The price comparison portal Finder updated its ETH price predictions last week with the latest quarterly survey. The company uses weekly and quarterly surveys to measure expert predictions about the future price for ether. Finder explained that the company’s most recent quarterly survey was conducted in April and asked 36 industry experts to share their opinions on how ethereum will perform in the next ten years.
Expert panel estimates Ethereum will be worth $5,783 at the end of 2022. Ethereum trades at $2,816, a decrease of 3.6% in the last seven days, and nearly 18.3% in the past 30 days.
Finder details the predictions of an expert panel.
Ethereum’s current price of US$2,810 will rise to US$5,783 at the end of 2022… The price is expected to continue rising, reaching $11,764 in 2025 and $23,372 in 2030.
The company stated that ‘compared to the late 2021 survey results, our panel is now much more bearish about Ethereum’s long-term future. This may be due to its dip in value since then and their new prediction of $5,783-2030.’ “In January 2022, the average prediction by the panel was $6,500, which is 12% more than their current prediction of $5,783.”
Keegan Francis is Finder’s global crypto editor.
Ethereum is in a very uncertain stage of its journey right now. It is losing Defi [decentralized financing] market share to its rivals.
“Until Ethereum upgrades its systems, fulfills its promises to scaling, I don’t have long-term faith in the network. That being said, I still think people will buy the token out of hype/promise/potential,’ he added.
Thomson Reuters futurist and technologist Joseph Raczynski stated that the Merge, which is an upgrade to Ethereum, should take place this summer. This could have a huge impact on the token. This is what people have been waiting for for many years. It should be much safer, 99% more efficient in energy use, and deflationary. It is a leader blockchain and if that doesn’t make it the trifecta, I don’t know what else.
When asked whether it was time to sell, hold or buy ether, 61% answered that it was the right time, while 32% stated that you should hodl. Only 6% of respondents said that now is the right time to sell.
The panel includes the COO of Okcoin and the cofounder of Coinmama. Also, the CEO of Btblock and the head economist of Consensys. The CEO of Delta Investment Tracker is the head of funds at Digitalx Asset Management. Origin Protocol’s founder is the CEO of Coinjar. He is also a senior lecturer at University of Canberra.