- Price Predictions from StoneX and VanEck
- Presidential Elections and Their Impact on Cryptocurrencies
- Revenue Declines and Technological Upgrades
Despite Ethereum (ETH) underperforming against Bitcoin, analysts remain optimistic about the long-term prospects of ETH price.
Price Predictions from StoneX and VanEck
Analysts predict that Ethereum's price could reach $12,000 to $22,000 by 2030. In their assessment at the StoneX panel, Matthew Sigel, head of digital asset research at VanEck, and David Kroger from StoneX shared their ETH price predictions. Matthew Sigel first stated that Ethereum could generate $66 billion in annual cash flow by 2030, potentially pushing ETH price to $22,000. David Kroger made a dual prediction, stating that he expects ETH price to reach a minimum of $4,600 within 18 months and potentially increase to $12,621 due to technological upgrades.
Presidential Elections and Their Impact on Cryptocurrencies
Matthew Sigel also noted that a Democratic presidential candidate Kamala Harris winning the election would be “positive for Bitcoin dominance” but could be “hostile to other cryptocurrencies besides Bitcoin.”
Revenue Declines and Technological Upgrades
Sigel highlighted that Ethereum's revenues have fallen sharply since the Dencun update in March, which reduced transaction fees by approximately 95%. However, he believes that the negatives will be left behind and positive movement in ETH prices will begin this year. David Kroger added that Ethereum price could potentially increase to $12,621 with technological upgrades.
Analysts remain optimistic about Ethereum's future price, believing that technological improvements and market changes could lead to significant growth in ETH price by 2030.
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