Ethereum on its way to an astronomical price of $22,000!
VanEck predicts that the price of Ethereum will reach $22,000 by 2030. This is a result of the changing influence of ETH and the expected revenue for token holders.
An ETF for Ethereum has been approved, which will allow investors to hold ETH through qualified custodians. VanEck sees Ethereum as a potential disruptor to traditional financial institutions and tech giants due to its growing user base.
If Ethereum maintains its leadership in smart contracts, it could generate $66 billion for token holders by 2030, representing a market valuation of $2.2 trillion.
VanEck analysts recommend investors allocate bitcoin at a 70/30 to ETH ratio for portfolios focused on cryptocurrencies.
The proposed Ethereum ETF already has the symbol “ETHV” and is listed with the DTCC, but is not yet active until it receives regulatory approval.
Recently, Ben Beddow of Cryptonews predicted that Ethereum will reach a record high of $10,200 in 2029.
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