Standard Chartered
Standard Chartered Sets Aave Price Target at $3,500 by 2030
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Standard Chartered analyst Geoff Kendrick has initiated coverage of the Aave token with a forecast of $3,500 by the end of 2030. The target implies a roughly 50-fold increase from current levels near $70.
Standard Chartered analyst Geoff Kendrick believes crypto asset prices have reached their low point in the current cycle. He shared the view with clients on Friday and is awaiting confirmation from three indicators.
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Hong Kong has awarded its first stablecoin issuer licences to HSBC and a joint venture led by Standard Chartered, marking the city's latest step towards becoming a global digital asset hub. HSBC plans to launch its Hong Kong dollar stablecoin in the second half of this year, integrating it into its PayMe and mobile banking platforms.