BNB the native token of Binance’s smart contract platform is poised for major gains according to a new report from Standard Chartered. The bank projects that BNB could climb to $2775 by the end of 2028 offering steady long-term returns for investors.

Geoff Kendrick head of digital assets research at Standard Chartered noted that BNB has closely mirrored the performance of both bitcoin and ether since mid 2021. He expects this trend to continue supporting the token’s rise from its current price near $600 over the next few years.

As long as Binance remains a dominant centralized exchange Kendrick believes BNB will remain a strong performer in the crypto space. The BNB Chain is heavily used for decentralized exchanges lending platforms and liquid staking making it a focused and reliable smart contract ecosystem compared to competitors like Ethereum and Avalanche. This positions BNB as a potential benchmark for digital assets in the evolving crypto market.