Ethereum Could Reach Greater Heights Says British Bank

Ethereum Could Reach Greater Heights Says British Bank

The bank’s examiners are amazingly hopeful on Ethereum, anticipating that ETH will “get up to speed to BTC.” A report of the English bank Standard Chartered examiners esteems Ethereum at “USD 26,000-35,000” while anticipating that Bitcoin will continue the bullish momentum.

ETH Vs. BTC 

The financial service giant’s report was published by the British Bank Standard Chartered. An analyst of “Ethereum Investor Guide,” explains the network’s value plan. While comparing two leading cryptocurrencies and contrasting them with the Bitcoin network. 

Based on their research, written by Kendrick, Christopher Graham, and Melissa Chan. They have said many various things, including that the value of Ethereum could go up to $175K. However, they also know that Ethereum will possibly not extend the price. Until Bitcoin starts trading at a great height, which they place around $175k.

Standard Chartered also addressed issues like sharding, eWASM, and the total supply of ether. It also adds that it is tough to scale Ethereum and the ETH 2.0 rollout. In addition to NFTs, DAOs, DeFi, ICOs, and other uses, Standard Chartered’s study emphasized the next transition to Ethereum 2.0.

The Standard Chartered study also considers the ‘regulatory landscape’ and the ‘competitive landscape.’ There are blockchains in the world of DeFi, NFTs, and decentralized applications that compete with Ethereum.

Although Ethereum provides many practical uses, the bank warned that there might be a higher risk than Bitcoin. Nevertheless, the experts are optimistic about the ethereum crypto asset.