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standard chartered says ethereum treasury companies are undervalued, predicts $7,500 by year end… institutions buying up eth like it’s candy,
wait… $ETH going to $7,500?? 🚀 r we all gonna be rich like next week or what?! 😱
lmfao Stanchart’s calling ETH treasury companies undervalued and predicting $7,500 ETH EOY?! Institutions are snatching up ETH
Standard Chartered stated that Ethereum (ETH) and companies holding it in treasury remain undervalued despite ETH reaching a record $4,955 on August 25. Geoffrey Kendrick, the bank’s cryptocurrency research head, noted that cash companies and funds acquired almost 5% of circulating Ethereum since June. This rapid accumulation signals the growing role of institutions in crypto markets. Kendrick predicts Ethereum could surge to $7,500 by year-end, seeing the recent dip as an entry opportunity for investors. Discounted evaluations of ETH holding firms like Sharplink and Bitmin are deemed unjustified. Sbet’s plan to buy shares if its NAV falls below 1.0 is seen as a stabilizing factor. 📈🔍
https://altcoin.observer/stanchart-says-that-ethereum-treasury-companies-are-undervalued-revises-eth-forecasts-at-7500-by-the-end-of-the-year/
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