Ethereum (ETH), the world's second-largest cryptocurrency, could increase in value by more than five times by the end of 2026, according to Standard Chartered bank, in its latest cryptocurrency price appreciation forecast.

ETH could reach $8,000 in the next two years as it becomes more widely used in blockchain-based arrangements known as smart contracts, as well as in video games and the tokenization of traditional assets, wrote Geoff Kendrick, head of foreign exchange research at the bank.