Standard Chartered Bank: BNB coin price may reach $2775 by the end of 2028

According to CoinDesk, Geoff Kendrick, head of asset research at Standard Chartered Bank, predicted in a research report released on Tuesday that the native token BNB of BNB Chain is expected to reach $2775 by the end of 2028. The report points out that since May 2021, the price trend of BNB has been highly consistent with the unweighted investment portfolio composed of Bitcoin and Ethereum, and this correlation is expected to continue. Kendrick expects this relationship to continue, with BNB prices rising from around $600 currently to $2775 by the end of 2028. Kendrick stated that as long as Binance remains one of the largest centralized exchanges (CEX), "the value drivers of BNB are unlikely to change soon," which means the token has the potential to become a benchmark for digital assets. He pointed out that BNB Chain is almost entirely used for decentralized exchanges (DEX), lending protocols, and liquidity staking, which means it is a "more centralized and 'traditional' smart contract platform than competitors such as Ethereum and Avalanche".