Standard Chartered Predicts BNB Could Reach $2,775 by End of 2028
In a new research report that has captured the attention of crypto investors and analysts alike, multinational banking giant Standard Chartered has forecasted that BNB—the native token of BNB Chain—could climb to as high as $2,775 by the end of 2028. The projection comes from Geoff Kendrick, Head of Digital Assets Research at Standard Chartered, who based the forecast on historical correlations and broader market trends involving Bitcoin (BTC) and Ethereum (ETH).
This long-term price prediction offers a bullish outlook for Binance’s ecosystem token and reaffirms growing institutional interest in non-Bitcoin crypto assets. Here’s a deep dive into the rationale behind this forecast, the methodology used, and what it means for BNB holders and the broader crypto market.
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Understanding the Forecast
According to a report published by crypto news outlet Odaily, Geoff Kendrick’s analysis draws a close link between BNB and the two leading cryptocurrencies: Bitcoin and Ethereum. Since May 2021, the price action of BNB has closely mirrored an equally weighted portfolio of BTC and ETH. In other words, BNB has been trading in a way that reflects the average movement of Bitcoin and Ethereum prices, suggesting a hybrid behavior pattern that responds to the general direction of the broader crypto market.
Standard Chartered expects this correlation to persist, which is a foundational assumption in projecting BNB’s value to rise nearly 4.5 times from its current price of around $600 to $2,775 over the next few years.
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Why BNB? Understanding the Token’s Unique Position
BNB is more than just another altcoin. It plays a central role in the Binance ecosystem, which includes:
• BNB Chain (formerly Binance Smart Chain): A fast, low-fee Layer-1 blockchain supporting thousands of decentralized applications (dApps), especially in DeFi and GameFi.
• Binance Exchange: The world’s largest centralized cryptocurrency exchange by trading volume.
• BNB Burn Mechanism: BNB employs a deflationary model by regularly burning (destroying) tokens to reduce its supply, adding scarcity and potential value over time.
• Utility Token Functions: BNB is used for transaction fees, trading discounts, staking, and participation in token sales on Binance Launchpad.
These factors have positioned BNB as one of the few altcoins with a robust utility ecosystem and a strong backing from the largest centralized exchange in crypto.
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Price Drivers: What Could Push BNB to $2,775?
Kendrick’s price prediction is not just a number plucked from thin air. Several macro and micro factors support the case for long-term appreciation of BNB.
1. Institutional Adoption of Crypto Infrastructure
Standard Chartered’s report echoes a broader trend of increasing institutional interest in blockchain infrastructure. While Bitcoin remains the gold standard for digital value and Ethereum dominates smart contracts, BNB represents a unique hybrid asset: a utility token backed by both DeFi and centralized finance (CeFi) platforms.
2. BNB Chain Growth and Developer Activity
BNB Chain has consistently ranked among the top blockchains in terms of transaction volume, number of wallets, and active users. Projects on BNB Chain range from DeFi protocols like Venus and PancakeSwap to NFT marketplaces and metaverse initiatives.
As BNB Chain evolves with upgrades like opBNB (a Layer 2 scaling solution), its network effect strengthens, potentially driving higher demand for BNB.
3. Tokenomics and Supply Burn
BNB has a capped maximum supply of 200 million tokens, with quarterly burns removing millions of tokens from circulation. The most recent burn in January 2025 saw over 2.1 million BNB destroyed.
This deflationary mechanism mimics aspects of Bitcoin’s scarcity model and plays a crucial role in price appreciation.
4. Correlation With BTC and ETH
If Bitcoin reaches Standard Chartered’s previous 2024 prediction of $200,000 and Ethereum hits $8,000 by 2025, BNB is likely to rise in tandem. The crypto market historically follows BTC’s lead, with ETH and major altcoins like BNB following shortly after.
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Key Risks and Challenges
While the outlook is bullish, there are significant risks that could derail BNB’s trajectory.
1. Regulatory Uncertainty
Binance and its affiliated entities, including BNB, have faced increasing scrutiny from regulators worldwide. In the United States, the SEC has investigated Binance for allegedly offering unregistered securities, and BNB could be considered a target in such cases.
A negative regulatory ruling could reduce demand or limit the utility of BNB, especially in key markets.
2. Centralization Concerns
BNB Chain has often been criticized for its degree of centralization. Unlike Ethereum or Bitcoin, BNB Chain uses a smaller set of validators—often linked to Binance itself—which may limit its decentralization and attract criticism from blockchain purists.
3. Competition in Layer-1 Blockchains
With Ethereum scaling via rollups and newer L1s like Solana, Avalanche, and Sui offering compelling features, BNB must continue innovating to retain market share.
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What This Means for Investors
If Standard Chartered’s projection holds true, BNB presents a strong long-term investment opportunity with over 350% upside from current levels. However, investors should note that such forecasts are based on assumptions that may or may not play out as expected.
Long-term holders of BNB may find value in dollar-cost averaging (DCA) during periods of consolidation. Traders, on the other hand, could use BNB’s close correlation with BTC and ETH to time their positions during bull markets.
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Conclusion: BNB in the Spotlight
Standard Chartered’s $2,775 target for BNB by 2028 places the token firmly in the spotlight as a top-tier crypto asset with significant upside potential. Backed by a thriving ecosystem, unique tokenomics, and institutional recognition, BNB continues to carve out a vital niche in the digital asset space.
While challenges remain—particularly around regulation and decentralization—the fundamental use cases and strategic backing of BNB make it one of the most compelling altcoins to watch in the coming years.
For investors and crypto enthusiasts alike, this forecast serves as a reminder that beyond the noise of memecoins and hype tokens, real utility and adoption still drive long-term value in the crypto market.