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Cryptocurrency News Articles
BNB Price Prediction: Standard Chartered Bank Forecasts a 360% Surge to $2,775 by 2028
May 08, 2025 at 06:15 pm
The financial institution predicts the token could rise 360% from its current price of approximately $600 to reach $2,775 by the end of 2028.
The price of BNB, the native token of the BNB Chain and fifth-largest cryptocurrency by market cap, could be set for a massive surge, according to a new report by Standard Chartered Bank.
The financial institution predicts that the token could rise 360% from its current price of approximately $600 to reach $2,775 by the end of 2028.
This prediction is based on the observation that BNB has traded almost exactly in line with an unweighted basket of Bitcoin and Ethereum since May 2021, both in terms of total return and volatility.
This relationship is expected to continue, driving BNB’s substantial price growth over the next few years. The bank forecasts BNB to reach $1,275 by 2025 and $2,775 by 2028, after which the price is expected to plateau through 2029.
At present, BNB has a market cap of about $87 billion, ranking it as the fifth-largest digital asset. The token was created in 2017 by Binance, the world’s largest cryptocurrency exchange.
Token Utility and Market Position
Originally launched on the Ethereum network, BNB later transitioned to become the native coin of its own blockchain, the BNB Chain, which was designed to allow developers to build decentralized applications.
Despite having fewer developers using its network compared to competitors, Standard Chartered's Global Head of Digital Assets Research Geoffrey Kendrick suggests this gives BNB a level of stability that could be beneficial.
“Because of its low developer numbers, BNB’s use cases have remained static relative to peer chains,” Kendrick noted in a Tuesday report.
The token’s value is closely tied to Binance’s trading platform, where holders receive tiered fee discounts based on their token balance and 30-day trading volume. This mechanical use case has helped maintain activity on the BNB Chain even as competition from other ecosystems like Solana increases.
“We suspect that lower developer activity has also helped to prevent rapid changes in the token’s narrative
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