Finst

Will Ethereum soon break the $8,000 mark?

Standard Chartered Bank is optimistic about the future of Ethereum.

By Mike Hesp
• 1 min read
Will Ethereum soon break the $8,000 mark?

Standard Chartered Bank is optimistic about the future of Ethereum. In the long run, the price is even expected to rise to $30,000.

Two years, an ambitious goal: according to Standard Chartered Bank, Ethereum is on its way to breaking the $8,000 dollar barrier. And it will do so by 2026, the bank predicts in a new report.

"We believe Ethereum's established dominance in smart contract platforms, along with emerging applications in gaming and tokenization, has the potential to propel ETH to the $8,000 mark (a multiple of its current price of $1,600) by the end of 2026," Geoffrey Kendrick, head of foreign exchange and crypto research at Standard Chartered Bank, said in a report on Wednesday.

In the long run, the bank sees Ethereum becoming worth between $25,000-$30,000.

The forecast for Bitcoin: $120,000 in 2024.

The company launched its own strike service this year - but only for institutional investors.

Standard Chartered Bank is a global banking group with a focus on Asia. It employs more than 75,000 people worldwide.

Disclaimer: This content is for informational purposes only and does not constitute financial, investment, legal, or tax advice. The information provided may be incomplete, inaccurate, or outdated and should not be relied upon as such. Nothing on this website should be considered a recommendation to buy, sell, or hold any cryptocurrency. Investing in crypto-assets involves risk of loss.