Mathew Sigel, head of Digital Assets Research at VanEck, recently spoke about Ethereum’s potential price. While referencing a report, Sigel discussed the future price targets for Ethereum.
According to Sigel, VanEck’s base case for Ethereum is $11,000 per coin. This valuation is derived from an anticipated growth in Ethereum’s total market size, expected to increase from $2.5 billion annually to $50 billion over the next six to seven years.
The base case of $11,000 per Ethereum token is a projection made by VanEck, indicating a substantial increase in value compared to its current price. While a previous report suggests a potential price of $50,000 for Ethereum by 2030, the base case target of $11,000 remains the most recent estimate.
He said on the Paul Barron Network show, “We just refreshed this internally to make sure it’s still valid. Our base case is $11,000 per coin for Ethereum, and that’s based on a topline that grows from about 2.5 billion dollars annuallyized today to $50 billion over the next six to seven years. I mean, we’re going to need to see some decentralized apps go viral and get mass adoption to achieve that price target.”
VanEck’s evaluation considers various factors, such as Ethereum’s expanding adoption and growing market, leading to an optimistic outlook for its future price. However, it’s important to note that various market dynamics and developments can influence these projections.
He mentioned that the crypto landscape might change due to macroeconomic factors. Typically, Bitcoin becomes more dominant during cryptocurrency bear markets, while Ethereum is considered a riskier asset. However, investors seek even riskier assets when the cryptocurrency market is bullish, leading to Ethereum and other cryptocurrencies performing well.
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