If you're looking for an optimistic take on the future trajectory of the crypto market, look no further than Standard Chartered (OTC: SCBFY). The bank's digital assets research team, led by Geoff Kendrick, has consistently set ultra-bullish price targets for the world's top cryptocurrencies.
If Standard Chartered is right, the following four cryptocurrencies could deliver huge gains during the next 12 to 18 months.
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Even amid a bear market for crypto, Standard Chartered has doubled down on its bullish price targets for Bitcoin (CRYPTO: BTC). It now thinks Bitcoin is headed to $100,000 by the end of 2026. Moreover, it is now predicting that Bitcoin could hit $200,000 in 2027 and a price of $500,000 in 2030.
Those staggering future gains are being powered by sharply rising rates of institutional adoption of Bitcoin. Simply put, Wall Street institutions are creating new investment products for Bitcoin, large institutional investors are adding Bitcoin to their portfolio mix, and companies are adding Bitcoin to their balance sheets as a treasury asset.
Ethereum (CRYPTO: ETH) could also be headed for major gains during the next 12 to 18 months. Currently trading just under $2,000, Ethereum could hit a price of $10,000 by the end of 2027, according to Standard Chartered. In May, the bank predicted Ethereum might eventually hit a price of $40,000 by 2030.
The investment thesis for Ethereum is based on its role as the top blockchain network for decentralized finance (DeFi). Ethereum has been at the forefront of the top trends in the DeFi sector, including the rise of stablecoins and the emergence of real-world asset (RWA) tokenization, which are tradeable crypto ownership representations of things like stocks and bonds.
Both of these segments of the DeFi sector are now growing at exponential rates, and Ethereum is well-positioned to take advantage of their rapid growth. It helps, too, that the White House has rallied behind Ethereum as a key player in the build-out of its crypto and blockchain ambitions.
Solana (CRYPTO: SOL) is a faster, cheaper version of Ethereum. That's the key to understanding why Standard Chartered has set such a lofty price target for it. The bank now thinks Solana could hit $265 by the end of 2027 and a price of $2,000 by 2030. Based on a current price of about $75, that's a hefty 2,500% gain within a relatively short period of time.
Source: Yahoo Finance Top News — This article was automatically imported from the source. Read full article at original source →
