Leading Asset Manager Forecasts an Ethereum Surge to $11,800

In a recent report, investment management firm VanEck Research revisited its estimates for Ethereum’s (ETH) future revenue and valuation following the hard fork. Utilizing a rigorous valuation model, the firm predicts an ETH price increase to $11,800 by 2030, translating to an annual revenue rate of $51 billion from the current $2.6 billion.

VanEck’s analysis offers a transparent valuation methodology for Ethereum, considering various factors such as transaction fees, Miner Extractable Value (MEV), and “Security as a Service.” The $11,800 price forecast depends on Ethereum’s capture of up to 70% of the market share of all smart contract protocols in 2030. 

#WSM #bullish #crypto2023 #Binance #wagmi