Eth To Reach New Highs

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Eth To Reach New Highs

Ethereum (Eth) Has The Potential To Reach $10,000

According to analysts from Bidget, Ethereum (ETH) has the potential to reach $10K by the end of this year. Meanwhile, Standard Chartered believes that the coin will jump 10% from its current trading price.

There are a lot of valid reasons why Ethereum (ETH) could reach a high of $10K. For starters, institutional adoption of ETH is increasing.

Eth To Reach New Aths

If we look around, many nations are now adding the BTC to their balance sheets. So when the same thing happens for ETH, it will eventually reach a new ATH.

Around 1% of the ETH's circulating supply is being controlled by 11 companies. In fact, even Standard Chartered has a lot of ETHs in its holdings.

According to Standard Chartered, that number will change from 1% to around 10% in the coming time. So, once more, ETH is controlled by the companies; it will only push the prices higher.

Another positive change is from the BTCS, which has now switched from mining BTC towards ETH. If we look back, the company's stocks have been up by 600% in the last 3 years.

Switching to ETH has allowed the company to also become a key ETH holder. As of now, they have $270 million worth of ETH, and they remain bullish on the coin.

Overall, the ETH has managed to carve a competitive advantage in the market. Even today, ETH is sitting behind the BTC, which highlights its importance in the crypto space.

If we talk about valid use cases, ETH actually outperforms BTC on many different levels. Looking ahead, many big names are now also classifying the ETH as a valid reserve asset.

If you think about it, ETH has all the right reasons to become a reserve asset. If the BTC can pull that off with its high fees and slow speeds, why can't ETH do the same?

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