Standard Chartered Sees Chainlink Reaching $200 by 2030 on Tokenized-Asset Growth
Summary
- Standard Chartered said Chainlink (LINK) could rise to $200 by 2030.
- Standard Chartered said the tokenized-asset market could expand to $4 trillion, providing a key growth driver for Chainlink.
- Standard Chartered said demand for Chainlink’s connectivity infrastructure will increase as traditional financial assets such as stocks and bonds are increasingly tokenized.
Forecast Trend Report by Period
Standard Chartered said Chainlink’s LINK token could rise to $200 by 2030.
Cointelegraph reported on Aug. 10 in a post on X, formerly Twitter, that the global investment bank outlined the long-term price target for Chainlink.
Standard Chartered said growth in the tokenization market, which enables real-world assets to be traded on blockchain networks, will be a key driver for Chainlink. The bank projects the tokenized-asset market will expand to $4 trillion.
Chainlink provides infrastructure that connects different blockchains with external data and financial systems. As tokenization spreads across traditional financial assets such as stocks and bonds, demand for that connectivity infrastructure will also increase, the bank said.
LINK was trading at $8.22 on CoinMarketCap, down 0.98% from a day earlier.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.