BNB (BNB), the native token for Binance’s Layer 1 Smart Contract Platform BNB chain, is likely to offer a stable return and could reach $ 2,775 by the end of 2028, Investment Bank Standard Chartered (Stan) said in a research report on Tuesday.

“BNB has been acting almost accurately in line with an unwared basket with Bitcoin and Ether since May 2021 in terms of both returns and volatility,” wrote Geoff Kendrick, head of research into digital assets.

Kendrick expects this relationship to have and BNB will rise from its current price of about $ 600 to $ 2,775 by the end of 2028.

As long as Binance remains one of the largest centralized exchanges (CEX), “BNB’s value drivers are unlikely to change anytime soon,” Kendrick said, and that means the token could potentially act as a benchmark for digital assets.

BNB chain is used almost exclusively for decentralized exchanges (DEX), lending protocols and for fluid efforts, he noticed, which means it is a “more concentrated and ‘old-fashioned’ smart contract platform than rivals such as Ethereum and Avalanche.”

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