Binance Smart Chain is a top dog in cryptocurrency. The digital currency was initially launched in 2017 on the Ethereum blockchain as an ERC-20 token, but soon moved to its blockchain as a fork of Ethereum.
Under Binance’s CEO Changpeng Zhao, the token had a successful ICO of 100 million BNB. Today BNB sits firmly in the top five tokens by market cap due to low network fees and many benefits.
Standard Chartered is betting big on Binance’s native token. In a recent report reviewed by 99Bitcoins, the firm projected BNB could hit $1,275 by the end of next year, and more than quadruple to $2,775 by 2028.
With that said, BNB is one of the most controversial cryptos in the entire market. Let’s find out why:
Binance Smart Chain is Mooning, Why?
The BNB token has a few use cases:
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- Binance Credit Card Benefits: Pay for goods and services all around the world with BNB via the Binance card and get cashback in BNB
- Staking: Binance offers BNB staking, flexible or locked, at about 7-20% APY.
- Lower Trading Fees: Binance Coin grants fee reductions on the Binance exchange and is commonly called a ‘discount coupon.’
Binance employs a unique consensus mechanism, called the Tendermint Byzantine-Fault-Tolerant (BFT), which involves different types of nodes (validator, witness, and accelerator nodes).
We’d be remiss not to mention Binance’s absurd popularity as an exchange and the fact that some fear it is too centralized.
At just under $700 today, that would mark a seismic shift in valuation.
Standard Chartered analyst Geoff Kendrick compared BNB’s trajectory to a hybrid of Bitcoin and Ethereum, suggesting its path will closely follow the two giants in terms of returns and volatility.
The Bull and Bear Case for BNB Price
Binance has turned BNB into more than just a token—a proxy for the exchange’s global dominance. With each quarter, Binance buys and burns a chunk of BNB—20% of profits, no less—removing it from circulation and boosting scarcity.
Users also benefit from the lowest fees in the business and a clean, efficient interface. On the security side, the SAFU fund protects against breaches, giving Binance a resilient reputation.
But the cracks show in regulatory reach. Despite its scale, due to compliance shortfalls, Binance is still absent from key U.S. markets like New York and Alaska.
Secondly, strong competitors are on the rise, such as Coinbase, which is on the US stock market, and Kraken, which is soon to go IPO.
Bottom Line For Binance Smart Chain
Asking whether BNB has a future is the same as asking whether Binance stays relevant—and so far, the answer leans heavily toward yes.
While critics continue to point out its centralized structure, BNB remains one of the most practical and widely used utility tokens in the space.
The question now is whether that dominance holds as Coinbase, Kraken, and others move to chip away at Binance’s lead.
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Key Takeaways
- Binance Smart Chain is a top dog in cryptocurrency but how long will that remain?
- In a recent report reviewed by 99Bitcoins, the firm projected BNB could hit $1,275 by the end of next year.
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