Ethereum Price Forecast: $7,609 in 2022, $26,338 in 2030
Ethereum Price Forcast: This year, Ethereum (ETH) is anticipated to reach $7,609, according to a panel of 33 fintech, cryptocurrency, and NFT experts.
According to the recent Ethereum Price Predictions Report from Finder.com, ETH will reach a high of $7,609 in 2022. This represents a 102 percent increase over the price at the start of 2022. On the other hand, ETH is expected to close the year at $6,500 based on the panel’s average.
The creator of Finder, Fred Schebesta, forecasts that ETH will reach a high of $7,000. Due to increased competition, the price will reduce to $6,000 by the end of 2022. “While the network certainly has advantages in global market awareness and developer base, it is also against increasingly strong competition that Bitcoin does not face by contrast.”
Paul Levy, a senior academic at the University of Brighton, predicts that ETH might reach $9,000 in the future. However, he believes it will close the year around $8,000. “Ethereum, if it stays on top of technology and innovation challenges, will continue potentially erratic growth with the potential to thrive in the medium- to longer-term. It is an early innovation success story, and that innovation potential needs to be matched by further innovation capability.”
By the end of 2025, the panel forecasts that ETH will be valued at $10,810. And $26,338 by the year 2030. When compared to the current price of ETH, this appears to be somewhat costly. However, these statistics are 30% and 48% lower than the panel’s projections from the previous year.
Ethereum will transition to a proof-of-stake system (PoS). According to one out of every ten panelists, this will undoubtedly result in a price decrease. Seventy-nine percent believe the move will raise the price of ETH. The remaining 11% believe there will be little or no impact or are unclear.
Differing opinions by experts: Sell or Hold, or even Buy?
According to Vanessa Harris, Permission’s chief product officer, the switch to PoS will result in a significant drop in the price of ETH. By 2030, she claims, ETH will be valued at only $100. “Of all the smart contract platforms, Ethereum has the most robust ecosystem.” However, it is hampered by high gas prices and limited scalability. However, switching to Proof-of-Stake is unlikely to alleviate Ethereum’s scaling issues. To assist ETH scalability, we should turn to L2s and side chains.”
According to 19% of the panel, now is the moment to sell ETH. Only 10% believe it is time to sell Bitcoin (BTC). It’s time to buy Ethereum, according to 52% of respondents. 30% vote to keep the status quo.
The Panxora Group’s CEO, Gavin Smith, predicts a price decline. This is in response to the switch to point-of-sale (PoS). He believes the moment has come to sell. “The improvements provided by proof of stake will not outweigh the negative impact of excessive gas prices. The change made recently to gas calculations will cancel out any reduction in gas prices that proof-of-stake would have provided. ETH is likely to be surpassed by a number of other smart contract blockchain protocols over the next five years.”