{"id":11848,"date":"2021-09-07T19:54:05","date_gmt":"2021-09-07T19:54:05","guid":{"rendered":"https:\/\/www.buyucoin.com\/crypto-labs\/standard-chartered-report-structurally-values-ethereum-at-26k-to-35k\/"},"modified":"2021-09-07T19:54:05","modified_gmt":"2021-09-07T19:54:05","slug":"standard-chartered-report-structurally-values-ethereum-at-26k-to-35k","status":"publish","type":"post","link":"https:\/\/www.buyucoin.com\/crypto-labs\/standard-chartered-report-structurally-values-ethereum-at-26k-to-35k\/","title":{"rendered":"Standard Chartered Report Structurally Values Ethereum at \u2018$26K to $35K\u2019"},"content":{"rendered":"

A report published by the British bank Standard Chartered indicates the company\u2019s analysts are bullish about the crypto asset ethereum. The bank\u2019s analysts think that bitcoin could reach $175K and said \u201cstructurally, we \u2018value\u2019 ethereum at $26,000-$35,000.\u201d <\/strong><\/p>\n

British Bank Publishes \u2018Ethereum Investor Guide,\u2019 Formulates the Economic Case for Ethereum\u2019<\/h2>\n

The British multinational banking and financial services giant Standard Chartered<\/a> has published a report on the two leading cryptocurrencies. In fact, the report is called the \u201cEthereum Investor Guide\u201d and was written by Geoff Kendrick, Christopher Graham, and Melissa Chan. The report goes into various factors including \u201cstructural considerations\u201d like what the \u201ceconomic case is for Ethereum.\u201d<\/p>\n

The Standard Chartered research report<\/a> notes that \u201cETH<\/a> and BTC<\/a> share many characteristics,\u201d but the Ethereum blockchain has things like smart contracts, decentralized autonomous organizations (DAOs), decentralized finance (defi), non-fungible token (NFT) assets, and initial coin offerings (ICOs). Despite the myriad of applicable use cases Ethereum offers, the bank does say there could be a greater risk than it would be with bitcoin (BTC<\/a>).<\/p>\n

\u201cWhile potential returns may be greater for ETH<\/a> than for BTC<\/a>, risks are also higher,\u201d the three Standard Chartered researchers said.<\/p>\n

<\/p>\n

Standard Chartered: Proof-of-Stake Shift Has \u2018Obvious Environmental Advantages\u2019<\/h2>\n

In addition to the NFTs, DAOs, defi, ICOs, and other applications, Standard Chartered\u2019s report highlighted the upcoming Ethereum 2.0 transition. \u201cThe shift has obvious environmental advantages,\u201d Standard Chartered\u2019s researchers stressed. \u201cAs it removes the need for excessive computer power to be used in \u2018mining.\u2019 The switch from [proof-of-work (PoW)] to [proof-of-stake (PoS)] is expected to be gradually phased in during H1 2022,\u201d Kendrick, Graham, and Chan said.<\/p>\n

Standard Chartered <\/a>also discussed subjects like \u201csharding,\u201d \u201cfrom EVM to eWASM,\u201d and the overall supply of ether. It also notes that scaling Ethereum and the ETH<\/a> 2.0 rollout is a difficult task. \u201cETH<\/a> 2.0 is complex,\u201d the writers insist. \u201c[And] a comprehensive upgrade to an already complex platform. The complexity is compounded by the fact that both ETH<\/a> 1.0 and ETH<\/a> 2.0 are running in parallel for a protracted period,\u201d the researchers state.<\/p>\n

The Standard Chartered report also takes into consideration the \u201cregulatory landscape,\u201d and \u201ccompetitive landscape.\u201d It mentions blockchains that are competing with Ethereum in the world of defi, NFTs, and decentralized applications (dapps). \u201cSeparate ecosystems already exist and may continue to challenge Ethereum in niche areas,\u201d the report emphasizes. Moreover, \u201cregulatory concerns related to Ethereum will be very different to those than Bitcoin,\u201d the bank\u2019s report concludes.<\/p>\n

What do you think about the Standard Chartered report about Ethereum and other competing networks? Let us know what you think about this subject in the comments section below. <\/strong><\/em><\/p>\n

Bitcoin News
\nNews, Bitcoin, blockchains, Christopher Graham, competitive landscape, DAOs, DeFi, Ethereum, Ethereum Network, Geoff Kendrick, ICOs, Melissa Chan, NFTs, regulatory landscape, Researchers, Smart Contracts, Standard Chartered, Standard Chartered ETH, Standard Chartered ether, Standard Chartered Ethereum, Standard Chartered report<\/p>\n","protected":false},"excerpt":{"rendered":"

A report published by the British bank Standard Chartered indicates the company\u2019s analysts are bullish about the crypto asset ethereum. The bank\u2019s analysts think that bitcoin could reach $175K and said \u201cstructurally, we \u2018value\u2019 ethereum at $26,000-$35,000.\u201d British Bank Publishes \u2018Ethereum Investor Guide,\u2019 Formulates the Economic Case for Ethereum\u2019 The British multinational banking and financial…<\/p>\n","protected":false},"author":0,"featured_media":11849,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[53,3],"tags":[],"class_list":["post-11848","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain-news","category-coin-news"],"_links":{"self":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts\/11848"}],"collection":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/comments?post=11848"}],"version-history":[{"count":0,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts\/11848\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/media\/11849"}],"wp:attachment":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/media?parent=11848"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/categories?post=11848"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/tags?post=11848"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}