Standard Chartered Reveals Its 2028 Price Prediction for BNB – Hard-to-Believe Numbers

Standard Chartered has published an analysis of Binance’s native coin BNB, predicting that the coin’s price could reach $2,775 by the end of 2028. This forecast indicates an increase of over 360% from current levels. “BNB has been almost exactly in line with an unweighted basket of Bitcoin and Ethereum in terms of both return and volatility since May 2021. We expect this relationship to continue and the price to rise from around $600 to $2,775,” said Geoffrey Kendrick, Head of Digital Assets Research at Standard Chartered, in the report published by the bank. Kendrick sees BNB as a “benchmark-like” asset in the cryptocurrency market. Kendrick acknowledged that it may be weaker in terms of absolute returns and circulating market cap compared to Bitcoin and Ethereum, but stated that BNB will maintain its long-term value thanks to its deflationary structure and close relationship with the Binance exchange. BNB Chain’s “proof of staked authority” consensus model, which works with just 45 validators, unlike decentralized networks like Ethereum, means the network is highly centralized. Kendrick said this structure has resulted in much lower developer activity compared to rivals like Avalanche and Ethereum. However, he said the recent Pascal hardfork and the Maxwell upgrade expected in June could increase developer interest over time. BNB continues to see strong user demand thanks to its use cases, which provide benefits such as reduced trading fees on the Binance exchange. According to Kendrick, the dominance of decentralized applications like PancakeSwap on the BNB Chain plays a key role in maintaining the network’s effectiveness despite increasing competition from rival ecosystems like Solana. Kendrick also said that BNB’s deflationary supply model and regular token burn mechanism contribute to it trading at a “high” value based on Standard Chartered’s preferred market cap-to-GDP ratio for Layer 1 projects. *This is not investment advice. Source: https://en.bitcoinsistemi.com/standard-chartered-reveals-its-2028-price-prediction-for-bnb-hard-to-believe-numbers/