Token Terminal, a blockchain analytics platform, predicts that Ethereum’s price could reach $36,800 by 2030. In an in-depth look at the market’s number two, Token Terminal explains how they arrived at this massive price cap of $36,800. $36,800 for Ethereum. This would mean we would expect an increase of around 18x from current prices.
Ethereum is the king of value processing
In the report, Token Terminal calls number two in the market, among other things, the king of value processing. For example, it is predicted that Ethereum will process $14 trillion in value by 2030.
Ethereum is of course known as a smart contract platform and has a major advantage according to Token Terminal Pioneer. They were the first in the market to focus on smart contracts and according to Token Terminal this remains an advantage over competitors such as Solana and Cardano.
Despite Ethereum’s limited scalability and highly fluctuating transaction costs, Token Terminal expects it to continue to dominate the market.
Looking at future adoption, they expect Ethereum to generate half of the trillion dollars in revenue for the financial sector by 2030. According to Token Terminal, this number will increase to $14 trillion for Ethereum.
The entire financial sector generates annual revenues of approximately $28 trillion and is growing at approximately 7.5% per year.
Are there any other dangers?
According to Token Terminal, there are also a number of developments that could slow down Ethereum adoption and therefore price growth. The biggest risk, according to the blockchain analysis platform, is regulation.
According to Token Terminal, governments can intervene to maintain order.
Furthermore, according to Token Terminal, it is also possible that changes will take place in the network. This makes it difficult to predict things in the future with certainty.
For example, a bug in the software or a vulnerability in the proof-of-stake model can also be a stumbling block for Ethereum. Ultimately, we will all have to wait and see, but Token Terminal sees the future of Ethereum fundamentally as more than positive.
Source: BtcDirect
Source link
Barry Siefert is an accomplished journalist and author at The Nation View. He is known for his expertise in the field of cryptocurrency, and has written extensively on the topic. With a background in finance and economics, Barry has a deep understanding of the underlying technology and market forces that drive the crypto industry.
