A panel of experts from the crypto industry has predicted that the price of Ether will reach $5,783 this year, rise to $11,764 by 2025, and $23,372 by 2030. Most of the experts on the panel are upbeat on Ether, with 61% saying now is the time to buy and another 32% saying you should hold.
Industry experts share Ether predictions
Price comparison portal Finder updated its price forecast for Ether (ETH) last week with its latest quarterly survey. The company measures expert predictions for the future price of Ether using weekly and quarterly surveys. The latest quarterly survey, conducted in April, “asks a panel of 36 industry experts for their thoughts on how Ethereum will perform over the next decade,” Finder described.
The expert panel expects the price of ETH to be $5,783 by the end of 2022. At the time of writing, ETH is trading at $2,816, down 3.6% over the past seven days and about 18.3% over the past 30 days.
Citing the predictions of the expert panel, Finder detailed:
Ethereum will rise from its current US$2,810 to US$5,783 by the end of 2022… The price is expected to rise further, reaching $11,764 by 2025 and $23,372 by 2030.
“Our panel is now far more bearish on the long-term future of Ethereum than the results of the previous survey conducted at the end of 2021, which may have a lot to do with the price drop between now and the last survey,” the company noted. . “In January 2022 the panel gave an average prediction of $6,500 for the end of the year, which is 12% higher than their new prediction of $5,783.”
Keegan Francis, Global Cryptocurrency Editor at Finder, commented:
Ethereum is at a very precarious place in its journey at the moment. It is currently Defi. getting lost [decentralized finance] market share to its competitors.
“I don’t have long term trust in the network until Ethereum upgrades its system and delivers on its promises of scale. That being said, I still think people will buy tokens out of hype/promise/potential , “They said.
Joseph Razinski, technologist and futurist at Thomson Reuters, said: “The merge, an upgrade to Ethereum, should happen this summer. This could have an explosive effect on the token. This is what people have been waiting for for years. It is far more secure, 99%. Should be more energy-efficient and deflationary. If this isn’t the trifecta of potential as a major blockchain, I don’t know what will.”
Furthermore, when asked whether now is the time to buy, hold or sell Ether, 61% said it was time to buy and 32% said you should hold. Just 6% said now is the time to sell.
Experts on the panel include the COO of OKCoin, the co-founder of Coinmama, the CEO of BTBlock, the Chief Economist of ConsenSys, the CEO of Delta Investment Tracker, the Head of Funds at DigitalX Asset Management, the founder of Origin Protocol. CEO of Coinjar, a senior lecturer at the University of Canberra, an associate professor at Nottingham Trent University and a director at the University of East London.
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