{"id":465780,"date":"2021-06-17T22:10:32","date_gmt":"2021-06-17T22:10:32","guid":{"rendered":"https:\/\/uniquehot.com\/?p=465780"},"modified":"2024-06-11T08:12:42","modified_gmt":"2024-06-11T08:12:42","slug":"ethereum-to-20000","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/ethereum\/ethereum-to-20000\/","title":{"rendered":"Ethereum to $20,000? Factors Behind The Bold Call"},"content":{"rendered":"

Ethereum could reach $20,000 by 2025 according to a Finder\u2019s panel.<\/p>\n

Ethereum has since been gaining momentum, starting out at $1,000 at the beginning of the year and reaching an all time high of $4,196.63, according to Coin Metrics<\/a>. Before losing steam and dropping down to its current price at $2,400. Clocking an average growth rate of 197.4% in 2021.<\/p>\n

This massive run has given the coin a lot of popularity. Ethereum currently ranks as the second most popular coin behind Bitcoin.<\/p>\n

Related Reading |\u00a0Billionaire Tim Draper: Bitcoin Will Reach $250,000 By The End Of 2022<\/a><\/strong><\/em><\/p>\n

With so much support pouring out for the coin, investors in the coin have been very bullish on it. Lots of analysts believe that Ethereum is poised to overtake Bitcoin as the most popular coin in the market. So much technological advancements are being carried out on the blockchain that its use cases seem to be endless.<\/p>\n

Impact Of DeFi and NFTs<\/h2>\n

The growing popularity of decentralized finance (DeFi<\/a>) and NFTs have helped to push the popularity of Ethereum. Giving it more use cases that benefits the investors in the coin.<\/p>\n

About 70 percent of the panel agreed that with DeFi and NFTs, Ethereum now has more use cases than Bitcoin.<\/p>\n

John Hawkins, senior lecturer at the University of Canberra, went against the grain to say more use cases would not necessarily benefit the coin. He expanded on this by saying that Ethereum will most likely get dragged down with Bitcoin. Despite having more use cases.<\/p>\n

\"Ethereum<\/p>\n

Ethereum price sits below $2,5000 | Source: ETHUSD on TradingView.com<\/a><\/pre>\n

With staking and yield farming with DeFi, investors have found another way to put their investments to work, while at the same time benefiting the network.<\/p>\n

With Ethereum 2.0 on the horizon, developers are looking to replace the existing Ethereum blockchain with a new one. This will help to solve the current bottlenecks of the network. It will also increase the number of transactions being made on the network. Hopefully helping to reduce the exorbitant fees being charged for transactions when network traffic is high.<\/p>\n

Ethereum Predictions By Finder\u2019s Panelists<\/h2>\n

The Finder\u2019s panel consisted of a number of prominent panelists. Present were Dr. Iwa Salami from the University of East London. COO of BitBull Capital, Sarah Bergstrand. Vishal Shah, CEO of Alpha5. Head Economist at ConsenSys, Lex Sokolin. Amongst others.<\/p>\n

A good number of the panel seemed to agree that while the coin might not have much further to run this year, the next four years is going to see a massive run.<\/p>\n

CEO Vishal Shah was on the more conservative side. He predicted that the coin would not be worth much more than it is now. Putting it at just $4,000 by 2025. Shah believes that Ethereum will continue to perform. But that the unlimited supply of the coin is a demerit to it. He also added that Ethereum was in a race with other protocols for the its usability profile. And that there are other faster and cheaper chains that will rival the coin in the future.<\/p>\n

Related Reading |\u00a0TA: Ethereum Price Holds Strong, Why Dips Remain Limited Below $1,850<\/a><\/strong><\/em><\/p>\n

Others did not see this as a befitting forecast. Citing the upgrades being done on the network, Sarah Bergstrand, Chief Operations Officer at BitBull, gave a price prediction of $100,000 per ETH by the end of 2025. A staggering forecast.<\/p>\n

She believes that mass adoption of Bitcoin will be followed by mass adoption of Ethereum. Also that the upgrades being carried out on the network will help to push the price higher.<\/p>\n

Dr. Paul Ennis put his prediction at $10,000 by the end of 2025. Stating that Ethereum is currently undervalued.<\/p>\n

Dr. Salami went on to give the coin a $20,000 forecast by 2025.<\/p>\n

This brought the average of the panel\u2019s predictions to $19,842 per ETH by 2025.<\/p>\n

Featured image from Blockchain News, chart from TradingView.com<\/pre>\n","protected":false},"excerpt":{"rendered":"

