Ethereum to Hit $14K in Less Than a Decade (Survey)

A study by Finder, an Australian fintech company, revealed that 78 percent of participants believe Ethereum’s Merge will have a positive effect on its price. They predicted that ETH’s value will reach $1,700 by 2022 and exceed $14,000 by 2030.

Ethereum’s Potential Price Pumps

It’s safe to say that Ethereum is one of the most talked about topics in cryptocurrency lately. It is expected that the blockchain project will move from Proof-of-Work to Proof-of-Stake consensus mechanisms. The “The Merge” process is a step towards the future development of the protocol and should be complete by the end the summer.

Ethereum’s bullish news fueled an increase in Ether’s (ETH) price. It rose by 60% in 10 days, and hit a multi-month high above $1,600. However, it has retraced slightly since then.

Finder, an Australian comparison platform, conducted research to determine what investors believe ETH will fetch in the next years. The majority of participants think the token will reach $1,700 by the end the year. Its price could rise to $15,000. In 2030, it could reach $15,000,000.

Notably, almost 80% of respondents believe that this surge will only occur if “The Merge” is completed. Taking a closer look at these results, 29% believe ETH’s value will rise immediately following the move, 24% think it will happen three months later, 11% believe the asset will see its price increase over a period of one year after it is converted to PoS.

Joseph Raczynski – Technologist for Thomson Reuters – argued Ethereum is “the blue-blood of the crypto world” because it “supports hundreds billions of dollars of transactions and value, and has thousands of tokens.”

Others, such as Asher Tan, CEO of CoinJar, and Daniel Polotsky, Founder and Chairman at CoinFlip, were more optimistic and predicted that ETH would reach $2,000 by the end of 2018.

Polotsky cited Bitcoin as the most widely used digital asset and the one most trusted by the wider society. He suggested that Ether, which is a “speculative” cryptocurrency, might be a better investment in times of economic turmoil because it could bring investors more profit.

Hayes believes ETH could reach $10K by 2022

Arthur Hayes, Co-Founder and former CEO at BitMEX, was another prominent figure in the digital asset sector to make his prediction on Ether’s price.

He stated last month that the market was either at the bottom of its cycle or had already reached it. Accordingly, Ether and other digital assets could see a rise in prices.

He stated that the second-biggest cryptocurrency could reach $10,000 this year, assuming the market continues to rise.

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Marla Brooks

Marla Brooks – Financial Analysis My name is Marla Brooks, and I am the mainstream behind the”observednews.com”  for the powerful and most delicate insights into the latest activities in the financial analysis category. I started my journey as an independent financial consultant. I had approximately nine years of experience in this field. I am free soul so; my passion for exploring the world has taken me to the nations across the globe and given me the chance to report for a portion of the best news associations. Currently, I am a full-time editor as experienced in finance and started to use my abilities.

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