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 Advertisements
” href=”https://www.newsbtc.com/dictionary/coin/” data-wpel-link=”internal”>coin a lot of popularity. Ethereum currently ranks as the second most popular Billionaire Tim Draper: Bitcoin Will Reach $250,000 By The End Of 2022
With so much support pouring out for the Advertisements
” href=”https://www.newsbtc.com/dictionary/coin/” data-wpel-link=”internal”>coin, investors in the 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 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 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. 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 CEO Vishal Shah was on the more conservative side. He predicted that the 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 This brought the average of the panel’s predictions to $19,842 per ETH by 2025.
Ethereum price sits below $2,5000 | Source: ETHUSD on TradingView.com
Ethereum Predictions By Finder’s Panelists
Featured image from Blockchain News, chart from TradingView.com