According to a new survey from Finder.com, 55 fintech and cryptocurrency experts predict that the Ethereum price will be lower next year.
Experts expect Ethereum price to close the year at $1,377
On October 11, product and price comparison site Finder.com published a new forecast survey about Ethereum. According to the results, 46% of panelists expect the ETH price to drop to $675 by the end of the year. They predicted that we could see a correction up to $963 in the short term. Panelists also predicted that ETH price will close 2022 at $1,377 after bottoming out at $963. 31% of respondents think Ethereum is currently at its ideal price. 23% said that ETH is more expensive than it deserves.
Here are the ETH price predictions for 2025 and 2030
Panelists expect ETH to reach $5,154 by 2025. Forecasts for 2030 extend to $11,727. Meanwhile, some experts said that Ethereum will be closer to these levels by the end of the year. Thomson Reuters technologist Joseph Raczynski predicts that ETH will reach $1,700 by the end of 2022:
Ethereum price is still valuable and safe as it drops. It is also much better in terms of environmental impact, reducing electricity consumption by over 99%.
Yves Longchamp, head of research at SEBA Bank, believes Ethereum is pretty affordable right now. “The Ethereum ecosystem is undergoing a series of updates,” Longchamp wrote, adding:
All aim to drive the Ethereum network towards greater scalability, transaction speed and cost efficiency. Merge will build Ethereum as a global settlement layer suitable for building powerful decentralized applications.
Experts say that while Ethereum gains points from environmentalists, it lacks decentralization
Boston Trading CFO Jeremy Britton detailed during the survey that despite Ethereum gaining points with governments and environmentalists, the protocol “lacks the decentralization for which crypto is intended.” Tommy Honan, Swyftx’s head of strategic partnerships, takes a similar view. Honan says the concentration of volatilers in the ETH network is worrying. He adds that this could give Bitcoin (BTC) an edge:
Early statistics on the concentration of staking volatiles are quite alarming, given that there are 5 or more US-based. While I believe this will improve over time, the merge means that it contributes more to the centralization of another card, Ethereum, for Bitcoin maximalists to surpass its closest competitor.
However, 56% of Finder panelists don’t think Ethereum will ever be “monopolized by a single player.” 22 percent said a single player can monopolize the ETH network. Another 22 said they were “not sure” whether ETH would be managed by centralized entities in the future. As you follow on Kriptokoin.com, Ethereum is currently trading at $1,212.44. It has lost more than 6% in value compared to the last 24 hours.
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