Standard Chartered Predicts BNB Price Surge to $2775 by 2028

The price of the Binance-linked token BNB is projected to rise to $2775 by the end of 2028, according to a forecast from Standard Chartered, as reported by The Block.

With the current price at $606.1, this suggests a growth of 4.58 times.

Analysts noted the similarities in the price movements of BNB and an unweighted basket of Bitcoin and Ethereum, both in terms of returns and volatility. They expect this trend to continue.

Support for BNB is expected to come from the asset’s deflationary characteristics and its integration with the largest Bitcoin exchange, along with the dominance of PancakeSwap among DEX platforms on the BNB Chain.

Standard Chartered highlighted the more centralized nature of the BNB-related network due to its PoA consensus algorithm, which involves 45 validators that are elected every 24 hours.

Analysts anticipate increased developer activity following the recent Pascal update and the upcoming Maxwell update in June. Currently, BNB Chain lags behind Avalanche and Ethereum in this regard.

By the end of 2024, the BNB Chain DeFi ecosystem is expected to have grown by 58%, with the total value locked in smart contracts reaching $5.5 billion.

In February, the project released a technical roadmap for 2025.

Earlier, Standard Chartered recommended buying Bitcoin, forecasting its price to reach $120,000 in the fourth quarter.

In March, the bank adjusted its price target for Ethereum in 2025, lowering it from $10,000 to $4,000. The reasons cited included the increasing influence of L2 solutions, particularly the Base platform.