Ethereum Price Predictions: How Much Will ETH Be Worth In 2022 And Beyond?
After hitting $4,859.50, what’s next for the price of Ethereum (ETH) in 2022?
Wondering will Ethereum go up or crash? Looking for the top Ethereum price predictions in 2022? Or have you been struggling to answer the question ‘is Ethereum a good investment?’ You’re in the right place. Read our Ethereum price predictions for 2022–2030 and beyond.
We’ll be exploring what the experts have to say about Ethereum’s future performance. After hitting $4,859.50 on the 10th of November 2021, what’s next for the price of Ethereum (ETH) in 2022? Is Ethereum a good investment? Read on to discover the top ETH price predictions for 2022-2027.
With a current price of $4,205.79 and a market cap of $491.38 billion, Ethereum (ETH) shows no sign of slowing down. The so-called digital silver has grown by almost $3,500 since the start of 2021, after initially hitting a price of $1,000 in January 2021. But as the market-wide bull run appears to be levelling out for other cryptos, many investors are wondering ‘can Ethereum make me rich?’
Unlike many other crypto assets, Ethereum has maintained its market position during the latest upturn. Before 2021, its all-time high (ATH) was around $1,127. So, how high should we expect its price to soar? Although 2021 saw the majority of cryptocurrencies gain value, many big names have also been displaced. Bitcoin (BTC) and Ethereum have both retained their top spots, so confidence in both assets remains high.
According to recent long-term forecasts, the price of Ethereum could reach $7,000 by the end of 2022, rising to $11,342.80 by the end of 2023 and $46,180 by the end of 2025. Ethereum will then rise to $51,333.97 in 2027, and $164,984.04 in 2030.
But how realistic are these predictions? If you’re wondering ‘is Ethereum a good investment?’ Read on. In this article, we visit some of the top Ethereum price predictions for 2022-2027. Whether you’re an existing or prospective investor, keep reading to find out if ETH will gain value over the next five years and much more.
If you want to buy Ethereum quickly and easily, with 0% commission, check out eToro Exchange!
- What Is Ethereum And How Does It Work?
- Short-Term Ethereum Price Predictions: 2022
- Long-Term Ethereum Price Predictions: 2023-2027
- Trading Education Ethereum Price Predictions
- Conclusion: Ethereum ETH Price Prediction Forecast
- Who Has Invested In Ethereum?
- How Has The Price Of Ethereum Changed Over Time?
- What Factors Affect The Price Of Ethereum?
- Key Points
- eToro – Best Platform To Buy Ethereum
What Is Ethereum And How Does It Work?
First launched in 2014, Ethereum is one of the world’s oldest altcoins and the second-largest cryptocurrency after Bitcoin. It’s also the most successful and it’s won a host of dedicated investors over the years.
Although ‘Ethereum’ is often used as a catch-all term, it’s actually the name of the blockchain network which its native currency (the Ether, ETH) runs on. This network uses smart contracts to carry out transactions that are 100% secure.
Unlike Bitcoin, there is no fixed supply of Ether, which means it’s a lot more scalable than other crypto alternatives. This is just one of the reasons why many investors believe Ethereum will ultimately outperform Bitcoin.
As we mentioned in the introduction, Ethereum is an open-source blockchain technology platform that carries out secure crypto transactions. This open-source blockchain is known as a decentralised application, otherwise referred to as a dApp.
In addition to its native Ether, the Ethereum platform also supports many other cryptocurrencies. A lot of these cryptos are active in the decentralised finance (DeFi) market — a fast-growing sector that provides services such as loans, insurance, and savings programmes free from the tethers of big banks and other centralised businesses.
Throughout 2020, Ethereum processed $13.5 billion worth on decentralised exchanges, up from less than $3 billion in 2019. As the demand for more decentralised services continues to grow, Ethereum will benefit from the success of the altcoins which run on its platform.
As well as being the second-largest cryptocurrency, the Financial Conduct Authority (FCA) has also discovered that Ethereum is the third most widely known crypto in the United Kingdom. 17% of its respondents reported that they had heard of the altcoin before in 2021, placing it behind Bitcoin and Bitcoin Cash (BCH).
Excited by Ethereum’s recent growth? Keen to answer the question ‘is Ethereum a good investment’? You’re in the right place. We’ve explored what the experts have to say about the price of Ethereum in 2021 and beyond.
