Standard Chartered, a major investment bank, has released a research report forecasting that BNB (Binance Coin) could rise to $2,775 by the end of 2028, up from its current price near $600. Geoff Kendrick, the head of digital assets research at the bank, highlighted that BNB’s performance has largely mirrored an unweighted average of Bitcoin and Ethereum since May 2021, both in terms of returns and volatility. Kendrick expects this correlation to continue over the coming years.
He attributes BNB’s price stability and growth prospects to Binance's ongoing dominance as one of the largest centralized crypto exchanges (CEX) in the industry. Because of its central role, BNB’s key value drivers are considered unlikely to change in the short-term future, potentially making the token a benchmark for digital assets.
The report emphasizes that BNB Chain is heavily utilized in applications like decentralized exchanges (DEXs), lending, and liquid staking, though it is described as a "more concentrated and ‘old-fashioned’ smart contract platform" compared to competitors like Ethereum and Avalanche.
