🤯Binance Coin (BNB) could surge to $2,775 by the end of 2028, which represents more than a fourfold increase from its current price of around $600, according to a Standard Chartered research report released today.
The native token of Binance’s BNB Chain has mirrored the performance of Bitcoin and Ethereum combined since May 2021, both in terms of returns and volatility, notes Geoff Kendrick, head of digital assets research at Standard Chartered.
🚀Kendrick says BNB’s value is still anchored to Binance’s dominance. As long as the exchange stays on top, the analyst doesn’t expect much change in BNB’s fundamentals. He also sees potential for the token to act as a digital asset benchmark.