World Crypto Global
World Crypto GlobalCrypto News
Top News By Agency By Country By Publication Time The Most Read Stories Most Viewed Agencies All News Standard Chartered Sees Ethereum Rising to $20k+ © Copyright Image: Blockonomi
UK mega bank Standard Chartered sees ETH price rising to $26,000 per token in the medium-term, although the bank thinks it could go even higher. According to its Ethereum Investor Report (PDF), the current Ethereum price is too low, and doesn’t take into account the functionality of the platform.
Standard Chartered commented in the report,
“A range of USD 26,000-35,000 may appear high compared to the current ETH price (just below USD 4,000), but we think the current price reflects both the relative complexity of ETH (versus BTC) and the uncertainty around ETHs development.”
While Bitcoin is many years older than Ethereum, it is a far more basic system. Ethereum introduced new token types, like NFTs, which offer tremendous value to the overall platform.
It appears that Standard Chartered sees this value, and thinks Ethereum may be able to prosper from wider use, as well as better understanding on what its capacities truly are. The bank also sees Bitcoin rising from present levels by next year, with a level of $100,000 being predicted.
Ethereum Has Rallied Hard
Ethereum has done well so far in 2021, with a year-over-year gain of more than 900% at the time of writing. Despite this big rally, Standard Chartered sees the token going up by another 500%, at least, and in a short amount of time to boot.
The banks stated that it sees, “the Ethereum-Bitcoin cross doubling to 0.161, a level at which ETH’s market cap would catch up to BTC’s.”
So – not only does it see Ethereum gaining in value when measured by fiat currency, it also thinks that Ethereum’s overall value will match Bitcoin’s in the coming year. To be sure, these are bold predictions, but they may very well come to pass.
A Strong Buy
Ethereum has a lot going for it. As a platform, it offers investors and users a lot of technology. It is still one of the most popular blockchain development spaces, and numerous other tokens have emulated its feature set.
While there are other platforms out there which offer more in the way of functionality, like TRON or Cardano, neither platform has been able to match the popularity of Ethereum. While this may change in the coming years, at the moment, Ethereum may be the most attractive major token in the marketplace.
In addition to dev support, Ethereum has also been a hit with the mainstream investment community. It is widely held by investors via trusts, and is also traded in derivative form on major exchanges.
Difficult to Ignore
An asset that delivers nearly a 10x return in a year is difficult to ignore, especially when it is deeply liquid and well capitalized.
Of course, there may also be pullbacks ahead, especially if we see money flow into cash and bonds. The last 14 months have been amazing in numerous markets, cryptos included. This has been a one way trade, with asset prices blasting higher across the board.
Unfortunately, some of the assets that have been rallying are commodities, which means that people are paying more for almost everything. Central banks are starting to look for ways to curb market liquidity, which may not be great for cryptos in the latter half of 2021.
As we saw in the spring of 2020, crypto are now connected to the movements in major markets, so if the NASDAQ catches a cold, Ethereum may take a big blow. We simply can’t know, but this is a risk that anyone who holds tokens as an investment should understand.
On a longer timeline, Standard Chartered is likely correct – and Ethereum is going higher. It may even eclipse the levels that Standard Chartered predicted, especially if we see bigger problems in the fiat currency ecosystem.
Read more: https://blockonomi.com/standard-chartered-ethereum-20k/
Text source: Blockonomi
Ethereum Price Written by Nicholas Say On Thu, 09 Sep 2021 Disclaimer: Financial information and news are not financial advice, read the disclaimer. Buy & sell Crypto in minutesJoin BINANCE!
The world's largest crypto exchange
The 7 Most Read Stories Best NFT Airdrops and Giveaways for October 2022 These Are The Bitcoin Predictions For 2023 By Arcane... Lightning Labs Announces Cheaper Way To Send Money W... Potential Loss of $50K in Plea Deal for Suspected Ha... Tom Brady, Gisele Bundchen And Sam Bankman-Fried Sue... Best Bitcoin Wallets The new $10 billion protocol: Bitcoin builder explai... View All Most Viewed Agencies InsideBitcoins.com BitcoinChaser BlockonomiThe most complete Crypto News Center.
