As the cryptocurrency markets continue to experience a harsh bearish season, analysts at Standard Chartered, one of the world's major investment banks, have published a new report. Analysts who stated that Ether could reach the level of 8 thousand dollars by the end of 2026 stated that this figure could be 35 thousand dollars in the long term.
A report has come from the analysts of Standard Chartered bank, which has been much talked about with its 175 thousand dollar Bitcoin and 35 thousand dollar Ether price assessments made in recent periods, which will make a noise again.
December from 26 thousand to 35 thousand dollars…
The bank's analysts led by Geoffrey Kendrick stated in their report that #Ethereum could reach 8 thousand dollars by the end of 2026. The report also stated that in the long run, this price can be considered an initial level and the price can also reach a point between 26 thousand dollars and 35 thousand dollars December.
The report says that Ethereum's real-world usage areas have not yet been fully formed, but developments in gaming and tokenization will also accelerate this, and the price will rise in this way.
50 Thousand dollars forecast for this year in Bitcoin
Analysts have also made ambitious forecasts for the largest cryptocurrency Bitcoin. Analysts who stated that there will be a rise in the markets where the declines continue, predicted $ 50 thousand for Bitcoin this year and $ 120 thousand for the end of 2024. Analysts have claimed that the supply released with the Bitcoin halving will decrease, while price increases will increase the profitability of mining companies, and therefore sales from these companies will also decrease.
Geoffrey Kendrick also noted that miners are currently selling almost 100% of the Bitcoins they have, and said, "In the current environment, 100 percent of Bitcoins continue to be sold, but if the price reaches 50 thousand dollars, this rate will decrease to 20-30%.”
