Standard Chartered Sees Arbitrum ARB Price Soaring to $10 by 2030
Standard Chartered's research team has set an ambitious price target of $10 for Arbitrum's ARB token by the end of 2030, which would represent a staggering 70 times upside from its current price of around $0.13.
The bank cited the recent launch of Robinhood Chain as a key factor in its prediction, saying it has shown that Arbitrum can become the top choice for traditional financial firms looking to move assets on-chain.
Standard Chartered estimates that Arbitrum's monthly revenue could reach about $5 million in September, more than five times the level seen before the Robinhood Chain launch. This growth is attributed to Arbitrum's role as a provider of blockchain infrastructure and technology for other companies to build separate Layer 2 chains.
However, Standard Chartered also highlighted risks associated with slower growth in the asset tokenization market and competition from other blockchains.