Ethereum Price Prediction: Ethereum (ETH) is expected to hit $7,609 this year. This is according to a panel of 33 fintech, cryptocurrency and NFT specialists.
According to Finder.com’s latest Ethereum Price Predictions Report, ETH will peak at $7,609 in 2022. This is around 102% higher than its price at the beginning of 2022. However, ETH is predicted to end the year at $6,500. This is according to the panel average.
Fred Schebesta, the Finder founder, predicts ETH will peak at $7,000. This is before dropping to $6,000 by the end of 2022, thanks to heavy competition. “While the network certainly has advantages in global market awareness and developer base, it is also against increasingly strong competition that Bitcoin does not face by contrast.”
Paul Levy, a University of Brighton senior lecturer, thinks ETH could go as high as $9,000. But he thinks it will end the year at around $8,000. “Ethereum, if it stays on top of technical and innovation challenges, will continue potentially erratic growth with the potential to thrive in the medium- to longer-term. It is an early innovation success story and that innovation potential needs to be matched by further innovation capability.”
Ethereum Price Prediction: Longer Term
The panel predicts ETH will be worth $10,810 by the end of 2025. And, by the end of 2030, $26,338. This looks high compared to ETH’s current price. But these figures are 30% and 48% lower respectively than the panel’s predictions made last year.
Ethereum will move to a proof-of-stake model (PoS). This will probably lead to a price drop, according to one in ten panelists. 79% say the move will increase ETH’s price. The remaining 11% say there will be minimal impact or were unsure.
Vanessa Harris, Permission’s chief product officer, supposes the move to PoS will lead to a significant decrease in ETH’s price. She is saying that ETH will be worth just $100 by 2030. “Ethereum has the strongest ecosystem of any smart contract platform. But it is plagued by high gas fees and low scalability. The move to Proof-of-Stake is unlikely to solve Ethereum’s scalability challenges, though. We should look to L2s and side chains to support ETH scalability.”
Time to sell?
19% of the panel say it’s time to sell ETH. Just 10% say it’s time to sell Bitcoin (BTC). 52% say it’s time to buy Ethereum. 30% say hold.
Gavin Smith, The Panxora Group CEO, expects a price drop. This is following the move to PoS. He thinks it’s time to sell. “The improvements provided by proof of stake will not outweigh the negative impact of excessive gas prices. The change made recently to gas calculations will cancel out any reduction in gas prices that proof-of-stake would have provided. ETH is likely to be surpassed by a number of other smart contract blockchain protocols over the next 5 years.”
Futurist Joseph Raczynski of Thomson Reuters says PoS will lead to an increase in ETH’s price. ETH, he thinks, will cost $8,000 by the end of 2022, before reaching $15,000 by the end of 2025. “Scalability and throughput are king, but doing this in a decentralized manner with security is critical – PoS on ETH in 2022 should get them there.”
Justin Hartzman, CoinSmart CEO agrees with Raczynski. But he gave a slightly lower prediction of $7,500 for the end of 2022. His only concern is the speed of the PoS rollout. “If the Ethereum 2.0 model is successful and PoS is properly implemented, we can expect ETH to moon real hard. My only concern is the speed of the rollout. Ethereum tends to be a bit slow with its updates, however, the community mostly supports any and all of their initiatives.”
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