PANews May 6 news, according to CoinDesk, Geoff Kendrick, head of asset research at Standard Chartered Bank, predicted in a research report released on Tuesday that BNB Chain's native token BNB is expected to reach $2,775 by the end of 2028. The report pointed out that since May 2021, BNB's price trend has been highly consistent with the unweighted portfolio composed of Bitcoin and Ethereum, and this correlation is expected to continue. Kendrick expects this relationship to continue, and BNB's price will rise from the current approximately $600 to $2,775 by the end of 2028.
Kendrick said that as long as Binance remains one of the largest centralized exchanges (CEX), "the drivers of BNB's value are unlikely to change anytime soon," meaning the token has the potential to become a benchmark for digital assets. He noted that BNB Chain is almost entirely used for decentralized exchanges (DEX), lending protocols, and liquidity staking, meaning it is a "more centralized and 'traditional' smart contract platform than competitors like Ethereum and Avalanche."
