TLDR
- Standard Chartered predicts Ethereum will reach $40,000 by 2030, surpassing Bitcoin in price growth.
- Bitcoin’s recent underperformance has negatively impacted the broader cryptocurrency market.
- Despite short-term challenges, Ethereum’s structural advantages will drive its long-term growth.
- Ethereum’s dominance in decentralized finance and scalability improvements support its positive outlook.
- The U.S. CLARITY Act could boost Ethereum by creating a regulatory framework for digital assets.
Standard Chartered has projected that Ethereum’s price could surge to $40,000 by 2030, surpassing Bitcoin. Despite a weaker performance across the cryptocurrency market, Ethereum has gained a favorable outlook. The bank expects Ethereum’s market performance to improve as it gradually outperforms Bitcoin.
Bitcoin’s Weaker Performance and Its Effect on the Crypto Market
Bitcoin has struggled recently, weighing down the broader cryptocurrency market. The digital asset has fluctuated between $90,000 and $93,000, responding to macroeconomic data and global events. Bitcoin’s current weakness has had a ripple effect, causing a downturn across the market.
However, Ethereum is expected to perform better in the long run. Standard Chartered has raised its longer-term outlook for Ethereum. The bank believes Ethereum will thrive despite the ongoing volatility surrounding Bitcoin.
According to Geoff Kendrick, head of digital assets research at Standard Chartered, Ethereum is positioned to outperform Bitcoin in the coming years.
He added, “Ethereum’s structural advantages will drive its growth as the market matures.”
He also pointed to the cryptocurrency’s potential growth in decentralized finance (DeFi) and its advancements in scalability.
Ethereum Price Set to Hit $40,000 by 2030
While Standard Chartered’s predictions for 2026 through 2028 have been revised downward, they remain positive. The bank expects Ethereum’s growth to be slow in the short term, primarily due to Bitcoin’s underperformance. Ethereum’s outlook will largely depend on how Bitcoin performs during this period.
Despite the short-term challenges, the bank is confident about Ethereum’s long-term prospects. The cryptocurrency’s scalability improvements and adoption in DeFi are expected to drive price growth. Standard Chartered forecasts that Ethereum could reach $40,000 by 2030, driven by its structural advantages.
Ethereum’s growth will be further supported by favorable regulations. The U.S. CLARITY Act, which aims to create a regulatory framework for digital assets, could boost Ethereum’s price. This proposed legislation could unlock the next phase of DeFi, benefiting Ethereum.
Ethereum’s position in the crypto market is strengthened by its dominance in decentralized finance and stablecoins. The Ethereum network’s efforts to scale its base layer are also contributing to its positive outlook. The bank believes Ethereum’s increasing layer-1 transaction capacity will lead to a larger market capitalization.
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