Standard Chartered, agreeing that Ethereum will receive the green light for spot ETFs soon, has updated its price target for the leading altcoin. Geoff Kendrick, Standard Chartered’s Head of FX Research and Digital Assets Research, believes ETH could peak at $8,000 by the end of the year.
According to Geoff Kendrick, spot Ethereum ETFs will drive inflows of $15 billion to $45 billion within the first 12 months. This inflow of capital is what is expected to be the driving force behind the next major move in the crypto market.
The top cryptos too buy for bigger returns than Ethereum
Ethereum undoubtedly could play a massive role in this year’s crypto winter, but there are other cryptos that are set to record bigger gains. Based on the predictions from top experts, KangaMoon, Chainlink, VeChain, Dogecoin, and Chiliz are some of the best cryptos to buy for more profits than Ethereum. Let’s find out why.
Unique new protocol, KangaMoon (KANG), to Hit $1 this bull cycle
KangaMoon (KANG), the presale sensation of 2024, is one of the top altcoins predicted to shine in this altcoin season. The KangaMoon community has quickly grown to over 32,000, and over $7 million has been raised to create the most community-centric project.
The aim of the project is simple: building and rewarding a lively community of people with similar interests in crypto games, meme culture, and engagements. Social-Fi, a new protocol, will power KangaMoon to reward users based on their level of engagement.
KangaMoon has also partnered with