Ethereum (ETH) is like most other cryptocurrencies quite deep under water. Nevertheless, the future prospects for the second-largest cryptocurrency look pretty bright. According to a panel of crypto experts compiled by finder there is a good chance that the price of ETH will rise considerably this year.
Ethereum merge
36 fintech experts shared in the survey from Finder their thoughts on the near future for ethereum. Most of them expect that 2022 will certainly have some fireworks in store. On average, experts expect ethereum to peak at $6,872. However, the year will end lower. Ethereum will be worth $5,783 by the end of the year, according to experts.
However, some predictions were even more positive. According to Jospeh Raczynski, the price of ETH could be above $8,000 by the end of the year. He argues that the upcoming merge will be of great importance in this price increase.
“The Merge, an upgrade on Ethereum, should happen this summer. This could have an explosive effect on the token. People have been waiting for this for years. It should be much safer, 99% more energy efficient, and deflationary. If that’s not the trifecta of potential, as a leading blockchain, I don’t know what would be.”
35% of experts surveyed agree with Raczynski in his prediction that Ethereum will deflationary can be a positive will have on the ethereum price† 29% believe that the reduction in the energy consumption of the network in particular will cause a price explosion. 16% think that it will mainly be the increase in transaction capacity that will contribute most to a price increase in the long run.
“The Merge is one of the biggest and most important events in the history of cryptos – and one with the capacity to deliver an almighty supply shock to the system,”
ETH $35,000?
In the long term, the forecasts are already completely positive. According to Asher Tan, the CEO of CoinJar, it is not inconceivable that ethereum will rise to $8,500 this year and then rise to a staggering $35,000 by 2030!
Ultimately, of course, no one knows what the price will do in the future. Therefore, always do your own research and do not take such predictions as financial advice.