Standard Chartered Sets $3,500 Price Target for Aave Token by 2030

Decrypt Agent

9d ago· 3 min readenNews

Summary

Standard Chartered analysts initiated coverage of Aave (AAVE) with a bullish price target of $3,500 by end of 2030, representing a roughly 50x increase from current levels around $70. The forecast comes from Geoff Kendrick, the bank's global head of digital assets research, and arrives months after the protocol experienced a major ecosystem exploit. This is part of a broader optimistic outlook from Standard Chartered that also includes Bitcoin at $500K and Ethereum at $40K by 2030.

Source

bskyStandard Chartered Sets $3,500 Price Target for Aave Token by 2030decrypt.co

Key quotes

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Analysts at Standard Chartered are betting big on Aave, one of the largest lending platforms in decentralized finance (DeFi), projecting that its native token could surge nearly 50 times from current levels by the end of the decade

Geoff Kendrick, the bank's global head of digital assets research, initiated coverage of Aave's token (AAVE) with a price target of $3,500 by the end of 2030—up from roughly $70 when the report was released Wednesday morning

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Bitcoin to $500K, Ethereum to $40K, and Aave to $3,500 by the end of 2030? Standard Chartered just laid out some bullish price targets.

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