$AAVE Soars on Bullish Predictions from Standard Chartered and Grayscale

Standard Chartered, a British banking giant, has made a bullish forecast for Aave ($AAVE), stating that its price could reach $3,500 by 2030.

This prediction comes on the heels of Grayscale's own bullish forecast for $AAVE, which estimated it could rise to $175 within a year.

The bank attributes Aave's recent performance issues to the general decline in cryptocurrency prices and the April hack targeting KelpDAO.

However, Standard Chartered remains optimistic about Aave's future growth, citing its potential as a significant gainer in the decentralized finance (DeFi) market, which is expected to grow 37-fold by 2030.