Panel Of Market Experts Predicts When Ethereum Price Will Cross $14,000
November 11 2023 - 6:30AM
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Finder’s board of crypto market experts has predicted a positive
long-term increase in the price of Ethereum in 2023, 2025, and
2030. Ethereum To Surpass $14,000 By 2030? The price of
Ethereum has been on a fairly positive sentiment since the news of
BlackRock’s Ethereum Spot ETF filing news. The cryptocurrency saw a
spike that took its price above $2000 this week. Industry
specialists from Finder, an independent comparison platform and
information service have stated that Ethereum will continue
experiencing a price increase in the coming years. Related
Reading: Ethereum Daily Revenue Soars To A 4-Month High Of $10
Million The comparison platform has predicted that Ethereum would
drop to $1,840 by the end of 2023 and Ethereum’s price at the time
of writing is $2,060.8. Crypto specialists at Finder also expect
Ethereum’s value to increase to $5,824 by 2025 and $14,411 by 2030.
The financial information service platform has stated that the
reason for this price prediction is due to Ethereum’s huge growth
potential and the increasing demand for Ethereum staking.
Ethereum (ETH) is currently trading at $2,060. Chart:
TradingView.com Lead Market Analyst at Swyftx, Pav Hundal has
supported Ethereum’s price increase prediction. Hundal stated that
the upcoming Bitcoin halving in 2024 may push the cryptocurrency’s
price up, as historical patterns have suggested a potential upward
movement for Ethereum’s value during past Bitcoin halving
events. “Historically, as we approach a Bitcoin halving,
Ethereum tends to revisit its price valuations from earlier that
year. This trend aligns with the repeated observation that
Bitcoin’s dominance (proportion of the total [crypto] market
capitalization) swells as we near the halving event. We can
anticipate that there will be a potential shift from altcoins [like
ETH] back into Bitcoin in the lead-up to the halving,” Hundal
stated. Finder Experts Say BTC Still Holds Upper Hand Despite
the positive outlook of Ethereum’s price in the future by Finder’s
crypto experts, a large majority of Finder’s specialists have
expressed skepticism about Ethereum’s market capitalization
surpassing that of Bitcoin. When asked if they saw ETH’s
market cap “flipping” BTCs, 43% of the expert panelists remained
unconvinced that Ethereum would overtake Bitcoin. Creator of
Seasonal Tokens, Ruadhan O. has stated that he believed that
Ethereum’s utility surpassed Bitcoin’s however he does not see
ETH’s market cap surpassing BTC’s. He explained that his reasons
were due to Ethereum’s high competition with other altcoins in the
crypto market. Related Reading: XRP Price Outlook: Expert
Forecasts Potential Rise To $5.5 “Ethereum remains expensive to use
[and] it will lose market share to cheaper alternatives. Bitcoin
isn’t useful. Nobody needs a Bitcoin. There’s no demand for
Bitcoin’s utility at a lower price because there’s no utility. This
is why Bitcoin isn’t losing market share to other proof-of-work
coins,” O stated. Featured image from Shutterstock
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