Citi forecasts ether's year-end target at $4,300

FILE PHOTO: Representation of Ethereum, with its native cryptocurrency ether, is seen in this illustration taken November 29, 2021. REUTERS/Dado Ruvic/Illustration/File Photo

(Reuters) -Citigroup has set a year-end price target of $4,300 for ether, the world's second-largest cryptocurrency, citing investor demand and growing interest in ethereum-based use cases such as stablecoins and tokenization.

The Wall-Street brokerage's target is still below ether's record high of $4,955.14, which it hit last month.