💹 Standard Chartered Predicts BNB's Rise to $2,800 by 2028

📈 Standard Chartered Bank, a major financial institution based in London, has released a report forecasting that BNB, the cryptocurrency supporting the BNB chain ecosystem, will steadily increase in value over the next three years. The bank predicts that BNB will reach approximately $2,775 by the end of 2028.

💰 Currently, BNB is the fourth-largest cryptocurrency by market capitalization, following Bitcoin and Ether. It was launched in 2017 through an initial coin offering (ICO) as part of Binance's establishment. Despite facing challenges such as centralization, high fees, and a limited developer base, BNB remains significant due to its association with Binance, the world's largest cryptocurrency exchange.

🔍 The report describes the BNB chain as a "centralized version of Ethereum backed by Binance" and notes that it is primarily used by decentralized exchanges and lending protocols. However, since 2021, BNB has traded like an unweighted index of Bitcoin and Ether, suggesting it may provide "steady returns" leading up to its projected price by 2028.

🗣 Geoffrey Kendrick, head of digital assets research at Standard Chartered, remarked on BNB's unique position:

BNB is unusual. Despite being the fourth largest non-stablecoin digital asset... it wouldn’t be on the top of most people’s radars.

He added that BNB's trading patterns make it an interesting benchmark for digital assets overall.