BNB Price To Surge To $2,775 By 2028, Driven By Bitcoin And Ethereum Correlation, Says Standard Chartered

Standard Chartered's Head of Digital Assets Research Geoffrey Kendrick on Monday has forecast that BNB BNB/USD, the native token of Binance's Layer-1 blockchain, could reach $2,775 by the end of 2028, supported by its consistent trading correlation with Bitcoin and Ethereum.

What Happened: In a new report initiating coverage of BNB Chain, Kendrick emphasized the coin's "old-school" profile, dominated by decentralized exchanges, lending protocols, and liquid staking use cases, a sharp contrast to the broader innovation trends seen on chains like Ethereum ETH/USD and Avalanche AVAX/USD.

Despite its relatively static developer activity, Kendrick argues that BNB’s price stability and predictable behavior make it a reliable benchmark for the digital asset market.

"BNB trades almost exactly like an unweighted basket of BTC and ETH," he wrote, adding that both returns and volatility since May 2021 mirror that index closely.

BNB is currently trading at around $600.

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Why It Matters: Its projected rise to $2,775 implies a more than fourfold increase over the next four years, though Standard Chartered expects this to be an underperformance relative to BTC and ETH due to BNB's limited innovation and slower ecosystem growth.

The report points out that BNB trades ‘rich' by the firm's preferred valuation metric, market cap to chain GDP, likely due to its connection to Binance's centralized exchange and the deflationary tokenomics of BNB.

Despite fewer developers and a slower expansion of use cases, Standard Chartered believes BNB's value will remain tightly linked to Binance's prominence in the crypto ecosystem, reinforcing its utility as a sector-wide barometer.

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