VanEck Predicts 10X Surge For Ethereum Price By 2030 – NewsTo
VanEck Predicts 10X Surge For Ethereum Price By 2030

VanEck Predicts 10X Surge For Ethereum Price By 2030

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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