Standard Chartered Projects BNB Price to Reach $2,775 by 2028
Standard Chartered has launched formal coverage of Binance’s exchange token, BNB, predicting significant price increases. Key projections include:
- BNB could rise from approximately $600 today to $1,275 by 2025 and $2,775 by 2028.
- This represents a potential gain of over 360% from current levels.
- BNB is expected to maintain a benchmark role within the crypto market, correlating closely with Bitcoin and Ethereum since May 2021.
The bank's broader forecasts are bullish for major cryptocurrencies:
- Bitcoin projected at $200,000 in 2025 and $500,000 in 2028.
- Ethereum forecasted to reach $4,000 and $7,500 in the same periods.
Market dynamics between BNB and other major cryptocurrencies include:
- The BTC-BNB ratio is expected to increase from 157 in 2025 to 180 by 2027.
- The ETH-BNB ratio may decrease from 3.14 in 2025 to 2.70 by 2027.
Kendrick highlights BNB's deflationary economics and its close ties to Binance as key long-term value supports. However, he notes that BNB might lag behind Bitcoin and Ethereum in real terms and market cap.
The research also analyzes BNB Chain’s centralized architecture, with only 45 validators compared to Ethereum’s extensive network. Despite this, upcoming upgrades are anticipated to enhance the ecosystem's resilience.
On the demand side, BNB benefits from tiered fee discounts for holders based on their token balance and trading volume, which helps sustain activity amid growing competition from platforms like Solana.
Regular token burns and a fixed supply contribute to BNB's structural deflation, supporting its current market valuation at $605.
