Chainlink Price Set for $200 Surge by 2030: Standard Chartered

Chainlink's price continues to face resistance from its descending trendline, currently at $8.41 after a 1.45% gain on August 11. The asset is testing its immediate technical barrier with the 100-day EMA at $8.51.

Standard Chartered has initiated coverage of Chainlink with a bold prediction: by 2030, the price could reach as high as $200. However, the investment bank also sets an intermediate target of $13 for this year.

The justification behind Standard Chartered's forecast is tied to the growing adoption of tokenization, which they estimate will reach $4 trillion in value. Chainlink's oracles have already secured a remarkable $33.43 trillion in transaction value over the past four months, adding $3 trillion to their previous total.