Search Stories:
Latest top stories
Top 5 Cryptocurrencies To Buy After Trumps Crypto SpeechMore News:
By Crypto Daily On Mon, 17 Mar 2025 If You Missed Pi Networks 1000% Surge, Could Remittix Be the Next Big Breakthrough Youre Looking For?More News:
By Crypto Daily On Mon, 17 Mar 2025 Libra, Melania creators Wolf of Wall Street memecoin crashes 99%More Crypto News:
By Cointelegraph.c... On Sun, 16 Mar 2025 Ripple (XRP) and a New Viral Token at $0.734 Draw In Fresh Capital, While Shiba Inu (SHIB) Holders Prepare for Further Losses!More News:
By Crypto Daily On Sun, 16 Mar 2025 Can Ethereum (ETH) Still Shine in 2025? Mixed Signals From Key Indicators Raise Questions!More News:
By Crypto Daily On Sun, 16 Mar 2025 5 Unbelievable Ways Trump Is Unleashing Bitcoins Trillion-Dollar Bull Run (Opinion)AA News: BTCEUR: BTCGBP: BTCUSD: BTCUSDT: Crypto News: Bitcoin: Donald Trump:
By CryptoPotato On Sun, 16 Mar 2025 Crypto Weekly Roundup: Trump Courting Binance US, Ethereum Launches New Testnet, & MoreBreaking News:
By Crypto Daily On Sun, 16 Mar 2025 Shiba Inu Price Prediction: 2 Top Cryptos to Invest in for Even Bigger Returns Than SHIBs 9x Potential in 2025!More News:
By Crypto Daily On Sun, 16 Mar 2025 French court allows Telegram founder to travel to Dubai temporarily: ReportFeatured: Legal: People:
By CryptoSlate On Sun, 16 Mar 2025 7 Best Meme Coins for Massive Return Potential: The Unmissable Lineup of the YearNews: Press Release:
By TronWeekly On Sun, 16 Mar 2025 Toncoin in 'great entry zone' as Pavel Durov's France exit fuels TON price rallyMore Crypto News:
By Cointelegraph.c... On Sun, 16 Mar 2025 XRPs Dominance Surge: Could This Be the Start of a Massive Crypto Breakout?News: Altcoin News: Crypto news: ripple: XRP Market: XRP price analysis: XRP Price Prediction:
By TronWeekly On Sun, 16 Mar 2025 Chainlink Price Could Run To $31 In The Next Leg Up Heres WhyChainlink: chainlink: Chainlink price: Link: link price: linkusdt: satoshi flipper:
By NewsBTC On Sun, 16 Mar 2025 XRP Lawsuit: SEC Legal Battle with Ripple Likely Ending Soon Heres What to ExpectCryptocurrency: News: Ripple: XRP News:
By ZyCrypto On Sun, 16 Mar 2025 Russia uses Crypto to Trade Oil with China and India, Develops BRICS Technology with Tether StablecoinCryptocurrency: News: stablecoin: Tether: USDT:
By ZyCrypto On Sun, 16 Mar 2025 Forget Solana, XRP may flip Ethereum first amid 5-year highMore Crypto News:
By Cointelegraph.c... On Sun, 16 Mar 2025 Bank of Russia to Allow Select Investors to Trade CryptoAA News: Crypto News: Russia:
By CryptoPotato On Sun, 16 Mar 2025 Polygon (POL) Investor Forecasts 18,000% Surge for This $0.07 Altcoin by August 2025Is It Possible?More News:
By Crypto Daily On Sun, 16 Mar 2025 Remittixs Strong Foundation Sets It Apart from Pi CoinWhat Makes It Stand Out?More News:
By Crypto Daily On Sun, 16 Mar 2025 France central bank governor says Trump is sowing the seeds of future upheavals by supporting cryptoFeatured: Politics: Regulation:
By CryptoSlate On Sun, 16 Mar 2025 Is Remittix's $0.070 Price a Hidden Gem? Pi Coins Success May Offer a Glimpse of the FutureMore News:
By Crypto Daily On Sun, 16 Mar 2025 Can Remittix Outpace Shiba Inus $1 Target by 2025?More News:
By Crypto Daily On Sun, 16 Mar 2025 Top 3 Reasons Why Ripple (XRP) is a Better Investment Than Ethereum (ETH) in 2025More News:
By Crypto Daily On Sun, 16 Mar 2025 Solana Turned $1000 into $172000 While XRP Couldnt Even Break ATH in 2021, Heres How Another Coin Could Put XRP to Shame in 2025More News:
By Crypto Daily On Sun, 16 Mar 2025 Shiba Inu's (SHIB) Path to $0.000081 Remains Rocky as Investors Aim for a 21670% ROI With This CryptoMore News:
By Crypto Daily On Sun, 16 Mar 2025 Bitcoin experiencing shakeout, not end of 4-year cycle: AnalystsMore Crypto News:
By Cointelegraph.c... On Sun, 16 Mar 2025 Best Crypto to Buy in the Dip: Opportunities for Long-Term GrowthMore News:
By Crypto Daily On Sun, 16 Mar 2025 Best Crypto Presale: Early Investments That Could Pay Off BigMore News:
By Crypto Daily On Sun, 16 Mar 2025 Toncoin (TON) Skyrockets by Double Digits, Bitcoin (BTC) Holds Steady at $84K (Weekend Watch)BTCEUR: BTCGBP: BTCUSD: BTCUSDT: Crypto News: featured1: Market Updates:
By CryptoPotato On Sun, 16 Mar 2025 XRP $15 Breakout? Not A Far-Fetched IdeaAnalysisAltcoin: altcoins: bitcoin: crypto: digital currency: Ripple: xrp: XRPUSD:
