An expert crypto panel predicts that Ethereum will peak above $ 5,700 by the end of 2022.

An expert crypto panel predicts that Ethereum will peak above $ 5,700 by the end of 2022.

Ethereum (ETH) is on track to surpass $ 6,800 and set a new all-time record this year, despite trading DeFi assets at nearly three times its value as things stand.

Indeed, cryptocurrency experts examined Ethereum ahead of its upcoming merger, analyzing its price potential and the future of digital assets looks bright, according to a survey of 36 fintech experts published on May 4 conducted by Finder.

The consensus of Finder’s panel of experts on fintech and cryptocurrencies predicts that Ethereum will peak at $ 6,872 on average in 2022, roughly $ 2,000 more than the previous record of $ 4,900 before falling to $ 5,783 by the end of the year.

ETH price forecast 2022. Source: Finder

Merger to affect the price of Ethereum

Joseph Raczynski, a technologist and futurist at Thomson Reuters, had one of the more positive predictions for Ethereum’s value at the end of the year, predicting it would reach $ 8,000 by the end of the year, with “mergers” having a significant share on the rise.

“The merger, the upgrade to Ethereum, should happen this summer. This could have an explosive effect on the token. People have been waiting for this for years. It should be far safer, 99% more energy efficient and deflationary. If it weren’t for the triple potential, as the leading blockchain, I don’t know what would have happened. “

The futurist is not alone in his assessment, 35% of respondents state that the deflationary mechanism of ETH will have the most favorable impact on the market after the merger.

On the other hand, 29% believe that ETH’s low energy consumption will have the biggest impact on prices, while 16% believe that larger ETH transactions per second will have the biggest impact.

Asher Tan, CEO of CoinJar, is also confident in the future of ETH, predicting that the token will reach $ 8,500 this year before exploding to $ 35,000 by 2030.

ETH connection. Source: Finder

Participants agree that ETH will face a supply shock if freshly created Ether between the merger and upgrade in Shanghai does not enter the market, and 31% believe this is the case.

“Merger is one of the biggest and most important events in the history of cryptocurrencies – and one that has the capacity to deliver an all-powerful supply shock to the system,” Tan said.

In the previous 24 hours, Ethereum lost 8.08% and 5.77% of its value in last week’s trading at $ 2690, but the crypto community CoinmMarketCap with a historical accuracy of 80% predicted that the price of ETH will be significantly higher by May 31, 2022 .

Waiver: The content on this site should not be construed as investment advice. The investment is speculative. When you invest, your capital is in jeopardy.

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