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RECAP: ETHEREUM TO $8K?
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RECAP: ETHEREUM TO $8K?

How Ethereum hits $8K & Ripple Effect on BTC & SOL!

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InvestAnswers
Oct 19, 2023
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NUGGETS OF ALPHA

  • Standard and Chartered Bank believes ETH will be 5x in value by the end of 2026

  • ETH:BTC price fell through the 0.06 price level, now at 0.057

  • Connecting DeFi and real-world asset tokenization is a multi-trillion opportunity

  • If SOL reaches 10% of the ETH market cap with a forecast of $8,000 ETH, then it will experience a 969% ROI and reach a price of $231

  • Open interest in BTC perpetual futures contracts has increased the past 2 weeks

  • SAGE Labs on Solana flipped Polygon in daily transactions


Crypto Market Update:

  • The global crypto market cap is $1.05 trillion, with a 24-hour volume of $25.37 billion. 

  • The price of Bitcoin is $26,754, and BTC dominance is 49.9%.

  • The price of Ethereum is $1,543.56, and ETH market dominance is 17.8%.

  • The Crypto Fear & Greed Index is currently Fear (44).  


Today, we're diving into a narrative about Standard & Chartered, a trillion-dollar banking giant, and their intriguing report predicting Ethereum might soar to $8,000. I'll unpack their valuation method, guide you through their analysis, and shed light on potential implications for assets like Solana and Bitcoin.


CryptoCon put together this helpful fractal chart to help see the

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