Stephen Alpher is CoinDesk's managing editor for Markets. He holds BTC above CoinDesk’s disclosure threshold of $1,000.
has the potential to reach $8,000 by the end of 2026 versus its current level just below $1,,600, writes Geoff Kendrick, Head of FX Research, West, and Digital Assets Research at Standard Chartered Bank.
While Ethereum's dominant uses currently are non-fungible tokens and decentralized finance , said Kendrick, an evolution towards gaming and tokenization should add"significant demand." "Importantly, this should provide ‘proof of concept’ examples in which real-world industries come on-chain to exploit the benefits of Ethereum over their existing setups," he added."We expect significant developments on these fronts by 2025-26."halving in April 2024"should help lift all boats," and he sees ether hitting $4,000 by the end of next year.
Looking even longer into the future, Kendrick sees the $8,000 level as"a stepping stone" to the bank's"structural" valuation estimate of $26,000-$35,000. The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of
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