Binance Coin (BNB) holders are optimistic after Standard Chartered Bank issued a bullish long-term forecast. The bank is predicting the BNB Coin will increase to $2,775 by 2028. This ambitious target would be a nearly 4.5x increase from its current price of around $598. This encourages investors to hold the BNB token in the current market.
Geoff Kendrick, head of digital asset research at Standard Chartered, made the BNB price prediction. He pointed out a strong historical correlation between Binance Coin and an unweighted basket of Bitcoin and Ethereum.
“BNB has traded almost exactly in line with an unweighted basket of Bitcoin and Ether since May 2021, in terms of both returns and volatility,” Kendrick noted.
BNB’s recent headlines also appear supportive. In May 2025, asset manager VanEck filed for a spot BNB ETF. As SCB makes its predictions, institutional interest is significantly growing. Additionally, Kyrgyzstan reportedly considered adopting Binance Coin as part of a national crypto reserve. This development came after the former CEO of Binance, Changpeng Zhao, suggested that the country.
These developments add credibility to Standard Chartered’s long-term outlook and support the idea that BNB’s value will increase over the next few years.
Short-Term Struggles Remain
However, not all indicators point to immediate growth. According to CoinMarketCap, the BNB price has gained only 2% over the past year. The token is underperforming compared to other tokens like Bitcoin and Solana.
The fear and greed index, at 59, shows “greed,” yet price momentum has been weak. BNB’s 50-day SMA is $604, slightly above its current price. On the other hand, the 200-day SMA sits at $625. The 14-day Relative Strength Index reads 50.21, indicating neutral momentum.
BNB Long-Term Outlook
Standard Chartered’s $2,775 forecast presents a compelling narrative for long-term investors willing to weather volatility and uncertainty. These predictions could be accurate considering BNB’s expanding role in ETF applications, sovereign reserve consideration, and strong historical alignment with Bitcoin and Ethereum trends.
If countries like Kyrgyzstan include BNB in their national reserves, it could lead to a price increase. Additionally, the approval of a BNB ETF will only increase institutional interest.
Nevertheless, traders seeking short-term profits may need caution, as technical signals continue to show mixed sentiments. For now, BNB holders appear divided. Some fear declines, while others are emboldened by the promise of exponential returns by 2028.
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