The price of Binance-linked token BNB is projected to rise to $2775 by the end of 2028, according to a forecast by Standard Chartered, as reported by The Block.
With the current rate at $606.1, this suggests a 4.58-fold increase.
Experts noted the similarity in the performance of BNB to an unweighted basket of Bitcoin and Ethereum in terms of both returns and volatility. They expect this trend to continue.
The deflationary nature of the asset, its integration with the largest Bitcoin exchange, and the dominance of PancakeSwap among DEXs on BNB Chain will provide support.
Standard Chartered highlighted the more centralized nature of the BNB network due to the PoA consensus algorithm involving 45 validators elected every 24 hours.
Analysts suggested an increase in developer activity following the recent Pascal update and the upcoming Maxwell in June. Currently, BNB Chain lags behind Avalanche and Ethereum in this regard.
By the end of 2024, the BNB Chain DeFi ecosystem grew by 58%, with the volume of funds locked in smart contracts reaching $5.5 billion.
In February, the project published a technical roadmap for 2025.
Earlier, Standard Chartered urged the purchase of the first cryptocurrency and predicted its price would rise to $120,000 in the second quarter.
Back in March, the bank’s analysts revised their Ethereum price target for 2025, lowering it from $10,000 to $4,000. They cited the growing influence of L2 solutions, particularly the Base platform, as a reason.