Standard Chartered Forecasts Arbitrum to Gain 6,150% By 2030 - Here’s How

Standard Chartered has revealed bold predictions for Arbitrum’s ARB token, tipping the asset to clinch a $10 price target by the end of 2030. Since Standard Chartered’s forecast, ARB has surged by over 16%, significantly outperforming the broader cryptocurrency market on the day.

Standard Chartered makes bullish predictions for Arbitrum

The forecast, published by Standard Chartered’s Global Head of Digital Assets Research, Geoff Kendrick, sets a gradual price path for ARB. The bank expects the token to reach $0.50 by the end of 2026, rising to $1.50 in 2027 and $3.50 in 2028.

According to Standard Chartered’s model, ARB will top $6.50 in 2029 before recording a meteoric leap to reach $10 before the end of the decade. In a note to clients, the bank disclosed that its Arbitrum prediction is more bullish than its Ethereum and Bitcoin outlook over four years.

"This would far outperform our projected price growth for ETH and BTC over our forecast horizon."

A major part of Standard Chartered’s projection is Arbitrum’s Expansion Program, which allows external chains built using Arbitrum technology to contribute a portion of their revenue to the ecosystem.

Robinhood Chain has emerged as an early example of the model. Robinhood Chain launched in July using Arbitrum technology, with Standard Chartered estimating that Arbitrum ‘s monthly revenue run rate had climbed to about $5 million by September.

Under the program, Arbitrum receives a fee equivalent to 10% of net protocol revenue generated by participating external chains. Kendrick argues that this model will give Arbitrum a recurring revenue stream as more financial companies launch their own blockchain infrastructure using its technology.

Furthermore, Standard Chartered sees the growth of tokenized assets as a major driver for Arbitrum in the coming years. The bank projects the value of tokenized assets to rise to $4 trillion by the end of 2028, tipping Arbitrum to capture a growing share of the activity.

ARB surges despite CLARITY Act rejection

ARB price is braving the dour sentiment in the crypto markets to post impressive returns over the last day. According to CoinCodex data, ARB is up by 22.25% on the 24-hour chart, climbing from lows of $0.1365 to reach an intra-day peak of $0.1646.

Daily transaction volumes since Standard Chartered’s prediction have surged by nearly 300% to settle at $649.6 million. Zooming out, Arbitrum is up 121% over the last 30 days, but the asset is down 66.43% year-to-date.

ARB’s strong performance over the last day comes on the heels of US senators rejecting the CLARITY Act in a cloture vote. As the results filtered through, cryptocurrency prices took a major hit on Tuesday, with Bitcoin (BTC) and Ethereum (ETH) setting the tone for the rest of the markets.

Altcoins were the hardest hit, with XRP shedding 6% of its market value while Solana (SOL) and DOGE both lost nearly 4% over the last day. A bird’s-eye view indicates that Bitcoin short-term holders are capitulating, as shown by the cohort moving their holdings to centralized exchanges in droves.