VanEck, StoneX analysts estimate the price of Ether between 12 thousand and 22 thousand dollars.
The Ether (ETH) spot price could rise from $12,000 to $22,000 by the end of this decade in a bullish scenario.
VanEck's head of digital asset research, Matthew Siegel, expects the Ethereum network to generate up to $66 billion in annual free cash flow by 2030, with the price of ETH reaching $22,000 per token.
David Kroeger, a data scientist at StoneX, sees the price of ETH rising to around $4,600 in the next 18 months.
“The upside, however, is very high — to $12,621 — especially considering some of the technological improvements that Ethereum is making,” Kroger said with Siegel at the Sept. 10 StoneX panel.
ETH benchmarks for the 12 months prior to June 2024. Source: VanEick
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As Ethereum continues to grow from a growing number of global transactions, the estimates are based on the expected value of transaction fees for ETH holders.
“Ethereum did about $4 trillion in settlement value last year and $5 trillion annually in stablecoin transactions. So this is much bigger than PayPal and it's starting to approach networks like Visa,” Siegel said.
In the year Since its launch in 2015, Ethereum has generated $3 billion in payments (denominated in ETH), Siegel said. Other methods of storing ETH value include “burning” or permanently removing it from circulation – part of transaction fees and issuing new ETH to secure the network by rewarding stakeholders who have pledged ETH.
Scenarios for ETH in 2030. Source: VanEck
As Ethereum recovers from a sharp decline in revenue after the network's March Denko upgrade slashed transaction fees by 95%, Sigel said positive ETH price action could begin this year.
“There wasn't enough volume to compensate for the discount, so investors were less bullish on the chain,” he said. “Ethereum still has some levers to pull to regain value […] That is what we are looking at in the second half of the year.
Growth in Ethereum daily active users. Source: VanEck
Ethereum's investment case “begins with the macro recognition that trust in existing centralized institutions is waning.” Globally … there is a strong demand for decentralized options where the rules are equal for all,” Kroger said.
“Demand is more obvious from outside,” he added. [United States] Because of the damage done to the credibility of the dollar.
Siegel said the election victory of Democratic presidential candidate Kamala Harris “is bullish for Bitcoin and Bitcoin dominance” but “could be hostile to coins other than Bitcoin.”
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