A 360% increase for BNB? The major British bank Standard Chartered has accustomed us to its very optimistic analysts for cryptocurrencies, such as its forecast of a Ripple XRP at $13 by 2028, or a Bitcoin (BTC) at $200,000 even before the end of 2025. But today, it is the cryptocurrency of the BNB Chain, founded by Binance, that is in question. Indeed, Standard Chartered sees the price of BNB multiplying in the very near future.
Key points of this article:
Standard Chartered has projected a spectacular increase of 360% for BNB by the end of 2028.
BNB could see its valuation quadruple thanks to its link with Binance and its essential functions in the crypto ecosystem.
For Standard Chartered, BNB could more than quadruple its value by the end of 2028
In a recent report notably commented on by CoinDesk, financial experts from Standard Chartered estimated that the price of BNB could reach $2,775 by the end of 2028. This is an increase of 360% compared to its current price, which hovers near $600.
According to analysts at the British bank, the price of BNB tends to follow a non-weighted average between the prices of Bitcoin (BTC) and Ethereum (ETH):
"BNB has traded almost exactly at the same rate as an unweighted basket composed of Bitcoin and Ethereum, both in terms of returns and volatility."
Excerpt from the Standard Chartered report
Binance remains one of the main drivers of the value of its token
According to analysts at Standard Chartered, as long as Binance remains one of the largest centralized exchanges (CEX) in the cryptocurrency sector, the 'drivers of BNB valuation are unlikely to change anytime soon'.
Indeed, BNB is used both to pay trading fees on the Binance platform and to access exclusive features and discounts. On the other hand, BNB Chain uses it as its native cryptocurrency, for both gas fees and for DeFi (decentralized finance) and DEX (decentralized exchanges).
Analysts at Standard Chartered therefore believe that BNB could potentially serve as a benchmark for digital assets, as long as Binance remains one of the key players in the market. This valuation of the digital token created by Binance could also be driven by a spot BNB ETF, like the one recently filed by VanEck. Such an exchange-traded fund could indeed attract more ultra-wealthy institutional investors.
