Ethereum Could Hit Nearly $20,000 in the Next 5 Years: Finder’s Ethereum Price Predictions Report

HodlX Guest Post  Submit Your Post

 

Ethereum (ETH), the world’s second-largest cryptocurrency after Bitcoin (BTC) in terms of market capitalization, is expected to be worth $4,596 by the end 2021, according to the average forecast from experts in Finder’s Ethereum prediction report.

Finder surveyed 42 crypto experts, with more than 25 providing ETH price predictions for not only the end of 2021 but also the end of 2025 and 2030. While the panel on average sees ETH ending 2021 at $4,596, those projections get even juicier going forward, with the average projection for 2025 hitting $17,810, and 2030 cresting $71,763.

 

As far as 2021 is concerned, Allnodes CEO and founder Konstantin Boyko-Romanovsky gives an above-average EOY prediction of $5,000 and says ETH’s move to a proof-of-stake (PoS) model is just one driver behind the coin’s price.

“Upgrading to a deflationary type of asset, level-2 networks, institutional adoption, mass utilization, DeFi [decentralized finance] and DApps [decentralized applications] continuous development and rise – are all contributing factors to Ethereum’s future price appreciation,” he said.

Morpher CEO Martin Fröhler is the most bullish on the coin’s short-term value, predicting the coin to hit $10,000 by the end of the year because, according to him, “Ethereum has the potential to power the future global financial infrastructure.”

University of Canberra senior lecturer John Hawkins is the lowest on the coin, believing that ETH is a bubble waiting to burst.

“I think Ethereum is a speculative bubble and will get dragged down by Bitcoin,” he says.

Over the long term, the head of blockchain at RealFevr, Pedro Febrero, is the most in on the coin, believing it has the potential to be worth $1 million by 2030.

Fröhler, BitBull Capital COO Sarah Bergstrand, and Trade the Chain co-founder Ryan Gorman are also all in on ETH, with Fröhler saying the coin should close 2030 at $200,000, and Bergstrand and Gorman seeing the value hitting $100,000.

Gorman sees Ethereum’s value being linked to DeFi.

“DeFi projects and other applications we have not yet even considered will continue to be built on the Ethereum blockchain and see rapid growth. This will, in turn, lead to ETH eventually overtaking Bitcoin as the world’s most valuable crypto asset,” he says.

 

Is the flippening coming?

The flippening, the hypothetical event in which ETH overtakes BTC as the biggest cryptocurrency by market cap, is probably in the cards according to 68% of the panel. But when that will happen is a whole other question.

A quarter of panelists see the flippening happening in 2023, with 15% believing it’ll happen in 2022, and another 15% expecting it to occur in 2025.

However, 32.5% of panelists don’t think the flippening will ever happen.

One of the most bullish on the flippening coming this year is Pedro Febrero. However, he doesn’t think it will be permanent.

“The flippening will happen, although momentarily,” he says, adding, “just like other altcoins will flip ETH.”

According to Forrest Przybysz, a senior cryptocurrency investment analyst at Token Metrics, Ethereum’s move to a PoS model will turn ETH into a better store of value, which is why Przybysz believes ETH will surpass BTC’s market cap next year.

“Ethereum’s move to proof-of-stake later this year or early 2022 will result in Ethereum’s supply becoming deflationary and will be equivalent to multiple Bitcoin halvings, in terms of supply restriction,” Przybysz says. “This will make it a better store of value than Bitcoin, in addition to all the utility it provides that Bitcoin does not have.”

It’s not all rosy, with Banz Capital CEO John Iadeluca saying that ETH’s market cap will never exceed that of BTC.

“Ethereum will most likely eventually become more widely transacted than Bitcoin, but I do not see any scenario where Ethereum becomes worth more than Bitcoin,” he says.

To see what the panelists had to say about other Ethereum-related topics, including when ETH will be the most transacted currency, DeFi’s impact on ETH’s dominance going forward, and whether one should buy, sell or “hodl” the coin, find the full report over at Finder.com.


Zak Killermann is a writer at Finder who’s been specializing in cryptocurrencies and blockchain technology for four years, covering everything from ICO booms to crypto winters, memecoins and more. He’s mined and minted cryptocurrencies, and remembers the days when DOGE was just for fun. Zak’s focus is on breaking down technical concepts (like yellow papers) for average folks to digest on their morning commutes. Before diving into all things crypto, Zak contributed to Finder’s money transfers vertical.

 

Check Latest Headlines on HodlX

Follow Us on Twitter Facebook Telegram

Check out the Latest Industry Announcements
 

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured Image: Shutterstock/kkssr

Be the first to comment

Leave a Reply

Your email address will not be published.


*