In 2022, the price of Ethereum is anticipated to reach $7,609

According to Australian fintech Finder’s panel of 33 crypto experts, Ethereum’s price is projected to reach US$7,609 this year, however it is expected to close the year at around US$6,500.

In the long run, the panel anticipated that Ethereum’s price would reach US$10,810 by the end of 2025 and US$26,338 by the end of 2030, respectively, a 30 percent and 48 percent decrease from the previous prediction in October.

79 percent of panelists feel that Ethereum’s move to a proof-of-stake (PoS) model would result in a price increase. Of course, while 11 percent believe that it will result in a price decline due to high gas fees. Then, and scalability difficulties.

Ether is the second most valuable cryptocurrency in terms of market capitalization. Then, and the most often used blockchain for decentralized applications (dApps).

Because of Ethereum’s network congestion and scalability difficulties, competitors such as Solana. Then, and Terra have emerged as viable alternatives for developers.

52 percent of panelists said it’s time to purchase Ethereum. That’s, 30 percent said to hold it, and 19 percent said it’s time to sell.

Related Posts – Ferrari joins the NFT universe through a collaboration with a Swiss…