Standard Chartered Predicts BNB Could Reach $2,775 by 2028

A renowned bank has started its formal analysis of a major cryptocurrency exchange token and has outlined one of the most comprehensive long-term projections for it. In a detailed report, a high-ranking official in the digital assets division suggests that the token’s price could rise from approximately $600 presently to $1,275 by the year 2025 and further to $2,775 by 2028, before stabilizing in 2029.

Potential for 360% Increase

This forecast indicates a remarkable growth potential of over 360% relative to current valuations and classifies the token in what is described as a “benchmark-like position” within the cryptocurrency ecosystem. The analysis highlights that the token has closely mirrored the performance of a collection of leading cryptocurrencies since mid-2021, both in returns and volatility. Expectations are set for this pattern to persist, propelling the token from its current price to an anticipated $2,775 by the end of 2028.

Additional Insights

The overall perspective from the bank remains consistently optimistic for major cryptocurrencies: Bitcoin is expected to surge to $200,000 by 2025 and potentially reach $500,000 by 2028, while projections for Ethereum stand at $4,000 and $7,500 in the same timeframe. When these predictions are assessed in terms of relative market shares, they suggest nuanced adjustments.

The ratio of Bitcoin to the exchange token is anticipated to increase from 157 in 2025 to 180 by 2027, remaining stable thereafter, which indicates that Bitcoin’s appreciation in value could outpace that of the token. Conversely, the Ethereum to token ratio is expected to decrease from 3.14 in 2025 to 2.70 by 2027, implying that Ethereum might perform better than the exchange token, though with less intensity compared to Bitcoin.

While acknowledging the potential for the exchange token to lag behind both Bitcoin and Ethereum in terms of market capitalization, the report suggests that its deflationary economics and strong ties to a leading centralized exchange bolster its long-term valuation.

The report elaborates on the structural design of the blockchain associated with the exchange token. Its model uses a limited set of validators, in stark contrast to the expansive network employed by Ethereum. The analysis describes this blockchain as being “highly centralized” in comparison to others and mentions that its development activity has not advanced significantly since the DeFi boom of 2021, now trailing behind other networks.

Additional Insights

Nevertheless, upcoming technical upgrades are projected to enhance the ecosystem’s durability. The completion of a recent upgrade and an upcoming major release are viewed as “incremental yet significant” boosts for developers.

The demand for the token remains closely linked to the trading platform’s operational performance. Token holders enjoy tiered transaction fee reductions based on their holdings and trading volume over a specific period, a feature that has so far contributed to consistent engagement with the token, even amidst rising competition. The leading decentralized exchange operates within this ecosystem, strengthening liquidity.

Moreover, ongoing token burns alongside a capped total supply foster a structure of deflation that the bank suggests legitimizes the premium pricing of the token based on its market cap relative to economic outputs—a metric that currently appears “elevated” by the bank’s standards.

At the time of writing, the token is priced at $605.