Standard Chartered Forecasts That Ethereum Prices Can Reach Usd 35,000, Catch Up With Bitcoin Capitalization

The British bank giant forecasts that the price of Ethereum can increase by 10 times compared to the current level, the total market capitalization will catch up to Bitcoin.may here, Standard Chartered released the first report on electronic money, press Strong market capitalization of Ethereum is catching up with Bitcoin. Specifically, the British bank giant said the price of Ethereum was at USD 26,000 - 35,000 USD, while Bitcoin prices would be within 50,000 USD - 175,000 USD. However, the team also said that Ethereum achieved the maximum value, first Bitcoin should be traded at $ 175,000. The report showed that the cross exchange rate between Ethereum and Bitcoin doubled to 0

.161. With this level, Standard Chartered believes that the total market capitalization of Ethereum will catch up with Bitcoin over time. According to Coinmarketcap, Bitcoin is currently trading at about $ 48,000 and Ethereum at about 3,500 USD
Thus, according to the research team's forecast, Bitcoin will increase by more than 3 times and Ethereum is 10 times higher than the current level. ETH price variable. (Source: Fxempire). "Ethereum is like a financial market, in which transactions such as lending, insurance and exchange can operate. On the other hand, Bitcoin is almost like a currency, "Standard Chartered's global team said. The bank also highlights the upcoming Ethereum 2.0 transition as a beneficial factor for this kind of increase Expanding, reducing environmental concerns and reducing net supply.stand Chartered said: "With these factors, Standard Chartered said that Ethereum is worth investing in the medium term compared to Bitcoin". Xuan Khanh - CTO Technology Joint Stock Company

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