Standard Chartered Bank: Ethereum and Ethereum Reserve are currently undervalued

Kendrick noted that the Ethereum Reserve Company has secured 2.6% of the circulating Ethereum supply, contributing to a total inflow of 4.9%. He anticipates that the company will eventually hold 10% of the supply, adjusting the overall valuations of related firms.

Despite recent price drops, Kendrick’s forecast remains optimistic. He underscores that the current fluctuations present favorable buying opportunities, and with SBET’s share repurchase plan, a solid valuation foundation is being established.