Standard Chartered Bank has issued a bullish long-term forecast for Binance Coin (BNB), projecting that the token could surge to $2,775 by the end of 2028. This represents a potential increase of over 360% from its current price of approximately $628.

📈 Key Highlights

  • Current Price: $628.36

  • 2025 Target: $1,275

  • 2028 Target: $2,775

  • Projected Growth: Over 360%

🔍 Analysis by Standard Chartered

Geoffrey Kendrick, Head of Digital Asset Research at Standard Chartered, notes that BNB has exhibited a strong correlation with an unweighted basket of Bitcoin (BTC) and Ethereum (ETH) since May 2021. This pattern suggests that BNB could continue to serve as a benchmark-like asset within the cryptocurrency market. Kendrick expects this relationship to persist, driving BNB's price from around $600 currently to $2,775 by 2028.

🏦 Institutional Developments

The forecast is further supported by increasing institutional interest in BNB. VanEck, a prominent asset manager, has filed for the first-ever U.S.-domiciled spot BNB Exchange-Traded Fund (ETF). If approved, this ETF would provide investors with regulated access to BNB, potentially boosting demand and liquidity.

🔮 Conclusion

Standard Chartered's projection underscores a positive outlook for BNB, driven by its integral role within the Binance ecosystem and growing institutional adoption. While the forecast is optimistic, investors should consider the inherent volatility and risks associated with cryptocurrency investments.

Disclaimer:

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