Standard Chartered’s leading authority on forex and cryptocurrency research indicates a potential rise of Ethereum’s value to $8,000 by the year 2026. This prediction comes directly from Geoffrey Kendrick and his research team. They attribute Ethereum’s dominant position in areas like smart contracts, digital gaming, and tokenization to its anticipated price escalation.
Standard Chartered Offers New Ethereum Price Forecast
Following their earlier prediction of Bitcoin’s value possibly touching $50,000 by the end of the current year and then soaring to $120,000 by 2024, Geoffrey Kendrick, along with his team, has now turned their focus to Ethereum.
In his latest report, Kendrick emphasizes Ethereum’s unmatched dominance in various sectors of decentralized finance, the inception of tokens, and advancements in smart contracts. These elements, according to the analysis, might propel Ethereum to a commendable $8,000 valuation by 2026. This represents a fivefold increase from its current value. However, it’s crucial to understand that this $8,000 prediction is only an introduction to the institution’s more aspirational long-term valuation of Ethereum, which ranges from $26,000 to $35,000.
It’s significant to point out that while the $8,000 estimation is targeted for the end of 2026, the more substantial value is projected for 2040. Kendrick further detailed that this valuation takes into account the potential for new applications and revenue channels that have not yet emerged. Present real-world applications in the realms of digital gaming and tokenization are anticipated to hasten this growth trend.
The lead of forex and cryptocurrency research at Standard Chartered also stated that prospective U.S. regulations concerning the potential of spot exchange-traded funds (ETFs) would probably bolster both Bitcoin and Ethereum’s positions. Since venturing into the realm of cryptocurrency research in September 2021, Standard Chartered has consistently offered valuable expertise.
Eric Robertsen, Standard Chartered’s global head of research and chief strategist, remarked, “The divide between conventional finance and the evolving digital domain continues to close steadily.”
Kindly share your thoughts on whether Ethereum will touch the projected $8,000 valuation by 2026 as forecasted by Standard Chartered in the comments section.
Frequently Asked Questions (FAQs) about Ethereum projection 2026
Who provided the projection for Ethereum’s value by 2026?
Standard Chartered’s leading authority on forex and cryptocurrency research, specifically Geoffrey Kendrick and his research team, provided the projection for Ethereum’s value by 2026.
What is the projected value of Ethereum by the end of 2026 according to Standard Chartered’s research?
Ethereum’s value is predicted to reach $8,000 by the end of 2026 according to Standard Chartered’s research.
Apart from the 2026 projection, does Standard Chartered have a long-term forecast for Ethereum?
Yes, beyond the $8,000 projection for 2026, Standard Chartered has an aspirational long-term valuation for Ethereum ranging between $26,000 and $35,000, targeted for the year 2040.
On what basis does Geoffrey Kendrick and his team base their Ethereum valuation?
Kendrick and his team attribute Ethereum’s anticipated price escalation to its dominant position in areas like smart contracts, digital gaming, and tokenization. They also consider Ethereum’s unmatched dominance in sectors of decentralized finance, the inception of tokens, and advancements in smart contracts.
What does Eric Robertsen, Standard Chartered’s global head of research and chief strategist, say about the traditional finance and digital domain?
Eric Robertsen remarked that the divide between conventional finance and the evolving digital domain continues to close steadily.
More about Ethereum projection 2026
- Standard Chartered Official Report
- Ethereum Price Analysis 2026
- Geoffrey Kendrick’s Publications
- Overview of Decentralized Finance (DeFi)
- U.S. Regulations on Cryptocurrencies