Standard Chartered Report evaluates Ethereum structurally with $ 26,000 to $ 35,000 - Bitcoin News

A report published by the British Bank Standard Chartered shows that the company's analysts are optimistic about the crypto-asset Ethereum. The bank's analysts assume that Bitcoin could reach $ 175,000, and said: "Structurally 'evaluate' we Ethereum at $ 26,000 to 35,000".

British bank publishes "Ethereum Investor Guide" and formulates the economic arguments for Ethereum

The British multinational banking and financial services giant Standard chartered has published a report on the two leading cryptocurrencies. In fact, the report is called "Ethereum Investor Guide" and was written by Geoff Kendrick, Christopher Graham and Melissa Chan. The report goes into various factors, including "structural considerations" such as the "economic case for Ethereum".

The standard chartered Research report notes that " eth and btc share many properties ", but the Ethereum blockchain has things like smart contracts, decentralized autonomous organizations (DAOS), decentralized finances (defi), not fungible token (nft) assets and initial coin offers (ICO). Despite the countless applicable applications that Ethereum offers, the bank says that there could be a greater risk than at Bitcoin ( btc ).

"While potential returns can be higher for eth as for btc , risks are also higher, "said the three researchers from Standard Chartered.

Standard Chartered: Proof-of-Stake-Shift has "obvious environmental advantages"

In addition to the NFTS, Daos, Defi, ICOS and other applications, Standard Chartered's report emphasized the upcoming transition to Ethereum 2.0. "Change has obvious advantages for the environment," emphasized the Standard Chartered researchers. "Since it makes the need for excessive computer performance for 'mining' superfluous. The change from [proof-of-work (Pow)] to [Proof-of-Stake (POS)] is expected to be introduced gradually in the first half of 2022," said Kendrick, Graham and Chan.

Standard Chartered also discussed topics such as "Sharding", "From EVM to Ewasm" Ether. It is also pointed out that the scaling of Ethereum and the eth 2.0 rollout is a difficult task. " eth 2.0 is complex, emphasize the authors. “[And] a comprehensive upgrade to an already complex platform. The complexity is reinforced by the fact that both eth 1.0 and eth 2.0 run over a longer period of time, according to the researchers.

The standard chartered report also takes into account the "regulatory landscape" and the "competitive landscape". It mentions blockchains that compete with Ethereum in the world of defi, NFTS and decentralized applications (DAPPS). "Separate ecosystems already exist and can continue to challenge Ethereum in niche areas," emphasizes the report. In addition, the regulatory concerns in connection with Ethereum will differ greatly from those of Bitcoin, "said the Bank report.

What do you think of the standard chartered report via Ethereum and other competing networks? Let us know your opinion on this topic in the comments below.

Bedy verification : Shutterstock, Pixabay, Wiki Commons