Standard Chartered Bank reaffirms the target price of $4,000 for ETH by the end of the year and $40,000 by 2030
According to Decrypt, analysts at Standard Chartered Bank pointed out in a report on Thursday that the current price of Ethereum does not reflect the growth in its on-chain transaction volume, nor does it reflect the value of digital assets deposited in DeFi applications. The price of Ethereum has "significant room" to catch up with its internal metrics, as its native network is expected to benefit from Wall Street's steady migration to digital assets.
Ethereum has dominated the stablecoin and tokenization markets, which are set to experience rapid growth. Analysts reiterated a year-end target price of $4,000 for Ethereum, predicting it could reach $40,000 by 2030. This would bring the price ratio of Ethereum to Bitcoin back up to 0.08. Standard Chartered stated that year-to-date, stablecoins have accounted for 33% of Ethereum transactions.
The "Economic Zone" supported by the Ethereum Foundation will launch this summer, further enhancing on-chain activity. As real-world assets go on-chain, if RWAs grow as expected by 50 times, the importance of Ethereum will increase dramatically, with transaction volume and total locked value continuously setting new historical highs.
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