Ethereum's projected value to reach $7,500 by year-end 2025, asserts international banking heavyweight Standard Chartered.
In the dynamic world of cryptocurrency, one coin has been making waves recently - Ethereum. Standard Chartered Bank, a global banking giant, has revised its price forecast for Ethereum, predicting a significant increase by 2025.
According to Geoff Kendrick, the head of digital asset research at Standard Chartered, Ethereum could reach new heights. Kendrick believes that three key factors are driving this bullish outlook.
First, there's the unprecedented accumulation of Ethereum by institutional investors. Corporate treasuries and ETFs have been acquiring about 3.8% of ETH’s circulating supply since early June. This rapid accumulation, twice as fast as Bitcoin's peak, signals a strategic shift towards treating Ethereum as a treasury reserve asset.
Second, policy tailwinds are favouring Ethereum, particularly the passage of the GENIUS Act in the US. This legislation provides a framework for stablecoins, benefiting Ethereum as over half of stablecoins like USDT and USDC operate on its platform, driving demand for ETH to pay transaction fees. The stablecoin market is projected to grow eightfold by 2028, reinforcing Ethereum’s role as the main settlement layer for dollar-pegged tokens.
Third, Ethereum's evolving technical infrastructure is another factor. The Ethereum Foundation's plans to scale Layer 1 throughput by 10x for high-value transactions while offloading smaller transfers to Layer 2 solutions such as Arbitrum and Base, make Ethereum more attractive for institutional adoption. These improvements will enhance scalability and transaction efficiency.
These three pillars - institutional buying, policy/regulatory support, and technological upgrades - combine to fuel Standard Chartered’s raised 2025 Ethereum price target to $7,500 from $4,000. This could rewrite Ethereum's price history and cement its status as the backbone of blockchain innovation.
For those interested in buying Ethereum, Bitget offers a user-friendly platform. Users can sign up using an email address and complete KYC verification for full account access. To buy Ethereum (ETH) on Bitget, users should search for the ETH/USDT pair in the Spot or Futures section. Funding options include credit/debit card, bank transfer, and transferring cryptocurrencies from another wallet.
However, before investing, it's crucial to analyze the market and define a strategy that aligns with individual goals. As with any investment, it's important to do thorough research and consider seeking advice from financial advisors.
[1] Why has ONDO exploded recently? [2] Why is the crypto market down today? [3] The DOGE exploded by 340% the last time this signal appeared!
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[1] Given the surge in interest surrounding Ethereum, it might be worth exploring why other technological innovations, such as ONDO, are also experiencing similar growth in the finance and investing world.
[2] Understanding market trends is essential for investors, and it's possible that a decline in the crypto market today could be due to various factors affecting technology-driven assets like Ethereum, Dogecoin, and ONDO.
[3] According to some analysts, the price surge of Dogecoin by 340% was not a one-time phenomenon but could potentially occur with other popular technological assets, such as Ethereum or ONDO, when specific signals appear, indicating their growing potential.