Short-Term Ethereum Price Predictions: 2022
Ethereum price prediction for 2022
After hitting an ATH of $4,859.50, what’s next for the price of Ethereum (ETH)? Is ETH a good investment? Read on to discover the top Ethereum price predictions for 2022.
Our first short-term Ethereum price prediction comes from WalletInvestor. The investment analysis platform is highly bullish on the price of Ethereum for 2022, as the graph shows below.
If you’re wondering ‘will Ethereum reach $5,000?’ This prediction should be good news. As we can see, WalletInvestor believes that the price of Ethereum could reach beyond $7,000 before the start of 2023. This might not rival Bitcoin’s growth but considering the ATH of Ethereum was just $1,127 before 2021, it’s clear this year has signalled a major turning point for the asset.
According to WalletInvestor’s 2022 Ethereum forecast, ETH will continue to increase and gain value throughout 2022.
By the end of 2022, WalletInvestor has listed the following potential prices for Ethereum:
- Average price: $7,423.030
- Minimum price: $6,959.490
- Maximum price: $7,905.860
WalletInvestor believes the price of Ethereum will go from strength to strength, eventually closing 2021 at a maximum potential value of $7,905.860, suggesting it could work its way to $8,000 and above in 2023 if it can maintain its upward momentum. This is an excellent 2022 price prediction because even the minimum price WalletInvestor has predicted of $6,959.490 is $2,000 above Ethereum’s current ATH of $4,859.50.
For our second short-term Ethereum price prediction for 2022, we’ve turned to Previsioni Bitcoin which is often optimistic when it comes to the short-term prospects of digital assets, mainly because it foresees mass adoption of cryptocurrency in the coming years. Previsioni Bitcoin has given a curious price prediction for 2022 suggesting that it will spend much of the year declining from extraordinary highs reached in January and February, as the graph illustrates below.
The platform believes that Ethereum could reach an astonishing ATH of $11,416.52 in February 2022, reach a low of $7,611.01 in August and then close the year at a yearly low of $7,526.45 in December 2022.
Here’s Previsioni Bitcoin’s 2022 Ethereum price forecast:
- January: $10,782.27
- February: $11,416.52
- March: $11,035.97
- April: $9,725.18
- May: $9,302.35
- June: $8,456.68
- July: $8,033.85
- August: $7,611.01
- September: $7,822.43
- October: $7,737.86
- November: $7,568.73
- December: $7,526.45
According to Previsioni Bitcoin’s technical analysis, the price of Ethereum (ETH) will not reach any lower than $7,526.45 in 2022, which is exceptionally good news, strongly suggesting it will rise in 2022 and overcome its current ATH. However, what could lead ETH to rise so significantly in January and February 2022 is unclear, and though this price forecast looks promising, the fact that Ethereum is expected to decline throughout the year could be the sign of a major decline on the horizon that could lead to lower prices in 2023.
Although Ethereum’s recent performance has been impressive, this forecast might be a little over-optimistic. That said, Ethereum increased rapidly in November 2021 and if its current bull run continues at the same rate, we could still potentially see prices getting close to $10,000 at the beginning of 2022.
Next up is The Economy Forecast Agency which has detailed a perhaps more realistic rise for Ethereum in 2022 from its current price, also suggesting that it could reach $10,000 at the very highest. If you’re wondering ‘is Ethereum a good investment?’ This growth rate would certainly suggest the answer is a resounding yes.
Unusually for The Economy Forecast Agency, the investment analysis platform has given fairly bullish predictions for 2022. Its research has suggested that Ethereum could hit a top price of $10,454 before the end of December 2022.
Here’s The Economy Forecast Agency’s 2022 Ethereum price prediction:
Ethereum Price Predictions For 2022:
The Economy Forecast Agency has forecasted that Ethereum could end 2022 at $9,770 after hitting a high of $10,454 in December, an increase of 128%. However, they are one of few price forecasters that are open to the possibility that ETH could also decline, at least at the beginning of 2022, suggesting that it could even reach $3,855 in January 2022.
Before we move on to our long-term Ethereum price predictions, let’s take a look at what DigitalCoin believes could happen to the price of ETH in 2022.
According to its 2022 forecast, Ethereum will have a few ups and downs through 2022, though it will likely end the year at a higher price.
