Reported 5 months ago
Standard Chartered's head of crypto research predicts Ethereum's price will double to $8,000 by the end of 2024, following potential approval of Ethereum-based ETFs by the SEC. The recent approval of a rule change for the first Ethereum ETFs in the U.S. has sparked investor enthusiasm, with Ethereum's price increasing by 23% and Bitcoin rising by 7%. Analysts expect this approval, combined with the Bitcoin halving, to drive price surges in both Bitcoin and Ethereum, with an estimated year-end target of $150,000 for Bitcoin. While the exact outcomes remain uncertain, a diversified portfolio approach is recommended for those considering crypto investments.
Source: YAHOO