Forget XRP: These 4 Altcoins Are on Standard Chartered's Radar
Standard Chartered’s Geoff Kendrick on Friday said tokenization has already won, and XRP isn’t where he’s putting the bet.The Shift From Bitcoin to AltcoinsKendrick told the Milk Road podcast that Treasury Secretary Scott Bessent’s recent announcement on long-end bond buybacks confirmed the cycle bottom, echoing the same signal that marked last October’s top.He draws a sharp comparison to Amazon’s 2001 crash from $113 to $6, when internal metrics kept improving even as the stock collapsed.Crypto just went through the same disconnect, in his view, and tokenization-linked altcoins are where that improvement should finally show up in price.Why Revenue Suddenly MattersCrypto is moving from a world where revenue didn’t matter to one where it’s the only thing that does, Kendrick argues, much like Mag 7 stocks today.Over the past six months he’s built discounted cash flow models for individual projects, a shift tied directly to stablecoins proving blockchain can replace real-world financial infrastructure.Two forecasts anchor his thesis: stablecoins reaching $2 trillion, and tokenized assets reaching that same mark, up from roughly $40 billion currently.Four Altcoins at the Center of the ThesisTokenTargetTimelineKey CatalystUniswap $1002030Fee switch burn rate stabilized at 3-4% after price tripledAave $3,5002030Recovered fast from $300M hack via $300M industry backstopArbitrum (CRYPTO: ARB)$10 (~70x)2030Robinhood Chain 5x’d monthly revenue to $4-5MChainlink $2002030Near-monopoly on bringing reliable data on-chainThe Thesis Behind Each TargetUniswap — $100 target for 2030 Fee switch activated last December kicked off buybacks and burnsBurn rate stabilized near 3% to 4% annually once price tripledAlready blew past Kendrick’s $6.50 June target Aave — $3,500 target by 2030 Survived a $300 million exploit tied to its Kelp integrationIndustry raised $300 million largely in ETH to backstop the protocolNear-term $180 target already looks conservative with price near $170 Arbitrum — $10 target, roughly 70x upside Robinhood Chain multiplied monthly revenue from $1 million to $4-5 millionToken already up more than 60% since the call was publishedMore platforms expected to replicate the Robinhood Chain setup Chainlink — $200 target by 2030 Near-impregnable moat as the only end-to-end platform for bringing data on-chainHas quietly stockpiled several hundred million dollars worth of its own token Ethereum’s Case Against BitcoinKendrick’s targets for Ethereum sit at $4,000 by year-end and $40,000 by 2030, with the ETH/BTC ratio expected to climb from roughly 3% today to 8% by 2030.For Bitcoin , he’s holding his $100,000 year-end target and flags Oct/ 6, the anniversary of last year’s all-time high, as a potential buying window for cycle-theory traders.Photo via Shutterstock