Asset manager VanEck recently revealed its forecast for the price of Ethereum (ETH), projecting a potential surge in the cryptocurrency’s value to as high as $154,000 by 2030. The company’s analysis anticipates Ethereum to generate significant “free cash flows” reaching approximately $66 billion, indicating a substantial growth of 487% compared to current levels.
VanEck’s report specifically highlights Ethereum’s strong performance in the stablecoin sector. Over the past year, the Ethereum blockchain facilitated a remarkable $4 trillion worth of stablecoin transfers, enabling additional transactions totaling $5.5 trillion in such tokens. Presently, the market capitalization of stablecoins based on Ethereum surpasses $91 billion.
The report draws a comparison between Ethereum’s revenue and that of major Web2 platforms, stating: “Ethereum ($3.4 billion) generates more revenue than Etsy ($2.7 billion), Twitch ($2.6 billion), and Roblox ($2.7 billion) […] Seen as a dynamic economic platform, Ethereum can be likened to a ‘digital mall’, experiencing a user growth of around 1,500% and revenue increase at a CAGR of 161% since 2019.”
The recent approval of Ethereum-based exchange-traded funds (ETF) in the US significantly influenced VanEck’s optimistic price prediction. Moreover, the company analyzed the potential impact of artificial intelligence (AI) on Ethereum, integrating the AI market into its updated valuation model. The Ethereum network infrastructure is deemed crucial for the emerging AI economy, offering unique properties essential for AI application development.
VanEck emphasizes that Ethereum’s significance goes beyond financial capabilities, enabling entrepreneurs to create more engaging and profitable applications due to its open-source and permissionless environment. The manager predicts that 71% of Ethereum’s revenues will stem from financial businesses by 2030, with sectors like AI also contributing substantially to its revenue stream.
In conclusion, VanEck’s Ethereum price forecast for 2030 presents baseline, bullish, and bearish scenarios, with a target price range of $22,000 to $154,000. It is important to note that cryptocurrency investments carry a risk of financial loss, and the views expressed in this article are for informational purposes only.
