Catenaa, Wednesday, May 07, 2025-Standard Chartered has projected a major surge in the price of Binance’s BNB token, estimating it could rise more than 360% to $2,775 by the end of 2028.
The forecast, made in a report by Geoffrey Kendrick, the bank’s global head of digital assets research, positions BNB as a benchmark asset in the digital currency space.
The forecast, spotlighted by crypto influencer The Martini Guy on social media, could carry major implications for the digital asset market and investors in Binance Coin.
If realized, the projected surge in BNB’s value would not only represent a significant price escalation but could also elevate Binance founder Changpeng Zhao, widely known as CZ, to become the world’s third-richest person.
Kendrick said BNB’s performance has closely mirrored a basket of Bitcoin and Ethereum since 2021, both in returns and volatility. The bank expects this alignment to persist, driving long-term growth for the token.
Despite acknowledging BNB Chain’s centralized structure—with just 45 validators compared to Ethereum’s over one million—Kendrick sees value in its exchange-linked utility.
BNB’s integration with Binance allows holders to receive trading discounts, a feature that continues to support strong demand.
The report also pointed to BNB’s deflationary supply model and ongoing token burns as key factors enhancing its appeal. Kendrick noted that upgrades to BNB Chain, including the Pascal hard fork and upcoming Maxwell upgrade, could reinvigorate developer activity, which currently trails behind networks like Avalanche and Ethereum.
Kendrick also made sweeping predictions for other major crypto assets. He sees bitcoin reaching $200,000 by 2025, AVAX hitting $250 by 2029, and XRP climbing to $12.50 by 2028. His outlook for ether was revised down to $4,000 for 2025.
