Standard Chartered Thinks This Under-the-Radar Crypto Is Going to Skyrocket 30x in Price. Is It Worth a Closer Look?
Yahoo Finance ·
Standard Chartered ( STAN 1.31% ) recently identified a cryptocurrency it expects to soar over the rest of the decade, and it's not one of the big names. It's Uniswap ( UNI +5.22% ) , the native token of the Uniswap decentralized exchange. Uniswap trades at nearly $3 at the time of this writing (June 25), but Standard Chartered sees it as a cryptocurrency that could explode , setting a price target of $100 by the end of 2030. While a rise like that is certainly possible for a cryptocurrency, it's worth analyzing how realistic this forecast is if you're considering an investment. Standard Chartered's price target for Uniswap is based on one potential growth catalyst tied to the future of crypto : the migration of tokenized real-world assets (RWAs) to decentralized finance (DeFi) platforms. RWAs are a fairly new on-chain asset class that use crypto tokens to represent traditional financial instruments, such as stocks, bonds, and real estate. The tokenized RWA market surpassed $51 billion earlier this month, up 40% year over year. Standard Chartered expects growth to accelerate and for tokenized assets to reach $4 trillion by the end of 2028, including $2 trillion in RWAs and $2 trillion in stablecoins.
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