Price of ether (ETH), the Ethereum blockchain’s native digital currency, could reach as high as $8,000 (289,000 baht) by the end of 2026 from its current price of around $1,600, according to Standard Chartered Bank.
“We think that Ethereum’s dominance in the smart contract platform space, coupled with emerging applications in gaming and tokenization, has the potential to drive the ETH price to $8,000 by the end of 2026 (adds up five times from the current price of $1,600),” Geoffrey Kendrick, head of forex and crypto research at Standard Chartered Bank, said in a report on Wednesday.
The expected price of $8,000 for ETH is seen as the first step on the path to The bank’s previously stated “long-term structural valuation” of $26,000 to $35,000, according to Kendrick, is a long-term valuation based on Ethereum’s future use cases and potential revenue streams. Not happening
Possible Regulation and Spot Ether ETFs in the United States It should be very beneficial to the ETH price as well. All of these factors could push the price of ETH to $4,000 by the end of 2024, according to Kendrick, which is still below ETH’s previous high of $4,866 reached in late 2021.
refer : theblock
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