Here’s what DigitalCoin has forecasted for Ethereum in 2022:
- January: $6,422.71
- February: $7,637.88
- March: $7,176.36
- April: $7,383.22
- May: $6,974.07
- June: $7,500.85
- July: $7,307.19
- August: $7,304.30
- September: $8,066.65
- October: $7,600.11
- November: $6,509.04
- December: $8,165.17
DigitalCoin, like WalletInvestor, The Economy Forecast Agency, and Previsioni Bitcoin expects Ethereum to hit new highs in 2022. Though it doubts ETH can reach $10,000, if it can indeed reach its highest possible price of $8,165.17 in December, it suggests that $10k could be reached in 2023. DigitalCoin doesn’t expect Ethereum to be worth any less than $6,422.71 in 2022, significantly higher than ETH’s current ATH.
Our final short-term 2022 Ethereum price prediction comes from Prime XBT. According to their analysis, after hitting an ATH of $14,000 in 2022, Ethereum could enter a bear market and decline, as the graph below shows.
So, is Ethereum a good investment for 2022? The short-term ETH price predictions suggest Ethereum could be a safe investment. No one predicts that ETH will close 2022 at a lower price than its current value, which should be a reassuring sign to investors. The key question now is whether its long-term prospects are as promising as its short-term ones.
What Will Happen To The Price Of Ethereum (ETH) In 2022?
According to the predictions, the price of Ethereum could reach anything between $3,855 and $14,000 by the end of 2022. The forecasts suggest we’re unlikely to see elevated levels of volatility, and that ETH’s growth will continue to follow the bullish trend already established in 2021.
Will The Price Of Ethereum (ETH) Go Up In 2022?
The price of Ethereum (ETH) will probably go up in 2022, increasing month-on-month and reaching a new ATH. Prime XBT is the most optimistic about Ethereum’s future, suggesting that ETH could rise to $14,000. Current price forecasts agree that the Ethereum (ETH) will gain value throughout the year, and may even cross over $10,000, although they differ when it comes to the potential top price.
Additional price predictions for Ethereum in 2022 include:
- Trading Beasts: $5,284.577
- Cryptocurrency Price Prediction: $12,448
- Coin Price Forecast: $7,056
- Coinskid: $7,659.02
- Price Prediction: $7,811.38
These projections should be encouraging news for any investor who’s wondering: ‘Will Ethereum go up in 2021?’ Or ‘is Ethereum a good investment?’ According to these figures, ETH could be a good investment, with its price increasing year-on-year.
Would you consider investing in Ethereum ETH?
Ethereum predictions for 2022 are incredibly varied, ranging from under $4,000 to around $14,000! If you favour a long-term investing strategy, let’s take a look at the Ethereum price predictions for 2023-2027.
Long-Term Ethereum Price Predictions: 2023-2030
What are crypto experts forecasting for Ethereum in 2023 and beyond? The outlook for Ethereum in 2022 seems overwhelmingly positive. But if the bull run in 2017-18 taught us anything, it’s that the market can change almost overnight, undoing months of growth in the space of a few weeks. That means it’s crucial to look ahead to 2023-2027 to see what the long-term prospects could be for the price of ETH. So, what could happen to the price of Ethereum over the next five years?
According to Cryptocurrency Price Prediction, the forecast is incredibly bright for Ethereum. This platform predicted a top price of Ethereum of $12,448 by the end of 2022, and it expects the level of growth to continue in the long term. Here’s what Cryptocurrency Price Prediction has forecasted for Ethereum in 2025 and 2030:
Ethereum Price Prediction Forecasts In 2025:
MONTH & YEAR
ETH PRICE PREDICTION
Ethereum Price Forecasts In 2030:
MONTH & YEAR
ETH PRICE PREDICTION
As we can see, Cryptocurrency Price Prediction expects Ethereum to surpass $45,000 by the end of December 2025 and hit a high of $46,180, doubling in price from $23,692 at the beginning of the year.
The platform has described Ethereum as ‘unstoppable’ — and its prediction certainly suggests that is the case. Anyone who’s wondering ‘what will Ethereum be worth in 2030?’ Will be pleased to see Cryptocurrency Price Prediction’s forecast, which places ETH at a whopping $80,313 by January 2030, before smashing past $100k to $100,391 by December 2030.
DigitalCoin has given a much more grounded long-term prediction for Ethereum, although it still expects the price of Ethereum to increase over the next several years. Its analysis suggests that ETH won’t hit $10,000 until at least 2024, which is a little later than other platforms, but this is still a positive prediction and an encouraging sign for existing investors.
