Ether could eventually be worth $35,000: Standard Chartered
Analyst Geoff Kendrick explains his super bullish view on Ether. He expects Ethereum to reclaim its dominance in smart contracts. Kendrick also sees new uses cases as catalyst for price appreciation. Ether has been in a downtrend over the past three months but a Standard Chartered analyst remains super bullish on the cryptocurrency. The bull case for Ether Geoff Kendrick expects Ether to hit $8,000 by the end of 2026 that translates to a whopping 5x growth in about three years. The analyst is convinced that Ethereum will reclaim its dominance in smart contracts. New use cases, he added in a research note this morning, will also help drive its price up moving forward. Layer 2 scaling solutions … are likely to grow in importance over time. This should help in … increasing its [EHT’s] P/E ratio over the next couple of years. Earlier this month, Grayscale filed with the Securities & Exchange Commission to convert its Ethereum trust ...