Standard Chartered Sees Chainlink Token Skyrocket to $200 by 2030

Standard Chartered, a bank with $900 billion in assets, has released a forecast that Chainlink's LINK token will reach $200 by 2030. This prediction is based on an estimate of $4 trillion in tokenized assets on the blockchain by 2028.

The bank believes this will happen because Chainlink already secures more than $110 billion, representing about 70% of the value reliant on oracles in global DeFi. Institutions like Swift, JP Morgan, and UBS are already using Chainlink for their financial tokenization operations.

According to Standard Chartered's note, the LINK price will reach $13 by the end of this year, then climb to $41, then $82, before peaking at $200 by 2030. The bank also forecasts a Bitcoin price of $500,000 and an Ether price of $40,000.

However, there are three major obstacles on this path: a slowdown in institutional tokenization, increased competition from specialized providers, and technical failures that could undermine confidence in Chainlink.