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December 5, 2022
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Guide & Analysis

Ethereum can reach $ 20,000

Ethereum could reach $ 20,000 according to some recent forecasts.

According to the crypto forecasting report, Finder, 35 FINTECH experts, including Coinmama CEO Sagi Bakshi, ConsenSys chief economist Lex Sokolin and University of East London senior professor Iwa Salami, talk about the future price of ETH.

The panel’s forecast average identifies $ 4,512 as the value for this year and $ 19,842 for 2025.

In fact, however, in less than four and a half months in 2021, the price of ETH has already risen above $ 4,300, so if that forecast is true between now and the end of the year, the price of ETH should “lateralize“.

University College Dublin professor Dr. Paul Ennis and YAP founder and CEO Global Samantha believe Ethereum could reach $ 10,000 by the end of 2021, believing that this cryptocurrency is very undervalued at the moment.

In addition, most members of the Finder panel argue that ETH will be the most traded digital currency of all in 2022, because it has higher use cases than Bitcoin and attracts institutional investors as much as BTC.

Predictions and assumptions about the price and future of Ethereum

DeFi and NFTs in particular would increase the ETH adoption rate and boost its popularity in the markets.

A chorus voice is that of senior lecturer at the University of Canberra, John Hawkins, who argues that having more use cases will not necessarily increase its value. Hawkins argues that even if Ethereum has more uses than bitcoin, it will probably still be dragged down by the BTC.

In contrast, the senior professor at the University of East London, Dr. Iwa Salami, predicts ETH at $ 20,000 by the end of 2025, thanks to decentralized financing, which is building a more accessible and democratized alternative financial system, and future regulation well balanced that would facilitate the credibility of this growing industry.

If ETH’s price reaches $ 20,000, its market capitalization would exceed $ 2 trillion, which is double the current bitcoin market capitalization. Although it reached $ 10,000, it could be more or less the same.

In contrast, BitBull Capital COO Sarah Bergstrand thinks Ethereum may even reach $ 100,000 in 2025, which is more than $ 10 trillion in market capitalization, thanks to major updates to be launched on the Ethereum network. .

However, the vast majority of the panel also said that the current concentration of ETH ownership poses a threat, with 24% even saying it would be a high risk. In addition, 62% believe Ethereum is already threatened in some way by other similar blockchains.

Source: Cryptonomist

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