Ethereum, which began the year at $1,000, soared to $4,000 within just a few months and is now sitting at $2,418.80 with an overall market cap of $281.22billion, according to coin desk. This has now brought ETH to be the second biggest cryptocurrency after bitcoin, and it’s tipped to keep going until it overtakes the original coin. ETH has been predicted to become the dominant cryptocurrency by Goldman Sachs, which forecasts it will outrun bitcoin to be the industry leader.
How much will ethereum be worth in 2025?
As things stand, ETH is predicted by most people to rise in value over the coming years.
One expert panel expects the price of ethereum to soar to almost $20,000 by 2025, a huge increase on its current price.
Major “upgrades” coming to the ethereum network could potentially push it even higher.
The ethereum price could reach a staggering $19,842 by 2025, accord to the panel average, with the majority of the 35 panelists predicting ETH will be the most widely transacted Digital currency by the end of 2022 – overtaking bitcoin.
READ MORE: Bitcoin price spike as first bank opens in Gibraltar
The panel includes CoinMama chief executive Sagi Bakshi and ConsenSys head economist Lex Sokolin and is surveyed by personal finance comparison site Finder.
They pointed to the hugely increasing popularity of decentralised finance (DeFi) and NFTs giving ehtereym a greater use case than bitcoin.
Long awaited upgrades to the chain, which started at the beginning of 2020 and are designed to help ethereum scale and reduce its pricey costs, could help it reach never-before-seen highs.
Panel member and BitBul Capital Chief operating officer Sarah Bergstrand thinks ethereum will rocket to a huge $100,000 by 2025.
Ms Bergstrand said: “We are likely to see major upgrades to the ethereum network this year, and those can be expected to push the price higher.”
Addressing the surging popularity of DeFi, University of East London senior lecturer Iwa Salami said it’s useful in building more accessible financial systems.
Professor Salami explained: “[DeFi], which is so far building an alternative financial system that is more accessible and democratised, is largely built through decentralised applications on the ethereum network.
“These developments indicate the future of finance and are very promising and well-balanced regulation would facilitate the credibility of this growing industry.”
DON'T MISS
Bitcoin warning as Musk sends 'Wild West' crypto surging [WARNING]
Bitcoin price surge after Elon Musk’s tweet [INSIGHT]
Bitcoin Price: Elon Musk sparks surge as Tesla updates payment plans [REPORT]
In regards to ethereum’s future market cap, one expert told Express.co.uk it’s looking all the way up for the coin.
Grant Whitlock, head of trading at UK based digital asset broker GlobalBlock said he anticipates ETH could blow through a trillion dollar market cap.
Mr Whitlock said: “In the short term all eyes are on bitcoin and the potential death cross forming on the charts.
“If this happens and history repeats itself, the whole crypto market will sell off, however, the fundamentals of ethereum are very strong.
“My long term view on ETH is very bullish and we eagerly await ethereum 2.0.
“I’m anticipating a trillion-dollar market cap, this will give a price of approximately $9,000 per ETH.”
Steve Ehrlich, CEO and founder of US based crypto-asset broker Voyager Digital added: “Ethereum will continue to grow exponentially and has promising upsides given its utility, functionality and ecosystem.
“The ethereum blockchain powers the most established ecosystem for DeFi, utility tokens, and NFTs, all of which are gaining mainstream traction.
“There is significant long-term value of ethereum as its use-cases include banking, real estate, finance, collectibles and more, and we expect to see even greater adoption of the platform in the next two years.”
0 Comments