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Jeffrey Kendrick: here’s why Ether could stage a rally this year
According to him, the network of the second-largest cryptocurrency by market capitalization — Ethereum — dominates the stablecoin, decentralized finance (DeFi), and tokenized real-world assets (RWA) sectors. More than 50% of all stablecoins and RWAs are already within the Ethereum ecosystem, and this share is expected to keep growing.
“Instead of the previously projected $12,000, Ether should still be able to reach $7,500 by the end of the year. The reason is the weak performance of Bitcoin, which is weighing on the broader crypto market. By 2030, Ether will surpass $40,000,” suggested Jeffrey Kendrick.
Transaction counts on the Ethereum network have also been rising in recent weeks, largely due to stablecoin activity, which now accounts for roughly 35–40% of all transfers. Historically, higher throughput has led to an increase in market capitalization, Kendrick noted.
A more favorable regulatory environment, along with the passage of the Clarity Act in the United States in the first quarter, could also support Ether’s price and drive capital inflows from large funds, concluded the Standard Chartered specialist.
Earlier, Santiment on-chain analyst Brian Quinlivan said that investor and retail trader sentiment toward the second-largest cryptocurrency currently resembles periods that were followed by rallies in the past.
See also: "U.S. SEC Chair: this week will be pivotal for the crypto industry"
