The British banking giant Standard Chartered has added another promising altcoin to its list of those with growth potential, besides Bitcoin and Ethereum.
One of them is Chainlink, and the bank has set a target price for $LINK shares at $200 by the end of 2030.
According to this estimate, the profit would be approximately 25 times the current price of $LINK, which is around $8.
The bank argues that the tokenization boom will require reliable data on the blockchain, positioning Chainlink as critical infrastructure for both traditional finance (TradFi) and decentralized finance (DeFi).
At this stage, Standard Chartered notes that the growth of the asset tokenization market could become a significant catalyst for Chainlink.
Chainlink Share Price Target for 2030 Set at $200!
In a new research note titled 'Chainlink – On the Rails,' Standard Chartered forecasts that the asset tokenization market could reach approximately $4 trillion by 2030.
The bank states that Chainlink provides the infrastructure connecting various blockchains with external data and financial systems, and that demand for Chainlink's infrastructure will grow as tokenization spreads to traditional financial assets like stocks and bonds.
Currently, Standard Chartered notes that Chainlink has expanded its operations beyond oracles to include interoperability, regulatory compliance, and privacy, making it the only comprehensive platform capable of supporting tokenized assets in both DeFi and TradFi.
All these advantages could push the price of $LINK to $200 by the end of 2030.
In conclusion, the bank said the use of Chainlink's services is growing daily, adding that among the companies and institutions using these services are Swift, DTCC, Euroclear, JPMorgan, Mastercard, UBS, Fidelity, and WisdomTree.
*This is not investment advice.
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