Survey Predicts Strong Future for Ether Prices Driven by Institutional Factors
- WBOYOriginal
- 2024-08-02 12:32:201092browse
Finder, a leading financial comparison website, surveyed 32 experts on the Finder panel from the cryptocurrency sector in July to predict ether (ETH) prices through 2030.
A survey of 32 cryptocurrency experts on the Finder panel predicts significant growth for ether prices, with an average forecast of $5,368 by the end of 2024, $7,359 by the end of 2025, and $23,549 by 2030. These projections highlight the anticipated impact of institutional factors such as ethereum exchange-traded funds (ETFs).
The survey, conducted by Finder in July, aimed to gauge experts’ predictions on ether prices over the next seven years. The average forecasts varied greatly, with most experts expecting a positive trajectory driven by institutional adoptions. According to the survey, ether’s average predicted price could reach $5,368 by the end of 2024, showing a potential increase of over 160% from its current value.
The survey also noted that experts' predictions ranged from a low of $2,700 to a high of $20,000 in 2024, with some expressing bearish views. For instance, John Hawkins of the University of Canberra predicted a drop to $2,700, citing crypto’s speculative nature.
However, others remained optimistic, attributing the potential rise to the introduction of the ETH ETF. For example, Josh Fraser of Origin Protocol predicted a high of $13,500, while Julian Hosp of Cake Group anticipated ETH reaching $10,000, both driven by the ETF launch. Additionally, Pedro Febrero of Realfevr expected a surge to $20,000 due to ether’s wide usage and potential institutional investments.
The survey also gathered experts' opinions on whether it's now the right time to buy, hold, or sell ether. According to the survey, an overwhelming majority (64%) recommended buying ether, while 29% advised holding and only 7% suggested selling.
Overall, the survey provides diverse perspectives on the future of ether prices, with an average prediction of significant growth driven by institutional factors.
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