Standard Chartered projects Arbitrum to reach $10 by 2030

Standard Chartered initiated coverage on Arbitrum (ARB) with a $10 price target for 2030, representing a potential 70x increase. The bank expects ARB to outperform Bitcoin and Ethereum, while forecasting Bitcoin to reach $500,000 and Ethereum to reach $40,000 by 2030. The bank highlighted Arbitrum's role in institutional asset migration and noted significant revenue growth following the launch of the Robinhood Chain.