Langgam Pos - Pedro Febrero of Realfevr forecasts a significant rise in Ethereum's price, potentially reaching USD 20,000 (IDR 323.6 million) due to its widespread use and institutional investment potential.
A recent survey of 32 cryptocurrency experts on Finder’s panel anticipates substantial growth for Ethereum (ETH). The average prediction suggests that Ether’s price could reach USD 5,368 (IDR 86.8 million) by the end of 2024, USD 7,359 (IDR 119 million) by the end of 2025, and an impressive USD 23,549 (IDR 381 million) by 2030.
Most respondents attribute this predicted growth to institutional factors, such as the introduction of Ethereum exchange-traded funds (ETFs).
“On average, our panel expects Ethereum (ETH) to be worth USD 5,368 by the end of 2024, rising to USD 7,359 by the end of 2025, and potentially reaching USD 23,549 by 2030,” the experts said, according to News.bitcoin.com on Sunday (August 4, 2024).
These forecasts are slightly less optimistic than those made in April.
Notably, Josh Fraser, co-founder of Origin Protocol, anticipates that ETH could hit USD 13,500 (IDR 218.4 million) by the end of the year, attributing this surge to the impact of the upcoming ETH ETFs.
Similarly, Julian Hosp, CEO of Cake Group, predicts Ethereum could reach USD 10,000 (IDR 161.8 million), driven by the ETF launch.
On the other hand, John Hawkins from the University of Canberra provides a bearish outlook, forecasting a drop in ETH’s price to USD 2,700 (IDR 43.6 million), citing the speculative nature of cryptocurrencies.
“According to our panelists, the average peak price of ETH in 2024 is expected to be USD 6,050, with some predicting it could reach as high as USD 20,000. The lowest average price projected by our panel for 2024 is USD 2,669, with some forecasting a drop to as low as USD 1,500,” Finder detailed.
“Most of the panel (64%) believe it is time to buy, with just under a third (29%) recommending to hold, and only 7% suggesting to sell,” they added.
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