Fun

Finder’s Specialists Predict Ethereum Will Slip to $963 This Year, but End 2022 at $1,377 per Unit

News Feed - 2022-10-12 11:10:45

Finder"s Specialists Predict Ethereum Will Slip to $963 This Year, but End 2022 at $1,377 per Unit


46% of around 55 fintech and cryptocurrency specialists believe ethereum is undervalued following The Merge, according to a recent survey published by the comparison website Finder.com. With less than three months left in 2022, Finder’s panelists predict that ethereum will drop as low as $963 per unit this year, and they also expect ethereum to end the year at $1,377 per unit. 46% of Finder’s Experts Think Ethereum Is Undervalued, While 31% Think the Price Is Fair


On October 11, 2022, Finder.com, the product and price comparison web portal, published a new prediction survey that discusses the second-leading crypto asset ethereum (ETH). Bitcoin.com News reported on Finder’s last ether prediction poll which said ether’s value could bottom out at $675 per coin by the year’s end. The latest ethereum Finder’s survey leverages 55 fintech and crypto experts who predict a different outcome regarding ether’s future value.


For instance, 46% of the latest survey’s panelists believe ETH is undervalued but will drop as low as $963 per unit this year. The panelists also believe that after the $963 bottom is in, ether will end 2022 at $1,377 per unit. 31% of the surveyed experts think ethereum is currently fairly priced and 23% of Finder’s panelists think ETH is overpriced. By 2025, the panelists expect ETH to reach $5,154 per ether and by 2030, the experts think ETH will tap $11,727 per unit.


Thomson Reuters technologist and futurist, Joseph Raczynski, predicts ETH will reach $1,700 by the end of 2022.


“[Ethereum] has fallen in value, though one could argue, Ethereum is actually more valuable and secure now. The narrative is also way better on the environmental impact, reducing electricity consumption by over 99%,” Raczynski remarked in Finder’s latest ether prediction study.


SEBA Bank head of research Yves Longchamp is one of the 31% of panelists that believe ether is fairly priced at the moment. “The Ethereum ecosystem is undergoing a series of upgrades,” Longchamp wrote. “All are intended to lead the Ethereum network to greater scalability, transaction speed, and cost efficiency. Once complete, The Merge will set up Ethereum to be a global settlement layer, fit for building powerful decentralized applications.” Panelists Say While Ethereum Won Points From Bureaucrats and Environmentalists, the Points Were a Trade-off for Less Decentralization


Boston Trading Co. CFO Jeremy Britton detailed during the survey that even though Ethereum has won points with governments and environmentalists, the protocol “lacks the decentralization for which crypto was intended.” Tommy Honan, the head of strategic partnerships at Swyftx has a similar opinion. Honan says the validator concentration within the ETH network is concerning, and it can give bitcoin (BTC) an advantage.


“Early statistics on concentration of staking validators is quite concerning, given 5 or so based in the U.S. account for around 64% of staked ETH globally,” Honan explained. “Although I believe this will level out over time, it means The Merge event has further contributed to the centralisation of Ethereum, another card for the Bitcoin maximalists to hold over its closest rival.”


56% of Finder’s panelists, however, do not think the blockchain will ever be “monopolized by a single player,” and 22% think that it’s likely a single player could monopolize the ETH network. 22% responded that they are “unsure” about whether or not ETH will be ruled by centralized entities in the future. Tags in this story Bitcoin (BTC), Boston Trading Co., eth predictions, Ethereum, ethereum long-term predictions, Ethereum Merge, ethereum predictions, Ethereum Price, Finder, finder ethereum predictions, finder panel of experts, Finder.com, Finder"s ethereum, Jeremy Britton, Joseph Raczynski, merge, monopolize, monopolize staking validators, SEBA Bank, staking validators, Swyftx, The Merge, Thomson Reuters, Tommy Honan, Yves Longchamp


What do you think about the recent Finder’s prediction study concerning the second leading crypto asset ethereum? Let us know what you think about this subject in the comments section below. Jamie Redman


Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 6,000 articles for Bitcoin.com News about the disruptive protocols emerging today. Billionaire Paul Tudor Jones Expects Bitcoin Price to Be "Much Higher" Than Today MARKETS AND PRICES | 2 days ago 30-Day NFT Sales Are 88% Lower Than They Were 8 Months Ago, Google Searches Nosedived MARKETS AND PRICES | 3 days ago


