The second largest cryptocurrency after Bitcoin (BTC), Ethereum (ETH) is forecast to reach a price level of $ 7,609 this year although expectations for the end of the year are slightly lower, $ 6,500.
As for the long -term forecast, Ethereum has the potential to cross the $ 10,800 level by the end of 2025 and $ 26,338 by the end of 2030.
This view was shared by 33 crypto experts from Australian comparison website, Finder.
A total of 79% of the panel involved believe Ethereum’s transition from a Proof of Work (PoW) to Proof of Stake (PoS) consensus mechanism prompted a price spike.
Meanwhile, 11% of the panel thought that the forecast was very impossible due to gas issues and network scalability.
Why?
Be aware, Ethereum is a giant network known for decentralized applications (Dapps) such as decentralized finance (DeFi), non-fungible tokens (NFT), and metaverse.
Despite having those strengths, there are also weaknesses where one is often faced with the problem of network congestion and scalability.
This invites a number of close competitors such as Solana and Terra to offer alternatives to developers to facilitate the launch of their projects.
Even so, 52% of the panel believe this is the time to buy or add ETH, and 30% of them recommend investors for HODL.
The rest think investors should liquidate their assets.
What do you think? Probably better HODL
