Standard Chartered Boosts Arbitrum Price to $10 by 2030

Arbitrum's ARB price has seen significant gains over the past day, rising 17.2% and exceeding $0.20 for the first time since September.

This increase in value was accompanied by a 220% surge in daily trading volume and a 32.5% rise in Open Interest, according to Coinalyze data.

Standard Chartered's recent report on Arbitrum has been credited with driving the demand for ARB, with the global banking giant forecasting that the altcoin will reach $10 by 2030, nearly 70 times its current market value.

The report also highlighted the success of Arbitrum's Expansion Program (AEP), which collects a 10% fee on transactions settled using the Arbitrum stack.