Binance Coin (BNB) could surge to $2,775 by the end of 2028

ain (BNB) Could Soar to $2775 by 2028

Binance Coin (BNB) could hit $2,775 by 2028, which represents more than a fourfold increase from its current price of around $600, according to a Standard Chartered research report.

Since May 2021, BNB has delivered returns and displayed volatility comparable to the combined performance of Bitcoin and Ethereum, as highlighted by Standard Chartered.

The stellar performance of Binance Coin (BNB) could continue, potentially pushing the token to new highs of $2,775 by the end of 2028, according to a recent analysis by Standard Chartered. This projection represents a fourfold increase from the current price of around $600.

The analysis, titled "Digital Asset Focus: Binance Coin - Still a Chain Relative to Bitcoin and Ethereum," was released on Tuesday.

The native token of Binance’s BNB Chain has mirrored the performance of Bitcoin and Ethereum combined since May 2021, both in terms of returns and volatility, notes Geoff Kendrick, head of digital assets research at Standard Chartered.

Kendrick adds that BNB’s value is still largely contingent upon Binance's exchange dominance. Should the exchange maintain its top spot, the analyst doesn't anticipate significant changes in BNB's fundamentals.

He also sees potential for the token to act as a benchmark within the broader digital asset space.

"We prefer to think of BNB Chain as being more concentrated and ‘old-fashioned’ smart contract platform than rivals such as Ethereum and Avalanche," said Kendrick.

"It focuses on DEXs, lending protocols and liquid staking rather than, say, NFTs, gaming or metaverse tokens."

Talking about recent market selloffs, BNB has shown resilience

In April, despite a broader market downturn that saw many altcoins decline sharply, Binance Coin maintained a strong position.

The asset, currently ranked fifth-largest cryptocurrency by market cap, is trading less than 25% below its all-time high. In contrast, other altcoins have faced steeper declines, with some dropping as much as 98%.

suggest that BNB Chain continues to lead in decentralized application (dApp) adoption, with 5,686 dApps supported, compared to 4,988 on Ethereum and 2,406 on Polygon.

In terms of DeFi activity, BNB Chain ranks fourth in total value locked (TVL), at approximately $5.8 billion, trailing Ethereum, Solana, and Bitcoin, according to DefiLlama.