Ethereum (ETH) had a very successful run in late 2021, but ETH is yet to see any significant breakthrough this year. The 2nd most established cryptocurrency had reached an all-time high above $4,800 on November 10th, 2021, but fell short of its $5K expectations having plummted to trade at $2,808.08 as of this writing. However, experts at Finder have expressed a positive outlook for ETH’s future.
Ethereum May Still be in the Early Stages of Growth
According to Finder’s panel, which consists of 36 crypto industry specialists, Ethereum (ETH) is likely to hit the $5,783 mark by the end of the year. However, these estimates for Ethereum are notably more cautious than they was 4 months ago, when the same industry experts predicted Ethereum to be worth $6.500 by the end of 2022. This change is mostly attributed to the asset’s slow start to the first quarter of the year.
A panel of industry experts has predicted that the price of #ethereum will reach $5,783 this year. #crypto #cryptocurrency #ether $ETH https://t.co/QVJmMqRCFkETH Could Grow 10x Within 10 Years— Bitcoin News (@BTCTN) May 3, 2022
The Finder panel also predicts a consistent rise in the price of ETH in longer terms. It is projected that ETH will hit $11,764 by 2025, and as much as $23,372 by 2030. According to this prediction, Ethereum is likely to be worth 10 times its current price 10 years from now.
Upcoming Updates Could Be the Key to Success
Although not everyone is of the same opinion, Lex Sokolin, head economist of ‘ConsenSys’ shared a favorable prediction for Ethereum. He pictures the leading Altcoin hitting the $12,000 mark by the end of the year, and this is likely due to a forthcoming ideological shift.
One explanation for these bright prospects could be Ethereum’s transition to becoming a more an eco-friendly cryptocurrency. Ethereum decided to adopt a Proof of Stake model, which is viewed favorably by most international businesses. Furthermore, the Ethereum ‘Merge’ will enable network users to make thousands of transactions per second and will reduce transaction fees, making Ethereum easier to use for everyday financial activities.