Standard Chartered predicts that BNB’s price could reach $2,775 by 2028, relying on its link to Bitcoin and Ethereum. However, despite potential growth, BNB is expected to perform weaker than BTC and ETH, largely due to limited innovation and a slower ecosystem. BNB currently trades around $600, with its value closely tied to Binance’s presence in the crypto market.
Standard Chartered Predicts BNB Price Surge to $2,775 by 2028
In an intriguing forecast, Standard Chartered’s Geoffrey Kendrick has indicated that the price of BNB, the native token for Binance’s Layer-1 blockchain, could hit $2,775 by the close of 2028. This projection leans heavily on BNB’s notable correlation with leading cryptocurrencies Bitcoin and Ethereum, as well as the assumed ongoing dominance of Binance as a top exchange.
The report highlights that while BNB is expected to experience a notable rise in value, it will likely lag behind BTC and ETH in terms of both real market performance and growth in market capitalisation. Kendrick outlines that BNB displays an “old-school” characteristic, largely hinging on decentralized exchanges, lending protocols, and liquid staking, in stark contrast to the more dynamic innovations seen on platforms like Ethereum and Avalanche.
Even though developer activity surrounding BNB has been relatively static lately, Kendrick argues its price stability renders it a dependable benchmark in the cryptocurrency market. He notes how BNB historically trades almost in line with an unweighted basket of BTC and ETH, with both returns and volatility remaining closely aligned since May 2021. At the moment, BNB trades at approximately $600.
This forecast signifies a potential more-than-fourfold increase over the next four years, but Standard Chartered anticipates BNB will underperform compared to the growth trajectories of Bitcoin and Ethereum, mainly due to its limited innovation and a slower-moving ecosystem. The report also indicates that BNB is trading at a ‘rich’ valuation when assessed by their preferred method — market cap in relation to chain GDP.
This elevated valuation is likely connected to BNB’s relationship with Binance’s centralised exchange, alongside its deflationary tokenomics. Despite a lower count of developers and a more gradual expansion of its use cases, Standard Chartered believes BNB’s value will remain intrinsically tied to Binance’s role in the broader crypto ecosystem. This essence positions it as an important gauge for the sector overall.
In summary, BNB’s future seems bright yet cautious, majorly entwined with Binance’s visibility and ongoing relevance in the industry.
