Arbitrum Price Jumps as Standard Chartered Sees $10 Target by 2030
The price of Arbitrum's native token $ARB has jumped nearly 9% after Standard Chartered initiated coverage and set a year-end target of $10 for 2030.
According to a report, Digital Assets Research Head Geoff Kendrick described Arbitrum as a potential blockchain for traditional financial institutions moving assets on-chain. The bank expects the tokenized-assets market to expand from about $340 billion to $4 trillion by the end of 2028.
The price movement comes after a volatile start to September, where $ARB climbed from below $0.09 to approximately $0.20 before sellers pushed it back toward $0.13. The daily chart still shows the token well below that monthly peak despite its latest gain.
Analysts are targeting $0.185 if support holds, and a move above the liquidation clusters near $0.155 would strengthen the case for an advance toward that target.