Standard Chartered’s Bold Call: BNB to Surge 400% by 2028

Binance Coin (BNB) could skyrocket to $2,775 within three years, according to a bombshell prediction from banking giant Standard Chartered—because apparently, traditional finance loves crypto price targets now.

The forecast implies a nearly 5x leap from current levels, betting big on BNB’s utility within the Binance ecosystem despite regulatory headwinds. Analysts cite token burns and exchange dominance as key drivers.

One caveat? This assumes Binance survives its endless tango with global regulators. But hey—if Wall Street can pump stocks during recessions, why not crypto during crackdowns?

Standard Chartered Projects BNB to Follow 2021 Trend, Hit $2,775 by 2028

Although we are just six days into May, it has already been a rather important month for BNB. Not only has it been the subject of a recent ETF filing from asset manager VanEck, but it was recently put forward as the potential subject of a crypto reserve for Kyrgyzstan.

That has fueled increased Optimism over the asset’s long-term performance prospects. However, it hasn’t been the sole reason why Standard Chartered Bank is predicting Binance’s BNB coin to reach a $2,775 price by the year 2028.

“BNB has traded almost exactly in line with an unweighted basket of Bitcoin and Ether since May 2021, in terms of both returns and volatility,” Geoff Kendrick wrote. Subsequently, he expects that relationship to continue. Moreover, he expects to drive the price from its current value below $600 to above $2,700 in just three years.

Binance’s status remains a catalyst. For the projection to come to fruition, it must maintain its position as a top crypto exchange. If it does, “BNB’s value drivers are unlikely to change anytime soon,” Kendrick noted. Conversely, the asset has been stagnant recently. Indeed, it is up only 1% over the last year, according to CoinMarketCap. Yet, that is expected to change in a major way.