Ether To Touch $6K By Dec End: StanC’s Geoffrey Kendrick
By Manoj Dharra
Geoffrey Kendrick, Head of Research at Standard Chartered, in EXCLUSIVE INTERVIEW with 3.0 Tv said that Ethereum’s price has a potential to soar at unprecedented level reaching $6,000 by the end of 2024 and may hit $12,000 by 2025.
“It is very likely the relative price, that is the ratio of the ether to BTC, will continue to trade around the 5.5-6 % mark. If we (Bitcoin) get to $100,000 this year (Dec 2024) in BTC that will take you to $6,000 in ETH, next year it could be perhaps as high as $12,000”.
In conversion with the 3.0tv, Kendrick listed numerous reasons that he believes could help ether set a new record. The upcoming Dencun upgrade poised to elevate Ethereum, as it will reduce costs, thus attracting bullish market trends.
Kendrick also highlighted the majority of trading activity already happening on the Ethereum network, and added that the integration of tokenized bonds, real estate and even the gaming industry applications has a potential to revolutionize traditional sectors.
“Next year will also likely start to see real world use cases come through, on ETH side for the first time, most trading happens on ETH network. The first two industries that will be out in the real world space that will see some tokenization. I suspect that continues. That’s tokenized bonds, real estate etc and we are also likely to get the gaming industry via the games that our kids play at home like minecraft and all soughts of games also migrate on to ETH network. Once we get proof that it can disrupt the real world industry, I suspect that’s when Ethereum starts to take over”.
He also expects ETH vs BTC price, in the medium term, can head back 7 or 8 percent.
As Ethereum demonstrates its potential to disrupt real-world industries, the path to new price highs becomes increasingly clear. Watch the video for more details ….
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