Ethereum and companies with ETH treasureries are being undervalued, says Standard Chartered

According to the entity in its most recent report, both Ethereum Like the companies that maintain Eth In their balances they would be undervalued, so there is a very pronounced growth margin for the coming years.

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• Treasury companies have acquired 2.6% of the supply of Eth Since June.
• The ETF al Cash added another 2.3% in the same period.
• Standard Chartered projects Eth in USD $ 7,500 at the end of the year and USD $ 25,000 in 2028.

The British firm Standard Chartered He reaffirmed his uprising vision this week Ethereum And the companies that make up this cryptocurrency in their balances, indicating that the digital currency follows “Cheap” at current levels.

Reading came to place in a report published this week by the entity, reviewed by The block, where the global digital asset research director, Geoffrey Kendrick, said so much Eth as the actions of these digital treasury companies (DAT, for its acronym in English) are quoted at very low cost.

Kendrick said that these companies have bought 2.6% of the total supply of Ether in circulation since June. In parallel, the quoted funds (ETF) in cash Eth They absorbed another 2.3% in the same period. This means that In less than three months, almost 5% of the entire supply has been acquired by this type of vehicles.

The phenomenon contributed to promoting Ethereum Towards a new historical maximum of USD $ 4,955 registered on August 24. At the time of editing, ETH remained around USD $ 4,563, according to market data.

Treasury companies and comparisons with Strategy

In his analysis, Kendrick emphasized that signatures like Sharplink Gaming (Sbet) and Bitmine Immersion (BMNR)active as treasury companies of Ethereum, are being valued below Strategy (MSTR), a company known for its strong position in Bitcoin.

The researcher said the difference lacks foundation, since companies linked to Eth They obtain additional 3% yield for staking, something that companies centered on BTC From your perspective, the value multiples of the treasury Ethereum They should reflect this advantage.

A relevant point in the report was the decision of Sharplink Gaming to announce that it will repurchase actions in case its multiple of net asset value (NAV) falls below 1.0. For Kendrick, this measure becomes a “Solid Floor” For the valuation of the company.

An attractive investment case

The manager of Standard Chartered He stressed that digital treasury companies of Ethereum They offer an even more solid investment case than the United States ETFs. He explained that the latter do not have the ability to participate in Stking processes or in decentralized finance applications (Defi), Unlike companies DAT.

In that sense, Bitmine Immersion has already expressed the ambition to capture up to 5% of the total supply of Eth In circulation, which reinforces the thesis that these vehicles could control up to 10% of the total, according to the bank’s projection.

Kendrick described the recent drop in the price of Eth as “A great entrance point” For investors. In addition, it maintains a goal of USD $ 7,500 by the end of 2025 and USD $ 25,000 around 2028.

Other Bank Perspectives

The optimistic vision of the strategist is not limited to Ethereum. Kendrick has also shared in recent weeks Bitcoin and other cryptocurrencies of great capitalization.

In August he raised his prognosis of Bitcoin A USD $ 135,000 for September 30, with a goal of USD $ 200,000 at the close of 2025 and half a million dollars in 2028.

It also provides that Binance Coin (BNB) USD range $ 2,775 in 2028, Avalanche (Avax) Reach USD $ 250 in 2029 and XRP USD $ 12.50 in 2028, provided that market conditions are favorable.

As for stable assets, it estimates that its adoption will continue to expand in an accelerated way. Its calculation is that the total capitalization of the Stablecoins market reaches USD $ 2 billion before finishing 2028, which would reinforce the global liquidity ecosystem of cryptocurrencies.

Written article with the help of an AI content editor, edited by Angel Di Matteo / Diariobitcoin

Original image of Diariobitcoin, created with artificial intelligence, for free use, licensed under public domain.

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