Standard Chartered Sets $200 Price Target for Chainlink's LINK by End-2030
Standard Chartered has initiated research coverage on Chainlink’s LINK token, setting a price target of $200 by the end of 2030, according to The Block and Cointelegraph. Cointelegraph reports the target implies a roughly 25-fold increase from current levels, a figure CNBC also cites as “25x upside.”
The bank’s bullish case rests on growth in tokenized real-world assets (RWA), which it expects to reach $4 trillion, according to Decrypt and Cointelegraph. CNBC, however, cites the bank’s timeline for that $4 trillion figure as end-2028 rather than 2030, a discrepancy across the reporting.
The Block frames Standard Chartered’s thesis as a bet that Chainlink will “own the rails” underpinning the tokenized-asset boom, given its position as the largest oracle services provider in the industry, per Cointelegraph. Decrypt reports the LINK target is one of several 2030 price targets the bank has now issued for DeFi tokens, alongside Uniswap, Aave and Morpho, all built on a single underlying forecast of 37-fold growth for the DeFi sector.
CNBC describes LINK as a “losing crypto coin” that Standard Chartered believes could turn around as tokenization adoption accelerates.
Sources: Decrypt, Cointelegraph, The Block, CNBC
This article is for information only and is not financial advice.
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