Foresight News reports that, according to The Block, Geoffrey Kendrick, the global head of digital assets research at Standard Chartered Bank, predicts that the BNB price will rise to $2,775 by the end of 2028, an increase of over 360% from the current level. Kendrick believes that although BNB's actual performance and circulating market value may not match Bitcoin and Ethereum, BNB's deflationary characteristics and its association with the Binance centralized exchange support its long-term value.
Kendrick states that based on Standard Chartered Bank's preferred valuation metric for Layer 1 smart contract platforms—market capitalization to GDP ratio, BNB's current trading price is "high," which may be due to its exchange bundled sales and deflationary characteristics.
