标准特许在BNB令牌上的覆盖范围，预测到2028年的价格将攀升至2775美元

自2021年5月以来，BNB的交易几乎与未加权的比特币和以太坊一致，就回报和波动而言

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已开始覆盖Binance的BNB代币，到2028年底，目标目标为2,775美元，比目前的水平增长了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."

该银行全球数字资产研究负责人杰弗里·肯德里克（Geoffrey Kendrick）在周二发布的一份报告中说：“自2021年5月以来，BNB就与返回和波动性持续了一篮子的比特币和以太坊几乎完全交易。” “我们预计这种关系将继续保持下去，到2028年底，目前将BNB的价格从目前的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）将BNB视为加密货币市场中类似基准的资产。根据肯德里克（Kendrick）的说法，虽然它可能以实际的术语和通过市值在流通上衡量的效果不佳，但BNB的通缩性质及其与Binance的集中式交易所的联系支持了其长期价值。

'BNB Chain is highly centralised relative to other chains'

“ BNB链相对于其他连锁店高度集中'

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链是Binance的第1层区块链，使用了一个称为“固定权限证明”的共识模型，其中只有45个验证器每24小时根据固定的代币数量选举一次。肯德里克说，这种设置使BNB连锁店比以太坊这样的同行网络更为集中。

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繁荣以来，BNB链的集中式结构和停滞用例与雪崩和以太坊等同行相比，开发人员的活动非常低。他补充说，诸如最近的Pascal Hard Fork和即将在6月的Maxwell升级之类的升级可能有助于随着时间的推移提高开发人员的参与度。

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.

肯德里克说，尽管如此，BNB代币仍保持着强劲的用户需求，并在与Binance的集中交易所的集成下支持，在该交易中，令牌持有人会根据其BNB余额和数量获得交易费用折扣。肯德里克（Kendrick）指出，这种与交流链接的公用事业以及BNB链中pancakeswap（如pancakeswap）的主导地位，即使来自其他生态系统的竞争（如Solana Grows）的竞争，BNB链也保留了活动。

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.

肯德里克说，BNB还受益于通缩供应模型和令牌燃烧机制。肯德里克说，该代币目前以标准宪章的智能合约1层平台（市场上限到GDP）的首选估值指标（可能是由于其交易所搭配及其放映性质）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）最近几个月做出了一系列加密预测。他预计，到2025年底，比特币将达到200,000美元，到2028年底将达到500,000美元。肯德里克（Kendrick）看到，到2029年，艾雪兰（Avalanche）的avax代币攀升超过十倍至250美元，并看到XRP在2028年达到12.50美元，收益超过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.

同时，他修改了他的以太预测，将2025年的目标定为4,000美元。他还预计，稳定币的采用率激增，预计到2028年底，总市场将接近2万亿美元。

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）上个月告诉该街区，他和Charter Charter的加密研究小组均未持有任何数字资产。