According to its forecast, the price of one ETH will reach $12,728.42 by 2025. For 2023 to 2028, DigitalCoin has given the following Ethereum predictions:
Ethereum price predictions in 2023-2028
- 2023: $8,607.88
- 2024: $10,602.02
- 2025: $12,728.42
- 2026: $14,618.54
- 2027: $12,832.10
- 2028: $18,461.21
If you’re wondering ‘will Ethereum go up?’ You’re likely going to feel encouraged by DigitalCoin’s forecasts. Up until 2027, the growth rate is relatively steady, with the price of Ethereum increasing by roughly $2,000 every year. However, DigitalCoin expects the asset to stagnate in 2027 before jumping up to $18,000 in 2028.
DigitalCoin believes Ethereum (ETH) will be a profitable investment for 2023 and beyond. Between 2023 and 2025, DigitalCoin has predicted that Ethereum (ETH) will rise from $8,607.88 to $12,728.42 — a huge improvement.
Based on DigitalCoin’s predictions, Ethereum’s steady progress will culminate in 2026, for which year the platform has predicted a top price of $14,618.54. Although 2027 will see the price of Ethereum fall back down to $12,832.10, 2028 will be another record-breaking year, with ETH reaching a value of $18,461.21.
Compared to the predictions from Coin Price Forecast, DigitalCoin’s prediction may be a little low. Coin Price Forecast expects the price of Ethereum to rocket upwards year-on-year, hitting $14,128 by the end of 2025. Here’s what Coin Price Forecast has predicted for the price of Ethereum from 2023 to 2028:
Ethereum Price Predictions In 2023-2030:
This growth rate would mean the price of Ethereum could be worth more than three times its current value within the next four years. If you’re wondering ‘will Ethereum hit $10,000?’ DigitalCoin’s predictions suggest that this could happen around the year 2024.
Coin Price Forecast also stated the following for 2023 to 2027: “These five years would bring a significant increase: Ethereum price would move from $6,590 to $18,388, which is up 179%. Ethereum will start 2023 at $6,590, then soar to $8,073 within the first six months of the year and finish 2023 at $9,526. That means +126% from today.”
Our third long-term prediction for the price of Ethereum comes from The Economy Forecast Agency. Having predicted that the value of ETH could reach $10,454 in 2022, the platform expects to see the following prices in 2024-25:
Ethereum Price Prediction Forecasts In 2024:
Ethereum Price Predictions In 2025:
The Economy Forecast Agency is often pessimistic about the mid to long-term prospects of different cryptocurrencies. Many of its forecasts suggest that prices could slump between 2022-2024. Ethereum is no exception. In 2024, The Economy Forecast Agency expects prices to begin to stagnate after hitting an ATH of $18,403 in 2023, and in January 2025 Ethereum’s price could fall below $10,000 and potentially hit a yearly low of $4,123 by September.
But the good news is that most of these predictions suggest the overall trend for Ethereum is bullish and disagree with The Economy Forecast Agency’s forecast. Elsewhere, only Trading Beasts expects the price of Ethereum to run into some trouble and remain relatively stagnant for the next few years until 2024. But they don’t think that Ethereum’s recent growth is a short-lived fluke. Instead, they believe that ETH will continue to increase but at a much slower rate.
However, all of these predictions pale in comparison to those of Prime XBT. Using technical analysis, the platform has predicted a staggering potential high of $41,000 in 2025!
For the years 2024-2025, they stated: “Much like a bear market must follow a bull cycle peak, once Ethereum bottoms again it will be time to start rebuilding a position for the next rally.”
What Will Happen to the Price of Ethereum (ETH) in 2025?
According to price forecasters, the price of Ethereum could reach between $10,000 and $46,000 by the end of 2025. Though most price forecasters seem to agree that the price should be somewhere between $10,000 and $15,000.
It is also suggested that ETH won’t see particularly prominent levels of volatility over the next few years. Although the graph from DigitalCoin shows a potential drop around 2027, its forecast suggests that Ethereum will gain value steadily throughout the next few years.
According to DigitalCoin’s price predictions, Ethereum is set to rise to $8,607.88 by the end of 2023, $10,602.02 in 2024, to soar to $12,728.42 by December 2025.
Will the Price of Ethereum (ETH) Go Up in 2025?
