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Global investment firm VanEck has made a prediction regarding the possible price levels Ethereum (ETH) might reach by 2030. The report, penned by VanEck’s Head of Digital Assets Research Matthew Sigel and Senior Investment Analyst Patrick Bush, proposes that ETH could reach a price of $11,800 by 2030.
ETH 2030 Forecast by VanEck
In an official blog post, VanEck provides a foresight into what price levels Ethereum (ETH) could potentially attain by 2030. Sigel and Bush have crafted a detailed report regarding ETH’s possible long-term price performance. VanEck posits that by 2030, ETH could climb to price levels of $11,800 and that in the long term, ETH could rival U.S. Treasury bonds.
Furthermore, VanEck suggests that by 2030, ETH’s annual network revenue will rise from an average of $2.6 billion to $51 billion. VanEck, while predicting a rise in network revenues to $51 billion, also believes that by 2030, Ethereum will hold a 70% market share amongst smart contracts.
What’s the Latest on Ethereum (ETH)?
The leading cryptocurrency, Bitcoin (BTC), has started the new week with a decline, recording a loss of nearly 2% in value in the last 24 hours, slipping to price levels of $26,750. The crypto market, influenced by the decline in Bitcoin’s value, started trending downwards. According to CoinMarketCap (CMC), the total market value of the crypto ecosystem has dropped to $1.13 trillion.
With the downturn in the crypto market, Ethereum (ETH) has once again trended downward, accelerating its losses since the morning. Following a decline below $1900 last week, ETH has started the new week with a drop, recording a loss of nearly 2% in the last 24 hours, and is currently trading at $1870.
