Standard Chartered Sees Arbitrum Surge 70X by 2030

Arbitrum (ARB) continues to trade at $0.135 on Tuesday as investors await the US Senate vote on the CLARITY Act. The Ethereum Layer-2 token has been consolidating after a rally to $0.207 on September 6, its highest level since January.

Kendrick Geoffrey, global head of digital assets research at Standard Chartered, predicts that ARB could surge by 70 times by 2030, reaching $10 in value. This would mark an approximately sevenfold increase from the current market price.

Geoffrey cites Arbitrum's recent launch on Robinhood Chain as a key factor, stating that it 'demonstrates the potential for Arbitrum to become the number 1 choice for TradFi when bringing assets on-chain.'