{"id":562283,"date":"2023-11-24T19:00:50","date_gmt":"2023-11-24T19:00:50","guid":{"rendered":"https:\/\/wncen.com\/?p=562283"},"modified":"2023-11-24T12:13:01","modified_gmt":"2023-11-24T12:13:01","slug":"ethereum-36800-token-terminal","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ethereum\/ethereum-36800-token-terminal\/","title":{"rendered":"Ethereum To $36,800? Token Terminal Predicts When This Will Happen"},"content":{"rendered":"

Blockchain analytics platform Token Terminal has provided insight into the <\/span>future trajectory<\/span><\/a> of the second largest cryptocurrency by market cap, <\/span>Ethereum (ETH)<\/span><\/a>. Interestingly, they predict that the crypto token could rise as high as $36,800.<\/span><\/p>\n

When Ethereum Will Hit $36,800<\/h2>\n

In the <\/span>research paper<\/span><\/a> released by the platform, Ethereum is billed to hit the $36,800 mark by 2030. However, this prediction is made in the best-case scenario of 2030 being a bull market season. One of the ways in which they analyzed <\/span>ETH\u2019s future value<\/span><\/a> was with the total Addressable Market analysis.\u00a0<\/span><\/p>\n

Related Reading: Shiba Inu Community Project Calls Out Founders For Refusing To Burn 103 Trillion SHIB<\/a><\/div>\n

They looked at the industries already adopting blockchains while forecasting how much of them will move on-chain by 2030. In line with this, they considered the role <\/span>Ethereum<\/span> could play in this in <\/span>terms of tokenization<\/span><\/a>. Token Terminal believes that all assets could be tokenized on the network, playing an integral role in the finance industry.\u00a0<\/span><\/p>\n

The finance industry apparently does over $28 trillion in annual revenues at the moment and is growing at a compound annual rate of 7.5%. With this in mind, Token Terminal foresees that the finance industry and Ethereum could form a mutually beneficial relationship. For one, a majority of the liquidity in the industry could become consolidated on the <\/span>Ethereum network<\/span><\/a>.\u00a0<\/span><\/p>\n

 <\/p>\n

\"Etheeum<\/p>\n

Source: Token Terminal<\/pre>\n

Alongside the prediction of $36,800 in 2030, the blockchain analytics platform projects that Ethereum could also enjoy an 80% market share among Layer 1 networks. The network could reach a monthly revenue of $109,668 in the best-case scenario (dependent on 2030 being a bull year).<\/span><\/p>\n

Ethereum\u2019s Price In The Next Bull Cycle<\/h2>\n

Meanwhile, Token Terminal also gave an insight into what Ethereum\u2019s price could look like in the <\/span>next bull run<\/span><\/a>. According to the platform, the crypto token could rise to as high as $13,000 at the peak of the bull market. From their projection, the <\/span>Bitcoin Halving<\/span><\/a> is seen as a catalyst that could spark the next cycle.\u00a0<\/span><\/p>\n

Related Reading: Analyst Says Ethereum Is Seeing \u2018Systemic Buying\u2019, What This Means<\/a><\/div>\n

\"Ethereum\"<\/p>\n

Source: Token Terminal<\/pre>\n

The next Bitcoin Halving is expected to take place on April 4, 2024. Based on Token Terminal\u2019s analysis, Ethereum\u2019s price <\/span>could rise to $2,300<\/span><\/a> by then. From that moment, ETH is projected to see an increase of over 469% as it surges to over $13,000 at the peak of the next bull cycle.\u00a0<\/span><\/p>\n

The future of <\/span>Ethereum looks really promising<\/span><\/a> based on these forecasts. Above all, Token Terminal expects the network to continue to dominate its competitors in terms of the <\/span>economic opportunity<\/span><\/a> on it. They predict that <\/span>new use cases<\/span><\/a> on Ethereum will spur it to \u201cgrow exponentially larger\u201d in the coming years.\u00a0<\/span><\/p>\n