By NewsBTC On Sun, 16 Mar 2025 640,000 Chainlink (LINK) Withdrawn From Exchanges In 24 Hours Bullish Accumulation?Chainlink News: chainlink: Chainlink Activity: Chainlink Bullish Signal: Chainlink news: Chainlink Price Analysis: Chainlink Whale Activity: Chainlink withdraw: Link: linkusdt:
By NewsBTC On Sun, 16 Mar 2025 Best Meme Coin to Buy: 3 Top Picks for High-Risk, High-Reward GainsMore News:
By Crypto Daily On Sun, 16 Mar 2025 Dogecoin Price Prediction: Will It Ever Become a Mainstream Payment Method?More News:
By Crypto Daily On Sun, 16 Mar 2025 Four suspects charged in home invasion of streamer AmouranthMore Crypto News:
By Cointelegraph.c... On Sun, 16 Mar 2025 Free Crypto: How to Claim Airdrops and GiveawaysMore News:
By Crypto Daily On Sun, 16 Mar 2025 Best Crypto to Buy Now: Strong Choices for This Market CycleMore News:
By Crypto Daily On Sun, 16 Mar 2025 Pepe Price Prediction: Can It Compete with Shiba Inu and Dogecoin?More News:
By Crypto Daily On Sun, 16 Mar 2025 Solaxy Price Prediction: Will It See Massive Gains or Struggle to Grow?More News:
By Crypto Daily On Sun, 16 Mar 2025 Shiba Inu Price Prediction: The Future of SHIB in the Crypto MarketMore News:
By Crypto Daily On Sun, 16 Mar 2025 Best Cheap Crypto to Buy Now: Affordable Assets with High PotentialMore News:
By Crypto Daily On Sun, 16 Mar 2025 XRP Price Prediction: Can It Overcome Its Legal Challenges?More News:
By Crypto Daily On Sun, 16 Mar 2025 Trump-backed World Liberty Financial buys AVAX and MNT for $4M as total portfolio losses reach $118MDeFi:
By Crypto Briefing On Sun, 16 Mar 2025 Bitcoin Spot ETF Exodus Continues: $900 Million Outflows Extend Losing StreakBitcoin: Bitcoin spot ETF: BlackRock IBIT: btcusd: BTCUSDT: Ethereum Spot ETF: net outflows:
By NewsBTC On Sun, 16 Mar 2025 Report: Russia Leveraging Crypto for Oil Trade to Bypass SanctionsAA News: Crypto News: Bitcoin: Ethereum: Russia: Tether (USDT):
By CryptoPotato On Sun, 16 Mar 2025 Burning quantum-vulnerable BTC is the best option Jameson LoppMore Crypto News:
By Cointelegraph.c... On Sun, 16 Mar 2025 Whales Accumulate Over 150 Million XRP In Just 48 Hours Is A Rally Incoming?Ripple: xrp: xrp news: XRP Price: XRP Rally: XRP Whale: XRP Whale Accumulation: XRP Whale Activity: xrpusdt:
By NewsBTC On Sun, 16 Mar 2025 Are XRP Whales Positioning for the End of the Ripple vs. SEC Lawsuit?Crypto Bits: Crypto News: XRPBTC: XRPUSD: Ripple (XRP) Price: SEC: Whale:
By CryptoPotato On Sun, 16 Mar 2025 Bitcoin reclaims $80K zone as BNB, TON, GT, ATOM hint at altcoin seasonMore Crypto News:
By Cointelegraph.c... On Sun, 16 Mar 2025 Toncoin open interest soars 67% as Pavel Durov departs FranceMore Crypto News:
By Cointelegraph.c... On Sun, 16 Mar 2025 Crypto Community Reacts to Trumps Strategic Bitcoin ReserveBTCEUR: BTCGBP: BTCUSD: BTCUSDT: Crypto News: featured1: Bitcoin: Donald Trump: United States:
By CryptoPotato On Sun, 16 Mar 2025 Support Contact Us Sitemap Information About Us Privacy Policy Terms of Use Cookies DisclaimerWelcome at World Crypto Global. This portal is packed with useful content and resources to built out your own crypto skills. WCG is a site member of ITeGAMAX's online services.
© Copyright ITeGAMAX AB 2025 | Powered by ITeGAMAX | Gabriel Vega (Sweden)The information provided by World Crypto Global on this Site is for general informational purposes only. All information on this Site is provided in good faith, however we make no representation or warranty of any kind, express or implied, regarding the accuracy, adequacy, validity, reliability, availability, or completeness of any information on this Site.
UNDER NO CIRCUMSTANCE SHALL WE HAVE ANY LIABILITY TO YOU FOR ANY LOSS OR DAMAGE OF ANY KIND INCURRED AS A RESULT OF THE USE OF THE SITE OR RELIANCE ON ANY INFORMATION PROVIDED ON THE SITE. YOUR USE OF THE SITE AND YOUR RELIANCE ON ANY INFORMATION ON THE SITE IS SOLELY AT YOUR OWN RISK.
Use of this site is subject to our Terms and Conditions, Disclaimer, and Privacy Policy.
Cookies Consent.
WE AND OUR PARTNERS USE COOKIES ON THIS SITE TO IMPROVE OUR SERVICE, PERFORM ANALYTICS, PERSONALIZE ADVERTISING, MEASURE ADVERTISING PERFORMANCE, AND REMEMBER WEBSITE PREFERENCES.
By using this website, you automatically accept that we use cookies.
To learn more about use of cookies see our Privacy Policy. Learn More.