Standard Chartered Predicts ETH To Teach $8,000 By 2026

Key Points:

• Standard Chartered predicts ETH could reach $8,000 by 2026, with strong support from its role in DeFi, smart contracts, and tokenization.
• The bank’s outlook also includes a long-term projection of Ethereum trading between $26,000 and $35,000 by 2040.
• Standard Chartered’s insights highlight the diminishing gap between traditional finance and the digital world, driven by the growth of crypto and blockchain technologies.

Standard Chartered predicts ETH might soar to $8,000 by 2026.

Geoffrey Kendrick, the lead on forex and crypto research at Standard Chartered, alongside his analytical squad at the bank, pinpointed Ethereum’s stronghold in smart contracts, gaming, and tokenization as the driving forces behind its projected price surge.

After the financial behemoth’s prior forecast of bitcoin (BTC) potentially hitting $50K by year-end and surging to $120K in 2024, Geoffrey Kendrick and his team at Standard Chartered predicts ETH are back with a new report, this time spotlighting ethereum (ETH).

Ethereum Valuation Projections Extend to $26,000 by 2040

Kendrick underscores Ethereum’s “unrivaled command” across diverse realms of decentralized finance (defi), token genesis, and smart contract innovations. These dynamics could catapult ether to an impressive “$8,000 mark by 2026,” marking a quintuple jump from its present stance. Notably, this $8K projection is merely a precursor to the Standard Chartered predicts ETH’s ambitious long-term forecast of an ether valued between $26,000 and $35,000.

Yet, it’s worth noting that while the $8K estimate is slated for 2026’s conclusion, the grander valuation is pegged for 2040. Kendrick elaborated that this assessment contemplates emerging use cases and revenue streams yet to unfold. Current real-world implementations in gaming and tokenization are poised to accelerate this trajectory. Standard Chartered predicts ETH’s forex and crypto research lead further opined that U.S. regulations around spot exchange-traded fund (ETF) potentials will likely fortify both BTC and ETH. Diving into the crypto research realm in September 2021, Standard Chartered predicts ETH has since been dishing out expert insights.

“The gap between traditional finance and the digital world is narrowing by the day,” Eric Robertsen, the global head of research and chief strategist for Standard Chartered said at the time.

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