News - Will Ethereum soon break the $8,000 mark?

By Mike Hesp

Will Ethereum soon break the $8,000 mark?

Ethereum (ETH)

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.

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