Experts have predicted how much Ethereum will be worth by year’s end 2024
$In the wake of reports that the regulator might greenlight the creation of ETFs based on Ethereum, the price of the leading altcoin jumped more than 18% in just one day.
Simultaneously, experts also hinted at a less than ideal situation. The applications’ rejection, which is by no means certain, might cause Ethereum’s price to plummet below the psychologically significant $3,000 mark.
This week, Ethereum-based spot ETFs are expected to be approved, according to Standard Chartered (LON:STAN). In the first year, experts predict that these funds will receive $15-45 billion (2-9 million ETH) in capital. Here, the asset rate will rise to $8,000, with Bitcoin trading at $150,000, due to demand from funds.
The analysts at the bank have made a daring prediction: if market dynamics are positive, the price of Ethereum will reach $14,000 in 2025, and the rate of Bitcoin will rise to $200,000.