Seven days ago, finder.com, a product comparison website, published a forecast report based on predictions from several crypto and fintech experts, predicting bitcoin’s year-end price for 2023. Following the bitcoin price prediction report, Finder released another survey focused on ethereum, the second-largest crypto asset in terms of market capitalization. Finder specialists believe ethereum will reach a peak of $2,474 per token this year and end the year at $2,184 per unit.
24% of Panelists Believe Ethereum Will Surpass Bitcoin by 2025, Finder Survey Shows
This week, finder.com, a product comparison website, published a report that 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 have picked up in the first month of 2023. Thirty-day statistics show ETH has risen more than 32% against the U.S. dollar and is now just below the $1,600 per unit range.
Finder’s experts believe ETH will end the year at $2,184 per unit and reach a peak of $2,474 per token at some point in 2023. Similar to the bitcoin prediction report published last week, Finder’s specialists expect ETH to drop to a significant low against the greenback. The panelists suspect ETH could hit a low of $984 this year. Ben Ritchie, managing director at Digital Capital Management, expects ETH to end the year at $2,500 per coin but also noted that ETH prices could drop as low as $900 per unit in 2023.
“Ethereum continues to dominate the market as the leading smart contract platform, driving a range of innovative projects within its ecosystem,” Ritchie explains in the report. “However, recent market challenges have sparked investor concern and may limit the price of ethereum [reaching] $2,500 this year. Despite this, [the network’s] low annual inflation rate is expected to keep the price stable and above $900, even if future market disruptions occur.”
About 24% of the surveyed panelists believe ethereum will surpass bitcoin by 2025. The report shows that 48% of Finder’s panel expect a “flippening” to occur eventually. Currently, 60% of the fintech and crypto experts believe ETH is underpriced, and approximately 28% believe it is fairly priced. Around 12% of the panelists think ETH is overpriced and 16% currently recommend selling. 56% of the report’s participants believe it’s a good time to buy, and 28% advise holding.
“When you examine all blockchains based on security, decentralization, and scalability no other has its fundamental balance and judicious leadership, coupled with the critical mass of Ethereum,” the technologist and futurist Joseph Raczynski remarked. “It’s not to say it can’t be toppled, but with each passing month it’s less likely.” The report’s average prediction for 2025 is that ETH will be valued at $6,033 per unit. By 2030, the surveyed panelists expect ETH to be priced at $14,316 per coin.
You can check out Finder’s ethereum price prediction report in its entirety here.
What are your thoughts on Finder’s predictions for Ethereum’s prices in 2023? Do you agree with the experts’ assessment or do you see a different outcome for the leading smart contract platform? Let us know in the comments section below.
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Source: https://news.bitcoin.com/ethereum-to-reach-peak-of-2474-per-token-in-2023-finders-survey-of-crypto-and-fintech-experts-reveals/