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Ether will have an even more volatile year in 2023, according to Latest Ethereum Price Prediction Report from Finder.com.
Finder’s panel of 56 fintech and cryptocurrency experts believes ETH will hit a high of US$2,474 and a low of US$984 in 2023, ending the year at US$2,184. Ethereum is currently priced at $1,588.
Digital Capital Management Managing Director Ben Ritchie believes Ether will be worth $2,500 by the end of 2023, but said it could drop to $900 throughout the year.
Ethereum continues to dominate the market as the leading smart contract platform, driving various innovative projects within its ecosystem. Ethereum’s price could be capped at $2,500 this year. Nevertheless, Ethereum’s low annual inflation rate should keep the price stable, pushing it above $900 even in the event of future market turmoil. expected to keep.”
Ruadhan O, creator and founder of Seasonal Tokens, has given a bullish forecast of $3,000 by the end of 2023, stating that the price of Ethereum will recover along with Bitcoin and other markets.
As economic activity begins to pick up, transaction costs on the Ethereum network will rise. This will force Ethereum users to buy more ETH, putting further upward pressure on prices.
With the price of ETH still well below last April’s price, a majority of the Finder panel (60%) believe the current price is a bargain. 28% think he is priced right for ETH and only 12% think it is too expensive. A similar number of panelists believe now is a good time to buy ETH (56%), with 28% suggesting investors will hold and 16% suggest selling.
Nearly half (48%) of the Finder’s panel believe Ether will eventually “flip” Bitcoin as the largest cryptocurrency by market capitalization, with a quarter including technologist and futurist Joseph Radzinski. Nearly 1 expect as early as 2024.
When we look at all blockchains based on security, decentralization and scalability, no other blockchain has fundamental balance and wise leadership coupled with the critical mass of Ethereum. But that becomes less likely with each passing month.”
According to panel averages, Ether is set to be worth $6,033 by 2025 and $14,316 by 2030.
Origin Protocol co-founder Josh Fraser believes ETH could surpass $14,000 by 2025 given Ethereum is the base layer for most DeFi and NFT innovations .
As these spaces develop, Ether will grow in value. As scaling solutions become more widely adopted, Ethereum will be used for data that is less financially important, such as identity and social coordination. At this point, we know Ether will be a six-figure asset.
However, Jeremy Chia, an associate professor of decentralized finance at Nottingham Trent University, said Ether could be on the decline by the end of 2023, given the lack of consumer rights protections that keep crypto prices in check. $1,000, we believe it will be worth $2,000 by 2025.
You can read the full report here: https://www.finder.com/
