Ethereum Is Valued Between $26,000 and $35,000 by Standard Chartered Investor Guide

<p>Standard Chartered analysts are the latest bulls on Ethereum, valuing the cryptocurrency at about $26K-$35K per Ether in their recently released investor guide (ETH).</p> <p>The investor's guide's first phrase states, "Structurally, we value Ethereum at USD $26,000-35,000." It's understandable that the term "structural" in Standard Chartered researchers' lexicon alludes to the more often used phrase "fundamentals" in cryptocurrency circles. However, what are these fundamentals to which Standard Chartered refers?</p> <p>The paper makes an attempt to appraise Ethereum through the lens of the "financial market." It compares the worth of worldwide banks to the value of global credit card firms to arrive at a possible value of $35,000 per Ether, at which time its market capitalisation would surpass that of Bitcoin — a phenomenon known as the flippening.</p> <p>According to the Standard Chartered research, the ETHBTC ratio would also cross 0.161 and Bitcoin would trade at over $175,000, improving investors' perspective of all crypto-assets.</p> <p>It reiterates that Ethereum is a superior medium-term investment than Bitcoin, despite the fact that it is more complex and risky.</p> <p>Ethereum must successfully deploy Ethereum 2.0, which will improve security, scalability, and power consumption.</p> <p>While Ethereum 2.0 timescales are not set in stone and are subject to change, it is envisaged that the reduced ETH circulating supply caused by supply being held in the Beacon Chain Eth2 staking contract would provide a "price cushion." It is aided further by the EIP1559-induced burning and the subsequent significant decline in issuance following the complete transition to Proof of Stake (POS).</p> <p>Standard Chartered analysts appear to be cognisant of environmental concerns surrounding Proof of Work (POW) networks and predict that Ethereum going green during the merge will significantly boost its attractiveness to the environmentally aware audience.</p> <p>Additionally, the analysis demonstrates that crypto-a