BNB Projected to Quadruple by 2028, Says Standard Chartered

BNB, the native token of Binance's layer 1 smart contract platform BNB Chain, is projected to offer steady returns and could reach $2,775 by the end of 2028, according to a research report by investment bank Standard Chartered.

Geoff Kendrick, head of digital assets research at Standard Chartered, noted that BNB has closely mirrored the performance of an unweighted basket of bitcoin and ether in terms of both returns and volatility since May 2021. Kendrick expects this trend to continue, with BNB increasing from its current price of around $600 to $2,775 by the end of 2028.

Kendrick's analysis suggests that as long as Binance remains one of the largest centralized exchanges, BNB's value drivers are unlikely to change significantly. This stability could position BNB as a benchmark for digital assets. BNB Chain is predominantly used for decentralized exchanges, lending protocols, and liquid staking, making it a more concentrated and traditional smart contract platform compared to rivals like Ethereum and Avalanche.

The growth potential of BNB is underpinned by its utility within the Binance ecosystem. BNB is used for various purposes, including paying transaction fees on the Binance exchange, participating in token sales, and accessing premium features. As the Binance ecosystem continues to expand and attract more users, the demand for BNB is expected to increase, further driving its value.

Technological advancements and innovations within the Binance ecosystem are also likely to contribute to the growth of BNB. Binance has been actively developing new products and services, such as decentralized finance (DeFi) platforms and non-fungible token (NFT) marketplaces, which could enhance the utility and value of BNB. These developments are expected to attract more users and investors, thereby increasing the demand for BNB.

Regulatory developments in the cryptocurrency market could also play a role in the growth of BNB. As governments and regulatory bodies continue to develop frameworks for cryptocurrencies, the legitimacy and acceptance of digital assets are expected to increase. This could lead to greater adoption and investment in cryptocurrencies, including BNB, further driving its value.

In conclusion, the prediction by Standard Chartered that BNB could reach $2,775 by the end of 2028 highlights the significant growth potential of the cryptocurrency. The increasing adoption, technological advancements, and regulatory developments within the Binance ecosystem and the broader cryptocurrency market are expected to drive the value of BNB, positioning it as a top-performing cryptocurrency in the years to come.