Ethereum could end 2022 at $5,783 and hit $11,764 by 2025 and $23,372 by 2030
The price predictions are by Finder.com’s panel of analysts
Ethereum’s increment in price is hinged on a successful upgrade to Proof-of-stake and fighting off other networks in the DeFi space
The number two digital asset of Ethereum (ETH) could well be on a path towards ending 2022 at a price of $5,783. This is according to a price prediction by Finder.com’s panel of analysts who were also optimistic that Ethereum could hit $11,764 by 2025 and $23,372 by 2030. The price prediction provided the following chart demonstrating a possible price trajectory of ETH till the end of the decade.
Ethereum’s Merge and its Ability to Fight Off Other Blockchains in DeFi is Key to ETHs Success
Finder.com’s Keegan Francis went on to point out that Ethereum was at a crucial stage at the moment due to the pending Merge to a Proof-of-stake algorithm and competition from other blockchain networks offering DeFi products. He said:
Ethereum is at a very uncertain place in its journey at the moment.
It is currently losing DeFi market share to its competitors (although it still remains dominant by a huge margin).
Until Ethereum upgrades its systems and fulfills its promises to scale, I do not have long-term confidence in the network. That being said, I still think people will buy the token out of hype/promise/potential. I don’t think ETH will be the #2 asset forever though.
Technologist and Futurist at Thomson Reuters, Joseph Raczynski, was of a similar opinion on the significance of the Merge on the price of Ethereum. He said:
The Merge, an upgrade to Ethereum, should happen this summer.
This could have an explosive effect on the token. People have been waiting for this for years. It should be far more secure, 99% more energy-efficient, and deflationary.
If that isn’t the trifecta of potential, as a leading blockchain, I don’t know what would be.
Ethereum’s Price Prediction is Not Financial Advice
To note is that the team of analysts at Finder.com also issued a disclaimer stating that the information provided on Ethereum is not an endorsement of the digital asset nor a recommendation to trade it.