The recent hard fork of Ethereum (ETH), which allows users to withdraw ether from staking, positions the cryptocurrency as a formidable rival to US Treasury bills in the coming years, according to US $69 billion asset manager VanEck.
Along with expectations that ETH will account for 70% of smart contract protocols, in 2030 the world’s second-largest cryptocurrency by market cap could reach a price of $11,800.
If VanEck’s predictions turn out to be realistic, by 2030 the price of Ethereum will increase by 531% compared to the current value.
In addition, VanEck predicts an increase in ETH network revenue from $2.6 billion per year to $51 billion in 2030. This forecast is made using cash flow forecasts and fully diluted valuation calculations.
In addition, multiple valuations were used in the calculations using a long-term estimated cash flow of 7% minus a long-term cryptocurrency growth rate of 4%.
Source: Cryptocurrency
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