Standard Chartered Bank has made a bold prediction about Ether, the second-largest crypto currency.Â
They believe Ether’s value could grow more than five times its current worth by the end of 2026.
This means Ether crypto currency might go up to $8,000 in the next two years.
This expected surge is because more people are using Ether for things like ‘smart contracts,’ online gaming, and converting regular assets into digital tokens.
As of now, Ether is being traded at about $1,575.
Predicting the value of cryptocurrencies is tricky because they aren’t tied to traditional assets.
Instead, their prices mostly depend on what people who invest in them think.
Standard Chartered also has a long-term estimate for Ether.
They think that by 2040, Ether could be worth even more, ranging between $26,000 and $35,000.
This forecast is based on new ways to use Ether, which may generate income, such as in the gaming industry and the tokenization of assets.
While Ether has seen a 30% increase in value this year, it’s still far below its all-time high, which was approximately $4,869 in November 2021.
Previously, the bank also made a prediction about Bitcoin, suggesting it could reach $50,000 this year and $120,000 by the end of 2024.
Currently, Bitcoin is trading at around $27,275.”
