According to two analyst estimates from cryptocurrency broker StoneX Digital and management company VanEck, the spot price of ether (ETH) could rise to 112,000-222,000 by the end of this decade in a favorable scenario. Matthew Siegel, head of digital asset research
VanEck, expects the #BinanceBlockchainWeek network to generate free cash flow of up to $6,660 billion a year by 2030, with the price of #eth rising to £22,000 per token. David Kroger, data analyst
Stonex, believes that the price of ETH will rise from around $4 to $4,600 in the next 18 months. However,
has a much higher upside potential at around €12,621. Kroger, who spoke to Siegel at the StoneX 9/10 debate, said that
valuation is based on the expected increase in value for ETH holders due to transaction fees as Ethereum's share of transactions globally grows.
the last 1 year, Ethereum has processed about 44 trillion payments per year and about 5 trillion more stable coin transfers. That's why we're starting to turn to networks like Visa, which are much larger than PayPal, Siegel said. According to Siegel, since
2015, fees have totaled 3 billion pounds (in ETH). Other mechanisms for accumulating ETH value include "burn-in" (or permanently removing a portion of transaction fees from circulation) and issuing new ETH to reward ETH holders as collateral to secure the network.
Siegel said that as Ethereum recovers from a sharp drop in revenue after Dencun's 3-month network upgrade cut transaction fees by about 95%, the positive ETH price momentum came early because
didn't have enough volume to make up for the lower fees, so investors were no longer being constructive about the network, Siegel said. It's a great place to start. Ethereum still has levers you can pull to restore value[... That's something we'll see later this year.
"The investment case
Ethereum
starts with the macroeconomic notion that trust in existing centralized institutions is declining. Around the world... There is a strong demand for decentralized alternatives where the rules are equal for everyone, Kroger said.
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