Explore stories from Atlantic Canada.
A Local Culinary Adventure: inspired by Halifax's Seaport Market | SaltWire #cooking #cookingtipsLONDON - Ether, the second-largest cryptocurrency, may rise more than five-fold in value by the end of 2026, according to global bank Standard Chartered, its latest prediction of rocketing crypto prices.
Ether may hit $8,000 over the next two years as it becomes more widely used in blockchain-based covenants known as"smart contracts," as well as gaming and the"tokenisation" of traditional assets, StanChart Head of FX Research, West, Geoff Kendrick wrote.Assessing the value of cryptocurrencies is fraught with difficulty, as tokens such as ether or bitcoin that are not backed by traditional assets lack the gauges used to price stocks, bonds or currencies.
"We see the $8,000 level as a stepping stone to our long-term 'structural' valuation estimate of $26,000-$35,000," wrote Kendrick, who also heads the bank's digital assets research. "That valuation assumes future use cases and revenue streams that may not have emerged yet, although the real-world use cases of gaming and tokenisation should support their development."Ether has gained some 30% this year, though remains almost 70% below its all-time high of about $4,869, hit in Nov. 2021.
StanChart said in July that top crypto token bitcoin could reach $50,000 this year and $120,000 by the end of 2024. Bitcoin was last trading at around $27,275.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Crypto token ether could rise five-fold by end-2026, StanChart saysEther, the second-largest cryptocurrency, may rise more than five-fold in value by the end of 2026, according to global bank Standard Chartered, its latest...
Read more »
Global natural gas demand set for slower growth to 2026, IEA report saysThe IEA’s annual medium-term gas market outlook said global gas demand was on course to increase by an average of 1.6% a year from 2022 to 2026
Read more »
Ether Disappointment Has Bitcoin Gaining Crypto Market Share During Downturn - BNN BloombergEther is ceding ground to market bellwether Bitcoin with investors seeking refuge in the most widely-held digital asset while the recent downturn in crypto prices deepens.
Read more »
67 Comics That Explore The Absurdity Of Modern Society By Luke McGarryWe are pleased to introduce you to Luke McGarry, who creates unique and vibrant comics, which serve as a commentary on today's society.
Read more »
Canucks grant Garland's agent permission to explore tradesConor Garland's time with the Vanouver Canucks could be coming to an end. While Garland has been on the trade block before, TSN Hockey Insider Chris Johnston reports the team has now given his agent, Judd Moldaver, permission to work on a trade for the winger.
Read more »
Exclusive-Ukraine sounds out bondholders on debt restructuring, new financing -sourcesExplore stories from Atlantic Canada.
Read more »