The board of crypto market experts at Finder has made predictions about the long-term increase in the price of Ethereum. According to their predictions, they expect Ethereum’s price to surpass $14,000 by 2030.
This positive sentiment around Ethereum’s price is attributed to the news of BlackRock’s Ethereum Spot ETF filing, which caused a spike in the cryptocurrency’s price, taking it above $2000.
Industry specialists at Finder have stated that Ethereum is likely to experience a price increase in the coming years. The comparison platform has predicted that Ethereum’s price will drop to $1,840 by the end of 2023, but as of the time of writing, Ethereum’s price is $2,060.8.
The specialists at Finder expect Ethereum’s value to increase to $5,824 by 2025 and $14,411 by 2030. They attribute this price prediction to Ethereum’s growth potential and the increasing demand for Ethereum staking.
Pav Hundal, Lead Market Analyst at Swyftx, has also supported the prediction of Ethereum’s price increase. Hundal mentioned that the upcoming Bitcoin halving in 2024 may push Ethereum’s price up, as historical patterns have suggested a potential upward movement for Ethereum’s value during past Bitcoin halving events. Despite this positive outlook, a large majority of Finder’s specialists have expressed skepticism about Ethereum’s market capitalization surpassing that of Bitcoin.
When asked if they saw Ethereum’s market cap “flipping” Bitcoin, 43% of the expert panelists remained unconvinced that Ethereum would overtake Bitcoin.
Creator of Seasonal Tokens, Ruadhan O., stated that although he believed Ethereum’s utility surpassed Bitcoin’s, he does not see Ethereum’s market cap surpassing Bitcoin’s. He explained that Ethereum faces high competition with other altcoins in the crypto market and remains expensive to use compared to cheaper alternatives.