Yes, the price of Ethereum will probably go up in 2025. None of the platforms expect to see a repeat of the aftermath of 2017-18, which is an encouraging prospect — but only time will tell for sure. Only Trading Beasts has suggested there could be a decline by 2025.
Additional Ethereum (ETH) Price Predictions 2023-2027:
Ethereum price predictions 2023
- Trading Beasts: $5,686.129
- WalletInvestor: $11,342.80
- Previsioni Bitcoin: $8,319.65
- Coinskid: $9,080.60
- Price Prediction: $10,863.45
- CoinArbitrageBot: $8,044.18
Ethereum price predictions 2024
- Trading Beasts: $5,984.073
- WalletInvestor: $15,055.70
- Coinskid: $15,158.74
- Price Prediction: $15,748.84
- CoinArbitrageBot: $13,015.50
Ethereum price predictions 2025
- WalletInvestor: $18,882.70
- Coinskid: $27,602.63
- Price Prediction: $23,329.76
- CoinArbitrageBot: $21,059.10
- Gov Capital: $15,976.6625
- CryptoGround: $8,805.74
Ethereum price predictions 2026
- WalletInvestor: $22,469.90
- Price Prediction: $34,249.44
- Gov Capital: $19,651.729
- CryptoGround: $9,577.17
Ethereum price predictions 2027
- Price Prediction: $51,333.97
- DigitalCoin: $12,832.10
- Coin Price Forecast: $18,388
Trading Education Ethereum Price Forecasts:
After researching all current price forecasts for Ethereum, we at Trading Education put our own predictions together based on what different predictions are telling us.
We’re not interested in crazy predictions — we’re interested in what could really happen in the next few years. And that also involves being open to the idea that Ethereum might not go up and up. We could have several bad years in a row, for example (and quite likely, some big crashes).
So, here’s where we think the price of Ethereum might go over the next few years.
Ethereum (ETH) Price Prediction for 2022
Ethereum is expected to trade with bullish momentum and surpass $7,000 by the end of 2022. As per Ethereum price predictions 2022, the price of ETH might trade above $10,000 by the end of the year. The predicted high for 2022 might be around $14,000, and on the downside, the low might range from $3,855 to $4,785.
Ethereum (ETH) Price Prediction for 2023
The price of Ethereum is predicted to reach a maximum level of $11,342.80 by the end of 2023. The Ethereum price can reach a minimum level of $5,686.129 in 2023.
Ethereum (ETH) Price Prediction for 2024
As per experts, the price prediction of Ethereum might continue the gradual upward trend. And as per our data, by the end of 2024, it would be able to cross the $13,015.50 mark. The predicted high for 2024 might be $15,925, and on the downside, the low might be around $5,984.073.
Ethereum (ETH) Price Prediction for 2025
As per Ethereum price predictions for 2025, the price of ETH might reach between $23,329.76 and $27,602.63 by the very end of 2025. As per our prediction and price forecast, the predicted high for 2025 might be around $46,180, and on the downside, the low might be around $4,123.
Ethereum (ETH) Price Prediction for 2027
As per our Ethereum price prediction 2027, the token might be able to touch the $51,333.97 price mark on the upside, while on the downside, it might fall to $12,832.10. As per our Ethereum price prediction and forecast update, the cryptocurrency might trade around $17,650 and $18,388 by the end of 2027.
Ethereum (ETH) price prediction for 2030
The top price predictions for Ethereum in 2030 foresee ETH dominating above $100,391 for most of the year. If the token does well, experts seem to suggest that a push to $164,984.04 could be possible. The lowest Ethereum price prediction for 2030 is around $24,098.
Conclusion: Ethereum (ETH) Price Prediction Forecast
The below prediction figures outline some of the Potential high and low of Ethereum ETH price prediction forecasts in 2022, 2023, 2024, 2025, 2027, and 2030 offered by technical analysts and industry experts.
Would you consider buying ETH?
Who Has Invested In Ethereum?
It’s not just crypto platforms that believe Ethereum is destined for greatness. Various notable Ethereum investors have also weighed into the debate. If you’re wondering ‘will Ethereum rise like Bitcoin?’ Or even ‘will Ethereum beat Bitcoin?’ You may be pleased to know that many investors believe the altcoin will challenge — and could even replace — the king of crypto in the future.
