Standard Chartered, one of the world’s leading banks, has recently been making headlines for its focus on altcoins in addition to Bitcoin and Ethereum.
At this point, the bank, which has published analyses for many altcoins such as AAVE and Uniswap, has drawn attention to four more altcoins.
Remarkable Prediction for Four Altcoins!
Geoffrey Kendrick, Head of Digital Assets Research at Standard Chartered, pointed to altcoins such as Uniswap (UNI), Aave (AAVE), Morpho (MORPHO), and Arbitrum (ARB).
Speaking to Milk Road Crypto, Geoffrey Kendrick stated that he believes a new era will begin in the crypto market as traditional finance moves onto blockchain networks.
Kendrick stated that the tokenization trend is not a temporary phenomenon and has now become permanent, adding that four altcoins in particular could significantly benefit from this transformation: UNI, MORPHO, AAVE, and ARB.
According to Kendrick’s assessment, institutional investors moving their real-world assets onto the blockchain could accelerate the growth of the DeFi ecosystem.
At this point, the bank had previously predicted that the total value of tokenized assets on-chain could reach $4 trillion by the end of 2028. Of this, $2 trillion is expected to come from stablecoins and $2 trillion from real-world assets.
Uniswap Has a $100 Target!
The bank had previously stated a $100 target for UNI in its analyses. However, Kendrick believes that even the previously announced $100 target for Uniswap by 2030 may be too low. According to the analyst, the platform’s strong liquidity network and the redirection of transaction fees to the token buyback and burning mechanism could support UNI’s appreciation in value.
Aave and Morpho Take Center Stage!
Kendrick considers Aave one of the leaders in the on-chain banking system and projects a target of $3,500 for AAVE by the end of 2030. For Morpho, he set a target of $60. According to the analyst, unlike Aave, Morpho has growth potential, particularly in the on-chain asset management sector.
Arbitrum May Be the Biggest Bet!
Among the four projects, one of Kendrick’s most ambitious predictions came for Arbitrum. The analyst believes ARB could reach $10 by 2030. He bases this prediction on Robinhood Chain’s use of Arbitrum technology and the revenue it generates for Arbitrum.
*This is not investment advice.
