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Gate Square New & Returning Creator Rewards are ongoing!
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Standard Chartered Bank believes Ethereum will outperform Bitcoin in the future
Standard Chartered Bank states that the outlook for Ethereum has improved and is expected to outperform Bitcoin. Although $BTC 's weak performance has dragged down the broader crypto market, institutional demand for $ETH and its dominant position in stablecoins, real-world assets, and decentralized finance support a stronger outlook.
Increased network throughput and potential regulatory clarity in the United States could provide further upside. The bank forecasts that Ethereum will reach $7,500 this year and hit $30,000 by 2029.