Seven days ago, finder.com, a product comparison website, released a forecast report based on predictions from various cryptocurrency and fintech experts, predicting bitcoin’s year-end price for 2023. Following the forecast report from bitcoin prices, Finder published another survey focused on ethereum, the second largest crypto asset in terms of market capitalization. Finder specialists believe that Ethereum will peak at $2,474 per token this year and end the year at $2,184 per unit.
24% Of Panelists Believe Ethereum Will Overtake Bitcoin By 2025, Finder Survey Shows
This week finder.com, a product comparison website, published a report who surveyed 56 fintech and cryptocurrency specialists to gauge their predictions for ethereum (ETH) prices this year. ETH experienced a challenging year in 2022, similar to most digital currencies in the crypto economy, but prices rebounded in the first month of 2023. Thirty-day statistics show ETH it is up more than 32% against the US dollar and is now just below the $1,600 per unit range.
Finder experts believe ETH will end the year at $2,184 per token and will peak at $2,474 per token sometime in 2023. Similar to the bitcoin prediction report released last week, Finder specialists expect ETH fall to a significant low against the dollar. The panelists suspect ETH it could touch a low of $984 this year. Ben Ritchie, Managing Director of Digital Capital Management, looks forward to ETH to end the year at $2,500 per coin, but also noted that ETH prices could drop as low as $900 per unit by 2023.
“Ethereum continues to dominate the market as the leading smart contract platform, driving a variety of innovative projects within its ecosystem,” Ritchie explains in the report. “However, recent market challenges have sparked investor concern and may cap the price of Ethereum (reaching) $2,500 this year. Despite this, the low annual inflation rate (from the network) is expected to keep the price stable and above $900, even if future market disruptions occur.”
Approximately 24% of the panelists surveyed believe that Ethereum will overtake Bitcoin by 2025. The report shows that 48% of the Finder panel expect a turnaround to eventually occur. Currently, 60% of fintech and cryptography experts believe ETH it is priced low, and approximately 28% believe it is priced fairly. Around 12% of the panelists think ETH is overrated and 16% currently recommend selling. 56% of the participants in the report believe that it is a good time to buy and 28% advise holding.
“When you look at all the blockchains based on security, decentralization and scalability, none other has its fundamental balance and judicious leadership, along with the critical mass of Ethereum,” commented technologist and futurist Joseph Raczynski. “It’s not to say that it can’t be overthrown, but with each passing month it’s less likely.” The report’s median prediction for 2025 is that ETH will have a value of $6,033 per unit. By 2030, surveyed panelists expect ETH at a price of $14,316 per coin.
You can check out Finder’s ethereum price prediction report in its entirety here.
What do you think about Finder’s predictions for Ethereum prices in 2023? Do you agree with the expert assessment or do you see a different outcome for the leading smart contract platform? Let us know in the comments section.
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