Ethereum Could Reach Greater Heights Says British Bank
The UK’s Barclays bank is bullish on the future of Ethereum and believes that it could reach greater heights. They believe that this cryptocurrency will be a key player in the future, and they are investing heavily to create a blockchain-powered platform for their customers.
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The bank’s examiners are very optimistic about Ethereum, predicting that it will “catch up to BTC.” Ethereum is valued at “USD 26,000-35,000” in a study by Standard Chartered examiners, while Bitcoin is expected to maintain its upward trend.
BTC vs. ETH
Standard Chartered, a British bank, released the report of the financial services behemoth. The network’s value strategy is explained by an expert from “Ethereum Investor Guide.” While comparing two of the most popular cryptocurrencies with the Bitcoin network.
Kendrick, Christopher Graham, and Melissa Chan wrote a book based on their findings. They’ve stated a lot of things, including that Ethereum’s value might rise to $175,000. They are aware, however, that Ethereum’s price may not be extended. Until Bitcoin reaches a significant price, which they estimate to be about $175,000.
Sharding, eWASM, and the entire quantity of ether were also discussed by Standard Chartered. It also mentions that scaling Ethereum and the ETH 2.0 deployment is difficult. Standard Chartered’s research highlighted the next transition to Ethereum 2.0, in addition to NFTs, DAOs, DeFi, ICOs, and other applications.
The ‘regulatory environment’ and the ‘competitive landscape’ are also taken into account in the Standard Chartered research. In the realm of DeFi, NFTs, and decentralized apps, there are blockchains that compete with Ethereum.
Despite the fact that Ethereum has a wide range of applications, the bank cautioned that it may pose a greater danger than Bitcoin. Experts, on the other hand, are bullish on the ethereum crypto asset.