Standard Chartered Thinks This Under-the-Radar Crypto Is Going to Skyrocket 30x in Price. Is It Worth a Closer Look?
The British bank is expecting substantial growth from one of the top decentralized crypto exchanges.
Overview
Standard Chartered (LSE: STAN) 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 (CRYPTO: UNI), 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.
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Originally published at www.fool.com.
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