Prediction: $ETH Could skyrocket to $22,000 by 2030

By Dominic Basulto – Jun 27, 2024 at 8:35AM

KEY POINTS

Investment firm VanEck predicts that Ethereum could soar in price from $3,500 to $22,000 by 2030.

Ethereum's ability to hit a $2 trillion market cap assumes it can continue to innovate within key blockchain sectors, such as DeFi.

While a $15 trillion market opportunity exists, investors should keep in mind that Ethereum faces growing competition from other blockchain rivals.

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Ethereum continues to be a tech disruptor. But will it really be worth over $2 trillion by 2030?

Through the first six months of the year, Ethereum (ETH 1.12%) is up 50%. That's right in line with the performance of Bitcoin (BTC 0.29%), which is also up 50%. At its current price of $3,500, Ethereum is within striking distance of its all-time high of $4,891.

But the best may be yet to come. Investment firm VanEck recently predicted that $ETH could hit a price of $22,000 by 2030. That might sound overly aggressive, but VanEck has some solid data to back up its prediction. So will it be right or not?