Study reduces Ethereum price expectation for the next 7 years

Cryptocurrency experts have lowered their predictions for ethereum (eth) in the coming years, according to a new ethereum-price-prediction-2023″ target=”_blank” rel=”noopener”>survey of the Search Engine.

The survey asked 31 industry specialists for their ether price forecasts for the end of 2023, 2025 and 2030. The average predictions were lower compared to a previous Finder survey conducted in July 2022.

The panel predicted Ether will have an average value of $1,840 by the end of 2023, down from a prediction of $2,451 in July. The 2025 forecast fell to $5,824 from $5,845 previously, and the 2030 prediction dropped to $14,411 versus $16,414 in the previous survey.

Finder calculates average forecasts by removing the top and bottom 10% of responses and taking the average of the rest, a technique known as truncated mean. This is designed to eliminate outliers and reach a more consistent consensus.

While remaining optimistic in the long term, some panelists cited near-term economic challenges and competition from other blockchains as reasons to temper near-term expectations.

eth has huge growth potential. (…) Growth is (currently) limited by high TradFi rates. In the event that US authorities reach a soft landing, the price of eth will rise sharply, but not until the middle of next year.

Ruslan Lienkha, Head of Markets at YouHodler

Others pointed to historical price patterns around the bitcoin (btc) halving. “Historically, as we approach a bitcoin halving, ethereum tends to revise its price valuations from earlier that year,” explained Pav Hundal of cryptocurrency exchange Swyftx.

The panel predicted that eth could rise as high as $2,800 but also fall to $1,200 or lower by the end of 2023. Nearly half believe it will end the year between $1,751 and $2,000.

Most experts said now is a good time to hold or buy Ether, although around 17% believe it is currently overvalued. When asked if and when the total market value of eth could surpass that of bitcoin, 43% of panelists said they do not expect that to ever happen. But around 20% believe the ‘change’ (with ethereum‘s market capitalization surpassing that of bitcoin) could happen in 2030.

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