Asset manager Standard Chartered has projected that Binance’s ecosystem token, BNB, could more than double in price this year. According to the analyst report reviewed by Cointelegraph, the asset manager anticipates BNB’s price to reach around $1,275 per token by the end of 2025 and potentially surge to $2,775 by the end of 2028. As of May 6, BNB is trading at nearly $600 per coin, with a fully diluted value (FDV) of approximately $84 billion. Geoff Kendrick, an analyst at Standard Chartered, mentioned in the research note that BNB has been trading closely with an unweighted basket of Bitcoin and Ethereum since May 2021 in terms of returns and volatility. The relationship is expected to continue, propelling BNB’s price from its current $600 to $2,775 by the end of 2028. The BNB token serves as the native cryptocurrency of Binance BNB Chain, a layer-1 (L1) blockchain network associated with the world’s largest centralized exchange (CEX). Despite having less developer activity compared to L1s like Ethereum or Avalanche, BNB Chain’s ecosystem is described as “old-fashioned” by Standard Charter. The network sees over 60% of its on-chain economic activity linked to decentralized exchanges (DEXs), providing a source of stability. The asset manager believes that as long as Binance remains one of the leading CEXs, BNB’s value drivers are unlikely to change, potentially making BNB a benchmark for digital asset prices. BNB Chain is currently the fourth largest L1, with almost $6 million in total value locked (TVL) as per data from DeFiLlama. Additionally, on May 5, VanEck, an asset manager, filed to list the first BNB exchange-traded fund (ETF) in the United States.