BNB could jump over 360% to $2,775 by 2028, Standard Chartered predicts

Key Takeaways BNB could reach $2,775 by 2028, which is a fourfold increase from its current price. BNB’s trading patterns have closely tracked Bitcoin and Ethereum since May 2021. Binance Coin (BNB) could surge to $2,775 by the end of 2028, which represents more than a fourfold increase from its current price of around $600, according to a Standard Chartered research report released today. The native token of Binance’s BNB Chain has mirrored the performance of Bitcoin and Ethereum combined since May 2021, both in terms of returns and volatility, notes Geoff Kendrick, head of digital assets research at Standard Chartered. Kendrick says BNB’s value is still anchored to Binance’s dominance. As long as the exchange stays on top, the analyst doesn’t expect much change in BNB’s fundamentals. He also sees potential for the token to act as a digital asset benchmark. BNB Chain primarily focuses on decentralized exchanges, lending protocols, and liquid staking, making it a “more concentrated and ‘old-fashioned’ smart contract platform than rivals such as Ethereum and Avalanche,” according to Kendrick. BNB showed resilience during recent market selloffs BNB maintained a strong position in April despite a broader market downturn that sent many altcoins tumbling. The asset, currently ranked as the fifth-largest crypto by market cap, is trading less than 25% below its all-time high, but still outperforming other altcoins, some of which have dropped as much as 98%. BNB Chain continues to lead in decentralized application (dApp) adoption, with 5,686 dApps supported, according to DappRadar. In comparison, Ethereum supports 4,988 dApps and Polygon 2,406. In terms of DeFi activity, BNB Chain ranks fourth in total value locked (TVL), with approximately $5.8 billion, behind Ethereum, Solana, and Bitcoin, per DefiLlama. On the institutional front, Wall Street is starting to pay attention to BNB. Major fund manager VanEck recently filed a registration statement with the SEC to launch the VanEck BNB ETF, which would be the first US-registered ETF designed to directly track the spot price of BNB. Pending SEC and exchange approvals, the ETF may also offer staking features, enabling investors to earn BNB rewards on top of price exposure. Source: https://cryptobriefing.com/standard-chartered-bnb-price-prediction/