Binance Coin (BNB) Price Will Soar to $1,275 by the End of 2025, Says Standard Chartered

For Geoffrey Kendrick, global head of digital assets research at UK bank Standard Chartered, the Binance-linked token's price it set to soar.

Bitcoin has exchange-traded funds. Solana has memecoins. And Binance’s BNB? It’s old school.

For Geoffrey Kendrick, global head of digital assets research at UK bank Standard Chartered, the Binance-linked token’s price it set to soar.

That surge will be fuelled by its usage on decentralised finance services and it operating more like a concentrated smart-contract platform than rivals like Ethereum and Avalanche, Kendrick wrote in a report this week.

“BNB’s old-fashioned nature makes it unique among the largest digital assets,” he said.

And Kendrick predicted that this will catapult BNB’s price to $1,275 by the end of 2025, and crest $2,775 by the end of 2028 — a 359% increase from Wednesday’s $605 price.

How will BNB pull off that increase? The keys are predictability, the token’s diminishing supply, and its connection to Binance, Kendrick said.

Predictability

BNB’s predictability comes from its steady, “tortoise-like” approach to development, Kendrick wrote.

Other blockchains have raced to implement new features — for instance, Ethereum’s Pectra upgrade will go live on May 7 — but BNB has remained mostly the same since 2021.

And where Ethereum has over 1 million validators, BNB only has 45 that are elected every 24 hours to maintain the network. Its proof-of-authority mechanism elects those validators based on the total number of BNB tokens staked to each node.

“This makes BNB highly centralised relative to other chains,” Kendrick wrote.

These factors have meant BNB has traded “almost exactly in line with an unweighted basket of Bitcoin and Ethereum since May 2021 in terms of both returns and volatility,” said Kendrick.

BNB’s resistance to change, fostered by the mix of a lower developer-base and it’s slow-and-steady approach, suggests that one of its use-cases is that of a can be used “as a benchmark for digital assets overall,” Kendrick wrote.

Diminishing supply

The predictability is also helped by BNB’s deflationary model, Kendrick said.

BNB’s has a yearly inflation rate of -5.3%.

It has achieved that rate by an automated burn mechanism that deletes a varying amount of tokens depending on its price and the number of blocks generated by the blockchain.

The network also burns tokens that are accidentally lost each quarter.

The burns began in 2022 with around $150 million in Q1 2022 to $750 million in Q4 2022.

The token’s price at the start of 2023 was around $230 and by the end of 2023, Standard Chartered expects the price to be $1,275.

Binance ties

BNB also stands to benefit from its connection to Binance, the world’s largest centralised cryptocurrency exchange.

“Assuming Binance remains one of the largest CEXs, BNB’s value drivers are unlikely to change anytime soon,” Kendrick wrote.

Binance processes a whopping $12 billion in 24-hour volume and is still the leader among centralised exchanges, but its market share has been sliding.

Its share of all trading volume fell to 40% from a 63% peak on total trades back in 2023, according to Kendrick.

That $12 billion figure is nearly five times its closest contender, MEXC. Binance also has 57 million monthly users.

BNB’s relationship with Binance gives it an advantage.

Holders receive discounted trading fees on the platform, creating practical utility regardless of whether the blockchain innovates.