Key Insights:
- BNB could rise past $2,775 by the close of 2028, based on the analysis from Standard Chartered’s Geoff Kendrick.
- The cryptocurrency has shown a trading pattern similar to an unweighted combination of Bitcoin and Ether since May 2021.
BNB (BNB), the core token of Binance’s BNB Chain, may present stable gains, potentially reaching $2,775 by the end of 2028, as revealed in a research report from Standard Chartered released on Tuesday.
Kendrick remarked, “BNB has maintained a consistent relationship with the combined performance of Bitcoin and Ether regarding gains and volatility since May 2021.”
Kendrick anticipates this trend to continue, projecting BNB will increase from around $600 to $2,775 by the end of 2028.
He added that as long as Binance stays a leading centralized exchange (CEX), BNB’s fundamental value factors are likely to remain stable, suggesting the token might serve as a standard for digital assets.
Notably, the BNB Chain is primarily utilized for decentralized exchanges (DEX), lending platforms, and liquid staking, positioning it as a more traditional smart contract platform compared to competitors like Ethereum and Avalanche.
Read more: Bitcoin to Hit New All-Time High Around $120K in Q2, Standard Chartered Says
