Seven days ago, finder.com, a product comparison website, published a forecast report based on predictions from several crypto and fintech experts, predicting bitcoin’s year-end price for 2023. Following the bitcoin price prediction report, Finder released another survey focused on ethereum, the second-largest crypto asset in terms of market capitalization. Finder specialists believe ethereum will reach a peak of $2,474 per token this year and end the year at $2,184 per unit.
24% of Panelists Believe Ethereum Will Surpass Bitcoin by 2025, Finder Survey Shows
This week, finder.com, a product comparison website, published a report that surveyed 56 fintech and cryptocurrency specialists to gauge their predictions for ethereum (ETH) prices this year. ETH experienced a challenging year in 2022, similar to most digital currencies in the crypto economy, but prices have picked up in the first month of 2023. Thirty-day statistics show ETH has risen more than 32% against the U.S. dollar and is now just below the $1,600 per unit range.
Finder’s experts believe ETH will end the year at $2,184 per unit and reach a peak of $2,474 per token at some point in 2023. Similar to the bitcoin prediction report published last week, Finder’s specialists expect ETH to drop to a significant low against the greenback. The panelists suspect ETH could hit a low of $984 this year. Ben Ritchie, managing director at Digital Capital Management, expects ETH to end the year at $2,500 per coin but also noted that ETH prices could drop as low as $900 per unit in 2023.
“Ethereum continues to dominate the market as the leading smart contract platform, driving a range of innovative projects within its ecosystem,” Ritchie explains in the report. “However, recent market challenges have sparked investor concern and may limit the price of ethereum [reaching] $2,500 this year. Despite this, [the network’s] low annual inflation rate is expected to keep the price stable and above $900, even if future market disruptions occur.”
About 24% of the surveyed panelists believe ethereum will surpass bitcoin by 2025. The report shows that 48% of Finder’s panel expect a “flippening” to occur eventually. Currently, 60% of the fintech and crypto experts believe ETH is underpriced, and approximately 28% believe it is fairly priced. Around 12% of the panelists think ETH is overpriced and 16% currently recommend selling. 56% of the report’s participants believe it’s a good time to…
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