Asset manager VanEck recently revealed its Ethereum (ETH) price forecast, predicting a potential surge in the cryptocurrency’s value to $154,000 by 2030. The report suggests that Ethereum could generate $66 billion in “free cash flows,” representing a significant 487% increase from current levels.
VanEck’s report specifically focuses on Ethereum’s performance in the stablecoin sector. Over the past year, the Ethereum blockchain has facilitated a staggering $4 trillion in stablecoin transactions, leading to a total of $5.5 trillion in such tokens. The market capitalization of Ethereum-based stablecoins now exceeds $91 billion.
Comparing Ethereum’s revenue to that of major Web2 platforms, the report states, “Ethereum ($3.4 billion) generates more revenue than Etsy ($2.7 billion), Twitch ($2.6 billion), and Roblox ($2.7 billion) […] Seen as a vibrant economic hub, Ethereum can be likened to a ‘digital mall,’ experiencing a 1,500% user growth and a revenue increase of 161% since 2019.”
The recent approval of Ethereum-based exchange-traded funds (ETF) in the US has influenced VanEck’s optimistic price outlook. Additionally, the company has integrated the potential impact of artificial intelligence (AI) on Ethereum into its valuation model. The Ethereum network is considered crucial to the emerging AI economy, providing unique features necessary for AI application development.
VanEck highlights that Ethereum’s significance extends beyond financial aspects, enabling entrepreneurs to create engaging and profitable applications in its open-source and permissionless environment. The report predicts that 71% of Ethereum’s revenues will come from financial businesses by 2030, with sectors like AI also contributing significantly to its revenue stream.
As of the publication, the price of ETH stood at $3,848.21, reflecting a 1% increase in the last 24 hours. The forecasted ETH price targets for 2030 range from $22,000 to $154,000, with various scenarios outlined for potential revenue and market share.
Disclaimer: The views expressed in this article are for informational purposes only and do not constitute financial advice. Investing in cryptocurrencies carries a risk of financial loss.
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