Ethereum (ETH) is well on its way to surpassing $6,800 and recording an all-time high this year, despite being almost three times less than the current value of DeFi asset trading.
Cryptocurrency experts have studied Ethereum by analyzing its price potential ahead of the upcoming Merge, and the future of the digital asset looks bright, according to a survey of 36 fintech experts published by Finder on May 4.
Claim: Ethereum will hit $5,700 by the end of 2022!
The consensus of Finder’s panel of fintech and cryptocurrency experts predicts that Ethereum will average $6,872 in 2022, raising nearly $2,000 from its all-time high of $4,900 before falling to $5,783 by the end of the year.
ETH price prediction 2022. Source: Finder
Consolidation to influence Ethereum price
Joseph Raczynski, technologist and futurist at Thomson Reuters, had one of the more positive predictions for Ethereum’s end-of-year value, predicting it will reach $8,000 by the end of the year and that the “Merger” will have a significant place.
“Merge, the upgrade to Ethereum, will happen this summer. This can have an explosive effect on the token. People have been waiting for this for years. It should be much safer, 99% more energy efficient and deflationary. If this isn’t the trinity of potential as a leading blockchain, I don’t know what will be.”
Futurist is not alone in his assessment, with 35% of respondents stating that ETH’s deflation mechanism will have the most beneficial impact on the market after the Merger.
In contrast, 29% believe that lower energy use of ETH will have the most impact on pricing, while 16% believe that more transactions per second of ETH will have the biggest impact.
Asher Tan, CEO of CoinJar, is similarly confident in the future of ETH and predicts the token will reach $8,500 this year before it explodes to $35,000 by 2030.
ETH Merge. Source: Finder
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