Ethereum will have a very bullish year, according to a price prediction survey conducted by Finder. The average price that the second-ranking crypto asset by market capitalization will reach this year is around $ 45,000, according to cryptocurrency industry experts surveyed. The panel is also optimistic about Ethereum in the long term and expects a price of around $ 18,000 in 2025.
Experts are optimistic about Ethereum in the short term
Finder, a companion app for investing, has released its survey results on Ethereum price prediction, showing an optimistic sentiment for the present and future of Ethereum. 27 out of 42 experts who gave their opinion in the Finder survey expect Ethereum to be at $ 4,596 by December 31, 2021. Experts give different reasons for this opinion, but most of them are related to the optimistic outlook for the crypto market and the various changes the chain has vowed to address its scaling issues in the near future.
Allnodes CEO and founder Konstantin Boyko-Romanovsky, who was interviewed in the survey, gave a forecast price of $ 5,000 for the end of this year. In his opinion, the reason for this above-average forecast is the continuous development of Ethereum. He stated:
Upgrading to a deflationary type of asset, Level 2 networks, institutional acceptance, mass use, DeFi, and continuous development and growth of Dapps all contribute to the future price increase of Ethereum.
Ethereum has grown immensely over the past year with the advent of additional scaling networks like Arbitrum and Optimism. Ph.D. University of Saskatchewan candidate Ajay Shrestha says this is a very important thing for the currency. He stated:
The ETH community seems to be the most active of them all, and that certainly helps with continuous development along the way.
Also bullish in the long term
Most experts are also optimistic about Ethereum’s long-term performance. The average forecast of panel signals that Ethereum will hit in 2025 will reach $ 17,810. But there are still people who are far more optimistic about the future of crypto assets. Trade the Chain co-founder Ryan Gorman believes Ethereum will climb to $ 100,000 by December 2030. He emphasizes that:
DeFi projects and other applications that we haven’t even considered will continue to build on the Ethereum blockchain and grow rapidly. This, in turn, will result in ETH eventually overtaking Bitcoin as the most valuable crypto asset in the world.
In addition, 71% of the surveyed experts say that the move to proof-of-stake, which Ethereum plans for the future, will give it an advantage over other, proof-of-work-based cryptocurrencies such as Bitcoin.
What do you think of Finder’s Ethereum Price Predictions? Let us know in the comments section below.
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