Standard Chartered lifts year-end ether forecast to $7,500

From finance.yahoo.com

Standard Chartered raised its year-end target for ether to $7,500 from $4,000 on Wednesday, citing improvement in industry engagement and uptick in holdings of the cryptocurrency in recent months. The brokerage's new year-end target represents a premium of near 60% from ether's more than 3-1/2 year high of $4,700 on Wednesday. The world's second largest cryptocurrency has become the token of choice for those looking for more active returns. Unlike bitcoin, which solely relies on price appreciation, ether can be used in staking, a practice where holders lock up their tokens to support the ethereum network in exchange ... (full story)