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Ether (ETH), the second-largest crypto after Bitcoin (BTC), set a number of new records this week. The crypto’s price soared past $4,000 for the first time setting a new all-time high as its market cap soared past $500 billion.
Demand for the crypto has dramatically risen recently alongside the increase in DeFi projects being built on the Ethereum blockchain. Will all these positive development, it is not surprising that most crypto analysts are long-term bullish when it comes to ETH’s price trajectory.
In fact, the personal finance comparison site Finder.com believes that that Ether (ETH) could rise above $19,000 in just four years. The site updated its “Finder Cryptocurrency Predictions 2021” on Monday, May 10, 2021, according to Bitcoin.com
“By 2025, the panel expects Ethereum to hit $19,842 on average,” Finder wrote on the report. The site’s cryptocurrency panel is composed of 35 experts.
Bitbull Capital COO Sarah Bergstrand gave the highest prediction for the crypto as she believes ETH could soar as high as $100,000 by 2025. “We are likely to see major upgrades to the Ethereum network this year, and those can be expected to push the price higher,” she elaborated on her bullish stance.
Meanwhile, the most bearish price prediction came from UNSW associate professor Elvira Sojli. By the end of 2025, Sojli believes that Ether will be trading at just $1,850.
The site’s panel also gave its price forecast this year. “Panellists predict that the price of Ethereum will hit $4,512 on average by the end of the year,” the panel wrote in the report. “That’s a 234% increase from December’s end-of-year prediction of $1,351.”
Two panelists - University College of Dublin assistant professor Paul Ennis and YAP Global founder and CEO Samantha Yap – gave the highest forecasts for this year at $10,000. Ennis believes that “ethereum is highly undervalued and has far more uses than bitcoin” while Yap explained that “once BTC is mass adopted, ETH will be next on people’s list.”
More than half of the crypto panel members suggested buying ETH now. “The majority of panelists (59%) say now is the time to buy ethereum, while 28% say ‘hodl’ and 13% say it’s time to sell,” the report added.
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