標準特許在BNB令牌上的覆蓋範圍，預測到2028年的價格將攀升至2775美元

自2021年5月以來，BNB的交易幾乎與未加權的比特幣和以太坊一致，就回報和波動而言

Standard Chartered has started coverage of Binance's BNB token, setting a price target of $2,775 by the end of 2028 – a gain of over 360% from current levels.

Standard Chartered已開始覆蓋Binance的BNB代幣，到2028年底，目標目標為2,775美元，比目前的水平增長了360％以上。

"BNB has traded almost exactly in-line with an unweighted basket of Bitcoin and Ethereum since May 2021 in terms of both return and volatility," Geoffrey Kendrick, the bank's global head of digital assets research, said in a report published Tuesday and seen by The Block. "We expect this relationship to continue to hold, driving BNB's price from around $600 currently to $2,775 by end-2028."

該銀行全球數字資產研究負責人杰弗裡·肯德里克（Geoffrey Kendrick）在周二發布的一份報告中說：“自2021年5月以來，BNB就與返回和波動性持續了一籃子的比特幣和以太坊幾乎完全交易。” “我們預計這種關係將繼續保持下去，到2028年底，目前將BNB的價格從目前的600美元增加到2,775美元。”

Kendricks sees BNB as a benchmark-like asset in the crypto market. While it may underperform BTC and ETH both in real terms and as measured by market cap in circulation, BNB's deflationary nature and its link to Binance's centralized exchange support its long-term value, according to Kendrick.

肯德里克斯（Kendricks）將BNB視為加密貨幣市場中類似基準的資產。根據肯德里克（Kendrick）的說法，雖然它可能以實際的術語和通過市值在流通上衡量的效果不佳，但BNB的通縮性質及其與Binance的集中式交易所的聯繫支持了其長期價值。

'BNB Chain is highly centralised relative to other chains'

“ BNB鏈相對於其他連鎖店高度集中'

BNB Chain, Binance's Layer 1 blockchain, uses a consensus model called "proof of staked authority," where just 45 validators are elected every 24 hours based on staked token amounts. This setup makes BNB Chain far more centralized than peer networks like Ethereum, which has over a million validators, Kendrick said.

BNB鍊是Binance的第1層區塊鏈，使用了一個稱為“固定權限證明”的共識模型，其中只有45個驗證器每24小時根據固定的代幣數量選舉一次。肯德里克說，這種設置使BNB連鎖店比以太坊這樣的同行網絡更為集中。

BNB Chain's centralized structure and stagnant use cases since the 2021 DeFi boom have resulted in very low developer activity compared to peers like Avalanche and Ethereum, Kendrick noted. He added that upgrades such as the recent Pascal hard fork and the upcoming Maxwell upgrade in June could help improve developer engagement over time.

Kendrick指出，自2021年DEFI繁榮以來，BNB鏈的集中式結構和停滯用例與雪崩和以太坊等同行相比，開發人員的活動非常低。他補充說，諸如最近的Pascal Hard Fork和即將在6月的Maxwell升級之類的升級可能有助於隨著時間的推移提高開發人員的參與度。

Still, the BNB token maintains strong user demand, supported by its integration with Binance's centralized exchange, where token holders receive trading fee discounts based on their BNB balance and volume, Kendrick said. This exchange-linked utility, along with the dominance of decentralized exchanges like PancakeSwap within BNB Chain, has helped the BNB Chain retain activity even as competition from other ecosystems like Solana grows, Kendrick noted.

肯德里克說，儘管如此，BNB代幣仍保持著強勁的用戶需求，並在與Binance的集中交易所的集成下支持，在該交易中，令牌持有人會根據其BNB餘額和數量獲得交易費用折扣。肯德里克（Kendrick）指出，這種與交流鏈接的公用事業以及BNB鏈中pancakeswap（如pancakeswap）的主導地位，即使來自其他生態系統的競爭（如Solana Grows）的競爭，BNB鏈也保留了活動。

BNB also benefits from a deflationary supply model and token burn mechanisms, Kendrick said. The token currently trades "rich" on Standard Chartered's preferred valuation metric for smart contract Layer 1 platforms – market cap-to-GDP – likely due to both its exchange tie-ins and its deflationary nature, Kendrick said.

肯德里克說，BNB還受益於通縮供應模型和令牌燃燒機制。肯德里克說，該代幣目前以標準憲章的智能合約1層平台（市場上限到GDP）的首選估值指標（可能是由於其交易所搭配及其放映性質）的“富人”交易。

Kendrick has made a string of crypto predictions in recent months. He expects bitcoin to reach $200,000 by the end of 2025 and $500,000 by the end of 2028. Kendrick sees Avalanche's AVAX token climb more than tenfold to $250 by 2029 and sees XRP hitting $12.50 by 2028, representing a gain of over 500%.

肯德里克（Kendrick）最近幾個月做出了一系列加密預測。他預計，到2025年底，比特幣將達到200,000美元，到2028年底將達到500,000美元。肯德里克（Kendrick）看到，到2029年，艾雪蘭（Avalanche）的avax代幣攀升超過十倍至250美元，並看到XRP在2028年達到12.50美元，收益超過500％。

Meanwhile, he revised his ether forecast downward, setting a 2025 target of $4,000. He also anticipates a surge in stablecoin adoption, projecting the total market to approach $2 trillion by the end of 2028.

同時，他修改了他的以太預測，將2025年的目標定為4,000美元。他還預計，穩定幣的採用率激增，預計到2028年底，總市場將接近2萬億美元。

Kendrick told The Block last month that neither he nor Standard Chartered’s crypto research team holds any digital assets.

肯德里克（Kendrick）上個月告訴該街區，他和Charter Charter的加密研究小組均未持有任何數字資產。