BNB&#8217;s projected growth could enhance its role as a digital asset benchmark, attracting institutional interest and boosting decentralized finance. The post BNB could jump over 360% to $2,775 by 2028, Standard Chartered predicts appeared first on Crypto Briefing.

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

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Asset manager Standard Chartered predicts that Binance&#8217;s ecosystem token, BNB, 
could more than double in price this year, according to an analyst report 
reviewed by Cointelegraph.
The asset manager sees BNB&#8217;s price rising to approximately $1,275 per token by 
the end of 2025 and as high as $2,775 by the end of 2028, according to the 
research report.
As of May 6, BNB trades at nearly $600 per coin, for a fully diluted value 
(FDV) of approximately $84 billion, according to data from CoinMarketCap.
_Price forecasts for BNB. Source: Standard Chartered_
&#8220;BNB has traded almost exactly in line with an unweighted basket of Bitcoin 
and Ethereum since May 2021 in terms of both returns and volatility,&#8221; Geoff 
Kendrick, an analyst at Standard Chartered, wrote in the research note.
&#8220;We expect this relationship to continue to hold, driving BNB&#8217;s price from 
around USD 600 currently to USD 2,775 by end-2028.&#8221;
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## &#8216;Old-fashioned&#8217; network
The BNB token is the native cryptocurrency of Binance BNB Chain, a layer-1 
(L1) blockchain network affiliated with the world&#8217;s largest centralized 
exchange (CEX).
The BNB Chain has less developer activity than L1s such as Ethereum or 
Avalanche and its ecosystem is comparatively &#8220;old-fashioned&#8221;,&#8221; Standard 
Charter said.
_BNB &#8216;s ecosystem is heavy on DEXs. Source: Standard Chartered_
More than 60% of the network&#8217;s onchain economic activity involves 
decentralized exchanges (DEXs), compared to a more diverse spread on other 
L1s, it said.
However, the asset manager noted that this could also serve as a source of 
stability for BNB Chain.
&#8220;Assuming Binance remains one of the largest CEXs, BNB&#8217;s value drivers are 
unlikely to change anytime soon,&#8221; Geoff Kendrick, an analyst at Standard 
Chartered, wrote in the research note.
&#8220;Given this, we see potential for BNB to serve as a form of benchmark, or 
average, for digital asset prices more broadly,&#8221; he added.
BNB Chain is the fourth largest L1, with nearly $6 million total value locked 
(TVL), according to data from DeFiLlama.
On May 5, asset manager VanEck filed to list the first BNB exchange-traded 
fund (ETF) in the United States.
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Standard Chartered sees BNB more than doubling in 2025

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