Ethereum Price Prediction: ETH Slips 2% As Standard Chartered Says Ethereum Treasury Firms May Outperform Bitcoin Rivals
The Ethereum price tumbled 2% in the last 24 hours to trade at $4,512 as of 4.30 a.m. EST on a 6% decrease in trading volume to $31.87 billion. This dip comes as Standard Chartered says that Ethereum treasury firms may outperform their Bitcoin rivals. The Standard Chartered report said that Ethereum treasury firms have strong growth potential, supported by ongoing network upgrades that improve scalability and usability. It added that Ethereum and Solana treasury firms have an advantage over Bitcoin because they can offer staking rewards, and said that the Bitcoin treasury market is already saturated with some 90 competitors holding 150,000 BTC, six times more BTC than at the start of the year. “We think ETH and SOL DATs should be assigned higher mNAVs than BTC DATs due to staking yield,” it said. Tom Lee explains why you should buy a Ethereum Treasury company over just buying Ethereum pic.twitter.com/VqfNBkzYph — Tom Lee Tracker (Not actually Tom) (@TomLe...