Solana Could Hit $275 by Year-End, $500 by 2029-End: Standard Chartered
The bank said it expects solana to underperform ether over the next two to three years, in a report initiating coverage of the cryptocurrency.
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Standard Chartered Bank
The bank said it expects solana to underperform ether over the next two to three years, in a report initiating coverage of the cryptocurrency.
Spot bitcoin ETF net inflows totaled over $4 billion in the last three weeks, when adjusted for hedge fund basis trades, the bank said.
The bank’s analysts remained bullish on bitcoin and crypto in general no matter who wins the presidency in November.
Mox, a virtual bank subsidiary of Standard Chartered, has started offering bitcoin and ether exchange-traded funds to its clients shortly after launching an investment platform in Hong Kong.
In March, the HKMA started a regulatory sandbox to give potential stablecoin issuers immunity in testing certain operations.
JPMorgan says the Deleveraging event is over (Shutterstock)
Upcoming consumer price index and labor market data releases in the next few days could be key for what’s next for bitcoin’s price.
The British bank predicts that the SEC will eventually treat spot ether ETF applications similarly to bitcoin ETFs, putting May 23 as the expected date for an approval.
Standard Chartered (Shutterstock)
The bank previously said it expected the cryptocurrency to reach $100,000 by then.