According to U.Today, Ethereum (ETH) supporter and AI enthusiast Adriano Feria has made an optimistic price forecast for Ether. Feria, who is also a Web3 and AI educator, recently increased his target for Ethereum to $50,000, citing alignment with major institutional players and recent data. He shared his views on X, stating that despite skepticism, Ethereum has the potential to reach six-digit values in the ongoing cryptocurrency market cycle.
Feria's bullish stance comes amid a wave of disbelief triggered by Ethereum's recent performance. The second-largest cryptocurrency has struggled to gain momentum despite the launch of a spot Ether ETF in the United States. As of now, Ethereum is trading at $3,311, down nearly 6% from its local peak post-ETF launch on July 23.
In a tweet to his 14,000 followers, Feria emphasized his confidence in Ethereum's bright future, suggesting that those holding ETH today are part of the world's elite. He referenced financial institutions that have set similarly high targets for Ethereum, reinforcing his belief that the cryptocurrency could reach $100,000.
Feria's statements follow his earlier prediction of $28,000 per ETH, which he has now doubled. This comes as more analysts share high predictions for both Bitcoin (BTC) and Ethereum (ETH). For instance, U.S. asset management firm VanEck has suggested that Bitcoin could reach over $52 million per coin by 2050, with a base scenario of $2.9 million.
These super-bullish predictions highlight the growing interest and speculation in the cryptocurrency market, despite short-term performance challenges. As the market evolves, the future of Ethereum and Bitcoin remains a topic of intense discussion and analysis.
