Annuncio pubblicitario
Italia markets open in 4 hours 31 minutes

  • Dow Jones

    37.903,29
    +87,37 (+0,23%)
     

  • Nasdaq

    15.605,48
    -52,34 (-0,33%)
     

  • Nikkei 225

    38.279,38
    +5,33 (+0,01%)
     

  • EUR/USD

    1,0722
    +0,0003 (+0,03%)
     

  • Bitcoin EUR

    53.368,76
    -2.368,83 (-4,25%)
     

  • CMC Crypto 200

    1.258,13
    -80,93 (-6,04%)
     

  • HANG SENG

    17.981,51
    +218,48 (+1,23%)
     

  • S&P 500

    5.018,39
    -17,30 (-0,34%)
     

Ether Could Hit $8K by End of 2026: Standard Chartered

Stephen Alpher
·1 minuto per la lettura

The price of ether [ETH] has the potential to reach $8,000 by the end of 2026 versus its current level just below $1,,600, writes Geoff Kendrick, Head of FX Research, West, and Digital Assets Research at Standard Chartered Bank.

While Ethereum's dominant uses currently are non-fungible tokens (NFTs) and decentralized finance (DeFi), said Kendrick, an evolution towards gaming and tokenization should add "significant demand."

"Importantly, this should provide ‘proof of concept’ examples in which real-world industries come on-chain to exploit the benefits of Ethereum over their existing setups," he added. "We expect significant developments on these fronts by 2025-26."

In the shorter term, said Kendrick, the bitcoin [BTC] halving in April 2024 "should help lift all boats," and he sees ether hitting $4,000 by the end of next year.

ANNUNCIO PUBBLICITARIO

Looking even longer into the future, Kendrick sees the $8,000 level as "a stepping stone" to the bank's "structural" valuation estimate of $26,000-$35,000.

Read more: Bitcoin Could Rise to $120K by End-2024: Standard Chartered