Ian McLeod, a technology expert, predicted in 2018 that Ethereum could take 50% of Bitcoin’s market share in five years (by around 2023). The founder of Ark Capital LLC, Brian Schuster, is similarly optimistic. He predicts $100,000 exchange rates for Ethereum within 10 years (by 2030) and also believes that ETH could soon replace gold on the global financial market.
James Todaro, the Managing Partner at Blocktown Capital, is another crypto investor who believes that Ethereum will hit a market capitalisation of $1 trillion in the coming years. He believes this is thanks to the growing interest in dApps, which Ethereum is well-placed to capitalise on. Based on the total supply of Ethereum, this means that each Ether coin would need to value at $9,000 to hit this market cap.
If any of these Ethereum price predictions come true, it wouldn’t be the first time that an ETH enthusiast has correctly foreseen the crypto’s future.
The Director of Communications at ConsenSys, Andrew Keys, correctly predicted that Ether would hit a price of $1.15 by the 29th of February 2016 when being interviewed by CoinDesk. His predictions came true just two weeks into the year — so if you’re looking for the top Ethereum predictions for 2022-2027, don’t overlook the views of the investors who have championed the crypto from the beginning.
How Has The Price Of Ethereum Changed Over Time?
Ethereum was officially launched in 2015 and has defended its status as the world’s largest altcoin ever since, coming second only to Bitcoin in the cryptocurrency market. With some of the predictions suggesting that ETH could hit $10,000 in the next few years, let’s look back at how the price of Ethereum has changed over time.
When Ethereum first entered the crypto market in 2015, its price was quite stagnant, ranging from $0.31 to $2.83. Throughout 2016, its ATH was $8.21 — but in 2017, we saw a change of pace. 2017 was a record year for the cryptocurrency sector, with almost every major crypto experiencing rapid and unprecedented growth. Bitcoin, for example, skyrocketed to its then-ATH of $20,000, while Ripple XRP (XRP) grew by a staggering 36,000%. Ethereum was no exception to the rule, jumping to a price of $740 from just over $8. That’s an increase of around 9,000% in less than a year.
Disappointingly for many investors, this growth was short-lived. Many cryptocurrencies lost value quickly in 2018, and after hitting its ATH of $1,389.18 on the 15th of January 2018, the price of Ethereum dwindled back down to around $100 by August. This is a key reason the market’s most recent bull run has left people feeling uneasy. Could it be as short-lived as the growth we saw in 2017?
At this stage, thankfully, many analysts think not. After the value of ETH dropped from $245 on the 7th of March 2020 to $111.28 on the 17th of March it seemed the coronavirus pandemic would be detrimental to cryptocurrency. However, the uncertainty didn’t last long — our sudden reliance on technology and contactless payments renewed investor interest, something that partly explains the bull run that followed.
For the remainder of 2020, Ethereum (and the market as a whole) continued to climb. By the end of November 2020, ETH had hit $500, and its growth didn’t stop there. Its next milestone was $1,000, and by the 20th of January 2021, it was brushing against its previous ATH of $1,271.
The last several months have been particularly bullish as we can see by looking at the chart below, which comes from CoinMarketCap:
After smashing past its 2018 ATH of around $1,396 in early February 2021, there was little in the way to stop Ethereum from rising, crossing over $2,000 for the first time on the 20th of February 2021. After a minor dip, the price of ETH was once again on the move in April and May where it would make its most impressive jump yet, going from $2,215.15 on the 25th to $4,293.62 on the 12th of May — an increase of $2,000 in a couple of weeks. After hitting this high, the market crashed and Ethereum sank to $1,857.64 and it looked like the bull run was over.
But that wasn’t the case. After a volatile period, on the 20th of July 2021 Ethereum hit another low of $1,738.76 and the trend began to change. By the 10th of August, ETH was once again over $3,000 per coin and even hit $3,972.66 in early September and continued to appreciate, eventually hitting its current ATH of $4,859.50 on the 10th of November 2021 and then declining slightly to its current price of $4,205.79.
What Factors Affect The Price Of Ethereum?
To make the most accurate Ethereum price predictions for 2022-2027, and ultimately answer the question ‘is Ethereum a good investment?’ It’s important to understand the different factors that can affect the price of ETH.
1. The Demand For Decentralized Finance
Interest in decentralised finance, also known as DeFi, has skyrocketed. Decentralised finance is the idea that we should be able to access financial services that aren’t owned by central bodies such as banks and big businesses. Cryptocurrency is fully decentralised, a key draw for many people who believe its self-sufficiency makes it a more democratic form of currency. In the wake of the coronavirus, this draw has only become stronger. With digital payments the new norm, experts now think that crypto will become more popular than ever.
