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Geoff Kendrick: Ethereum to $4,000 by Dec 31, 2024

Geoff Kendrick's prediction that Ethereum would reach $4,000 by December 31, 2024 came true. Ethereum closed at $4,066 on March 11, 2024, the first close at or above the target. Geoff Kendrick made the call on CoinDesk on October 11, 2023, when Ethereum was at $1,568. The target needed a 155% rise in one year and three months.

Updated

What was said

Photo of Geoff Kendrick
Geoff Kendrick

Global Head of Digital Assets Research, Standard Chartered

CoinDesk, Oct 11, 2023SourceArchive

15 predictions · 3 hit · 4 missed · 8 open

Photo: Cointelegraph, CC BY 3.0

In the shorter term, said Kendrick, the bitcoin [BTC] halving in April 2024 "should help lift all boats," and he sees ether hitting $4,000 by the end of next year.

Kendrick said the bitcoin halving in April 2024 should help lift all boats in the shorter term. More broadly, he argued that Ethereum's use shifting from NFTs and DeFi towards gaming and tokenization should add significant demand.

How we checked this

HitDeadline

Price when said
$1,568 closeprice data
Target
$4,000+155%
First close at target
$4,066price data

The prediction comes true if any daily close from Oct 11, 2023 to Dec 31, 2024, inclusive, is at or above $4,000. Prices are daily closes in UTC, not intraday highs.

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