Standard Chartered Sees Arbitrum Price Soar to $10 by End-2030

Standard Chartered has set a price target of $10 for Arbitrum's (ARB) token by end-2030, which would represent a roughly 70-fold increase from its current price. The bank initiated coverage of ARB with this target after analyzing the network's growth and its potential to benefit from the increasing use of blockchain infrastructure in traditional finance.

In a note to clients, Geoff Kendrick, Standard Chartered's Global Head of Digital Assets Research, highlighted Arbitrum's role as an enterprise infrastructure provider for traditional financial institutions. The bank estimates that Arbitrum will receive around $5 million in fees under its Expansion Program from the launch of Robinhood Chain in September.

Kendrick believes that Arbitrum's business model, which focuses on revenue generation, will drive growth and benefit the ARB token. He also expects the network to outperform Bitcoin (BTC) and Ethereum (ETH), with targets set at $100,000 for BTC by end-2026 and $500,000 by end-2030, and $4,000 for ETH by end-2026 and $40,000 by end-2030.