Ethereum is perfectly placed to take advantage of this. The Ethereum platform powers more than 280,000 ERC tokens — the name used to describe cryptocurrencies that have launched on its branded network. Of these, more than 40 are on the list of the world’s top 100 cryptocurrencies by market capitalisation, and many more are active in the DeFi sector. As demand for decentralised services continues to grow, the demand for Ethereum will grow too. This will drive up the price of ETH.
2. The Launch Of Ethereum 2.0
The first phase of Ethereum 2.0, the long-awaited upgrade to the Ethereum network, launched on the 1st of December 2020. Although the asset was caught up in the market-wide bull run, Ethereum price predictions are already expected to see the value of ETH increase as a result of the upgrade. This is because Ethereum 2.0 (Eth2) will bring several key benefits to the platform.
- The new Eth2 platform is designed to process more transactions while massively improving its energy efficiency. At the moment, a single Ethereum transaction requires a staggering 22.65 kWh of energy. Over just one year, this means that Ethereum’s power consumption is comparable to that of the whole of Costa Rica!
- Ethereum will be switching from a proof-of-work algorithm (PoW) to a proof-of-stake algorithm (PoS). In a PoW system, cryptocurrency miners have to solve complex equations using their computers to verify transactions and add them to the blockchain. This process requires vast amounts of energy, contributing to Ethereum’s whopping power consumption. In a PoS system, however, users can simply ‘stake’ their cryptocurrency as collateral to verify their transactions.
The first phase was severely delayed, so many analysts believe we won’t see the full benefits of the complete upgrade for a while. (Crypto Rating, for example, believes we’ll start to see significant increases in the price of ETH around 2024, as the remaining phases are unlikely to have been implemented before then.)
If Ethereum can process more transactions, lower its fees, and boost its transaction time, we’re likely to see a huge increase in the demand for its services. This, in turn, will have a positive impact on the price of ETH.
Have you considered investing in Ethereum?
If you remember anything from Ethereum Price Predictions 2022 - 2030 make it these key points.
- Ethereum (ETH) is the second-largest and one of the most well-known cryptocurrencies on the market — its platform supports dApps, smart contracts and other tokens.
- Ethereum’s ATH is $4,859.50 which it achieved on the 10th of November 2021.
- WalletInvestor has predicted that ETH could reach a maximum price of $7,905.860 by the end of 2022.
- Previsioni Bitcoin has forecasted that Ethereum could reach a maximum price of $11,416.52 by February 2022.
- By 2025, Cryptocurrency Price Prediction has estimated that Ethereum could reach $46,180.
- Meanwhile, DigitalCoin predicts that by 2025, Ethereum will be worth up to $12,728.42.
- By 2030, Ethereum could be worth between $100,391 and $164,984.04 according to forecasts by Cryptocurrency Price Prediction and Price Prediction.
- Factors that can affect the price of Ethereum include the demand for decentralised finance (DeFi), the coronavirus pandemic, and the launch of Ethereum 2.0.
We hope that you’ve enjoyed this article about the top Ethereum price predictions for 2022-2027. Whether you’re an existing or prospective investor, all eyes are currently on ETH. Is Ethereum a good investment for your portfolio?
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How to buy Ethereum with eToro?
Ethereum can be bought with relative ease via eToro in three simple steps. Do note that most brokers and crypto exchanges have a similar process.
Step 1. Go to eToro’s website, click ‘Join Now’ and fill out the registration form. You’ll need to upload proof of identity and address.
Step 2. Make a deposit. The minimum deposit in the USA is $50 while in most other countries it’s $200. Bear in mind that there are several countries where it’s much higher so check the required deposit beforehand!
Step 3. When your account has been activated, go to ‘Trade Markets’ → ‘Crypto’ → ‘ETH Ethereum’. You can then set your terms for buying Ethereum.
And you’re done! You’ve successfully bought ETH!
Still have questions about Ethereum price predictions? Perhaps these frequently asked questions will help.
Disclaimer: Cryptocurrencies are highly volatile. Your capital is at risk and Past performance is not an indication of future results. Forecast and analysis reflect the views of different external and internal analysts at any given time and are subject to change at any time. Moreover, they can not constitute a commitment or guarantee on the part of Trading Education.