The price of Ethereum could outperform the flagship cryptocurrency this year to surge by over 150% to $4,596, and its performance could be such that by 2025 one ether would be worth $17,810, according to a cryptocurrency experts panel.<\/p>\n
The figures come from the average forecast from 27 out of 42 experts Finder surveyed that gave price predictions for the cryptocurrency. While the experts panel believes the price of ETH will more than double this year, they believe that by December 2025 it\u2019ll be over $17,800 and that by December 2030 one ETH will have skyrocketed to $71,700.<\/p>\n
The later price prediction is skewed by an outlier who believes ETH will trade at $1 million by then. Looking at the median price prediction, the forecast points to Ethereum trading at $20,000. That Price prediction was earlier this year made by former Goldman Sachs executive Raoul Pal, who based on Metcalfe\u2019s Law saw ETH hit $20,000 this cycle.<\/p>\n
On Finder\u2019s survey, Coinflip founder and chief advisor Daniel Polotsky gave forecasts in line with the panel average, expecting ether to hit $4,000 by the end of the year, before surging to $64,000 by 2030. In a statement, he said its price \u201clargely follows Bitcoin\u2019s halving cycles, although that relationship may begin to decouple as time goes on.\u201d<\/p>\n
Polotsky noted that as Ethereum continues to develop use cases \u201cthat Bitcoin cannot achieve\u201d its price may grow at a faster rate than that of BTC. Morpher CEO Martin Fr\u00f6hler and RealFevr\u2019s head of blockchain Pedro Febrero revealed they see ETH top $10,000 by the end of this year.<\/p>\n
Fr\u00f6hler said that Ethereum has the \u201cpotential to power the future global financial infrastructure.\u201d A total of 93% of panelists said ETH will eventually be more frequently transacted than the flagship cryptocurrency , and 56% see it retain its dominance n the decentralized finance (DeFi) space, despite all of its competitors.<\/p>\n
CoinSmart CEO Justin Hartzman defended both of these positions. In a statement, Hartzman said:<\/p>\n
People don\u2019t like transacting with BTC since it\u2019s more of a store of value. Ethereum, on the other hand, has built a full-on multi-billion dollar ecosystem so the frequency of ETH transactions is definitely going to be a lot more.<\/p>\n
Addressing the so-called \u201cflippening\u201d \u2013 the possibility that Ethereum will overtake Bitcoin to become the number one cryptocurrency by market capitalization \u2013 68% of respondents said they see it coming, with 58% of those seeing it within the next five years.<\/p>\n
Forrest Przybysz, senior cryptocurrency investment analyst at Token Metrics, revealed he sees ETH at $8,000 by the end of the year, and believes the flippening will occur next year partly because of Ethereum\u2019s move to Proof-of-Stake.<\/p>\n