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Ethereum will reach $20,000 by 2025? Factors Behind Bold Call


Ethereum could reach $20,000 by 2025 according to the Finder Panel.

Since then, Ethereum has gained momentum, starting at $1,000 at the start of the year and reaching an all-time high of $4,196.63, according to Currency Scales. Before losing steam and dropping to its current price of $2,400. The average growth rate was 197.4% in 2021.

Gave such a massive run Currency Much popular. Ethereum is currently the second most popular Currency behind bitcoin.

Related reading | Billionaire Tim Draper: Bitcoin Will Reach $250,000 By The End Of 2022

With so much support flowing in for Currency, investors in Currency He was very optimistic about it. Many analysts believe that Ethereum is poised to overtake Bitcoin as the most popular Currency In the market. So many technological advancements are being implemented on the blockchain that its use cases seem endless.

DeFi effect and NFTs

The growing popularity of decentralized financeDeFi) and NFTs in the increasing popularity of Ethereum. Giving it more use cases that benefit investors in Currency.

About 70 percent of the committee agreed that with DeFi and NFTs, Ethereum now has more use cases than Bitcoin.

John Hawkins, Senior Lecturer at the University of Canberra, has countered the trend to say that more use cases will not necessarily help. Currency. He expanded on this by saying that Ethereum is likely to be dragged down along with Bitcoin. Although there are more use cases.

Ethereum price sits below $2,5000 | Source: ETHUSD on TradingView.com

By staking and cultivating yields with DeFi, investors have found another way to put their investments to work, while at the same time benefiting from the network.

With Ethereum 2.0 on the horizon, developers are looking to replace the existing Ethereum blockchain with a new one. This will help resolve existing network bottlenecks. It will also increase the number of transactions made on the network. We hope to help reduce exorbitant transaction fees when network traffic is high.

Ethereum predictions by Finder panel members

The Finder panel consisted of a number of notable panelists. The meeting was attended by Dr. Ewa Salami from the University of East London. COO of BitBull Capital, Sarah Bergstrand. Vishal Shah, CEO of Alpha5. ConsenSys Chief Economist, Lex Sokolin. Among other things.

A large number of committee members seemed to agree while Currency He may not have much to run this year, the next four years will see a massive race.

CEO Vishal Shah was on the more conservative side. predicted that Currency It wouldn’t be worth much more than it is now. Put it at just $4,000 by 2025. Shah believes that Ethereum will continue to perform. But this unlimited offer for Currency It is her fault. He also added that Ethereum was in a race with other protocols to profile its usability. And that there are other faster and cheaper chains competing Currency In the future.

Related reading | TA: Ethereum price still going strong, why dips remain limited to below $1,850

Others did not see this as an appropriate expectation. Citing network upgrades, Sarah Bergstrand, COO of BitBull, has given a price prediction of $100,000 per ETH by the end of 2025. Stunning forecast

She believes that the mass adoption of Bitcoin will be followed by the mass adoption of Ethereum. Network upgrades will also help push the price up.

Dr. Paul Innes put his forecast at $10,000 by the end of 2025. He notes that Ethereum is currently undervalued.

Dr. Salami went to give Currency US$20,000 projected by 2025.

This brings the commission’s average forecast to $1,842 per ETH by 2025.

Featured image from Blockchain News, chart from TradingView.com



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