Could Ethereum Reach $8,000 In 2026? SCB Analyst Makes The Case
Portfolio Pulse from Khyathi Dalal
Standard Chartered Bank (SCB) research estimates that Ethereum's Ether could reach $8,000 by the end of 2026, with a long-term structural valuation ranging between $26,000 to $35,000. The bank's head of forex and crypto research, Geoffrey Kendrick, believes that Ether's real-world use cases in gaming and tokenization could support its development. Kendrick also forecasted a $100,000 price for Bitcoin by the end of 2024. Ethereum's dominance in the smart contract space and upcoming technical upgrades are expected to strengthen its position. The upcoming Bitcoin halving event in April 2024, potential regulation, and spot ETFs in the U.S. are likely to push Ether prices to $4,000 by 2024-end.
October 11, 2023 | 6:52 pm
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Standard Chartered Bank's Geoffrey Kendrick forecasted a $100,000 price for Bitcoin by the end of 2024. The upcoming Bitcoin halving event in April 2024, potential regulation, and spot ETFs in the U.S. are likely to push Bitcoin prices up.
The prediction by Standard Chartered Bank of a significant increase in the price of Bitcoin, along with the upcoming Bitcoin halving event, potential regulation, and spot ETFs in the U.S., could lead to increased investor interest and a potential rise in its price.
CONFIDENCE 70
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Standard Chartered Bank predicts Ethereum's Ether could reach $8,000 by 2026-end, with a long-term valuation of $26,000 to $35,000. Ethereum's dominance in the smart contract space and upcoming technical upgrades are expected to strengthen its position.
The prediction by Standard Chartered Bank of a significant increase in the price of Ethereum's Ether, along with its dominance in the smart contract space and upcoming technical upgrades, could lead to increased investor interest and a potential rise in its price.
CONFIDENCE 70
IMPORTANCE 80
RELEVANCE 100