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VanEck and StoneX Raise Ethereum Price Target to $12,000 by 2030

VanEck and StoneX predict Ethereum (ETH) could reach $12,000 by 2030, citing strong transaction volume and future technological upgrades.
ethereum

In a newly released analysis on September 12, financial experts from VanEck and StoneX raised their price valuation for Ethereum (ETH), predicting the cryptocurrency could hit $12,000 by the end of 2030. This significant update reflects growing confidence in the Ethereum network’s potential to generate substantial free cash flow and drive market value.

eth price chart
Ethereum Price Chart on September 12 (Source: Coinmarketcap)

VanEck, a globally respected investment fund known for its Spot Bitcoin (BTC) and Ethereum (ETH) ETFs, collaborated with StoneX Digital, a US NASDAQ-listed financial brokerage firm, to provide these insights.

According to Matthew Sigel, Director of Digital Asset Research at VanEck, the Ethereum network could produce up to $42.90 billion in annual free cash flow by the end of this decade, pushing ETH’s price to $11,849 in a “Base Case” scenario.

eth prediction
Ethereum Revenue and Price Targets 2030 (Source: VanEck)

VanEck’s report also outlines various market scenarios. ETH could reach as high as $51,006 in a highly bullish outlook. Conversely, if conditions deteriorate, the price could drop to as low as $343 in a bearish scenario.

Sigel emphasized Ethereum’s growing dominance in global transactions, noting that the network has processed $5 trillion in payment volume in 2023, positioning it close to industry giant Visa. Despite a challenging market environment, stablecoin transactions on Ethereum have reached an all-time high of $1.46 trillion, more than double the $650 billion recorded at the start of the year.

David Kroger, a data scientist from StoneX, echoed Sigel’s optimism at a conference on September 10, forecasting that ETH could rise to $4,600 within the next 18 months and potentially reach $12,600 by the end of the decade, driven by upcoming technological upgrades.

Although ETH has underperformed compared to Bitcoin (BTC) since the beginning of 2024—up less than 1% compared to BTC’s 36% surge—both Sigel and Kroger remain confident in Ethereum’s long-term recovery potential. ETH has declined 34% over the past 90 days, while BTC saw a 15% drop in the same period.

One contributing factor to ETH’s underperformance could be the sluggish trading activity of ETH ETFs in the US, with daily trading volumes dropping to under $200 million, a stark contrast to the $1 billion volumes seen on the ETFs’ launch day.

In addition to financial forecasts, Sigel also expressed political concerns, suggesting that a potential victory for Donald Trump in the upcoming US presidential election would be favorable for the crypto market. Conversely, a win by Vice President Kamala Harris could boost Bitcoin dominance (BTC.D) but negatively impact other altcoins, including ETH.

Related news: Nearly $300 Million Liquidated as Ethereum Hits 2024 Low and Bitcoin Declines

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