VanEck, an asset management company, has forecasted that the price of Ethereum (ETH) would surge to $22,000 per token by the year 2030. This significant increase is anticipated to be fueled by the anticipated authorization of spot Ethereum exchange-traded funds (ETFs).
This development underscores the increasing embrace of cryptocurrencies across conventional financial markets. VanEck’s updated financial model emphasizes Ethereum’s substantial value proposition, showcasing its benefits across several industries including finance, banking, payments, marketing, advertising, social gaming, infrastructure, and artificial intelligence.
If Ethereum continues to be the leading smart contract platform, it has the potential to create $66 billion in unrestricted cash flow for token holders, therefore sustaining an asset worth $2.2 trillion by 2030.
The potential of the platform is shown by key data, such as 20 million monthly active users and $4 trillion in transactions. According to VanEck’s analysis, the value of ETH is projected to reach $22,000 by 2030. This is a significant increase of 487% compared to its current price. The compound annual growth rate (CAGR) for ETH is estimated to be 37.8%.
Nevertheless, Ethereum’s assessment is exposed to potential hazards such as conjecture, alterations in regulations, variations in interest rates, rivalry from alternative blockchain platforms, and geopolitical influences. Standard Chartered, a prominent financial company, also issued optimistic forecasts.
Geoff Kendrick, the leader of FX Research and Digital Assets Research, forecasted that the value of ETH may reach $8,000 by the conclusion of 2024 and perhaps $14,000 by the conclusion of 2025, provided that Bitcoin reaches $200,000.
