Standard Chartered Bank forecasts a price target of $2,775 for Binance Coin (BNB) by 2028, predicting a 364.047% increase in value over three years.
Geoff Kendrick, the head of research at Standard Chartered, expressed bullish sentiment towards BNB, attributing its potential growth to the success of the Binance exchange.
The optimistic outlook on BNB is supported by the recent BNB spot-based ETF filing from VanEck, which could potentially lead to a significant price surge upon approval by the U.S. SEC.
However, Standard Chartered acknowledges the risks associated with BNB, including regulatory uncertainties, market volatility, and macro instability, despite the positive price trajectory.