According to a survey by comparison site Finder.com, 46% believe ethereum has been undervalued since The Merge. With less than three months left in 2022, Finder’s panelists predict that ethereum will drop as low as $963 per unit this year, and they also expect ethereum to end the year at $1,377 per unit.
46% of Finder’s Experts Think Ethereum Is Undervalued, While 31% Think the Price Is Fair
Finder.com published a new forecast survey on October 11th, 2022. It discusses ethereum, which is the second most popular crypto asset. Bitcoin.com News reported on Finder’s last ether prediction poll which said ether’s value could bottom out at $675 per coin by the year’s end. The latest ethereum Finder’s survey leverages 55 fintech and crypto experts who predict a different outcome regarding ether’s future value.
For instance, 46% of the latest survey’s panelists believe ETH is undervalued but will drop as low as $963 per unit this year. Panelists believe that ether will be worth $1,377 an unit by 2022, after it reaches $963. 31% of the surveyed experts think ethereum is currently fairly priced and 23% of Finder’s panelists think ETH is overpriced. Experts predict that ETH will reach $5,154 per ether by 2025. By 2030, they expect ETH to be at $11,727.
Joseph Raczynski (technologist at Thomson Reuters and futurist) predicts that ETH will be worth $1,700 in 2022.
“[Ethereum]While Ethereum’s value has dropped, it is still more secure and highly valuable than ever. The narrative is also way better on the environmental impact, reducing electricity consumption by over 99%,” Raczynski remarked in Finder’s latest ether prediction study.
Yves Longchamp, SEBA Bank’s head of research is among the 31% panelists who believe ether is reasonably priced right now. “The Ethereum ecosystem is undergoing a series of upgrades,” Longchamp wrote. “All are intended to lead the Ethereum network to greater scalability, transaction speed, and cost efficiency. Once complete, The Merge will set up Ethereum to be a global settlement layer, fit for building powerful decentralized applications.”
Panelists: While Ethereum won points from bureaucrats as well as environmentalists, they were a trade-off for less decentralization
Boston Trading Co. CFO Jeremy Britton detailed during the survey that even though Ethereum has won points with governments and environmentalists, the protocol “lacks the decentralization for which crypto was intended.” Tommy Honan, the head of strategic partnerships at Swyftx has a similar opinion. Honan claims that there is a problem with the ETH network’s validation concentration. This can be a disadvantage for bitcoin (BTC).
“Early statistics on concentration of staking validators is quite concerning, given 5 or so based in the U.S. account for around 64% of staked ETH globally,” Honan explained. “Although I believe this will level out over time, it means The Merge event has further contributed to the centralisation of Ethereum, another card for the Bitcoin maximalists to hold over its closest rival.”
56% of Finder’s panelists, however, do not think the blockchain will ever be “monopolized by a single player,” and 22% think that it’s likely a single player could monopolize the ETH network. 22% responded that they are “unsure” about whether or not ETH will be ruled by centralized entities in the future.
What do you think about the recent Finder’s prediction study concerning the second leading crypto asset ethereum? Comment below and let us know how you feel about the subject.
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