⚡ Arbitrum $ARB (ARB) just surged 12.39% to 0.1513 USD as soon as Standard Chartered released a price forecast for this token.
The bank aims for ARB to reach 0.50 USD this year and hit 10 USD by the end of 2030, which is about a 70x increase from the 0.14 USD price. From the price recorded on Wednesday, ARB would need to rise by roughly 66x to reach that level.
Why is it notable?
This is a rare long-term forecast from a major bank for a layer-2 token, amid a generally declining crypto market.
In simple terms:
The expectations are huge, but it won’t be clear whether Standard Chartered is right or wrong until 2030.
#Altcoins #CryptoNews
🔗 Source: BeInCrypto
⚠️ Information is for reference only and not investment advice. Do your own research before deciding (DYOR).
The bank aims for ARB to reach 0.50 USD this year and hit 10 USD by the end of 2030, which is about a 70x increase from the 0.14 USD price. From the price recorded on Wednesday, ARB would need to rise by roughly 66x to reach that level.
Why is it notable?
This is a rare long-term forecast from a major bank for a layer-2 token, amid a generally declining crypto market.
In simple terms:
The expectations are huge, but it won’t be clear whether Standard Chartered is right or wrong until 2030.
#Altcoins #CryptoNews
🔗 Source: BeInCrypto
⚠️ Information is for reference only and not investment advice. Do your own research before deciding (DYOR).