Standard Chartered Bank has drawn parallels between Ethereum and Amazon during the post-dot-com bubble era, expressing bullish sentiment on ETH's long-term prospects. Despite recent price declines, the bank maintains a price target of $4,000 for ETH by the end of 2026 and $40,000 by 2030. The bank anticipates the ETH/BTC exchange rate to recover to 0.08 by the decade's end.
The bank highlights Ethereum's leading role in the stablecoin and real-world asset tokenization sectors, forecasting a combined market capitalization of $2 trillion for these sectors by 2028. This growth is expected to drive Ethereum's transaction volume and total value locked (TVL) to new heights, supporting higher ETH prices.
Standard Chartered Sees Ethereum as Amazon of Crypto, Sets $40,000 Target by 2030
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