A panel of crypto industry experts predicted that the price of ether will reach $5,783 this year, then rise to $11,764 by 2025 and $23,372 by 2030. Most of the experts who participated in the discussion are optimistic about ether, with 61% saying it’s a good time to buy, and another 32% saying to hold on.
Industry experts share their forecasts for ether
The price comparison portal Finder updated its price forecasts for ether (ETH) in its latest quarterly survey last week. The company measures experts’ predictions about the future price of ether through weekly and quarterly surveys. In the latest quarterly survey, conducted in April, “a group of 36 industry experts gave their thoughts on how ethereum will evolve over the next decade,” Finder described.
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expert panel expects ETH to be worth $5,783 by the end of 2022. As of this writing, ETH is trading at $2,816, down 3.6% in the last seven days and nearly 18.3% in the last 30 days.
Citing forecasts from an expert panel, Finder details:
Ethereum will jump from its current price of $2,810 to $5,783 by the end of 2022 … The price is expected to continue to rise, reaching $11,764 by 2025 and $23,372 by 2030.
“Compared to the results of the previous survey conducted in late 2021, our panel of experts is now much more bearish on Ethereum’s long-term future, which may be due to its falling value between the current and previous survey,” the company said. “In January 2022, the panel gave an average forecast of $6,500 for the end of this year, up 12% from their new forecast of $5,783.”
Keegan Francis, global cryptocurrency editor at Finder, commented:
Ethereum is now in a very uncertain place on its path. It is currently losing Defi [decentralized finance] market share to its competitors.
“Until Ethereum upgrades its systems and delivers on its promises to scale, I have no long-term confidence in the network. That being said, I still think people will buy the token because of the hype/promise/potential,” he added.
Joseph Raczynski, a technologist and futurist at Thomson Reuters, believes, “The merger, the Ethereum update, should happen this summer. It could have an explosive effect on the token. People have been waiting for this for years. It should be much more secure, 99% more energy efficient and deflationary.” If that’s not a trifecta of leading blockchain potential, I don’t know what is.”
Furthermore, when asked if now is the time to buy, hold or sell ether, 61% said now is the time to buy and another 32% said to hold. Only 6% responded that now is a good time to sell.
The panelists included Okcoin COO, Coinmama co-founder, Btblock CEO, Consensys chief economist, Delta Investment Tracker CEO, Digitalx Asset Management head of funds, Origin Protocol founder, Coinjar CEO, University of Canberra senior lecturer, University of Nottingham Trent associate professor and University of East London director.
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