Chainlink Price Target Hits $200 as Standard Chartered Sees 24X Rally Ahead

Standard Chartered has initiated coverage of Chainlink (LINK) and predicts its price will reach $200 by the end of 2030, implying a 24x rally from its current trading price of $8.22.

The bank's digital assets research head, Geoff Kendrick, believes that tokenized assets on-chain will grow to $4 trillion by end-2028 and $2.7 trillion in decentralized finance (DeFi) by end-2030.

Kendrick argues that Chainlink is well-positioned to benefit from this growth due to its market-leading position in bringing data on-chain through decentralized oracles, securing around 70% of DeFi markets globally and more than 80% on Ethereum.