Finder’s Panel of Fintech Specialists Predict Ethereum Will Attain $5,114 This 12 months, Over $50Ok by 2030 – Bitcoin Information
In late July, product comparison website Finder.com released its expert panel research that predicted the crypto asset Ethereum would hit $ 45,000 this year. On October 25th, Finder updated its Ethereum Price Predictions Report, which polled 50 financial technology specialists, and it is expected that Ethereum will hit “USD 5,114” by the end of this year.
The Finder panel suggests Ethereum will be above $ 5,000 by the end of the year
Finder, an investment-related application and product comparison website, has published numerous surveys and panel forecasts on the growing cryptocurrency economy. The researchers on the comparison website look at a variety of different crypto assets such as Bitcoin (BTC), Litecoin (LTC) and Ethereum (ETH). Last July, Finder’s researchers surveyed experts in the financial technology (fintech) sector and the group predicted that ether would hit $ 45,000 by year-end and $ 18,000 by 2025.
On Monday, Finder.com’s Tim Falk and Richard Laycock published a new report that asked 50 fintech specialists who were discussing the second largest crypto asset, Ethereum (ETH). In the past 24 hours, ETH spot prices were just above the $ 4,000 mark – between $ 4,075 and $ 4,250 per unit. In the latest report, 50 fintech specialists were surveyed from September 24 to October 11, 2021. Finder said the researchers used the survey on a “truncated mean,” meaning that the top and bottom 10% outliers were removed from the data.
Finder survey data released on Monday, October 25, 2021.
The report shows that ETH price is expected to hit $ 5,114 by the end of this year, but by 2025 the panel predicts the ETH price will rise to $ 15,364 per unit. Experts also believe that a single ether can more than triple by the end of 2030, reaching $ 50,788 per ETH. The data shows that 63% of panellists believe it is a good time to buy ether, while 9% say they are selling. 28% of the surveyed panel members say that ether owners should “hodl”.
Ethereum is expected to lose 30% of the market share to alternative L1 networks, 13% of the panelists believe Solana can overtake Ethereum
Another interesting statistic is that Ethereum (ETH) is expected to lose 30% of its market share to alternative Layer 1 (L1) networks over the next year. Daniel Polotsky, the founder of Coinflip, believes ETH will be worth $ 4,500 by the end of the year. However, Polotsky believes that Ethereum’s growth could one day outperform the leading crypto asset Bitcoin (BTC).
“Ethereum supports the development of its blockchain better and will have an easier proof-of-stake mining model than Bitcoin [which] means it can potentially be the backbone of Web 3.0, ”noted Polotsky in the poll’s notes. He added:
[This] makes me believe that its growth rate could even surpass that of Bitcoin over the next decade.
The data also shows that one in ten respondents to Finder’s Ethereum survey (13%) believe the Solana (SOL) network will overtake Ethereum as the primary decentralized financial platform (defi). Johannes Schweifer, CEO of Coreledger AG, is one of the 13% who believe that SOL can outperform ETH in this way. According to Schweifer, Ethereum will not be able to solve the network’s scaling problems.
“It wasn’t designed for high throughput, and developers know that while other Layer 1 solutions like Solana are. The market will grow rapidly with their maturity and they will get the lion’s share of all new business that is not based solely on speculation, ”continues Schweifer.
What do you think of the latest Finder survey that predicts Ethereum can hit $ 5,114 by the end of the year? Let us know what you think on this matter in the comments below.
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