Standard Chartered, a UK-headquartered global financial institution, has projected BNB price for the next four years, including a rally to $2,775 by 2028.The prominent financial institution sees BNB, the utility token of the BNB Chain ecosystem, hitting giant strides in the next three years. Specifically, the outlook suggests the token will surge 360% from the current market price of around $604 to $2,775 by 2028.Before then, Geoff Kendrick, Standard Chartereds head of digital asset research, speculated a slow but intentional price swell. He predicted a rally to $1,275 this year, then $1,755 and $2,225 in 2026 and 2027, before trading near $2,800 in the subsequent year.BNB Price Outlook Standard CharteredBNB Price Outlook | Standard CharteredCatalyst for Sustained RallyDespite less traction coming BNBs way, it still controls a considerable amount of the global crypto market cap. It currently ranks as the fifth-largest cryptocurrency by market cap, with a valuation of $84.5 billion.Meanwhile, Kendrick tied the expected price uptrend to BNBs trend like an outweighed index of Bitcoin and Ethereum. He identified that the asset has been closely mirroring the returns and volatility of the two largest cryptocurrencies in the space since May 2021 and predicted the indexing to continue pushing BNB price to new highs.This suggests that as long as BTC and Ether continue to appreciate, BNB will follow suit. Notably, Standard Chartered had earlier predicted that Bitcoin and Ethereum would surge to new price discovery in the coming years, specifically forecasting the former would hit $500,000 and the latter $7,500 by 2028. BNBs Binance Tie Sustaining RelevanceRemarkably, Kendrick highlighted several downsides contributing to the lack of buzz around BNB in comparison to other caliber assets like Ether and Solana. He called the BNB Chain ecosystems native token an outdated token stuck in the 2021 DeFi boom and a centralized Ethereum backed by Binance.The analyst further described BNB Chain as a largely centralized blockchain. It uses the proof of staked authority (PoSA), a consensus that changes its set of 45 validators every 24 hours. Furthermore, Binance's central control and a lack of developer traction further add to the networks ordeal.Nonetheless, its ties with the largest crypto exchange by trading volume and token deflationary model have kept it afloat. Furthermore, its profound decentralized exchange presence, owing to PancakeSwaps sustained user influx, has ensured BNBs relevance.As a result, with Binances influence not going away and BNBs sustained correlation with BTC and Ether, Kendrick noted that BNB could be a proper benchmark asset for gaining exposure to the broader cryptocurrency market. Meanwhile, CryptoQuant recently called BNB the most resilient asset in the current market, counteracting assertions that the token closely mirrors the markets tune.
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