Standard Chartered Sees 70x Upside in Arbitrum's ARB Token

Arbitrum's price surged nearly 9% on September 15 after Standard Chartered projected it could reach $10 by 2030. The bank highlighted Arbitrum's potential as a blockchain for traditional financial institutions and the growing market for tokenized assets.

The price jump brought Arbitrum to $0.145, but analysts warn that the token faces resistance near $0.155 and must hold above $0.138 to maintain its rebound.

Despite this caution, Standard Chartered's forecast remains bullish, driven by the bank's conviction in Arbitrum's growing adoption in traditional finance.