More

    Ethereum to Reach $20,000 by 2025? Factors Behind The Bold Call

    Ethereum could reach $20,000 by 2025 according to a Finder’s panel.
    Ethereum has since been gaining momentum, starting out at $1,000 at the beginning of the year and reaching an all time high of $4,196.63, according to Coin Metrics. Before losing steam and dropping down to its current price at $2,400. Clocking an average growth rate of 197.4% in 2021.
    This massive run has given the coin a lot of popularity. Ethereum currently ranks as the second most popular coin behind Bitcoin.
    Related Reading | Billionaire Tim Draper: Bitcoin Will Reach $250,000 By The End Of 2022
    With so much support pouring out for the coin, investors in the coin have been very bullish on it. Lots of analysts believe that Ethereum is poised to overtake Bitcoin as the most popular coin in the market. So much technological advancements are being carried out on the blockchain that its use cases seem to be endless.
    Impact Of DeFi and NFTs
    The growing popularity of decentralized finance (DeFi) and NFTs have helped to push the popularity of Ethereum. Giving it more use cases that benefits the investors in the coin.
    About 70 percent of the panel agreed that with DeFi and NFTs, Ethereum now has more use cases than Bitcoin.
    John Hawkins, senior lecturer at the University of Canberra, went against the grain to say more use cases would not necessarily benefit the coin. He expanded on this by saying that Ethereum will most likely get dragged down with Bitcoin. Despite having more use cases.

    Ethereum price sits below $2,5000 | Source: ETHUSD on TradingView.com
    With staking and yield farming with DeFi, investors have found another way to put their investments to work, while at the same time benefiting the network.
    With Ethereum 2.0 on the horizon, developers are looking to replace the existing Ethereum blockchain with a new one. This will help to solve the current bottlenecks of the network. It will also increase the number of transactions being made on the network. Hopefully helping to reduce the exorbitant fees being charged for transactions when network traffic is high.
    Ethereum Predictions By Finder’s Panelists
    The Finder’s panel consisted of a number of prominent panelists. Present were Dr. Iwa Salami from the University of East London. COO of BitBull Capital, Sarah Bergstrand. Vishal Shah, CEO of Alpha5. Head Economist at ConsenSys, Lex Sokolin. Amongst others.
    A good number of the panel seemed to agree that while the coin might not have much further to run this year, the next four years is going to see a massive run.
    CEO Vishal Shah was on the more conservative side. He predicted that the coin would not be worth much more than it is now. Putting it at just $4,000 by 2025. Shah believes that Ethereum will continue to perform. But that the unlimited supply of the coin is a demerit to it. He also added that Ethereum was in a race with other protocols for the its usability profile. And that there are other faster and cheaper chains that will rival the coin in the future.
    Related Reading | TA: Ethereum Price Holds Strong, Why Dips Remain Limited Below $1,850
    Others did not see this as a befitting forecast. Citing the upgrades being done on the network, Sarah Bergstrand, Chief Operations Officer at BitBull, gave a price prediction of $100,000 per ETH by the end of 2025. A staggering forecast.
    She believes that mass adoption of Bitcoin will be followed by mass adoption of Ethereum. Also that the upgrades being carried out on the network will help to push the price higher.
    Dr. Paul Ennis put his prediction at $10,000 by the end of 2025. Stating that Ethereum is currently undervalued.
    Dr. Salami went on to give the coin a $20,000 forecast by 2025.
    This brought the average of the panel’s predictions to $19,842 per ETH by 2025.
    Featured image from Blockchain News, chart from TradingView.com

    Related articles

    Comments

    LEAVE A REPLY

    Please enter your comment!
    Please enter your name here

    Share article

    Latest articles

    Newsletter

    Subscribe to stay updated.

    bitcoin
    Bitcoin (BTC) $ 41,337.00
    ethereum
    Ethereum (ETH) $ 2,449.69
    tether
    Tether (USDT) $ 1.00
    binance-coin
    Binance Coin (BNB) $ 328.40
    cardano
    Cardano (ADA) $ 1.30
    xrp
    XRP (XRP) $ 0.745295
    dogecoin
    Dogecoin (DOGE) $ 0.211147
    usd-coin
    USD Coin (USDC) $ 0.998949
    polkadot
    Polkadot (DOT) $ 16.26
    binance-usd
    Binance USD (BUSD) $ 0.999331
    uniswap
    Uniswap (UNI) $ 21.14
    bitcoin-cash
    Bitcoin Cash (BCH) $ 541.02
    chainlink
    Chainlink (LINK) $ 21.60
    litecoin
    Litecoin (LTC) $ 142.70
    solana
    Solana (SOL) $ 33.87
    wrapped-bitcoin
    Wrapped Bitcoin (WBTC) $ 41,332.00
    matic-network
    Polygon (MATIC) $ 1.04
    stellar
    Stellar (XLM) $ 0.278519
    ethereum-classic
    Ethereum Classic (ETC) $ 50.52
    theta-token
    Theta Network (THETA) $ 6.13
    internet-computer
    Internet Computer (ICP) $ 41.96
    vechain
    VeChain (VET) $ 0.087593
    dai
    Dai (DAI) $ 1.00
    compound-usd-coin
    cUSDC (CUSDC) $ 0.022078
    okb
    OKB (OKB) $ 18.30
    filecoin
    Filecoin (FIL) $ 51.18
    tron
    TRON (TRX) $ 0.063843
    cdai
    cDAI (CDAI) $ 0.021545
    terra-luna
    Terra (LUNA) $ 10.65
    monero
    Monero (XMR) $ 236.85
    aave
    Aave (AAVE) $ 315.83
    eos
    EOS (EOS) $ 4.06
    compound-ether
    cETH (CETH) $ 49.13
    ftx-token
    FTX Token (FTT) $ 34.39
    amp-token
    Amp (AMP) $ 0.073249
    cosmos
    Cosmos (ATOM) $ 12.60
    neo
    NEO (NEO) $ 46.14
    crypto-com-chain
    Crypto.com Coin (CRO) $ 0.127506
    pancakeswap-token
    PancakeSwap (CAKE) $ 15.68
    shiba-inu
    Shiba Inu (SHIB) $ 0.000006
    the-graph
    The Graph (GRT) $ 0.614711
    leo-token
    LEO Token (LEO) $ 3.03
    algorand
    Algorand (ALGO) $ 0.843044
    bitcoin-sv
    Bitcoin SV (BSV) $ 139.64
    maker
    Maker (MKR) $ 2,906.48
    celsius-degree-token
    Celsius Network (CEL) $ 6.16
    klay-token
    Klaytn (KLAY) $ 1.04
    tezos
    Tezos (XTZ) $ 3.02
    iota
    IOTA (MIOTA) $ 0.862033
    axie-infinity
    Axie Infinity (AXS) $ 42.95