Investment management company VanEck has published an analysis of the level that Ethereum price can reach in 2030 in its latest report.
According to VanEck analysts, Ethereum could be worth $300 in 2030 in a bear scenario. In a bull scenario, it can skyrocket to $51,000.
VanEck: "Basic Scenario for Ethereum in 2023 is $11,800"
In a report released this month, the company sees $11,800 as the Ethereum price for the "base case".
According to VanEck's predictions, ETH could rise 27 times in the next seven years, or fall 83% from its current $1,800 price.
Regarding their more bullish predictions, they said:
“We base these predictions on the thesis that Ethereum is becoming the dominant global payments network, hosting a significant portion of those business sectors that have the most potential to profit from moving their business operations to public blockchains.”
VanEck does not explain the outlines of the bear scenario where the price may drop as low as $343.
VanEck believes that ETH will prevail over other alternative layer 1 blockchain networks, even as competitors with venture capital support continue to increase.
According to VanEck's report, Ethereum's dominance in the smart contract blockchain space could have significant financial benefits for ETH. The investment manager predicts that Ethereum's annual revenue will reach $51 billion by 2030, increasing 20 times from its current level.
Danny Chong, co-founder of yield management protocol Tranchess, said that ETH adoption is expected to continue to increase, especially with the level of developer activity on the network.
*Not investment advice.
