The Blockchain Token Terminal analysis platform has provided information on the ethereum-blowout-to-10000/” rel=”nofollow”>future trajectory of the second largest cryptocurrency by market capitalization, eth-will-ethereum-bulls-cruise-past-2100/” rel=”nofollow”>ethereum (eth). Interestingly, they predict that the crypto token could rise as high as $36,800.
When ethereum will reach $36,800
In it crypto-research/ethereum-investment-framework#13-addressable-market-analysis” rel=”nofollow”>research work Posted by the platform, ethereum is projected to reach the $36,800 mark by 2030. However, this prediction is made in a best-case scenario, where 2030 will be a bull market season. One of the ways they analyzed ethereum-fee-hits-4-month-peak-what-mean-for-price/” rel=”nofollow”>The future value of eth was with the total analysis of the Addressable Market.
They looked at industries that were already adopting blockchains and predicted how many of them will move on-chain by 2030. In line with this, they considered the role ethereum I could play in this on crypto-asset-tokenization-transforming-systems/” rel=”nofollow”>tokenization terms. Token Terminal believes that all assets could be tokenized on the network, playing an integral role in the financial industry.
The financial industry apparently generates over $28 trillion in annual revenue right now and is growing at a compound annual rate of 7.5%. With this in mind, Token Terminal foresees that the financial industry and ethereum could form a mutually beneficial relationship. On the one hand, most of the industry’s liquidity could be consolidated in the ethereum-long-term-bull-crossover-imminent/” rel=”nofollow”>ethereal network.
<img decoding="async" class="alignnone size-medium wp-image-562285 aligncenter" src="https://technicalterrence.com/wp-content/uploads/2023/11/Ethereum-at-36800-Token-Terminal-predicts-when-this-will-happen.png" alt="ethereum $36,000″ width=”460″ height=”259″ srcset=”https://www.newsbtc.com/wp-content/uploads/2023/11/Etheeum-36000.png?w=512 512w, https://technicalterrence.com/wp-content/uploads/2023/11/Ethereum-at-36800-Token-Terminal-predicts-when-this-will-happen.png 460w” sizes=”(max-width: 460px) 100vw, 460px” loading=”lazy” data-recalc-dims=”1″/>
Source: Token Terminal
In addition to the prediction of $36,800 in 2030, the blockchain analytics platform projects that ethereum could also enjoy an 80% market share among Layer 1 networks. The network could reach monthly revenue of $109,668 at best. cases (depending on whether 2030 is a bullish year).
ethereum price in the next bull cycle
Meanwhile, Token Terminal also gave an insight into what ethereum price could look like in the future. next lockdown. According to the platform, the crypto token could rise as high as $13,000 at the peak of the bull market. Since its projection, the bitcoin-halving/” rel=”nofollow”>bitcoin Halving It is seen as a catalyst that could trigger the next cycle.
<img loading="lazy" decoding="async" class="alignnone size-medium wp-image-562286 aligncenter" src="https://www.newsbtc.com/wp-content/uploads/2023/11/ethereum-19.png?w=460&resize=460%2C259″ alt=”ethereum” width=”460″ height=”259″ srcset=”https://www.newsbtc.com/wp-content/uploads/2023/11/ethereum-19.png?w=512 512w, https://www.newsbtc.com/wp-content/uploads/2023/11/ethereum-19.png?w=460&resize=460%2C259 460w” sizes=”(max-width: 460px) 100vw, 460px” data-recalc-dims=”1″/>
Source: Token Terminal
The next bitcoin Halving is expected to take place on April 4, 2024. According to Token Terminal analysis, the price of ethereum could rise to $2,300 then. From there, eth is projected to see an increase of over 469% as it rises to over $13,000 at the peak of the next bull cycle.
The future of ethereum looks really promising based on these forecasts. Above all, Token Terminal hopes the network will continue to dominate its competitors in terms of ethereum-generates-10-billion-revenue-7-years/” rel=”nofollow”>Economic opportunity in that. They predict that ethereum-better-fundamentals/” rel=”nofollow”>new use cases on ethereum will spur it to “grow exponentially” in the coming years.
<img loading="lazy" decoding="async" class="aligncenter size-medium" src="https://www.tradingview.com/x/eA023jz9/" alt="Tradingview.com ethereum Price Chart” width=”2650″ height=”1530″/>
eth price reclaims $2,100 | Source: ETHUSD on Tradingview.com
Featured image from The Conversation, chart from Tradingview.com
