VanEck believes that Ethereum could reach $51,000 by 2030

According to asset management company VanEck, Ethereum could reach $11,850 by 2030. And if there are positive events, the price of the cryptocurrency will be $51,000.

Analysts have voiced three growth scenarios for the second most popular digital coin in 2030. According to the base case, ETH will cost $11,849. In a bullish scenario, the price of Ether will be $51,006, but in a bearish scenario, the price of the coin will drop to $343.

“We base our estimates on the assumption that Ethereum will become the dominant global open source settlement network. It will house a significant portion of the commercial activity of the business sectors with the highest potential for profit. In the list of similar platforms with support for smart contracts, we assume the purchase of call options for the long term. At the same time, it is the dominant platform that is likely to take the lion’s share of the market,” VanEck experts noted.

In addition, they stated that Ethereum is most likely to be a wealth accumulation tool — like BTC, but with some differences.

“We argue that ETH goes beyond a transactional currency or a commodity similar to oil or gas. We believe that the coin is not a full-fledged store of value, like bitcoin, due to the possibility of changing the Ethereum code and the general position of the project focused on utility. However, this cryptocurrency can become a store of value for government organizations seeking to maximize human capital,” the analysts summed up.

Meanwhile, the network noticed that the address of one of the major owner of Ethereum, which had not been used for the past 8 years, suddenly resumed activity. Several thousand coins were transferred from it to a new address.

This is not the first time this has happened. Community members wondered what the activity of previously dormant whales would entail. If such cases are linked, and large ETH investors want to sell their assets, then their impact on the industry could be significant.