Seven days ago, finder.com, a product comparison website, published a forecast report based on predictions from several crypto and fintech experts predicting Bitcoin's year-end price for 2023. Following the Bitcoin price prediction report, Finder released another survey focused on Ethereum, the second largest crypto asset in terms of market capitalization. Finder specialists believe Ethereum will reach a high of $2,474 per token this year and end the year at $2,184 per unit. 24% of panelists believe Ethereum will surpass Bitcoin by 2025, Finder survey shows This week, finder.com, a product comparison website, released a review report covering 56 fintech and…
Seven days ago, finder.com, a product comparison website, published a forecast report based on predictions from several crypto and fintech experts predicting Bitcoin's year-end price for 2023. Following the Bitcoin price prediction report, Finder released another survey focused on Ethereum, the second largest crypto asset in terms of market capitalization. Finder specialists believe Ethereum will reach a high of $2,474 per token this year and end the year at $2,184 per unit.
This week finder.com, a product comparison website, released a Test report which surveyed 56 fintech and cryptocurrency specialists to gauge their predictions for Ethereum ( ETH ) prices this year. ETH experienced a challenging year in 2022, similar to most digital currencies in the crypto economy, but prices have picked up in the first month of 2023. This is shown by 30-day statistics ETH has risen more than 32% against the US dollar and is now just below the $1,600 per unit range.
The experts at Finder believe so ETH will end the year at $2,184 per unit and reach a peak of $2,474 per token sometime in 2023. Similar to the Bitcoin forecast report published last week, Finder specialists expect ETH fall to a significant low against the greenback. The panelists assume ETH could hit a low of $984 this year. Ben Ritchie, Managing Director at Digital Capital Management, expects ETH to end the year at $2,500 per year coin but also pointed out ETH Prices could fall to as low as $900 per unit in 2023.
“Ethereum continues to dominate the market as the leading smart contract platform and is driving a number of innovative projects within its ecosystem,” Ritchie explains in the report. “However, recent market challenges have raised concerns among investors and could limit the price of Ethereum [reaching] $2,500 this year. Despite this, [the network’s] low annual inflation rate is expected to keep the price stable and above $900 even if future market disruptions occur.
About 24% of panelists surveyed believe Ethereum will surpass Bitcoin by 2025. The report shows that 48% of Finder panelists expect “flipping” to occur at some point. Currently 60% of fintech and crypto experts believe so ETH is undervalued, and about 28% believe it is reasonably priced. Around 12% of the panelists think so ETH is overpriced and 16% currently recommend selling. 56% of report participants believe it is a good time to buy and 28% recommend holding.
“If you examine all blockchains on the basis of security, decentralization and scalability, no other has their fundamental balance and rational governance, coupled with the critical mass of Ethereum,” noted technologist and futurist Joseph Raczynski. "That's not to say it can't be overthrown, but with every month that passes it becomes less likely." The report's average prediction for 2025 is: ETH is valued at $6,033 per unit. The panelists surveyed expect this to happen by 2030 ETH at a price of $14,316 per coin.
You can check out Finder’s Ethereum price prediction report in its entirety here.
What do you think about Finder’s predictions for Ethereum prices in 2023? Do you agree with the experts’ assessment or do you see a different outcome for the leading smart contract platform? Let us know in the comments section below.
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