Standard Chartered Bank: Raises Year-End Ethereum Price Outlook to $7500
BlockBeats News, August 13th, Standard Chartered Bank on Wednesday raised its year-end price target for Ethereum from $4000 to $7500, citing improved industry participation in recent months and an increase in Ethereum holdings. This new price target represents a nearly 60% premium to Ethereum's over 3.5-year high of $4700 reached on Wednesday.
As the world's second-largest cryptocurrency, Ethereum has become the top choice for investors seeking higher returns. Unlike Bitcoin, which relies solely on price appreciation, Ethereum can be used for staking, where holders lock up tokens to support the Ethereum network and receive rewards. In the past four weeks, driven by the passage of the "Infrastructure Bill," Ethereum's price has surged over 50%. The bill aims to establish a regulatory framework for USD-backed stablecoins, with the market expecting this to increase their adoption and drive up the prices of crypto assets, including Ether.
Geoff Kendrick, Standard Chartered Bank's Head of Digital Asset Research, stated: "We expect that by the end of 2028, the stablecoin industry's scale will grow by around 8 times, which will have a significant direct impact on Ethereum network fees." Most stablecoins are issued and traded on the Ethereum blockchain, which has driven up the demand for Ethereum's gas fees. (Jinse)
You may also like

Former SpaceX engineer reconstructs the financial execution system using first principles

Why Is PAXG Price Different From Gold? 5 Reasons Crypto Traders Should Know

The cryptocurrency industry has entered the "Show Me" era: merely relying on vision is no longer enough

WEEX OpenAPI 101: 5 Powerful Modules, AI Trading Tools, and Grab Up to 70% Revenue Opportunities
Learn how WEEX OpenAPI connects traders, developers, AI agents, and trading platforms. Discover WEEX API features, Binance-compatible integration, automated trading workflows, revenue opportunities, and ecosystem possibilities.

Morning News | The draft amendment to the People's Bank of China Law aims to clarify the legal status of digital renminbi; South Korea will transfer about 40 unregistered virtual asset service providers to law enforcement agencies

Interpreting the Ethereum Foundation's new structure: Reaffirming self-sovereignty amid institutional trends

Interview with NDV Founder Jason Huang: Popping the AI Bubble and the Myth of Microstrategy, Seeking the Ultimate Ace in the Crypto Market

Morning Report | Former Ethereum Foundation researcher establishes Ethlabs; EU Parliament Economic Committee passes digital euro regulatory proposal

Dragonfly partner Haseeb: The fastest-growing companies in the future may all be stuck at 149 people

How xBubble Breaks the Deadlock in VC's Heavy Investment in the OPC Economy

The encrypted unicorn Blockstream is deeply embroiled in a serious fraud case

Morning Report | The South Korean Financial Services Commission plans to expand the regulatory sandbox to include virtual assets; the parent company of the New York Stock Exchange, ICE, has reached a partnership with OKX to jointly establish a cryptocu...

Exclusive Interview with Strategy CEO: Putting Aside the Sale of 32 BTC, the 60 Trillion AI Intelligence is the Ultimate Fate of Bitcoin

TRON revitalizes the image of the bull, creating a more approachable brand character

Will the STRC issuance price discussed with ChatGPT really fall into a death spiral?

The foundation retreats, Ethlabs steps forward: Ethereum welcomes its largest restructuring in history

NYSE Parent ICE and OKX Launch Joint Venture: What It Means for Tokenized Stocks
ICE and OKX have announced a joint venture focused on tokenized stocks, but stock futures are already live across crypto markets. Here's what the partnership means, how stock futures work, and why traders are paying attention.
How to Trade Apple and Nvidia on a Crypto Exchange in 2026 (Without Buying Shares)
Former SpaceX engineer reconstructs the financial execution system using first principles
Why Is PAXG Price Different From Gold? 5 Reasons Crypto Traders Should Know
The cryptocurrency industry has entered the "Show Me" era: merely relying on vision is no longer enough
WEEX OpenAPI 101: 5 Powerful Modules, AI Trading Tools, and Grab Up to 70% Revenue Opportunities
Learn how WEEX OpenAPI connects traders, developers, AI agents, and trading platforms. Discover WEEX API features, Binance-compatible integration, automated trading workflows, revenue opportunities, and ecosystem possibilities.
