Finder updated its “Ethereum Price Predictions Report” on October 25, polling 50 financial technology experts, and ethereum is now expected to reach “$5,114 by the end of this year.”
Product comparison site Finder has published a slew of surveys and panel forecasts on the burgeoning cryptocurrency market. The researchers there explore a variety of crypto assets such as Bitcoin (BTC), Litecoin (LTC), and Ethereum (ETH).
$18K ETH by 2025
Finder’s team polled experts in the fintech sector last July, and the group predicted that ether would reach $4.5K by the end of the year and $18,000 by the end of 2025.
On Monday, Finder.com published a new report in which they polled 50 fintech experts about the second-largest crypto-asset, ethereum (ETH).
ETH spot prices have been hovering just above the $4K range in the last 24 hours, ranging between $4,075 and $4,250 per unit.
According to the Finder report, while ETH is expected to reach $5,114 by the end of this year, the panel predicts that by 2025, the price of ETH will have risen to $15,364 per unit. Experts believe that by the end of 2030, a single ether will have more than tripled, reaching $50,788 per ETH.
A point of interest shows that ethereum is expected to lose 30% of its market share to alternative layer-1 (L1) networks in the coming year. In short, even though ETH’s price is expected to rise, the competition is heating up.
Could ETH flip BTC?
Coinflip leader Daniel Polotsky believes that by the end of the year, ETH will be worth $4,500. Yet, Polotsky contends that Ethereum’s growth will eventually eclipse market leader 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,” Polotsky wrote in the survey’s notes.
“This leads me to believe that it will outperform bitcoin in terms of growth over the next decade.”
Solana in hot pursuit
Based on the data, one-tenth of Finder’s ethereum survey panelists believe the Solana (SOL) network will overtake Ethereum as the primary decentralized finance (DeFi) platform. Coreledger CEO Johannes Schweifer is among those who believe SOL can outperform ETH in this sector.
Ethereum, according to Schweifer, will not be able to solve the network’s scaling issues. “It was not designed for high throughput, and developers are aware of this, whereas other layer-1 solutions like Solana are.” “As they mature, the market will expand rapidly, and they will receive the lion’s share of all new business that is not solely based on speculation,” Schweifer added.
As markets mature, first movers can lose their initial advantage to projects that can build better and faster. Solana was built for speed, and takes a “move fast and break things” approach. Whereas Ethererum is often criticized for their slow transactions and high gas fees.
What do you think? Are you still bullish on Ethererum’s future or can Solana ultimately take the top spot?
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Jay Speakman is a technology writer based in San Francisco, California. He writes on the topics of blockchain, cryptocurrency, DeFi and other disruptive technologies. Clients include Avalanche, Be[in]Crypto, Trust Machines and several blogs devoted to blockchain gaming. He will not rest until fiat currency is defeated.