ETHUSDT on Tradingview.com<\/a><\/figcaption><\/figure>\n <\/p>\n","protected":false},"excerpt":{"rendered":"
Asset manager VanEck recently revised its prediction for Ethereum (ETH), revealing what price it believes the second-largest crypto token could reach by 2030. The firm also did well to outline what could drive Ethereum\u2019s price to this revised price.\u00a0 Ethereum To Reach $22,000 By 2030 In a recent blog post, VanEck predicted that Ethereum could reach $22,000 by 2030. Before now, the asset manager had predicted that the crypto token would hit $11,800 by 2030. However, VanEck suggested they had become more bullish on ETH in anticipation of the Spot Ethereum ETFs, which could begin trading soon.\u00a0 Related Reading: Crypto Analyst Forecasts A 4,000% XRP Price Run To $30, Here\u2019s When They noted that these Spot Ethereum ETFs have caused them to revise their earlier prediction since these funds will allow financial advisors and institutional investors to hold the crypto token. They believe this category of investors could bring new money into the Ethereum ecosystem, further driving up the crypto token\u2019s price.\u00a0 VanEck projects that the Ethereum network will likely continue to enjoy rapid share market growth thanks to interest from traditional investors and Big Tech. They believe this, along with EETH\u2019s dominance among smart contract platforms, could lead to a \u201ccreate path to $66 billion in free cash flows\u201d for the network.\u00a0 They base their projection of ETH\u2019s valuation by 2030 on this, stating that these cash flows will accrue to Ethereum\u2019s native token. A rise to $22,000 represents a return of around 487% from Ethereum\u2019s current price and a compound annual growth rate (CAGR) of 37.8%. Meanwhile, Ethereum reaching $22,000 will give it a market cap of around $2.2 trillion.\u00a0 Highlighting Ethereum\u2019s Potential VanEck sounded very bullish on the Ethereum ecosystem as it claimed that the network could disrupt existing financial businesses and the largest tech companies, including Google and Apple. Given that Ethereum has earned a reputation as the platform for decentralized applications (dApps), they factored in the market size of business sectors that blockchain technology will disrupt while determining ETH’s future valuation.\u00a0 Related Reading: Shiba Inu Burn Rate Flatlines With 99% Crash, End Of The Road For SHIB? The asset manager also highlighted how ETH benefits massively from ETH’s potential since no action can be taken on the network without the native token. Additionally, they noted how 80% of the revenues earned on the network are used to buy back and burn Ethereum tokens in circulation.\u00a0 Meanwhile, VanEck believes that ETH is \u201ca revolutionary asset with few parallels in the non-crypto financial world.\u201d They referred to it as \u201cDigita Oil\u201d since it is consumed by those transacting on the Ethereum network.\u00a0 The asset manager also called it \u201cProgrammable Money\u201d and \u201cYield Bearing Commodity\u201d because of how automated the Ethereum network is and that validators earn yields on the crypto token when they stake their ETH. Lastly, it was referred to as the \u201cInternet Reserve Currency\u201d since it serves as the \u201cbase asset\u201d for all activity and most digital assets with the ETH ecosystem worth over $1 trillion.\u00a0 <\/p>\n","protected":false},"author":594,"featured_media":611807,"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":[8323,89213,16163,1946,7931,6931,8686,78803],"class_list":["post-611795","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ethereum","tag-eth","tag-eth-news","tag-eth-price","tag-ethereum","tag-ethereum-news","tag-ethereum-price","tag-ethusd","tag-ethusdt"],"acf":[],"yoast_head":"\n
VanEck Revises Ethereum Prediction To Put Price At $22,000, Here's Why<\/title>\n \n \n \n \n \n \n \n \n \n \n \n \n \n\t \n\t \n\t \n \n \n \n \n \n\t \n\t \n\t \n