Ethereum

Based

Bitcoin

Felix

Ether’s (<a data-ct-non-breakable="null" href="https://cointelegraph.com/ethereum-price" rel="" target="_self" text="null" title="https://cointelegraph.com/ethereum-price">ETH</a>) spot price could potentially rise to between $12,000 and $22,000&nbsp;by the end of this decade in an upside scenario, according to two estimates from analysts at cryptocurrency brokerage StoneX Digital and asset manager VanEck.
Matthew Sigel, VanEck’s head of digital asset research, expects the Ethereum network to generate up to $66 billion in annual free cash flow by 2030, driving spot ETH’s price as high as $22,000 per token. 
David Kroger, a data scientist at StoneX, sees ETH prices climbing to roughly $4,600 over the next 18 months.&nbsp;
“The upside, though, is much higher — around $12,621 — especially considering some of the upcoming technological upgrades that Ethereum is working on,” Kroger said, speaking alongside Sigel at a Sept. 10 StoneX panel.
<figure>
 <img alt="VanEck, StoneX analysts peg Ether price upside at $12K to $22K" name="" src="https://s3.cointelegraph.com/uploads/2024-09/0191e1ed-4f13-71ce-9e13-b3368120b899">
 <figcaption style="text-align: center;">
 ETH metrics for the 12 months prior to June 2024. Source: VanEck
 </figcaption>
</figure>
Related: <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/based-rollups-could-improve-ethereum-incentives-say-commentators" rel="null" target="null" text="null" title="https://cointelegraph.com/news/based-rollups-could-improve-ethereum-incentives-say-commentators">Based Rollups </a><a data-ct-non-breakable="null" href="https://cointelegraph.com/news/based-rollups-could-improve-ethereum-incentives-say-commentators" rel="" target="_self" text="null" title="https://cointelegraph.com/news/based-rollups-could-improve-ethereum-incentives-say-commentators">pitched as fix to Ethereum incentives amid L2 fee debate</a>
The estimates are based on anticipated value accrual to ETH holders from transaction fees as Ethereum processes a growing portion of the world’s transactions.&nbsp;
“Ethereum processed roughly $4 trillion in settlement value over the last year and another $5 trillion in stablecoin transfers annually. So this is far bigger than PayPal and is beginning to approach networks like Visa,” Sigel said.
Since launching in 2015, Ethereum has generated $3 billion in fees (denominated in ETH), Sigel said. Other ETH value accrual mechanisms include “burning” — or permanently removing from circulation — a portion of transaction fees and emitting new ETH to reward stakers, who post ETH as collateral to secure the network.
<figure>
 <img alt="VanEck, StoneX analysts peg Ether price upside at $12K to $22K" name="" src="https://s3.cointelegraph.com/uploads/2024-09/0191e1ee-118c-7b26-85ae-bcb15088dc6f">
 <figcaption style="text-align: center;">
 Scenarios for ETH by 2030. Source: VanEck
 </figcaption>
</figure>
Sigel said positive ETH price action may start as soon as this year as Ethereum recovers from a sharp dropoff in revenue after the network’s March Dencun upgrade cut transaction fees by approximately 95%.&nbsp;
“There wasn’t enough volume to make up for the fee decline, so investors have become less constructive about the chain,” Sigel said. “Ethereum still has some levers it can pull to recover value [...] That’s what we’re looking at for the second half of the year.”
<figure>
 <img alt="VanEck, StoneX analysts peg Ether price upside at $12K to $22K" name="" src="https://s3.cointelegraph.com/uploads/2024-09/0191e1f8-0115-7383-b762-3c18ada04903">
 <figcaption style="text-align: center;">
 Growth in Ethereum’s daily active users. Source: VanEck
 </figcaption>
</figure>
Ethereum’s investment case “starts with a macro acknowledgment that there’s decreasing trust in existing centralized institutions. Globally… there’s strong demand for decentralized alternatives where the rules are equal for all,” Kroger said.&nbsp;
He added that “demand is more pronounced outside the [United States] because of the damage done to the credibility of the US dollar.”
Sigel said an election win by Democratic presidential candidate Kamala Harris would be “bullish for Bitcoin and Bitcoin dominance” but “might be hostile to coins other than Bitcoin.”
Magazine: <a data-ct-non-breakable="null" href="https://cointelegraph.com/magazine/bitcoin-price-all-time-highs-donald-trump-election-sec-gary-gensler-felix-hartmann-hall-of-flame/" rel="null" target="null" text="null" title="null">Bitcoin will ‘start ripping’ as Trump’s polls improve: Felix Hartmann, X Hall of Flame</a><advertisement>
 <advertisement>
 <advertisement>
 <advertisement>
 <template data-name="subscription_form" data-type="markets_outlook" label="Subscription Form: Markets Outlook"></template>
 <advertisement>
 
 </advertisement>
 </advertisement>
 </advertisement>
 </advertisement>
</advertisement>

VanEck, StoneX analysts peg Ether price upside at $12K to $22K

Cointelegraph

Other articles published on Sep 11, 2024

Spot Bitcoin ETFs record four-fold inflow spike, Ether ETFs recover from outflows

SlowMist Monthly Security Report | Total Losses for August Approximate $316 Million

WEMIX PLAY Gets a Bold New Look!

XRP Breakout Imminent? Crypto Expert Predicts $4.20 Target Amid Bullish Patterns

Orbs Announces Animoca Brands Japan as New Guardian of Its Layer 3 Network (11 Sep)

Positive Sign for Solana Holders Is on the Chart as YouTuber Updates His SOL Price Prediction

Join our free newsletter for daily crypto updates!