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Standard Chartered, a UK-based banking and financial services company, made interesting predictions about Ethereum. Geoff Kendrick, one of the company’s heads of research, expressed confidence in the approval of Spot Ethereum ETFs this week and offered an ambitious target for fund inflows.
Speaking to The Block, Geoff Kendrick, Head of Currency Research and Digital Assets Research at Standard Chartered Bank, said he is 80 percent to 90 percent confident that Ethereum ETFs will be approved this week.
Kendrick stated that he expects an inflow of $45 billion for the first year after the possible launch. He then also offered a positive outlook on the performance of these funds. He also believes that Ethereum could reach $8,000 by the end of 2024 if ETFs are approved.
Additionally, Kendrick pointed out the accuracy of Standard Chartered’s previous estimates. “As a percentage of market cap, it is similar to our inflow estimates for Bitcoin ETFs, and this has proven to be accurate,” he explained. In a detailed analysis note, Kendrick predicted that the approval of Spot Ether ETFs could enable Ethereum to keep pace with Bitcoin.
Amid growing optimism, open interest in Ethereum futures has reached an all-time high. At the time of writing, the Ethereum price has increased by 9 percent in the last day and 29 percent in the last week. With this increase, ETH reached the level of 3 thousand 742 dollars.
Investors are looking for coins that they can invest in and have high profits in the event of an ETH rally. According to the sponsored content sender, WienerAI (WAI) And 5thScape (5SCAPE) projects attract attention. WienerAI is claimed to be offering huge staking rewards every day during the pre-sale. 5thScape is introduced on its website as “The gateway to the biggest opportunity of the future”. This sponsored article includes details of the projects.
WienerAI (WAI) – Meme Coin Featured with Artificial Intelligence and Fun Dog Theme
According to the sponsored content poster, purchasing WienerAI tokens may appeal to those looking to make AI-powered investments. Powered by artificial intelligence, WienerAI claims that it can scan the market, collect data and analyze it in seconds. That’s why it is claimed to have attracted the attention of many investors.
Broadly speaking, WienerAI maps buying opportunities for crypto investors, according to its team. It uses artificial intelligence for this. The project, which appears as a buying/selling bot, aims to make a difference in the crypto world. It offers daily staking rewards to its users. It takes its name from cute sausage dogs and says it will offer a unique experience to its investors.
Additionally, it has a user-friendly interface that allows even first-time investors to use it easily. This can be helpful for new investors who don’t yet know how to navigate the crypto market. But WienerAI doesn’t just appeal to crypto novices. Experienced investors will also be able to quickly access investment recommendations thanks to artificial intelligence-supported algorithms. However, for any of this to be possible, the project must first complete its pre-sale.
Investors who want to participate in the presale can purchase the WAI token in exchange for ETH, BNB or USDT. Alternatively, they can use credit or debit cards. WAI token is sold at a price of $0.000709 per token. So far, it has managed to raise $2.5 million from its pre-sale.
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5thScape (5SCAPE) – The VR&AR Ecosystem Connecting the Smartest Minds
According to the sponsored content poster, purchasing 5SCAPE tokens can enable integration into VR&AR ecosystems and generate returns on them. After two months of consolidation, the cryptocurrency market has revived and the pre-sale of the new VR (virtual reality) project 5thScape exceeded $6 million. VR; It’s a fast-growing new field, led by industry giants like Oculus with Meta Quest 3 or Apple with Apple Vision Pro. 5SCAPE aims to gain a permanent place for itself in this field.
What’s really exciting about this project is that both VR and gaming could be emerging as rapidly growing areas that offer huge potential for new cryptocurrencies. According to Grand View Research, the compound annual growth rate (CAGR) of the VR market will be 26.9 percent between 2023 and 2030.
The report underlines that VR has penetrated not only the gaming and entertainment industry, but also, for example, the field of education. The 5thScape white paper also touches on this topic and states that education is another pillar of the ecosystem. Of course, the 5thScape game also looks promising for some investors.
Leading industry experts and publications have also taken note of the opportunities presented by 5thScape and believe that it is one of the most promising new crypto projects. Micheal Wrubel, a well-known YouTuber with more than 300 thousand subscribers, devoted two videos to the 5thScape presale. In his latest video, Wrubel listed several reasons why he’s positive about the future of the project, including hot industries and solid tokenomics.
Cryptocurrency commentator Crypto Boy is also bullish and claims that 5thScape could rise 100x after the IPO, but that is not certain.
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*This article is not investment advice! This is sponsored (advertising) content. Cryptocurrency investments are high risk investments, do your detailed research before making any transaction!
Source : WienerAI, 5thScape