BNB Price Prediction: Standard Chartered Sets 2025 Target at $1,275 and 2028 at $2,775

Since initiating its coverage of the cryptocurrency markets in 2021, Standard Chartered has been responsible for multiple exceptionally bullish price forecasts.

Standard Chartered is known for its bold cryptocurrency price predictions, and in a recent note, the bank's analysts set price targets for Binance’s BNB token.

According to the bank, BNB could reach $1,275 by the end of 2025 and an even more staggering $2,775 by 2028.

This prediction is based on the token’s estimated correlation with Bitcoin (BTC) and Ethereum (ETH), both of which are also expected to rally significantly in the coming years.

Earlier this year, Standard Chartered set a price target of $200,000 for Bitcoin by 2025 and $500,000 by 2028. At the time, the cryptocurrency was trading at around $48,000.

If Bitcoin were to reach the predicted price levels by 2025, it would be up 106.31% from its press time price of $96,942 by December 31 and 415.77% within three years.

In March, the last time the crypto market was hit by a "substantial setback," the correlation coefficient between BNB and BTC was estimated at 0.86, while that of BNB and ETH was 0.8.

The fact that Standard Chartered's forecast estimates a 110.47% rally for the token this year and 358.07% from its press time price of $605 by 2028 falls in line with the correlation thesis.

Why BNB is set for a 360% three-year rally

Although the bank's head of crypto research, Geoffrey Kendrick, noted that BNB’s developer activity has been comparatively lacking in recent years, he is optimistic that the upcoming Maxwell upgrade and the recent Pascal hard fork would alter the situation.

Kendrick also stated that the token’s low developer activity has been less of a hurdle than it would be for most other digital assets, thanks to its utility in the Binance cryptocurrency exchange ecosystem and use on related decentralized platforms such as PancakeSwap.

The crypto behemoth's native token is used for paying trading fees on the exchange, and it is also used to power a decentralized application (DApp) ecosystem on Binance Chain.

The Binance ecosystem is one of the largest in the industry, and BNB is a key part of this ecosystem. The token is used for a variety of purposes, including paying for goods and services, and it is also invested in by a large and growing community of crypto enthusiasts.

BNB adoption could skyrocket in 2025

BNB could also potentially receive additional utility and see greater adoption in the relatively near future.

Recently, investment firm VanEck filed for a spot BNB exchange-traded fund (ETF), adding to the Securities and Exchange Commission's (SEC) queue of such products.

The SEC is widely expected to approve a significant set of such investment vehicles due to multiple factors.

These include the new year deadline for the regulator to decide on the pending applications for Bitcoin and Ethereum ETFs, which were initially submitted in 2021, and the fact that the SEC is expected to become more crypto-friendly under President Donald Trump.

Moreover, Trump Media & Technology (NASDAQ:DJT) is planning to partner with Crypto.com to launch cryptocurrency exchange-traded products (ETP) in Europe.

Earlier this year, Binance founder and former CEO Changpeng Zhao has also been lobbying for nation states to adopt his company's cryptocurrency.

Speaking at the Eurasia Economic Forum in Kyrgyzstan on May 5, Zhao recommended that the Central Asian country should add both BTC and BNB to its strategic reserve.

BNB needs to break stagnant performance to meet the target

Standard Chartered's price prediction would require a substantial shift in BNB's price action.

While it would be unfair to say the cryptocurrency has been weak, though it is 13.66% down year-to-date (YTD), and it is 75.59% above the high points of its ‘crypto winter’ range between roughly $200 and $350, it has been somewhat stagnant.

BNB rocketed from approximately $200 to about $600 between late 2023 and early 2024 and has, despite notable volatility, moved little since.