Standard Chartered Bank recently reported that due to the Ethereum ecosystem becoming a popular infrastructure for blockchain games and traditional asset tokenization, the price of native token Ethereum (ETH) is expected to increase fivefold in the next three years due to rising demand.Geoff Kendrick, head of digital asset research, predicts that the price of Ethereum has the potential to reach $8000 by the end of 2026
Standard Chartered Bank recently reported that due to the Ethereum ecosystem becoming a popular infrastructure for blockchain games and traditional asset tokenization, the price of native token Ethereum (ETH) is expected to increase fivefold in the next three years due to rising demand.
Geoff Kendrick, head of digital asset research, predicts that the price of Ethereum has the potential to reach $8000 by the end of 2026.
Kendrick stated that although Ethereum is currently mainly used in NFT and decentralized financial DeFi, its further development in blockchain gaming and asset tokenization (RWA) should bring significant user demand growth.
In the short term, due to the mainstream narrative of Bitcoin halving in April next year, it is expected that the price of all cryptocurrencies will rise. Therefore, it is expected that Ethereum will reach $4000 by the end of next year, and in the long term, its valuation can reach $26000 to $35000.
In terms of cycles, now is a good time to buy slowly
Researcher ZEROIKA by Web3
ZEROIKA stated that the current market cycle has entered the early stages of a bull market, which includes the following phenomena:
- The proportion of Bitcoin's market value (Dominance) has increased
- Most counterfeit currencies have shown weak performance
- Most projects have not released significant news or marketing promotions
- Liquidity, such as water being drained and dried up in the Sahara Desert
- Basically, there is no impact on the price
He believes that looking at the cyclical phenomena in history, now is the best time to "slowly" accumulate assets. Investment can start from Bitcoin, and it is expected to slowly rise next year. Therefore, a certain proportion of cash needs to be maintained.
The real estate stable currency USDR plummeted after it was exposed that reserves had disappeared
The stable currency Real USD (USDR) issued in the Ethereum expansion plan Polygon claims to be backed by real estate related assets. However, according to blockchain data released by TangibleDAO, some of the reserve assets in the USDR vault, DAI stable currency, have been reset to zero due to unknown reasons, leaving only about $6.2 million in insurance funds, far from the current outstanding USDR of 45 million.
USDR plummeted 48% at one point to $0.52, with current 24-hour trading volume of less than $300000.
Coinbase launched BigTime native tokens, and BIGTIME coins surged 88%
Coinbase, the largest cryptocurrency exchange in the United States, recently announced the launch of the experimental blockchain game BigTime's native token BIGTIME.
The current price of BIGTIME currency is at $0.11, which has increased by 88% in the past 24 hours. BigTime is a PC based multiplayer action role-playing game (MMORPG) that combines real-time combat systems with an open gaming economy, allowing players to earn potential profits during gaming and trading.
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