\"Ethereum<\/p>\n

ETH price reclaims $2,100 | Source: ETHUSD on Tradingview.com<\/a><\/pre>\n
Featured image from The Conversation, chart from Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"

Blockchain analytics platform Token Terminal has provided insight into the future trajectory of the second largest cryptocurrency by market cap, Ethereum (ETH). Interestingly, they predict that the crypto token could rise as high as $36,800. When Ethereum Will Hit $36,800 In the research paper released by the platform, Ethereum is billed to hit the $36,800 mark by 2030. However, this prediction is made in the best-case scenario of 2030 being a bull market season. One of the ways in which they analyzed ETH\u2019s future value was with the total Addressable Market analysis.\u00a0 Related Reading: Shiba Inu Community Project Calls Out Founders For Refusing To Burn 103 Trillion SHIB They looked at the industries already adopting blockchains while forecasting how much of them will move on-chain by 2030. In line with this, they considered the role Ethereum could play in this in terms of tokenization. Token Terminal believes that all assets could be tokenized on the network, playing an integral role in the finance industry.\u00a0 The finance industry apparently does over $28 trillion in annual revenues at the moment and is growing at a compound annual rate of 7.5%. With this in mind, Token Terminal foresees that the finance industry and Ethereum could form a mutually beneficial relationship. For one, a majority of the liquidity in the industry could become consolidated on the Ethereum network.\u00a0   Source: Token Terminal Alongside the prediction of $36,800 in 2030, the blockchain analytics platform projects that Ethereum could also enjoy an 80% market share among Layer 1 networks. The network could reach a monthly revenue of $109,668 in the best-case scenario (dependent on 2030 being a bull year). Ethereum\u2019s Price In The Next Bull Cycle Meanwhile, Token Terminal also gave an insight into what Ethereum\u2019s price could look like in the next bull run. According to the platform, the crypto token could rise to as high as $13,000 at the peak of the bull market. From their projection, the Bitcoin Halving is seen as a catalyst that could spark the next cycle.\u00a0 Related Reading: Analyst Says Ethereum Is Seeing \u2018Systemic Buying\u2019, What This Means Source: Token Terminal The next Bitcoin Halving is expected to take place on April 4, 2024. Based on Token Terminal\u2019s analysis, Ethereum\u2019s price could rise to $2,300 by then. From that moment, ETH is projected to see an increase of over 469% as it surges to over $13,000 at the peak of the next bull cycle.\u00a0 The future of Ethereum looks really promising based on these forecasts. Above all, Token Terminal expects the network to continue to dominate its competitors in terms of the economic opportunity on it. They predict that new use cases on Ethereum will spur it to \u201cgrow exponentially larger\u201d in the coming years.\u00a0 ETH price reclaims $2,100 | Source: ETHUSD on Tradingview.com Featured image from The Conversation, chart from Tradingview.com<\/p>\n","protected":false},"author":594,"featured_media":562294,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[13625],"tags":[8323,16163,1946,90431,84307,6931,8686,78803],"class_list":["post-562283","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ethereum","tag-eth","tag-eth-price","tag-ethereum","tag-ethereum-future","tag-ethereum-prediction","tag-ethereum-price","tag-ethusd","tag-ethusdt"],"acf":[],"yoast_head":"\nEthereum To $36,800? 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His ability to keep in line with market trends has made his work a favorite among crypto investors. In his personal life, Scott is an avid traveler and his exposure to the world and various way of life has helped him to understand how important technologies like the blockchain and cryptocurrencies are. This has been key in his understanding of its global impact, as well as his ability to connect socio-economic developments to technological trends around the globe like no one else. Scott is known for his work in community education to help people understand crypto technology and how its existence impacts their lives. He is a well-respected figure in his community, known for his work in helping to enlighten and inspire the next generation as they channel their energies into pressing issues. His work is a testament to his dedication and commitment to education and innovation, as well as the promotion of ethical practices in the rapidly developing world of cryptocurrencies. 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