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BNB Price Forecast
Standard Chartered Bank projects that BNB (Binance Coin) could reach $2,775 by the end of 2028โa massive 360% increase from its current price of ~$597.
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Why BNB?
According to Geoffrey Kendrick, Head of Digital Assets Research at the bank:
BNB is acting like a โbenchmark tokenโโmeaning its price movements often reflect broader crypto market trends, just like Bitcoin (BTC) and Ethereum (ETH).
โถ๏ธ Benchmark Token = A reference asset used to measure or compare other assets in the market.
BNB has shown strong correlation with Bitcoin and Ethereum since 2021, moving similarly in terms of price changes (returns) and market swings (volatility).
โ BNB Basics
Launched in 2017 by Binance, the world's largest centralized crypto exchange.
Originally an ERC-20 token (built on Ethereum), it later migrated to its own blockchainโBNB Chain.
It is a utility token, which means it's mainly used for functions within the Binance ecosystem, such as trading fee discounts, staking, or participation in token sales.
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Use Case and Developer Activity
Although developer activity on BNB Chain is lower than on competing blockchains (like Ethereum or Solana), BNBโs consistent use by traders gives it a stable position in the market.
According to Kendrick:
โBNBโs use cases have remained static, but this adds stability. As long as Binance stays a top exchange, BNBโs core value drivers wonโt change.โ
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BNB as Market Benchmark
Standard Chartered believes BNB could act like a market average for crypto asset pricing. That means even if it doesnโt grow from new use cases, its price reflects the overall health and direction of the crypto market.
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BTC Prediction Also Bullish
Standard Chartered also reaffirmed its Bitcoin target of $200,000 by year-end 2025, citing strong inflows from investors moving money out of U.S. stocks and into crypto.
