๐ฅ๐ฅ๐ฅEthereum pum 35.000 usd
Ethereum (ETH) has been trending down over the past few weeks. The second-largest cryptocurrency by market capitalization is down 5% over the past week and 2.8% over the previous month. However, banking giant Standard Chartered believes that the future of ETH is bright.
According to a recent report by Standard Chartered, ETH could reach a price of $8,000 by 2026. This represents a growth of about 419% from current levels. The bank's optimism stems from Ethereum's developments in smart contracts, gaming, and asset tokenization.
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However, Standard Chartered does not expect ETH to stop at $8,000. The bank expects the cryptocurrency to eventually reach $35,000. According to the bank's Director of FX Research, Geoff Kendrick, โWe see $8,000 as a stepping stone to our long-term 'structural' valuation estimate of $26,000-35,000.โ
Reaching $35,000 would mean a growth of about 2172%. However, it should be noted that this prediction is considering the project's future performance and revenue streams. โThat valuation assumes future use cases and revenue streams that may not yet exist, although real-world gaming and token use cases will support it,โ Kendrick stated. their developmentโ.
He added that this prediction is โvery long-termโ and is estimated to take place by 2040.
$ETH
Ethereum (ETH) has been trending down over the past few weeks. The second-largest cryptocurrency by market capitalization is down 5% over the past week and 2.8% over the previous month. However, banking giant Standard Chartered believes that the future of ETH is bright.
According to a recent report by Standard Chartered, ETH could reach a price of $8,000 by 2026. This represents a growth of about 419% from current levels. The bank's optimism stems from Ethereum's developments in smart contracts, gaming, and asset tokenization.
- Advertisement -
However, Standard Chartered does not expect ETH to stop at $8,000. The bank expects the cryptocurrency to eventually reach $35,000. According to the bank's Director of FX Research, Geoff Kendrick, โWe see $8,000 as a stepping stone to our long-term 'structural' valuation estimate of $26,000-35,000.โ
Reaching $35,000 would mean a growth of about 2172%. However, it should be noted that this prediction is considering the project's future performance and revenue streams. โThat valuation assumes future use cases and revenue streams that may not yet exist, although real-world gaming and token use cases will support it,โ Kendrick stated. their developmentโ.
He added that this prediction is โvery long-termโ and is estimated to take place by 2040.
$ETH
