Seven days ago, product comparison site finder.com released a forecast report predicting the year-end price of bitcoin in 2023, based on predictions from several crypto and fintech experts. Following the Bitcoin price prediction report, Finder released another study focusing on ethereum, the second largest crypto asset by market capitalization; Finder experts believe ethereum will peak at $2,474 per token this year, and at $2,184 per unit this year and will end the year at $2,184 per unit.
24% of panelists believe ethereum will surpass bitcoin by 2025, a Finder survey shows
This week, product comparison site finder.com released areportsurveying 56 fintech and cryptocurrency experts to gauge their predictions for ethereum (ETH) prices this year. ETH, like most digital currencies in the crypto economy, experienced a difficult year in 2022, but prices have recovered in the first month of 2023. 30-day statistics showETHhas risen over 32% against the US dollar and is currently $1,600 per unit range, just below the $1,600 per unit range.
Finder experts believethat ETHwill end the year at $2,184 per unit and peak at $2,474 per token at some point in 2023. Similar to the Bitcoin Predictions report released last week, Finder experts expectETHto fall to the $1,000 level; ETHwill fall to a significant low against the greenback; ETHwill fall to a peak of $2,474 per token at some point in 2023; and ETHwill fall to a peak of $1,000 per token in 2023. Panelists suspectETHcould hit a low of $984 this year. Ben Ritchie, Managing Director of Digital Capital Management, expectsETHto end the year at $2,500 per coin, but also notesETHprices could drop to $900 per coin in 2023 could drop to as low as $3,000 per coin.
“Ethereum continues to dominate the market as the leading smart contract platform, driving a variety of innovative projects within its ecosystem.” Ritchie explains in the report. “However, recent market challenges have sparked investor concern and may limit Ethereum’s price from reaching $2,500 this year. Despite this, the low annual inflation rate (of the network) is expected to keep the price stable and above $900, even in the event of future market disruptions.”
Approximately 24% of panelists surveyed believe Ethereum will surpass Bitcoin by 2025, while 48% of Finder’s panel indicated that they expect “flipping” to occur eventually. Currently, 60% of FinTech and crypto experts believe, ETHis underpriced, and about 28% believe it is fairly priced. About 12% of panelists believeETHis overpriced; ETHis underpriced and 16% now recommend selling. 56% of report participants believe now is a good time to buy, with 28% recommending holding.
“When examining all blockchains based on security, decentralization, and scalability, nothing else has that fundamental balance and judgmental leadership coupled with the critical mass of Ethereum,” said the technologists and futurists.