{"id":555780,"date":"2023-10-17T17:26:07","date_gmt":"2023-10-17T17:26:07","guid":{"rendered":"https:\/\/wncen.com\/?p=555780"},"modified":"2023-10-17T17:26:35","modified_gmt":"2023-10-17T17:26:35","slug":"analysts-give-their-latest-ethereum-price-predictions","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/company\/analysts-give-their-latest-ethereum-price-predictions\/","title":{"rendered":"Analysts Give Their Latest Ethereum Price Predictions"},"content":{"rendered":"
Ethereum (ETH) has had a volatile journey in 2023, with analysts and investors continuing to speculate on the token\u2019s next move.<\/p>\n
While some argue that ETH is on the brink of another bull run, others caution that the ongoing uncertainty could continue for a while longer.<\/p>\n
Amid this speculation, there\u2019s also rising discussion about a promising new presale token called Bitcoin Minetrix (BTCMTX), which has left analysts buzzing.<\/p>\n
Ethereum\u2019s journey in 2023 has been a rollercoaster of highs and lows, reflecting both investor sentiment and technological developments.<\/p>\n
Starting the year around $1,200, ETH began an extended uptrend until mid-April, hitting a high of $2,139.<\/p>\n
Unfortunately for ETH holders, this high was fleeting, and the token’s value sharply declined, falling 24% between then and mid-June.<\/p>\n
<\/p>\n
Brief rallies and spikes have occurred since then, but Ethereum has mainly traded sideways and is now confined in a trading range between $1,530 and $1,750.<\/p>\n
Several factors have contributed to the token\u2019s performance, including the overall market instability that has affected most cryptocurrencies.<\/p>\n
Additionally, the poor response to the Ethereum futures ETFs launch has also shaped ETH’s price trajectory.<\/p>\n
The futures ETF was anticipated to bring more institutional investment into the Ethereum ecosystem \u2013 yet the ETFs received a lukewarm reception<\/a>, disappointing ETH holders.<\/p>\n Several prominent analysts have given their predictions for where Ethereum could go in the coming years, each displaying varying degrees of optimism and caution.<\/p>\n CryptoAmon, a crypto analyst with over 35,000 Twitter followers, predicted that ETH could reach $10,000<\/a> in the next bull run, based on Bitcoin (BTC) potentially surpassing $100,000.<\/p>\n Meanwhile, fellow Twitter analyst Cryptorphic used historical data to determine that Ethereum tends to peak around 546 days after each Bitcoin halving event.<\/p>\n Given this pattern, they estimate ETH may hit $14,500<\/a> by September 2025, following the BTC halving in April\/May 2024.<\/p>\n <\/p>\n Finally, VanEck\u2019s Matthew Spigel provided a valuation model for Ethereum<\/a> based on projected growth in network revenue from transaction fees, MEV, and “Security as a Service.”<\/p>\n Using this methodology, he predicts annual ETH network revenues will grow to $51 billion by 2030, implying a token price of $11,800 at that time.<\/p>\n Discounting this back at a 12% cost of capital gives a current \u201cfair value\u201d estimate of $5,359, per Spigel\u2019s analysis.<\/p>\n Based on different analytical approaches and sentiments, these predictions show a range of expectations for Ethereum’s future.<\/p>\n In addition to being optimistic about established cryptocurrencies like Ethereum, analysts have also been closely monitoring new and emerging altcoin projects.<\/p>\n One such project is Bitcoin Minetrix, which offers an innovative staking model that allows users to earn BTC mining rewards.<\/p>\n Bitcoin Minetrix (BTCMTX)<\/a> aims to disrupt the cloud mining sector by enabling users to stake their BTCMTX tokens and earn credits to access BTC mining power.<\/p>\n This model provides a low barrier to entry compared to conventional cloud mining services that often require hefty cash payments upfront.<\/p>\n On top of that, Bitcoin Minetrix features a dual-earning approach whereby users can <\/a>earn estimated yields of 356% per year<\/a> by pledging their BTCMTX to the staking pool.<\/p>\n <\/p>\n This unique setup has helped create an enormous buzz around Bitcoin Minetrix, with over 2,300 people now part of the official Telegram channel<\/a>.<\/p>\n Bitcoin Minetrix is raising funds through a limited-time presale event, offering early adopters the chance to buy BTCMTX tokens for $0.0111 before the planned exchange listings later this year.<\/p>\n The project has already raised over $1.6 million since the presale launched \u2013 attracting the attention of crypto analysts like Joe Parys.<\/p>\n <\/p>\nAnalysts Make Bold ETH Predictions from $5k to $15k by 2025<\/h3>\n
Which Other Altcoins Are Crypto Analysts Bullish On?<\/h3>\n
New Stake-to-Mine Project Bitcoin Minetrix Gains Traction & Catches Analysts\u2019 Attention<\/h3>\n