Standard Chartered Projects BNB to Hit $2,775 by 2028 in New Forecast

Edyme

May 7, 2025

The projection represents more than a 360% gain, aligning BNB’s future trajectory with the performance trends of Bitcoin and Ethereum

Standard Chartered sees BNB hitting $2,775 by 2028, driven by exchange utility, deflationary supply, and market correlation with BTC and ETH.

Background

Standard Chartered has intiated formal research coverage on Binance’s BNB token, forecasting a significant price increase from its current level of around $600 to $2,775 by the end of 2028.
The projection represents more than a 360% gain, aligning BNB’s future trajectory with the performance trends of Bitcoin and Ethereum.

The report, authored by Geoffrey Kendrick, Standard Chartered’s global head of digital assets research, outlines BNB’s tight price correlation with BTC and ETH since mid-2021 and anticipates that relationship to persist.
BNB Chain, Binance’s Layer 1 blockchain, currently operates under a “proof of staked authority” model with only 45 validators elected daily, a contrast to Ethereum’s decentralized validator network, which exceeds 1 million nodes.

Why should you pay attention?

A $2,775 price target from a global bank lends institutional weight to BNB’s long-term viability, despite concerns over its centralization.
The forecast comes amid increasing scrutiny and competition from more decentralized blockchains, highlighting BNB’s resilience through strong exchange-linked utility and user incentives.
With a deflationary tokenomics structure and continued token burns, BNB offers a unique supply-side appeal that could support upward price movement even amid ecosystem stagnation.

Who said what?

Geoffrey Kendrick, Standard Chartered:

“BNB has traded almost exactly in line with an unweighted basket of Bitcoin and Ethereum… We expect this relationship to continue… driving BNB’s price to $2,775 by end-2028.”

Kendrick described BNB as “benchmark-like,” adding that its deflationary model, Binance integration, and consistent user demand support its valuation, even if developer activity on BNB Chain lags behind peers.
He acknowledged that BNB Chain’s limited validator count and underwhelming post-DeFi boom growth could limit its appeal but said upcoming upgrades, such as June’s Maxwell update, could help turn that around.

Zooming out

Kendrick’s bullish projection adds to a series of optimistic crypto forecasts from Standard Chartered, including a $500K Bitcoin prediction by 2028 and a tenfold increase for Avalanche’s AVAX.
The BNB prediction highlights the role of exchange-linked tokens in crypto’s evolving market structure and reflects a growing institutional appetite for assessing token valuations beyond BTC and ETH.
As Binance continues to dominate spot trading volumes globally, BNB’s performance remains closely tied to the platform’s reach, making it a unique hybrid between a Layer 1 token and an exchange reward mechanism.
Whether BNB hits its $2,775 target may depend on Binance’s continued dominance, the success of its upcoming technical upgrades, and broader market support for centralized-but-functional blockchains.