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October 1, 2023
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VanEck Predicts 10X Surge For Ethereum Price By 2030- Here’s How

The post VanEck Predicts 10X Surge For Ethereum Price By 2030- Here’s How appeared first on Coinpedia Fintech News

Excitement is building in the crypto space as VanEck, an investment firm, unveils a stunning prediction for Ethereum’s future. Their analysis suggests that Ethereum’s annual revenue could surge from $2.6 billion to a staggering $51 billion by 2030, potentially catapulting the price of Ethereum to an impressive $11.8k. 

Here’s his bullish outlook on ETH: 

Using an innovative approach, The analyst considers transaction fees, Maximal Extractable Value (MEV), and the concept of “Security as a Service” to evaluate Ethereum’s potential. Whereas their valuation model paints a vivid picture of Ethereum’s bright future.

Factoring $11.8k Price Target?

By factoring in a validator fee of 1% and a global tax rate of 15%, VanEck estimates Ethereum’s projected cash flows to reach an astonishing $42.90 billion. With a free cash flow (FCF) multiple of 33x and a token supply of 120.7 million, his model suggests Ethereum could reach an impressive price of $11,848 per token by 2030.

Current Ethereum Status

According to CoinMarketCap, Ethereum’s live price today is $1,875.79 USD, with a 24-hour trading volume of $9,361,683,038 USD. Ethereum has seen a 3.32% increase in the past 24 hours.

Also Read: Bitcoin Facing Bearish Action-While Long-Term Projections Hint $40,000 May Be on Horizon

Future Prospect!

The future holds great potential for Ethereum as it solidifies its position as a leading smart contract platform and gains market share. VanEck’s bold projection provides a glimpse into the remarkable growth Ethereum could achieve. With groundbreaking innovations, Ethereum’s journey to an $11.8k price milestone is poised to captivate investors and enthusiasts alike. 

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