Standard Chartered sees Chainlink price rising 25x by 2030

Standard Chartered has initiated coverage of Chainlink with a $200 LINK price target for the end of 2030, a roughly 25-fold increase from its current price near $8, as the bank expects tokenization and decentralized finance activity to drive higher demand for Chainlink’s services. Summary Standard Chartered has set a $200 LINK price target for the end of 2030. The bank expects Chainlink fees to increase about 25 times as tokenization and DeFi expand. Chainlink secures more than $110 billion in value and about 70% of oracle dependent DeFi value globally. CCIP volume reached $4.9 billion in Q2, up 353% from a year earlier. Standard Chartered expects LINK to reach $13 by the end of 2026. According to Standard Chartered Global Head of Digital Assets Research Geoff Kendrick, LINK could rise to $13 by the end of 2026 before reaching $41, $82 and $133 in the following years and eventually hitting $200 by the end of 2030. The forecast would put LINK ahead of the bank’s expected returns for Bitcoin and Ethereum over the same period. Standard Chartered has projected Bitcoin at $500,000 and Ethereum at $40,000 by the end of the decade. LINK was trading around $8.25 at the time of the report, ...