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❕NEWS Standard Chartered Expects Ethereum To Hit $35,000 In Near Future

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The head of cryptocurrency research at Standard Chartered, Geoffrey Kendrick has predicted
the price of Ethereum will reach a sky-high aim of $35,000 in the future. Despite the selloff, institutional money continues to come into crypto, according to Standard Chartered's chief crypto researcher. Kendrick also says the forthcoming switch to proof-of-stake will undoubtedly benefit Ether's price.
What's you take on his predictions?
 
Well considering that ethereum is continuing to improve its system and that more and more projects are going under ethereum network this is really possible, though the real question remains which is when will it reach that price mark?
 
With ETH 2.0 phase 1 already launched it's not a surprise that institutional money is coming in.It has given confidence to them by fixing so many problems in ETH.They also know after the full launch,ETH will bring scalability,low transaction fees and staking as promised,more problems being soved, and what they see now is promising that why they keep investing.
 
With a big bank like them that has a huge market share and also tends to put their mark in the Cryptos space we can agree the development on ETH is fantastic and ETH has moved much faster than bitcoin , but if we compare and contrast then bitcoin has to reach $250k which is a bog feat from here and no one can give a prediction when will it happen ...
 

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