Arbitrum Price Forecast: 70X Surge Predicted as Token Stabilizes Above $0.130
Arbitrum's price has stabilized above $0.130 after experiencing a sharp sell-off, and Standard Chartered's Kendrick Geoffrey is forecasting a significant surge in the token's value by 2030.
In an email to Stocktwits on Monday, Geoffrey predicted that Arbitrum could rise to $10 by the end of 2030, marking an approximately 70X increase from its current market level.
This forecast comes after Arbitrum's recent launch on Robinhood Chain, which Kendrick believes demonstrates the protocol's potential as a leading platform for bringing traditional finance assets on-chain.
Geoffrey cited the tokenization sector's growth, expecting it to reach $4 trillion by 2028, and noted that this expansion could drive revenue for Arbitrum and other blockchain infrastructure providers.