Key Takeaways
BNB (
$645.65 ) could reach $2,775 by 2028, which is a fourfold increase from its current price.
BNB ( $645.65 ) ’s trading patterns have closely tracked Bitcoin (
$110,171.00 ) and Ethereum (
$0.00 ) since May 2021.
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Binance Coin ( BNB ( $645.65 ) ) could surge to $2,775 by the end of 2028, which represents more than a fourfold increase from its current price of around $600, according to a Standard Chartered research report released today.
The native token of Binance’s BNB ( $645.65 ) Chain has mirrored the performance of Bitcoin ( $110,171.00 ) and Ethereum ( $0.00 ) combined since May 2021, both in terms of returns and volatility, notes Geoff Kendrick, head of digital assets research at Standard Chartered.
Kendrick says BNB ( $645.65 ) ’s value is still anchored to Binance’s dominance. As long as the exchange stays on top, the analyst doesn’t expect much change in BNB ( $645.65 ) ’s fundamentals. He also sees potential for the token to act as a digital asset benchmark.
BNB ( $645.65 ) Chain primarily focuses on decentralized exchanges, lending protocols, and liquid staking, making it a “more concentrated and ‘old-fashioned’ smart contract platform than rivals such as Ethereum ( $0.00 ) and Avalanche,” according to Kendrick.
BNB ( $645.65 ) showed resilience during recent market selloffs
BNB ( $645.65 ) maintained a strong position in April despite a broader market downturn that sent many altcoins tumbling.
The asset, currently ranked as the fifth-largest crypto by market cap, is trading less than 25% below its all-time high, but still outperforming other altcoins, some of which have dropped as much as 98%.
BNB ( $645.65 ) Chain continues to lead in decentralized application (dApp) adoption, with 5,686 dApps supported, according to DappRadar. In comparison, Ethereum ( $0.00 ) supports 4,988 dApps and Polygon 2,406.
In terms of DeFi activity, BNB ( $645.65 ) Chain ranks fourth in total value locked (TVL), with approximately $5.8 billion, behind Ethereum ( $0.00 ) , Solana, and Bitcoin ( $110,171.00 ) , per DefiLlama.
On the institutional front, Wall Street is starting to pay attention to BNB ( $645.65 ) . Major fund manager VanEck recently filed a registration statement with the SEC to launch the VanEck BNB ( $645.65 ) ETF, which would be the first US-registered ETF designed to directly track the spot price of BNB ( $645.65 ) .
Pending SEC and exchange approvals, the ETF may also offer staking features, enabling investors to earn BNB ( $645.65 ) rewards on top of price exposure.
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