Standard Chartered analysts have revised their long-term Ethereum targets from $7,500 following Altcoin’s return. They also outlined why they are bullish about ETH. Network Advantages As the best layer-1 blockchain.
Standard Chartered predicts that Ethereum will reach $25,000 by the end of 2028
According to Reuters ReportStandard Chartered has raised Ethereum’s end-of-2028 target from $7,500 to $25,000. meanwhile, I also raised the bank The year-end goal is $4,000 to $7,500. The company’s analysts have been working to improve industry engagement and Increased holdings of ETH Over the last few months.
Ethereum has skyrocketed over 81% in the past three months, recently rallying at the new best of the year, at around $4,700. This brings Altcoin’s current all-time high (ATH) to vision at $4,891, dating back to 2021. Standard Charter We believe that Ethereum’s dominance as the primary blockchain that handles the most stable transactions will help to provide an increase in ETH prices.
Jeff Kendrick, the company’s head of digital asset research, said: Stablecoin sector It will grow eight times by the end of 2028. He noted that this has a major direct impact on fees on the Ethereum network. Therefore, they expect ETH demands will skyrocket significantly as more people use stable ones on their networks.
In line with this, Kendrick said that long-term growth in ETH depends on the use of high-value transactions, particularly Layer-1 (and Layer-2) of transactions that are tied to traditional finance. Analysts said there was a big boost Network capacity It helps you achieve this.
Experts such as Bitmine’s Tom Lee has already said As the hype of tokenization heats up, that Ethereum becomes a network of choice. Lee explained that the network had legal clarity and, like some of its competitors, there was no downtime.
ETH Treasury can hold 10% of the total supply
Standard charter analysts have also declared it Ethereum Finance Company It can circulate 10% of all ETH. These companies are expected to provide large demand for Altcoin, which could also contribute to price increases. Bitmine, the largest ETH financing company, has already declared its intention to hold 5% of its total supply.
Recent company Submitted $20 billion in shares It will advance its Ethereum strategy to provide its net income plan. Other companies, such as Sharplink Gaming and Ether Machine, are also actively raising funds to buy more ETH. In particular, Bitwise CIO Matt Hogan recently claimed Thanks to these companies and ETFs, Altcoin is facing a supply shock.
At the time of writing, Ethereum prices are trading at around $4,733, an increase of over 2% over the past 24 hours. data From CoinMarketCap.
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