Standard Chartered "Arbitrum (ARB) to Soar 70x by 2030"...Target Price '10 Dollars'

▲ Standard Chartered, Arbitrum (ARB)/AI-generated image

Standard Chartered has made a bold prediction that Arbitrum (ARB) could surge to $10 by 2030, identifying the tokenized asset market as a key growth driver.

According to Coingape on September 15 (local time), Geoff Kendrick, Standard Chartered's Global Head of Digital Assets Research, described Arbitrum as “a blockchain for traditional finance.” He predicted that Arbitrum would benefit as traditional financial institutions move assets on-chain. The bank set a target price of $10 for Arbitrum by 2030, a projection that assumes an approximately 70-fold increase compared to recent levels.

Standard Chartered expects Arbitrum to reach $0.50 by the end of 2026, $1.50 in 2027, $6.50 in 2029, and $10 in 2030. During the same period, Arbitrum is anticipated to outperform the growth rates of Bitcoin (BTC) and Ethereum (ETH). Standard Chartered's 2030 target prices are $500,000 for Bitcoin and $40,000 for Ethereum.

The core rationale is the projected explosive growth of the tokenized asset market. Standard Chartered anticipates that the tokenized asset market, currently valued at approximately $340 billion, will expand to $4 trillion by the end of 2028. Robinhood Chain, which adopts Arbitrum's technology and shares protocol revenue, was also cited as a growth driver. Kendrick projected that Arbitrum's monthly revenue through Robinhood Chain could reach approximately $5 million in September.

The market reacted quickly immediately after the forecast was announced. Arbitrum rose by about 3% in one hour and about 6% over several hours. Its gain in early September was 175%. 24-hour trading volume increased by 33%, and futures open interest grew by over 8% in four hours, reaching approximately $190 million. Open interest on Binance increased by over 8%, and on OKX by 12%.

Brendan Ma, Head of Investment Strategy at the Arbitrum Foundation, described the Standard Chartered report as significant research. He highlighted Arbitrum's advantageous position, citing the prediction that the tokenized stock market could grow 250-fold by 2028. Standard Chartered's $10 forecast is based on a scenario where tokenization and the on-chain transition of traditional finance lead to actual revenue growth.

[Article Summary]

-Standard Chartered forecasts Arbitrum to rise from $0.50 by the end of 2026 to $10 by 2030.

-The bank expects the tokenized asset market to grow from its current approximate $340 billion to $4 trillion by 2028.

-Following the forecast announcement, Arbitrum rose by about 6% over several hours, and futures open interest increased by over 8%.

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