See BNB Surge as Crypto Factors Align!
By: cointurk|2025/05/11 23:00:12
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Geoff Kendrick, the digital assets leader at the British banking giant Standard Chartered, highlighted that since May 2021, the altcoin BNB has moved almost in parallel with a basket comprising Bitcoin (BTC) $ 104,014 and Ethereum (ETH) $ 2,481 in terms of both returns and volatility. This similarity acts as a significant trust factor for the Binance ecosystem. Historically, Bitcoin surpassing the $100,000 mark often triggers rapid movements in major altcoins. According to Kendrick’s analysis, BNB is expected to exceed $2,775, and such a milestone would not be surprising given the convergence of these factors. The Core Dynamics Behind the $2,775 BNB Expectation According to Standard Chartered, the decrease in the circulating supply of BTC and ETH, when combined with the US government’s positive stance towards cryptocurrencies, creates a substantial impact. The reduced supply puts upward pressure on prices while official approval expectations strengthen investor confidence. This condition has the power to directly influence BNB. Moreover, the fundamental value drivers for BNB remain valid. As the service coin of the world’s busiest exchange, Binance, it offers users transaction fee discounts and functions as a smart contract platform on the BNB Smart Chain, providing long-term support for the altcoin. Thus, BNB’s fate is largely tied to the vibrancy of the Binance ecosystem itself. VanEck’s BNB ETF Application and Its Impact on the Altcoin In May 2025, VanEck submitted its application for the first BNB ETF to be listed on the New York Stock Exchange. For institutional asset managers, the ETF format offers a professional route to bypass the risks of direct coin trading. This application is critical in elevating institutional demand for BNB. If approved, the fresh capital injected into the market through the ETF will be a robust factor in keeping the BNB price aligned with BTC and ETH. As emphasized by Standard Chartered, BNB’s value drivers remain unchanged, and additionally, the ETF factor can strengthen its path forward. Consequently, BNB is set to become an indispensable part of cryptocurrency portfolios globally.
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