Bitcoin News and Finance ETH to Surpass $5,800 by End of 2025 — Experts See Lowest Price of $1,352 in 2023 Skip to main content

ETH to Surpass $5,800 by End of 2025 — Experts See Lowest Price of $1,352 in 2023

ETH to Surpass $5,800 by End of 2025 — Experts See Lowest Price of $1,352 in 2023

The U.S. dollar value of the cryptocurrency ether is predicted to end the year averaging $1,840 and $5,824 by the end of 2025, the latest Finder’s prediction report has said. Regulatory uncertainty and a challenging macroeconomic environment are likely to cause ether’s drop to “an average lowest price of $1,352.”

ETH to Surpass $5,800 by the End of 2025

According to Finder’s October 2023 survey findings, the U.S. dollar value of ether or ETH is predicted to end this year at around $1,840. This average price, obtained from Finder’s panel of 31 crypto specialists, is $611 lower than the July prediction of $2,451.

ETH to Surpass $5,800 by End of 2025 — Experts See Lowest Price of $1,352 in 2023

The surveyed panelists also foresee the crypto asset’s price hitting $5,824 by the end of 2025 and $14,411 in 2030. However, the figures are again lower than the July predictions of $5,845 by 2025 and $16,414 by 2030. At the time of writing (2:35 p.m. EST), the U.S. dollar value of ethereum (ETH) was $2,006 per unit.

Many of the respondents cite the macroeconomic factors as one of the primary reasons why they foresee a lower price in the short term. Commenting on why he is less optimistic about ETH’s prospects before the year ends, Ruslan Lienkha, chief of markets at Youhodler, said:

Growth is [currently] limited by high rates in Tradfi. In [the] case of reaching a soft landing by US authorities, ETH[‘s] price will increase dramatically, but not until the middle of next year.

Lienkha’s sentiments are shared by Ben Ritchie, managing director at Digital Capital Management Pty Ltd, who sees economic challenges leading “to a more cautious approach in the overall markets.” Pav Hundal, lead market analyst at Swyftx, said ETH’s price movements are consistent with trends often seen prior to the halving of bitcoin.

More Than 80% Assert Ethereum Is Either Underpriced or Fairly Priced

Meanwhile, when asked how high or low the cryptocurrency can go in the remainder of 2023, the panelists predicted an average peak price of $1,932 and an average lowest price of $1,352. Desmond Marshall, the MD at Rouge International and Rouge Ventures, said regulatory uncertainty and macroeconomic factors could see the price of ETH dropping to as low as $1,200.

However, despite predicting a significantly lower end of 2023 price, nearly 90% of the panelists believe now is the time to either hold or buy ETH. A slightly lower proportion (83%) of the panelists think ETH is either underpriced or fairly priced.

Concerning the prospects of ETH market capitalization flipping that of BTC, 43% of the panelists said they did not see this happening. About 23% said this will happen “but not until 2030.”

What are your thoughts on this story? Let us know what you think in the comments section below.

Comments

Popular posts from this blog

Custodial Lightning Network Service Attack Discovered by LN ‘Newbie’ — Hacker Strikes 6 LN Custodians

On September 18, a Redditor posted to the r/bitcoin forum and explained how he discovered a way to “attack [the] lightning Network’s custodial services.” The Reddit account dubbed “Reckless Satoshi” wanted to figure out if a “discrepancy between real routing fees and service’s transaction fee can be exploited for a profit.” The researcher disclosed that he wanted to see how large the damage could be and said “it is bad.” 6 Lightning Network Custodial Services Attacked, Researcher Discloses Findings to Offenders Prior to Public Disclosure A Redditor called Reckless Satoshi published a disclosure post on r/bitcoin this past Saturday and disclosed how he had found a vulnerability with routing fees and some of the Lightning Network’s custodial services. The research attack was done in good faith and after it was complete he disclosed the bugs to the offending services before publishing his findings. Reckless Satoshi used the Lightning Network (LN) attack on six different services incl...

Axie Infinity Down 40% Since Last Week’s Price High, Protocol Revenue Outshines Competitors

Last week, the game token leveraged within the Axie Infinity gaming universe skyrocketed to all-time highs, while other crypto markets remained extremely lackluster. During the last seven days, Axie Infinity’s platform token has dropped significantly in value shedding more than 12%. Meanwhile, the game platform’s smooth love potion token has slid over 8% over the last 24 hours. Axie Infinity Down More Than 40% Since All-Time High Not too long ago, the axie infinity (AXS) token was a topical conversation because it reached an all-time high on July 15. At the time, AXS managed to capture $28.93 per unit and since then it has shed 12.8% during the last seven days. The axie infinity (AXS) token is used within the blockchain-based game that involves battles between token-based creatures called “Axies.” AXS is used for the game’s governance system as well as other actions within the game. At the time of writing axie infinity (AXS) is exchanging hands for $16.70 per coin. AXS/USD on Ju...

Play-to-Earn Game From Polker (PKR) Exchange Listing – Endorsed by Akon

The Play-to-Earn NFT based Polker.Game ‘s native token $PKR has been officially listed on the popular centralized exchange BitMart. Polker.game has been in the spotlight recently as Akon, the American R&B superstar and record producer gave his official endorsement of polker stating that the “game is revolutionary” and that Polker is “hands down.. the best play to earn, NFT game in the space.”. With the BitMart listing and celebrity endorsement from Akon, Polker is perfectly positioned to become a major player in the Play-to-Earn league. Watch Akon’s Video Here What is Play-to-Earn? Although not a new concept, play-to-earn has become a trending term due to the popularity of the NFT game AXIE infinity. In the past, previous play-to-earn games have also achieved success – however, thanks to the huge amount of development in the blockchain space in recent years the gaming experience is now massively improved. Play-to-Earn games are essentially free to play and open to anyone and...

China to Crack Down on Copyright Infringement Through NFTs

Authorities in China are going after creators of digital collectibles based on other people’s works of art, the use of which was not authorized. The government offensive is part of a campaign to combat online copyright infringement and piracy with the participation of several departments. Regulators in China Move to Strengthen Copyright Supervision of Online Platforms The National Copyright Administration of China (NCAC) has recently launched a campaign against copyright infringement and piracy on the internet, together with the Ministry of Industry and Information Technology, the Ministry of Public Security, and the State Internet Information Office of the People’s Republic. A major objective of the initiative is to improve copyright supervision of online businesses by investigating cases involving the sale and distribution of infringing products on short video, live broadcast and e-commerce platforms, and promptly dealing with infringing content, the agency announced in a press r...
Blogarama - Blog Directory