Image Credits: Shutterstock, Pixabay, Wiki Commons Previous articleEtherMail’s Read-2-Earn Solution: A Much-Needed Framework for Email Economics Next articleBiggest Movers: QNT Remains Near Multi-Month High, HBAR 11% Higher Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article. Read disclaimerShow comments More Popular NewsIn Case You Missed ItRipple CEO: SEC Lawsuit Over XRP "Has Gone Exceedingly Well"


The CEO of Ripple Labs says that the lawsuit brought by the U.S. Securities and Exchange Commission (SEC) against him and his company over XRP "has gone exceedingly well." He stressed: "This case is important, not just for Ripple, it’s ... read more.NFT Sales Volume Saw a Small Uptick This Week — Moonbirds, Mutant Apes Take Top Sales Digital Ruble ‘Much Needed,’ Russia’s Central Bank Says, Won’t Delay Testing Economist Predicts the Fed"s Response to Inflation Will Push Crypto Higher Terra"s Algorithmic Dollar-Pegged Crypto UST Is Now the Third-Largest Stablecoin

News Feed

Indian Minister Inaugurates Blockchain Center of Excellence in Bengaluru
Indian Minister Inaugurates Blockchain Center of Excellence in Bengaluru A Centre of Excellence in Blockchain Technology has been inaugurated by Indian Union Minister Ravi Shanka
Jesse Coghlan55 minutes agoBTC bull market began in March, more will realize in a year — Arthur HayesThe BitMEX co-founder says Bitcoin has been on a bull run since the Fed’s $25 billion dollar program aimed at stabi
Argentina to Revamp Anti Money Laundering Law, Proposes Creation of VASP Registry
Argentina to Revamp Anti Money Laundering Law, Proposes Creation of VASP Registry Argentina is preparing to revamp its anti-money laundering and terrorism financing law. It has pro
Ron Paul Cautions Government Could Still Ban Bitcoin — Says He’s Influenced ‘a Whole Lot’ by History
Ron Paul Cautions Government Could Still Ban Bitcoin — Says He"s Influenced "a Whole Lot" by History Former U.S. Congressman Ron Paul says he still believes that the government c
Balancer Protocol Reveals Partnership With Wallstreetbets Defi Project Wsbdapp
Balancer Protocol Reveals Partnership With Wallstreetbets Defi Project Wsbdapp On Wednesday, the programmable liquidity platform Balancer Protocol announced the project has partner
a16z co-founders pledge to support Trump in wake of Vance VP pick: Report
Alex O’Donnell6 hours agoa16z co-founders pledge to support Trump in wake of Vance VP pick: ReportNumerous Silicon Valley insiders are reportedly donating to the Republican presidential nominee.3820 Total views4 Total
Amaka Nwaokocha12 hours agoDeFi enforcement sparks dissenting opinion from CFTC commissionerThe commissioner advocated public and stakeholder engagement through rulemaking, not just enforcement.1151 Total views31 Total s
Bitcoin price tops $68K, but a few concerning headwinds remain
Marcel Pechman5 hours agoBitcoin price tops $68K, but a few concerning headwinds remainBitcoin price shows strength as investors expect the Fed to resume printing, but a handful of global macroeconomic headwinds are stil
Crypto Portfolio App Ember Seeks $1 Million in SEC-Registered Securities Sale
Ember Fund, makers of an AI-managed cryptocurrency portfolio app, is seeking to raise up to $1 million through a Securities and Exchange Commission-registered securities sale. The y
Undervalued Metaverse Project Mars4 Is Preparing for New Releases
Undervalued Metaverse Project Mars4 Is Preparing for New Releases sponsored In the crypto industry, investors are always on the search for undervalued projects that have the greates
Here’s what musicians actually think of tokenizing content in Web3
Savannah Fortis10 hours agoHere’s what musicians actually think of tokenizing content in Web3Web3 music platforms offer musicians and creators the opportunity to tokenize their content in exchange for more connectivity
Senator Chuck Schumer pledges pro-crypto laws if Harris is president
Tom Mitchelhill8 hours agoSenator Chuck Schumer pledges pro-crypto laws if Harris is presidentSpeaking at the Crypto4Harris event, the Senate majority leader said he will make it his goal to introduce pro-crypto legislat