Ether (Eth) He has been in a great streak lately, but he is just beginning, according to Geeff Kendrick by Standard Chartered.
Citing a growing institutional demand, a favorable regulation and network updates, Kendrick raised its year -end year for ETH to $ 7,500 of $ 4,000 and its final objective of 2028 to $ 25,000 from $ 7,500. More than 50% during the past month, Ether is currently quoting hands just below its $ 4,700 record.
Together, he expects continuous performance about Bitcoin
predicting that the ETH/BTC ratio increased to 0.05 of the current 0.039.
Ether treasury The companies and the funds quoted in spots have bought 3.8% of the entire ETH in circulation since the beginning of June, said Kendrick, added that this was twice the fastest pace of comparable purchases of Bitcoin.
The second largest cryptocurrency has also received a regulatory impulse of the approval of the United States genius law in July, which paves the way for the adoption of the mainstream. More than half of all stables are broadcast on Ethereum, and these cryptocurrencies already represent 40% of blockchain rates, Kendrick said.
Network growth is a tail wind. Ethereum developers aim to increase the performance of layer 1 by 10x, placing the transaction chain for greater value and expanding the layer 2 ecosystems, the report added.
Companies that buy Ether for their treasure strategy are a better purchase for investors than the funds quoted in Eth Spot, the bank said in a report earlier this month.
Read more: The actions of the Ethereum ‘Better Buy’ Treasury that Eth Ethfs, Standard Chartered says
