By
Chimamanda U. Martha
April 24th, 2024
However, despite the bullish calls, UNSW associate professor Elvira Sojli thinks the Ethereum price will trade around $1,850 by the end of 2025.
After hitting its new ATH of $4350, Ethereum price was up approximately 7.9% on Wednesday, May 12, 2021, and trading around $4,291 at the time of reporting according to Binance-backed Coinmarketcap. Notably, Ethereum (ETH) did set a new record in the past 24-hours around $4,350. Thereby, the asset has skyrocketed over 1010460% in the past six years. Additionally, Ethereum has an approximate return on investment (ROI) if purchased at the time of launch of 150111.43%.
Forward, an expert panel suggests Ethereum price could soar to almost $20,000 in the next four years. That would reciprocate to a rally of around 400% by the end of 2025. However, Ethereum is full of surprises and could hit the value sooner depending on the developers’ ability to deliver Eth 2.0. Otherwise, hitting 20k could end up a dream for the Ethereum community if the delays to reduce transaction cost and Eth 2.0 sustain in the coming years.
New Ethereum Price ATH and ETH Market Perspective
The Ethereum ecosystem has seen a huge adoption and backing by institutional investors seeking to venture into the decentralized financial ecosystem. According to a panelist of 35 analysts, Ethereum will be the most widely used digital asset by the end of 2022, perhaps dethroning Bitcoin.
The panel included Coinmama chief executive Sagi Bakshi, ConsenSys head economist Lex Sokolin and was surveyed by personal finance comparison site Finder. According to their survey, Ethereum is poised to significantly benefit from the huge demand in decentralized finance (DeFi) and also the non-fungible tokens (NFTs). As a result, Eth will have more use cases than the leading digital asset Bitcoin.
Currently, Eth developers are working on rolling out the beacon chain that encompasses the proof of stake concept. Additionally, there are third-party startups working on helping decongest the Ethereum ecosystem through rollup concepts.
“We are likely to see major upgrades to the ethereum network this year, and those can be expected to push the price higher,” said panel member BitBull Capital chief operating officer Sarah Bergstrand—who thinks ethereum will rocket to a staggering $100,000 by 2025.
Ethereum network has reported high activities in the recent past partially fueled by Dogecoin and other similar coins exposed to crazy speculation.
Ethereum network growth is, however, facing fierce competition from other smart contract providers including Polkadot, Tron ecosystem and Binance Smart that offers cheap and scalable solutions to the developers and users.
Despite the bullish calls, UNSW associate professor Elvira Sojli thinks the Ethereum price will be around $1,850 by the end of 2025.