Standard Chartered Bank forecasted that Chainlink could reach $200 in 2030 at a time when LINK struggles to clear $9. The bank’s forecast is based on the growth of the on-chain tokenization market, which is predicted to hit $4 trillion by 2028. This prediction comes at a time when the $7 billion in token value has moved from legacy bridges to Chainlink’s CCIP since a $292 million exploit in April.
Chainlink could rise by 25 times by 2030
Standard Chartered Bank’s global head of digital assets research, Geoff Kendrick, mentioned that Chainlink (LINK) could hit $200 by 2030. The head based his prediction on the potential of the real-world asset tokenization market, which could grow to $4 trillion by 2028 from $340 million—a 12-fold rise.
Laying out clear targets in a note published Monday, Kedrick expects LINK to hit $13 by the end of this year, then $41, $82, and $133 before reaching $200. The bank thinks that LINK should rise by 25 times as it charges for delivering and moving assets between chains.
In addition to this, Chainlink has also been upgrading its existing infrastructure, CRE (Chainlink Runtime Environment), and the CCIP (Cross-Chain Interoperability Protocol).
Chainlink CRE and CCIP technologies could be a catalyst for growth
The CRE is a framework that allows developers and institutions to build and run complex, verifiable workflows across different blockchains and external systems. It can coordinate data, smart contracts, APIs, and other services while maintaining Chainlink’s security and verification standards. In simple terms, CRE helps institutions connect and automate blockchain-based processes.
CCIP is Chainlink’s infrastructure for securely transferring data and tokens between different blockchains. It allows applications and institutions to communicate across multiple blockchain networks without needing to build separate connections for each chain. With upgrades coming for these two technologies, Chainlink is set for a good future.
Chainlink’ chart is deceptively bearish
Although the future might look good for Chainlink, the present looks quite dim until the details are observed. The chart below shows LINK breaking below the rising wedge, which is a bearish pattern. Usually when a token breaks below the wedge, it usually crashes until it reaches the height of the wedge in the early days of formation.
However, thanks to the 50-day MA, LINK has been able to rebound on this level for quite some time. The bulls have been very defensive at this level and not let the prices crash below it. Although the pattern and the breakout look bearish, the RSI indicator shows that the price is recovering. How? The RSI has crossed above the SMA, which is a good sign that shows LINK is performing above par level.
