.💸
Standard Chartered Thinks BNB Will Shoot Up Like a Rocket—Or Maybe a Firework Dud
Standard Chartered Bank, that London-based money-grubbing colossus (with a wallet fatter than a Mississippi catfish), set its experts loose and cooked up a report foreseeing BNB skyrocketing to the grand sum of $2,775 by 2028. That’s right—three years and change from now, and they figure it’ll float up nice and slow, like molasses in January. Slow climbers, rejoice!
Even if you never heard of this here BNB, it’s apparently the fourth-largest crypto-thingamajig rollin’ around out there, if you don’t count those stablecoins (they ain’t much fun anyway). It fell off the back of Binance’s 2017 launch wagon—Binance being the world’s biggest crypto-exchange, which probably means they own more hats than a riverboat gambler. Against all odds, BNB muscled its way up to $84.5 billion in market cap, according to some fella named Coinmarketcap (he sounds important). And let’s be honest: despite being about as centralized as a small-town post office with high fees, maybe 47 developers and a use-case catalog thinner than a summer frog, BNB hangs on for dear life, dragged along by its Binance kinfolk.
The research oracles at Standard Chartered called BNB a “centralized version of Ethereum backed by Binance,” which is just a polite way of saying it’s an old jalopy of a blockchain stuck in 2021, driven mostly by decentralized exchanges, lending outfits, and liquid stakers who haven’t found their way home. But somehow, since 2021, BNB has been moseying along, tracking bitcoin and ether like a curious bloodhound with a nose for trouble, with returns steady enough to make a tortoise jealous—all heading toward that magic $2,775 marker in 2028.
“BNB is a curious beast,” says Geoffrey Kendrick, Standard Chartered’s head wizard of digital assets (which sounds more impressive than it probably is). “It’s the fourth biggest non-stablecoin critter on the crypto ranch, laggin’ behind BTC, ETH, and XRP, but I’d wager folks ain’t thinkin’ about it while they chew their supper.” He added, with a straight face, that BNB acts like a grab bag of BTC and ETH—returns, volatility, and all the bewilderments in between. Makes a handy yardstick for measuring the whole wild barn dance of digital assets, in his opinion. 🤠
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2025-05-07 11:02