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A recent study released by Standard Chartered Bank suggests that the price of Ethereum (ETH), the native cryptocurrency of the Ethereum blockchain, could reach $8,000 by the end of 2026, compared to the current price of around $1,600.
According to Jeffrey Kendrick, Head of Forex and Cryptocurrency Research at Standard Chartered Bank, Ethereum is believed to have the potential to grow due to its dominance in the smart contracts space and its growing uses in gaming and finance. Accordingly, the bank expects the price of Ethereum to reach $8,000 by the end of 2026, equivalent to a five-fold increase from the current price.
It is important to note that this forecast is an initial step towards achieving the range set by the bank as the “long-term structural assessment”, which is between $26,000 and $35,000. It should be noted that these forecasts depend on current conditions and may change over time. #ETH #BTC #bnb
A recent study released by Standard Chartered Bank suggests that the price of Ethereum (ETH), the native cryptocurrency of the Ethereum blockchain, could reach $8,000 by the end of 2026, compared to the current price of around $1,600.
According to Jeffrey Kendrick, Head of Forex and Cryptocurrency Research at Standard Chartered Bank, Ethereum is believed to have the potential to grow due to its dominance in the smart contracts space and its growing uses in gaming and finance. Accordingly, the bank expects the price of Ethereum to reach $8,000 by the end of 2026, equivalent to a five-fold increase from the current price.
It is important to note that this forecast is an initial step towards achieving the range set by the bank as the “long-term structural assessment”, which is between $26,000 and $35,000. It should be noted that these forecasts depend on current conditions and may change over time. #ETH #BTC #bnb