Ethereum is one of the major cryptocurrencies by market cap, next in popularity only to Bitcoin. It has a market cap of $208,829,810,767. On Friday, July 29, 2022, Ethereum was trading for 1,715.35 USD per ETH and a daily trading volume of $26,982,446.472.00. The crypto market has witnessed a downturn in recent times, with both major and minor cryptocurrencies recording a decrease in value. Due to the market’s volatility, traders and investors wonder, will Ethereum rise again? Will Ethereum be a worthy investment? What is Ethereum price prediction in the coming years? The following article will explain the price predictions of Ethereum in 2030 and the next few years.Â
- Also learn about: How to buy Ethereum
What is the Price Prediction of Ethereum in 2030?
According to expert forecast and analysis, Ethereum is expected to reach as high as $15,000 in 2030. This price prediction takes the upcoming upgrades of the ETH blockchain into consideration. Upgrades to tokenomics and scalability are expected to influence ETH prices positively.
If you are a current holder of ETH, you should expect the next few months to be a run of ups and downs. Ethereum is predicted to price as low as $675 before hitting $1,700, where it is expected to balance for the year 2022.
Ethereum Price Prediction From the Year 2023 to 2030
- ETH price prediction 2023 – Following current economic situations, analysts predict Ethereum will battle significant resistance in 2023 at the $1,500 mark. However, if Ethereum can withstand and overcome the resistance, it could trade for $2,500 or even more.Â
- ETH price prediction 2024 – Predicted that this year would witness another huge halving. Similar to what happened in previous cases, the halving of Bitcoin could kick start another rapid upturn; if this happens, the value of Ethereum will soar, easily defeating its last all-time high value of $4,800. It could go as high as $6,000 or even more in 2024.
- ETH price prediction 2025 – By 2025, experts believe that cryptocurrency and Ethereum, in particular, will have become widely accepted. Transactions and digital innovations will likely find the Ethereum ecosystem favorable, which will positively affect ETH’s value. This could lead to ETH trading for as much as $10,000.
- Ethereum price prediction 2026 – Following the trend of Bitcoin halvings, the year 2026 could serve as a correction. Prior trends indicate years following halvings record a drop as high as 80 percent of values recorded during halvings. However, there is no assurance of the post-halving pattern. This is because the crypto market is still new and the history relatively recent; patterns are likely to change. However, following the already laid downtrends, the crypto market is expected to expand in the next five years, and the volatility of the market will be reduced to a large extent. In that vein, the price prediction for Ethereum in 2026 is $8,000.
- Ethereum price prediction 2027 – Following bullish runs in 2025, and a correction in 2026, means 2027 is likely to be a consolidation period. However, due to the nature of Ethereum, 2027 could also be a year of gains for the digital currency. The price prediction of Ethereum in 2027 is $9,200.
- Ethereum price prediction 2028 – 2028 is predicted to be another year of Bitcoin halving. This should usher in another bullish period, and Ethereum value reaching $11,000
- Ethereum price prediction 2029 – The cryptocurrency market is likely to peak around this year, and cryptocurrencies are likely to adapt to a relatively constant value. The price prediction for ETH in 2029 is $12,575
- Ethereum price prediction 2030 – In 2030, digital currencies will have become incorporated into our existence, and more companies will run on the Ethereum blockchain. This could result in a value of around $15,000.
The Bottom Line
Due to current market conditions and the state of the global economy, Ethereum is expected to remain bearish in the next few months. However, factors like the upcoming merge are likely to affect the price of Ethereum positively.
The future of Ethereum will be influenced by numerous factors ranging from the performance of the stock markets, crypto markets, and economic sentiments. You should keep track of these factors to know whether or not you should review your prediction upwards or downwards.Â
Frequently Asked Questions
What Influences the Price of Ethereum?
- Utility – Ethereum is among the few digital currencies with real-life use cases. The Ethereum blockchain has been a medium to launch various decentralized applications, positively impacting ETH value. The more utility Ethereum has, the greater the value, which is why the currency has witnessed growth over the years.
- First-mover advantage – Just like other markets, the first movers in crypto have the upper hand. Ethereum is the first blockchain used in creating smart contracts. This has led to a growth in the community of ETH users. At the moment, Ethereum is tackling issues with scaling, which is likely to increase the community size and, ultimately, ETH value.
- Competition – Competition has countered utility gains in the price of ETH. The increasing number of competitors has reduced the market share of Ethereum. However, Ethereum continues to thrive due to its network’s security and its decentralized nature.
Is Ethereum a good investment?
Ethereum has good chances of growth and improved use cases. However, it is not the only cryptocurrency worthy of investment. Ethereum has had significant scalability issues, which has negatively affected its growth, but the platform is undergoing upgrades to solve its scalability issues.
Before investing in any cryptocurrency, it is best to check its use case, the risks involved, the blockchain on which it is built, and the currency history.
Will Ethereum be the next Bitcoin?
Ethereum and Bitcoin are different in their utility. Bitcoin is mainly used for storing value, while Ethereum is used to build new technology, like smart contracts for securing transactions. Bitcoin will always be a valuable crypto asset due to its popularity and community, while Ethereum has potential and will constantly upgrade.