Standard Chartered has just issued a positive outlook for the digital assets space saying the market will hit $10 trillion by the end of 2026 – 4x from where it is now. According to the report, Bitcoin will be $200,000 and Ethereum will be over $10,000.
That’s up from Bitcoin’s current $76,500 and Ethereum’s $2,950. The bank is expecting a regulatory shift in the US driven by recent political developments.
“The next two years could mirror the price surges seen in 2021,” the bank noted. “Digital assets are likely to see both value increases and the emergence of new sectors, as real-world use cases become mainstream.”
Acts of Regulatory Reforms Under Trump’s Potential Return to Office
A key part of Standard Chartered’s forecast is Trump’s potential return to office. His campaign promises to lift the regulatory lid on crypto have got the markets excited.
Standard Chartered expects that the Trump administration with a Republican Congress could pass several crypto friendly regulations to support growth including:
Repealing SAB 121, allowing banks to safely custody crypto assets Introducing stablecoin legislation to foster broader adoption Halting the SEC’s crypto crackdown, providing clarity for digital assets Considering a U.S. Bitcoin reserve (though deemed unlikely)These anticipated measures could inject substantial momentum into the crypto sector. The bank underscores that regulatory clarity is vital to attracting institutional investment and accelerating the adoption of digital assets, which would create further upside potential.
Altcoin Growth and Real-World Use Cases: Solana’s Outperformance Expected
Standard Chartered’s forecast also points to a shifting dynamic within the digital assets ecosystem. While Bitcoin is projected to see substantial gains, the bank anticipates a drop in its market dominance from 60% to 40% by 2026, as real-world applications of altcoins gain traction.
Key sectors likely to fuel altcoin growth include:
Gaming: Blockchain-based games creating new revenue streams and user experiences Decentralized Infrastructure (DePIN): Networks supporting decentralized physical infrastructure Social Media on the Blockchain: On-chain social platforms offering user-driven experiencesThe bank highlights Solana as a top altcoin contender, expected to outperform both Bitcoin and Ethereum due to its versatility in supporting applications across these emerging use cases.
“Tokens with real-world utility are poised to capture more market share as adoption broadens,” Standard Chartered stated.
Key Takeaways
Bitcoin Projection: Expected to reach $200,000 by 2026, reflecting strong market confidence. Regulatory Shifts: Possible Trump administration reforms could unleash significant crypto growth. Altcoin Ascendancy: Altcoins with real-world applications, like Solana, positioned to outperform.Standard Chartered’s analysis offers a compelling case for the future of digital assets, highlighting regulatory shifts, market dynamics, and real-world applications as key catalysts. With Bitcoin and altcoins reaching new potential, investors are poised to witness a transformative phase for cryptocurrency.
Bitcoin Price Eyes $80,000 as Uptrend Faces Key Resistance at $77,800
Bitcoin is consolidating around $76,440 within a rising wedge pattern, hinting at potential exhaustion near $77,800, its immediate resistance level. Breaking above could target $80,350, but the wedge structure suggests caution.
The RSI sits at 60, reflecting moderate bullish momentum, while the 50-day EMA at $71,000 offers a robust support level, aligning with key Fibonacci retracement zones.
Immediate support lies at $75,400, with further levels at $73,600 and $72,150 if a downturn materializes. A break below these supports could signal a broader correction.
Overall, Bitcoin remains cautiously bullish, yet indicators point to possible near-term consolidation or a pullback if resistance levels aren’t cleared soon.
–
Crypto All-Stars Nears $3.2 Million in Presale with 494% Staking Rewards Ahead of Price Increase
As Bitcoin adoption continues to surge, Crypto All-Stars is making waves in the crypto space with its highly successful presale, nearing its target of $3,349,831.
With just over an hour remaining until the next price increase, the platform has already raised $3,190,878, offering investors a final chance to buy $STARS at the current rate of 1 $STARS = $0.0015494.
Crypto All-Stars is harnessing Bitcoin’s influence alongside popular meme coins to introduce innovative staking options, boasting an impressive 494% staking reward.
This approach positions it as an attractive alternative for meme coin enthusiasts and Bitcoin supporters looking to maximize returns.
Since its launch, Crypto All-Stars has drawn substantial attention with strategic token allocation aimed at sustainable growth. Investors can purchase $STARS using ETH, USDT, BNB, or by card, providing versatile options for early adopters.
If you’re a meme coin holder looking to maximize your investment, Crypto All-Stars offers a compelling alternative to Sun Wukong. Visit the website to purchase $STARS with ETH, USDT, BNB, or even by card.
Follow them on social media – X (Twitter) | Telegram to stay up-to-date on all their development plans.
Visit Crypto All-Stars
The post $200,000 Bitcoin? Standard Chartered’s Bullish Note Predicts $10 Trillion Crypto Market appeared first on Cryptonews.
