Arbitrum's connection to Robinhood Chain intensifies the current rally.
This week, crypto markets saw a quick bullish rally. Here's a quick look at how some of your favorite coins performed.
Standard Chartered expects ARB to reach $10 by the end of 2030 as Arbitrum earns more from helping financial firms launch blockchains. ARB has since risen above the bank's reference price, reducing the implied gain. Standard Chartered Maps ARB's Path to $10 ARB could reach $10 by the end of 2030, according to a Sept.
Arbitrum accumulates over $800M in tokenized real-world assets and consolidates as one of the leading RWA hubs on the blockchain. ARB trades at $0.2155 after rising 24% in the last session, 50% weekly, and 168% over the past month from the $0.075 low in August.
Arbitrum regains activity after several turbulent weeks. The ARB crypto gained 12.18% in 24 hours, with $561.52 million traded.
Arbitrum shows increased activity as it became a hub for real-world asset tokenization, with adoption driven by its usage on Robinhood.
ARB's 12% rally gained fundamental support as rising revenues and institutional interest strengthened its recovery.
Arbitrum's projected growth could significantly impact blockchain adoption and competition, challenging major cryptocurrencies by 2030. Arbitrum's ARB drops 29% from September peak, Standard Chartered sets $10 target.
In a notable development for the layer-2 ecosystem, Standard Chartered has published its inaugural research coverage on Arbitrum's native token ARB, setting a price objective of $10 for year-end 2030. Given the token's present valuation between $0.13–$0.14, achieving this target would deliver approximately 7,000% returns.
Standard Chartered gave a $10 target for ARB by 2030, a 66x increase from current market prices.
Arbitrum (ARB) climbed 12.39% to $0.1513 as the rest of the crypto market fell, after Standard Chartered initiated coverage of the token with a $10 price target for the end of 2030.
Standard Chartered initiated coverage of ARB with a $10 end-2030 target, implying roughly 66 times upside from the current $0.1510 price. The bank sees Arbitrum benefiting from institutional blockchain adoption, with Robinhood Chain providing early evidence of demand for its technology stack.