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Standard Chartered Bank has forecasted that Binance Coin (BNB) could more than double in value, reaching approximately $1,275 by the end of 2025. The bank also projects a potential rise to $2,775 by the end of 2028. As of May 6, BNB is trading at nearly $600 per coin, with a fully diluted value of approximately $84 billion, according to data from CoinMarketCap.
Geoff Kendrick, an analyst at Standard Chartered, noted that BNB has traded almost exactly in line with an unweighted basket of Bitcoin and Ethereum since May 2021 in terms of both returns and volatility. He expects this relationship to continue, driving BNB’s price growth.
While BNB Chain has less developer activity compared to other layer-1 networks like Ethereum or Avalanche, Standard Chartered suggests that this could serve as a source of stability for BNB. The bank believes that if Binance remains one of the largest centralized exchanges, BNB’s value drivers are unlikely to change anytime soon.
