Chainlink Price Rises as Standard Chartered Sets $200 Target

Chainlink's price has surged by nearly 5% after Standard Chartered initiated coverage of the asset, setting a $200 target for the end of 2030.

The bank values Chainlink based on its role in tokenized financial markets rather than treating it as a speculative crypto asset.

Chainlink's expanding transaction footprint, which has now facilitated over $33 trillion in cumulative transaction value, also supports the stronger institutional case for LINK.

To confirm that buyers have absorbed the overhead supply and turned the trend around, Chainlink needs to hold the breakout and clear the $9-$9.20 region.