Analysts of US investment company VanEck set the 2030 price prediction for Ethereum at $ 22,000, as the company applied to establish a spot Ether ETF.
Factors Behind the Forecast
“We raised our 2030 ETH price target to $22,000, taking into account ether ETF news, scaling advances and on-chain data,” VanEck said on the X platform on Wednesday, citing an article written by Matthew Sigel, Patrick Bush and Denis Zinoviev.
After launching spot Bitcoin ETFs in January, the company is now one of many Wall Street investment managers looking to launch spot Ether ETFs. Last month, the Securities and Exchange Commission (SEC) approved spot Ether ETFs. Buyers of these exchange-traded funds will benefit from not having to purchase the token if cryptocurrency prices rise. Similarly, as more assets are transferred to ETFs, sponsors will earn fee income.
“We expect Spot Ether ETFs to begin trading on U.S. stock exchanges,” VanEck analysts said in a note. “This development allows institutional investors and financial advisors to hold this asset with the assurance of qualified custodians and benefit from the pricing and liquidity advantages offered by ETFs,” he said.
Potential Impact on Market
Once listed, spot Ethereum ETFs could generate net inflows of between $3.1 billion and $4.8 billion in the first five months, according to K33 Research.
The authors of the VanEck study “have positions in Ethereum either directly or through private funds,” a company spokesperson said. “The information herein represents the views of the author(s) but does not necessarily reflect the views of VanEck or other employees,” the study said.
“The Ethereum network is likely to sustain rapid market share growth from traditional financial market participants and, increasingly, large technology companies,” the article said. “If it maintains its dominant position among smart contract platforms, we see it as a reliable path to reach $22,000 per coin, providing $66 billion in free cash flow to token holders and supporting $2.2 trillion in assets.” He included his statements.
The authors' base price target was $22,000. Optimistic and pessimistic price estimates are $154,000 and $360,000 respectively.
The authors also say, “We think ETH is a revolutionary asset that has few analogues in the non-crypto financial world. "We can call ETH 'Digital Oil' because it is consumed by operating on Ethereum," he said.
Since spot Bitcoin ETFs began trading in January, the price of Bitcoin has risen 54% from around $46,000 to nearly $71,000, The Block Price Page reports. Besides VanEck, leading Wall Street firms such as BlackRock and Fidelity have also developed spot Bitcoin ETFs.
PLEASE READ CAREFULLY FOR A GIFT OF 10 DOLLARS.
My friends, you know that we, the publishers, are doing everything we can for you here. We are informing you about the services and facilities offered to us by our authorities. I have never stopped supporting both the Cryptocurrency market and you as much as I could, and on the contrary, I am trying to provide more support.
THIS 10 DOLLAR GIFT CAMPAIGN IS A CAMPAIGN MADE SPECIALLY FOR ME BY BINACE. YOU CAN GET THE CONFIRMATION I SAID ABOUT THIS BY CONTACTING LIVE HELP. THIS IS A 10 DOLLAR CAMPAIGN MADE TO YOU THROUGH ME.
Now I will tell you how to receive your gift. First of all, Binance users who have registered with someone's reference and actively use futures transactions will unfortunately not be able to benefit from this promotion.
So who will benefit?
Our friends who have not activated the futures section yet, while activating your FUTURES trading section, you will earn 10 dollars when you open it by entering my reference code 88623008.
I EXPLAIN IN DETAIL.
My brothers and sisters who have become a Binance member without reference, please listen carefully;
When you do what I say, you will receive 10 USDT.
Enter the Futures Section from your application,
On the next screen, open your account by entering the code 88623008 in the REFERENCE CODE section,
My brothers and sisters who want to complete this transaction and receive the 10 USDT reward by MAY 1 can do so. After activating your account, all you have to do is open your first futures transaction.
The first 1,000 brothers to open a 200 USDT transaction by MAY 1 will receive a 10 USDT reward.
So let me give you a tactic like this: Even if you open and close 20x with a $5 transaction, you will be entitled to the reward.
However, even if you do this after May 1, your reward will not come. So get it done by May 1st. In fact, right now I say you can get it done in 5 seconds.
Very simple. Go to Futures, enter my reference code 88623008 and activate the account. Afterwards, just open a total of 200 USDT transactions and get 10 USDT reward.
WHEN WILL THE AWARD COME?
Your 10 dollar reward will arrive in the REWARDS section of your Binance application within 30 days, starting from May 1st. By activating it from there, you can use your reward of 10 dollars, or more than 300 liras, in futures transactions.
You can help your friends in need by sharing this post.
BY THE WAY, MY BROTHERS, PLEASE DON'T MISS YOUR LIKES. EVERY SHARE IS FOR YOU. SO DON'T WITHHOLD YOUR SUPPORT. DON'T FORGET TO FOLLOW IF YOU HAVE NOT FOLLOWED YET. KIND REGARDS.
