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Experts Predict Ethereum to Double in Price by the End of 2022

Ethereum (ETH) had a very successful run in late 2021, but ETH is yet to see any significant breakthrough this year. The 2nd most established cryptocurrency had reached an all-time high above $4,800 on November 10th, 2021, but fell short of its $5K expectations having plummted to trade at $2,808.08 as of this writing. However, experts at Finder have expressed a positive outlook for ETH’s future.

Ethereum May Still be in the Early Stages of Growth

According to Finder’s panel, which consists of 36 crypto industry specialists, Ethereum (ETH) is likely to hit the $5,783 mark by the end of the year. However, these estimates for Ethereum are notably more cautious than they was 4 months ago, when the same industry experts predicted Ethereum to be worth $6.500 by the end of 2022. This change is mostly attributed to the asset’s slow start to the first quarter of the year.

ETH Could Grow 10x Within 10 Years

The Finder panel also predicts a consistent rise in the price of ETH in longer terms. It is projected that ETH will hit $11,764 by 2025, and as much as $23,372 by 2030. According to this prediction, Ethereum is likely to be worth 10 times its current price 10 years from now.

Upcoming Updates Could Be the Key to Success

Although not everyone is of the same opinion, Lex Sokolin, head economist of ‘ConsenSys’ shared a favorable prediction for Ethereum. He pictures the leading Altcoin hitting the $12,000 mark by the end of the year, and this is likely due to a forthcoming ideological shift.

Β One explanation for these bright prospects could be Ethereum’s transition to becoming a more an eco-friendly cryptocurrency. Ethereum decided to adopt a Proof of Stake model, which is viewed favorably by most international businesses. Furthermore, the Ethereum ‘Merge’ will enable network users to make thousands of transactions per second and will reduce transaction fees, making Ethereum easier to use for everyday financial activities.

Some Experts Don’t See Ethereum Thriving in the Future

In contrast to Finder’s panel, John Hawkins, a senior lecturer at the University of Canberra, anticipates that Ethereum (ETH) will fall short of expectations this year, and expects ETH to not be worth more than $2,000 per unit when 2022 wraps up. Hawkins further forecasts that Ethereum will dramatically drop to as little as $100 by 2030.

For now, Ether seems to exhibit similar tendencies to the market’s most popular cryptocurrency – Bitcoin. Both ETH and BTC rose in value by approximately 2% over the last week.

This article is for information purposes only and should not be considered trading or investment advice. Nothing herein shall be construed to be financial legal or tax advice. Trading Forex, cryptocurrencies, and CFDs poses a considerable risk of loss

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Author

Tadas Klimasevskis is a blockchain journalist and content creator, focusing on the latest tendencies of the crypto world and digging deeper into specific innovations like music NFTs, gaming NFTs and Metaverse. Vast experience in social media lets Tadas quickly spot what’s going on in the crypto industry and deliver a story with a unique spin.