Ethereum (ETH): Standard Chartered Bank predicts that ETH prices may reach $35000 in the past few weeks, and ETH has been experiencing a downward trend. The second largest cryptocurrency by market value fell by 5% last week and 2
Ethereum (ETH): Standard Chartered Bank predicts that ETH prices may reach $35000 in the past few weeks, and ETH has been experiencing a downward trend. The second largest cryptocurrency by market value fell by 5% last week and 2.8% last month. However, the banking giant Standard Chartered Bank believes that ETH's future is bright.
According to the latest Standard Chartered Bank report, it is expected that the price of Ethereum (ETH) will reach $8000 by 2026, which means an increase of approximately 419% compared to the current level. This optimistic prediction is based on the development prospects of Ethereum's smart contracts, gaming, and asset tokenization fields.
However, Standard Chartered Bank predicts that the price of Ethereum (ETH) will not remain at $8000 and may eventually reach $35000. According to Geoff Kendrick, the head of foreign exchange research at the bank, they view the level of $8000 as a long-term 'structural'Estimated valuation of $26000 to $35000 as a stepping stone
Achieving the target of $35000 implies an increase of approximately 2172%, but it should be noted that this forecast is based on considerations of the project's future performance and revenue sources. Kendrick said, "This estimate assumes that new examples and revenue streams may emerge in the future, although the reality of gaming and tokenization should support their development
He further added that this prediction is "very long-term" and is not expected to occur until 2040.
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