Originally published on: September 11, 2024
Two prominent analysts from VanEck and StoneX Digital predict that Ether’s spot price could soar to an impressive $22,000 by the end of the decade. Matthew Sigel, head of digital asset research at VanEck, is optimistic about Ethereum’s potential, envisioning the network generating up to $66 billion in annual free cash flow by 2030 and boosting the spot price of ETH to new heights.
On the other hand, David Kroger, a data scientist at StoneX, sees Ether prices reaching around $4,600 within the next 18 months. However, he believes the upside could be much greater, pegging it as high as $12,621 considering Ethereum’s upcoming technological upgrades.
Both experts are confident in Ether’s growth potential, citing the substantial value accrual to ETH holders from transaction fees as Ethereum continues to process an increasing number of transactions globally. Sigel emphasized that Ethereum’s transaction volume is on par with traditional payment networks like Visa, highlighting its significance in the world of finance.
Despite a recent drop in revenue following a network upgrade, Sigel remains positive about Ethereum’s future prospects. He believes that Ethereum has the potential to recover value by implementing strategies to boost transaction volume and fees, setting the stage for a significant price rally in the near future.
Kroger highlighted the demand for decentralized alternatives to traditional finance institutions, attributing the growing interest in Ethereum to the diminishing trust in centralized systems. He also hinted at the potential impact of the US presidential election on cryptocurrencies, suggesting that a win by Democratic candidate Kamala Harris could be bullish for Bitcoin but potentially adversarial for other coins.
As Ethereum continues to evolve and adapt to market demands, the outlook for Ether’s price appears promising, with analysts predicting significant growth in the coming years. Investors and enthusiasts eagerly await to see if Ether can reach the projected milestone of $22,000 by 2030.
