Ether (Eth) has been on a big race lately, but it has only started, according to Geoff Kendrick of Standard Charterd.
Citing the institutional demand for demand, favorable regulations and network upgrades, Kendrick lifted his end -of -year course goal for ETH at $ 7,500, against $ 4,000 and his end of 2028 to $ 25,000, compared to $ 7,500. In addition to more than 50% in last month, Ether is currently negotiating hands just under its record summit at $ 4,700.
At the same time, he expects the outperformance to continue on Bitcoin
Providing that the ETH / BTC ratio increased to 0.05 compared to the current of 0.039.
Ether treasury Companies and funds negotiated on the stock market bought 3.8% of all ETH in circulation since early June, said Kendrick, adding that it was twice the fastest pace of the purchase of comparable Bitcoin.
The second largest cryptocurrency also received a regulatory boost for the adoption of the American engineering law in July, which opens the way to the traditional adoption of stablescoin. More than half of all the stablescoins are issued on Ethereum, and these cryptocurrencies already represent 40% of blockchain costs, noted Kendrick.
Network growth is a rear wind. Ethereum developers aim to increase the flow of layer 1 per 10x, positioning the chain for greater value transactions and expanding for layer 2 ecosystems, added the ratio.
Companies that buy ether for their cash strategy are better purchase for investors than ETH grant funds, the bank said in a report earlier this month.
Find out more: Ethereum Treasury Stocks “ Better Buy ” that ETH ETF, according to Standard Chartered
