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- The average price of Ethereum could touch $4.5k by the end of the year
- The average price of Ethereum could touch $18Kin 2025
- The switch to proof-of-stake Ethereum is planning will help it surge beyond Bitcoin in future
According to a price prediction poll by Finder, the second-ranked cryptocurrency by market capitalization, Ethereum will have a bullish year. Finder poll hints that the average price of Ethereum could touch $4.5k by the end of the year. The polled experts in the cryptocurrency industry also predict a bullish run for Ethereum in the long term and expect a price of about $18K for the year 2025.
Polled experts in the cryptocurrency industry predict bullish runs about Ethereum in the Short Term
Finder, which is an investing companion app, conducted a poll among experts in the cryptocurrency industry. Finder released the survey results, which reveal a bullish outlook for Ethereum in both the short term and long term. For example, 27 among the 42 experts who gave their opinion poll conducted by Finder expect Ethereum to be at $4,596 by December 31, 2021. Experts gave varied reasons for coming to this conclusion. However, most experts feel that the cryptocurrency segment is entering a bullish phase, and this positive sentiment will rub on to all the other crypto assets, including Ethereum. In addition, some experts based their opinion upon the forthcoming software upgrades, which will fix the scaling issues of Ethereum shortly.
Among the experts who were asked to opine on the future of Ethereum was All nodes CEO and founder Konstantin Boyko-Romanovsky. He predicted that Ethereum would breach the $5K mark by the end of the year 2021. He also based his deduction on the continuous development of Ethereum.
Boyka stated that a deflationary type of asset, Level 2 networks, institutional acceptance, mass use, DeFi, and continuous dapps development are all contributing factors that will lead to the future price appreciation of Ethereum.
Last year was perfect for Ethereum, and it has grown immensely. The rise of supplementary scaling networks, like Arbitrum and Optimism, has helped in this growth positively. Ajay Shrestha, a PhD candidate of the University of Saskatchewan, stated that the ETH community is one of the most active communities, which undoubtedly aids in the continuous development further along the road.
Polled experts in the cryptocurrency industry predict bullish runs about Ethereum in the long term
Most of the polled experts predict a bullish run for Ethereum in the long run also. Most of the polled experts predicted that Ethereum would touch $17,810 in 2025. However, some are expecting an even more bullish run for the second-largest cryptocurrency. For example, trade the Chain cofounder Ryan Gorman believes ethereum will go up to $100,000 by December 2030.
Ryan feels that DeFi projects and other applications which are being conceptualized will bear fruition in the future. They will be built on the Ethereum blockchain and see rapid growth. It will help Ether eventually surge ahead of Bitcoin as the world’s number one cryptocurrency.
Over 71% of the polled experts feel that the switch to proof-of-stake Ethereum is planning to make in the future will give it an edge over other, proof-of-work-based cryptocurrencies, like Bitcoin.
Andrew is a blockchain developer who developed his interest in cryptocurrencies while pursuing his post-graduation major in blockchain development. He is a keen observer of details and shares his passion for writing, along with coding. His backend knowledge about blockchain helps him give a unique perspective to his writing skills, and a reliable craft at explaining the concepts such as blockchain programming, languages and token minting. He also frequently shares technical details and performance indicators of ICOs and IDOs.
