BNB Could Rise More Than 360% to $2775 by 2028, According to Standard Chartered

Standard Chartered has predicted that the price of BNB, the native token of BNB Chain and the cryptocurrency associated with Binance exchange, could increase by more than 360% in the coming years.

In a research note on Monday, Geoffrey Kendrick, Global Head of Digital Assets Research at the bank, forecasts that BNB will rise from its current price of around $600 to $2,775 by the end of 2028. This prediction is part of Standard Chartered’s formal coverage of the token.

The cryptocurrency is currently the fifth largest digital asset by market capitalization, valued at approximately $87 billion according to CoinGecko figures. The token was created in 2017 by Binance, which is the world’s largest cryptocurrency exchange by trading volume.

The cryptocurrency initially operated on the Ethereum network before migrating to its own blockchain, BNB Chain. This network allows developers to build decentralized applications, though Kendrick notes that developer activity on BNB Chain has not kept pace with competing networks.

“Since May 2021, the token has traded almost exactly in line with an unweighted basket of Bitcoin and Ethereum in terms of both returns and volatility,” says Kendrick.

He expects this relationship to continue, which forms the basis for the price growth prediction.

The research examines BNB’s position relative to other major cryptocurrencies. The BTC-BNB ratio is expected to increase from 157 in 2025 to 180 by 2027, suggesting Bitcoin will outpace BNB in dollar appreciation.

In contrast, the ETH-BNB ratio is projected to decrease from 3.14 in 2025 to 2.70 in 2027, indicating that Ethereum may outperform BNB but not as strongly as Bitcoin will.

Despite these comparisons, Kendrick anticipates that BNB will maintain its position as a key cryptocurrency due to its deflationary tokenomics and connection to Binance.

The bank’s analysis points out that BNB Chain uses a “proof-of-staked authority” consensus model with only 45 validators rotating every 24 hours. This stands in stark contrast to Ethereum’s network, which has over one million validators.

Because of this structure, Kendrick describes BNB Chain as “highly centralized relative to other chains.” The research also notes that developer activity on the network has “stagnated” since the 2021 DeFi surge.

“Because of its low developer numbers, BNB’s use cases have remained static relative to peer chains,” says Kendrick, who adds that this actually gives the coin a certain level of stability.

The lack of expanding use cases may be a limitation for some cryptocurrencies, but for BNB it could provide consistency. “Assuming Binance remains one of the largest centralized exchanges, BNB’s value drivers are unlikely to change anytime soon,” the note explains.

This stability factor leads Kendrick to suggest that BNB could serve as “a form of benchmark, or average, for digital asset prices more broadly.”

Standard Chartered has been bullish on the cryptocurrency market in general. Last month, the bank predicted that Bitcoin would reach $200,000 by the end of 2025 and climb to $500,000 by 2028. For Ethereum, they forecast prices of $4,000 in 2025 and $7,500 by 2028.

The latest price data shows BNB trading at approximately $595, according to figures from CoinGecko.