Ethereum could reach $20,000 by 2025 according to a Finder\u2019s panel. Ethereum has since been gaining momentum, starting out at $1,000 at the beginning of the year and reaching an all time high of $4,196.63, according to Coin Metrics. Before losing steam and dropping down to its current price at $2,400. Clocking an average growth rate of 197.4% in 2021. This massive run has given the coin a lot of popularity. Ethereum currently ranks as the second most popular coin behind Bitcoin. Related Reading |\u00a0Billionaire Tim Draper: Bitcoin Will Reach $250,000 By The End Of 2022 With so much support pouring out for the coin, investors in the coin have been very bullish on it. Lots of analysts believe that Ethereum is poised to overtake Bitcoin as the most popular coin in the market. So much technological advancements are being carried out on the blockchain that its use cases seem to be endless. Impact Of DeFi and NFTs The growing popularity of decentralized finance (DeFi) and NFTs have helped to push the popularity of Ethereum. Giving it more use cases that benefits the investors in the coin. About 70 percent of the panel agreed that with DeFi and NFTs, Ethereum now has more use cases than Bitcoin. John Hawkins, senior lecturer at the University of Canberra, went against the grain to say more use cases would not necessarily benefit the coin. He expanded on this by saying that Ethereum will most likely get dragged down with Bitcoin. Despite having more use cases. Ethereum price sits below $2,5000 | Source: ETHUSD on TradingView.com With staking and yield farming with DeFi, investors have found another way to put their investments to work, while at the same time benefiting 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 to solve the current bottlenecks of the network. It will also increase the number of transactions being made on the network. Hopefully helping to reduce the exorbitant fees being charged for transactions when network traffic is high. Ethereum Predictions By Finder\u2019s Panelists The Finder\u2019s panel consisted of a number of prominent panelists. Present were Dr. Iwa Salami from the University of East London. COO of BitBull Capital, Sarah Bergstrand. Vishal Shah, CEO of Alpha5. Head Economist at ConsenSys, Lex Sokolin. Amongst others. A good number of the panel seemed to agree that while the coin might not have much further to run this year, the next four years is going to see a massive run. CEO Vishal Shah was on the more conservative side. He predicted that the coin would not be worth much more than it is now. Putting it at just $4,000 by 2025. Shah believes that Ethereum will continue to perform. But that the unlimited supply of the coin is a demerit to it. He also added that Ethereum was in a race with other protocols for the its usability profile. And that there are other faster and cheaper chains that will rival the coin in the future. Related Reading |\u00a0TA: Ethereum Price Holds Strong, Why Dips Remain Limited Below $1,850 Others did not see this as a befitting forecast. Citing the upgrades being done on the network, Sarah Bergstrand, Chief Operations Officer at BitBull, gave a price prediction of $100,000 per ETH by the end of 2025. A staggering forecast. She believes that mass adoption of Bitcoin will be followed by mass adoption of Ethereum. Also that the upgrades being carried out on the network will help to push the price higher. Dr. Paul Ennis put his prediction at $10,000 by the end of 2025. Stating that Ethereum is currently undervalued. Dr. Salami went on to give the coin a $20,000 forecast by 2025. This brought the average of the panel\u2019s predictions to $19,842 per ETH by 2025. Featured image from Blockchain News, chart from TradingView.com<\/p>\n","protected":false},"author":541,"featured_media":465781,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[13625],"tags":[54512,8323,83751,1946,16261,15369],"class_list":["post-465780","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ethereum","tag-defi","tag-eth","tag-eth-forecasts","tag-ethereum","tag-ethereum-price-predictions","tag-nft"],"acf":[],"yoast_head":"\nEthereum to $20,000? Factors Behind The Bold Call<\/title>\n<meta name=\"description\" content=\"Ethereum could reach $20,000 by 2025 according to a Finder\u2019s panel. 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Best is a highly skilled professional with a track record of producing engaging and informative content. With a keen eye for detail and a passion for accuracy, Best is committed to ensuring that each article published meets the highest standards of quality. Best has over six years of experience in the crypto industry and has overseen the creation and publishing of thousands of articles over the years. Best is always abreast of everything that is going on in the crypto industry in order to create and curate the most relevant content for readers. This shines through in Best\u2019s publications, which are always clear and concise, enabling easy reading and understanding for all. Best is also an avid learner and advocate for new technology. This has seen Best dive into topics in areas such as decentralized finance (DeFi), non-fungible tokens (NFTs), Layer 2 blockchains, etc. In addition to this, Best is a vocal member of the crypto community across various social media platforms such as X and Reddit. Best\u2019s work garners tens of thousands of readers monthly, who rely on the information in these publications to keep up-to-date with everything happening in the crypto community. Best\u2019s articles explore breaking news, intricate systems such as yield farming, liquidity pools, and other decentralized finance (DeFi) systems. This is because Best understands the importance of information to gaining financial freedom and believes that everyone should have access to this information. Best also believes in leveraging the blockchain for philanthropy to create the most positive social impact. This involves work with charitable organizations focused on financial literacy and education. With each article, Best lends a voice to important issues such as a more financially inclusive future, transparent systems for growth and development, and technology that is not self-serving but one that serves all of humanity. When not curating engaging content, Best can be found reading a book with a cup of hot chocolate, enjoying a Netflix series, or exploring the outdoors with Green - the world\u2019s most quiet and well-behaved Husky. Best\u2019s interests also span other industries such as art, finance, and security, attending seminars and conferences in not just the crypto industry but other industries as well. As an animal lover, Best is also involved with charities for animals, local shelters, and rescues. Best is also involved in local events that promote inclusivity, such as being a prominent member of hiking clubs and a cycling club, as well as being a part of a very happy group of animal lovers. Best is a true professional in every sense of the word, with an exceptional dedication to producing high-quality work. This shines through in Best's work on and off the clock. These include advocating for inclusive crypto education for all, the impact of financial illiteracy, and the benefits of adopting new technologies such as cryptocurrencies. Best\u2019s prolific career in the media industry is a testament of how hard work and dedication pays.","sameAs":["https:\/\/www.linkedin.com\/in\/best-owie-41a150178\/","https:\/\/x.com\/https:\/\/twitter.com\/BestOwie"],"url":"https:\/\/uniquehot.com\/author\/owiebest\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Ethereum to $20,000? 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