An expert panel from the crypto industry has forecast that the price of Ethereum will hit $5,783 in 2018, before increasing to $11,764 and $23,372 respectively by 2030. The majority of experts are positive on ether with 61% saying it is time to invest and 32% saying that you should hold onto your ether.
Industry experts share their Ether Forecasts
The price comparison website Finder has updated its predictions for ether’s future (ETH) prices with the latest quarterly survey. The firm uses weekly and quarterly surveys to measure expert predictions about the price of ether in the future. The latest quarterly survey, conducted in April, “asks a panel of 36 industry experts for their thoughts on how ethereum will perform over the next decade,” Finder described.
According to the expert panel, ETH will be worth $5783 by 2022. ETH traded at $2816, down 3.6% during the previous seven days and 18.3% within the last 30 days.
Citing the expert panel’s predictions, Finder detailed:
Ethereum will jump from its current price of US$2,810 to US$5,783 by the end of 2022 … the price is expected to continue to rise going forward, hitting $11,764 by 2025 and $23,372 by 2030.
“Compared to the results of the previous survey conducted in late 2021, our panel is now far more bearish on Ethereum long-term future, which may have a lot to do with its dip in value between now and the previous survey,” the company noted. “In January 2022 the panel had given an average prediction of $6,500 for the end of this year, 12% higher than their new prediction of $5,783.”
Keegan Francis, Finder’s global cryptocurrency editor, commented:
Ethereum’s journey is in a very uncertain stage at this point. It currently loses Defi [decentralized finance]Market share relative to competitors
“Until Ethereum upgrades its systems and fulfills its promises to scale, I do not have long-term confidence in the network. That being said, I still think people will buy the token out of hype/promise/potential,” he added.
Joseph Raczynski, technologist and futurist at Thomson Reuters, opined: “The Merge, an upgrade to Ethereum, should happen this summer. The token could see an explosion from this. For years, people have waited for it. It will be much more secure and 99% more efficient in terms of energy consumption, as well as deflationary. If that isn’t the trifecta of potential, as a leading blockchain, I don’t know what would be.”
When asked whether it was time to sell, buy or hold, 61% answered that now was the right time, while 32% stated you should wait. Only 6 percent said it is time to buy.
Co-founder of Coinmama and the COO of Okcoin are the experts.
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