Ethereum Price Could Surge 10X by 2030: VanEck Predicts
• VanEck, an investment firm, predicts that Ethereum’s annual revenue could potentially surge from $2.6 billion to a staggering $51 billion by 2030.
• This could lead to an impressive price of $11.8k per token by 2030.
• Ethereum is currently priced at $1,875.79 USD with a 24-hour trading volume of $9,361,683,038 USD and has seen a 3.32% increase in the past 24 hours.
VanEck Predicts 10X Surge For Ethereum Price By 2030
VanEck, an investment firm has unveiled its prediction for Ethereum’s future showing that it’s annual revenue could surge from $2.6 billion to a staggering $51 billion by 2030 which could potentially catapult the price of Ethereum to an impressive $11.8k per token by 2030 based on their valuation model which factors in transaction fees and global tax rate of 15%.
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 and has seen a 3.32% increase in the past 24 hours..
Future Prospects For Ethereum
The future holds great potential for Ethereum as it solidifies its position as a leading smart contract platform and gains market share as it looks set to captivate investors and enthusiasts alike due to its groundbreaking innovations.
How The Model Works
Using an innovative approach called Maximal Extractable Value (MEV) along with “Security as a Service” concept together with validator fee of 1%, VanEck estimates that projected cash flows will reach an astonishing amount of$42.90 billion leading them to believe that the token supply can reach up to 120 million tokens using free cash flow multiple of 33x .
With these predictions in mind VanEck believes that the future is bright for Etheruem and its journey towards reaching an impressive price milestone of 11 848$ per token is definitely possible given all the news surrounding cryptocurrency at present time