Binance Smart Chain, created by Binance's CEO Changpeng Zhao, is a popular cryptocurrency with low network fees and various benefits.
Standard Chartered predicts that BNB could reach $1,275 by the end of next year and $2,775 by 2028, making it a highly valued token.
Despite its success, BNB is controversial due to concerns about its centralization, regulatory issues, and rising competition from platforms like Coinbase and Kraken.
Binance has transformed BNB beyond a token and benefits users through fee reductions, security measures, and scarcity due to coin burning, but faces challenges in maintaining its dominance.