Binance Coin (BNB) Could Rise by 360% to Reach $2775 by 2028

Binance Coin (BNB), the fifth-largest cryptocurrency by market cap, could see its price rise by 360%

The price of Binance Coin (BNB) could rise by 360% to reach $2,775 by 2028, according to a recent research note from Standard Chartered. The bank’s global head of digital-asset research Geoffrey Kendrick has initiated formal coverage of the token with one of the most detailed long-term projections in the industry.

As such, we highlight some of the key takeaways from the report:

* Standard Chartered is placing Binance Coin (BNB) in what it calls “a benchmark-like role” within the broader cryptocurrency market.

* The bank’s economists are expecting Bitcoin to reach $200,000 in 2025 and $500,000 by 2028, while they see Ethereum hitting $4,000 and $7,500 over the same periods.

* When translated into cross-asset ratios, these forecasts reveal interesting market dynamics. The BTC-BNB ratio is expected to increase from 157 in 2025 to 180 by 2027 and then stabilize, suggesting Bitcoin will outpace Binance Coin in dollar terms.

* Conversely, the ETH-BNB ratio is predicted to decrease from 3.14 in 2025 to 2.70 in 2027, indicating that while Ethereum may outperform Binance Coin, it will do so less dramatically than Bitcoin.

* “We prefer to place Binance Coin in what we deem a benchmark-like role within the broader digital-asset market, in recognition of its close ties to Binance, the world’s largest centralized exchange, and the BNB Chain’s useful but limited functionality,” said Kendrick in the note.

* “We expect this relationship to continue to hold, driving the price from around $600 currently to $2,775 by end-2028, at which point we believe the token will begin to level off in 2029.”

* This price trajectory would translate into a 360% surge from Monday’s morning prices.

* Standard Chartered’s outlook is optimistic for major cryptocurrencies overall.

* The bank’s economists are expecting Bitcoin to reach $200,000 in 2025 and $500,000 by 2028, while they see Ethereum hitting $4,000 and $7,500 over the same periods.

* When translated into cross-asset ratios, these forecasts reveal interesting market dynamics. The BTC-BNB ratio is expected to increase from 157 in 2025 to 180 by 2027 and then stabilize, suggesting Bitcoin will outpace Binance Coin in dollar terms.

* Conversely, the ETH-BNB ratio is predicted to decrease from 3.14 in 2025 to 2.70 in 2027, indicating that while Ethereum may outperform Binance Coin, it will do so less dramatically.

* “We prefer to place Binance Coin in what we deem a benchmark-like role within the broader digital-asset market, in recognition of its close ties to Binance, the world’s largest centralized exchange, and the BNB Chain’s useful but limited functionality,” said Kendrick in the note.

* “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.

* “We expect this relationship to continue to hold, driving the price from around $600 currently to $2,775 by end-2028, at which point we believe the token will begin to level off in 2029.”

* This price trajectory would translate into a 360% surge from Monday’s morning prices.

* According to the report, BNB Chain's architecture uses a "proof-of-staked authority" model with just 45 validators rotating every 24 hours, which is "highly centralized relative to other chains."

* Moreover, Standard Chartered observed that developer activity on BNB Chain has "stagnated" since the 2021 DeFi boom and now lags behind networks like Avalanche and Ethereum.

* Despite these limitations, upcoming technical milestones are expected to enhance the ecosystem.

* Standard Chartered highlights the recently completed Pascal hard fork and the upcoming Maxwell upgrade in June as "incremental but meaningful" incentives for developers.

* On the demand side, BNB's value remains intrinsically linked to Binance's trading platform. Token holders receive tiered fee discounts based on their balance and 30-day trading volume.

* This built-in utility has "helped the BNB Chain retain activity even as competition from other ecosystems like Solana grows," according to the report.

* Furthermore, PancakeSwap, the main decentralized exchange on BNB Chain,