At the end of July, the product comparison website Finder.com published its research findings from a panel of experts that predicted the crypto asset ethereum would reach $4.5K this year. On October 25, Finder updated its “Ethereum Price Prediction Report” which surveyed 50 fintech specialists and Ethereum is now expected to reach “$ 5,114 by the end of this year.”
Finder’s Panel Suggests Ethereum Will Be Over $5K by Year’s End
Finder, an investing companion application and product comparison website, has published numerous surveys and panel forecasts concerning the growing cryptocurrency economy. Researchers at the comparison website are looking at a variety of different crypto assets like bitcoin (BTC), litecoin (LTC), and ethereum (ETH). Last July, Finder’s researchers polled experts in the financial technology (fintech) sector and the group predicted that ether would reach $4.5K by the year’s end and $18,000 by the year 2025.
On Monday, Finder.com’s Tim Falk and Richard Laycock released a new report that interviewed 50 fintech scholars who discussed the second-largest crypto asset, Ethereum (ETH). During the last 24 hours, ETH spot prices have been hovering just above the $4K range — between $4,075 and $4,250 per unit. In the latest report, 50 fintech specialists were polled from September 24 to October 11, 2021. Finder said the researchers tapped the survey into a “truncated average,” meaning the top and bottom 10% got been deleted from the data.
The report shows that while ETH is expected to reach $5,114 by the end of this year, by 2025, the panel predicts ETH’s price will jump to $15,364 per unit. Experts also believe that a single ether can then more than triple by the end of 2030, reaching $ 50,788 per ETH. Data shows that 63% of panelists think it’s a good time to buy ether, while 9% say sell. 28% of the panel members polled say that ether holders should “hodl.”
Ethereum set to lose 30% market share to L1 alternative networks, 13% of panelists believe Solana may overtake Ethereum
Another interesting statistic noted is that Ethereum (ETH) is expected to lose 30% of its market share to Layer 1 (L1) alternative networks over the next year. Daniel Polotsky, the founder of Coinflip, thinks that by the end of the year ETH will be valued at $4,500. However, Polotsky believes that Ethereum’s growth may one day overtake the major crypto-asset bitcoin (BTC).
“Ethereum does a better job of supporting development on its blockchain and will have a more lightweight proof-of-stake mining model than Bitcoin [which] means that it can potentially be the backbone of Web 3.0,” Polotsky remarked in the survey’s notes. He added:
[This] leads me to believe that its rate of growth may even exceed that of bitcoin over the next decade.
Data also shows that one in ten of Finder’s ethereum survey panelists (13%) believe the Solana (SOL) network will overtake Ethereum as the primary decentralized finance (defi) platform. Data also shows that one in ten of Finder’s ethereum survey panelists (13%) believe the Solana (SOL) network will overtake Ethereum as the primary decentralized finance (defi) platform. According to Schweifer, Ethereum won’t be able to solve the network’s scaling issues.
“It wasn’t designed for high throughput, and developers know that, while other Layer 1 solutions like Solana are. The market will expand rapidly with their maturity and they will get the lion’s share of all new business that is not exclusively based on speculation,” Schweifer added.
