Ethereum

when

Billion

How huge this will be when the ETH, which is trading below the $4k range, reaches the $22,000 mark. For some, it might be impossible, but analyzing Bitcoin’s performance over the years raises hopes and makes it not necessarily impossible. Moreover, Ethereum is the second biggest cryptocurrency in the market, both in popularity and its market cap, so the prediction might come true. But what is the deal with this Ethereum price prediction, and what will happen if the price reaches the $22,000 mark? Let us discuss that in this blog.
<h2 id="vaneck-claims-ethereum-price-to-surge-to-22-000-by-2030">VanEck Claims Ethereum Price To Surge To $22,000 By 2030</h2>
VanEck, a famous Wall Street Investment Manager, is an Ethereum enthusiast who believes that,
<blockquote>
 ETH is a revolutionary asset with few parallels in the non-crypto financial world. ETH can be thought of as ‘Digital Oil’ because it is consumed by engaging in activity on Ethereum
</blockquote>
But that’s not all, as he has recently posted on X revealing the Ethereum prediction, which states that the Ethereum price will surge to $22,000 by the year 2030 under the influence of the <a href="https://coingape.com/education/ethereum-etf-approved-everything-you-need-to-know/" rel="noopener noreferrer nofollow">Ethereum ETF</a>. VanEck and the team are trying to enter the Ethereum ETF market by listing their ETF and are quite enthusiastic about it.
Even before the ETH ETF approval, he had predicted that the ETFs might generate $3.1 to $4.8 Billion in inflows within the first five months of listing. And now, after the approval, he posted a prediction about the Ethereum price considering the influence of the Ethereum ETF.
The post says “We’ve raised our 2030 ETH price target to $22,000, influenced by ether ETF news, scaling progress, and our read of on-chain data.”
<blockquote>
 We’ve raised our 2030 ETH price target to $22K, influenced by ether ETF news, scaling progress, and our read of onchain data. Additionally, we’ve analyzed how ETH and BTC perform in both traditional and crypto-only portfolios for optimal returns. <a rel="noopener noreferrer nofollow" href="https://twitter.com/matthew_sigel?ref_src=twsrc%5Etfw">@Matthew_Sigel</a> <a rel="noopener noreferrer nofollow" href="https://twitter.com/Patrick_Bush_VE?ref_src=twsrc%5Etfw">@Patrick_Bush_VE</a>…
 — VanEck (@vaneck_us) <a rel="noopener noreferrer nofollow" href="https://twitter.com/vaneck_us/status/1798428976068657411?ref_src=twsrc%5Etfw">June 5, 2024</a>
</blockquote>
He further provides a detailed report authorized by Denis Zinoview, Matthew Sigel, and Patrick Bush, explaining how this will be possible. This target of $22,000 is the base price target. The report actually included the bullish and the bearish price targets of $154,000 and $360.
<h3 id="what-will-happen-if-this-prediction-comes-true">What Will Happen If This Prediction Comes True?</h3>
Ethereum is among the biggest digital economies, where 20 Million monthly users stay active on the network. In a year’s interval, it has processed $4 trillion worth of transactions and the transfers of <a href="https://coingape.com/glossary/stable-coins/" rel="noopener noreferrer nofollow">stablecoins</a> worth around $5.5 Trillion. Moreover, it has a value of $3,849.92 with $462 Billion in market capitalization and $13.9 Billion in trading volume, highlighting its dominance in the market.
If VanEck’s Ethereum price prediction comes true, it will become an economy worth $2.6 Trillion. This will become even bigger than Bitcoin, which has $1.3 Trillion with a <a href="https://coingape.com/price/bitcoin/" rel="noopener noreferrer nofollow">BTC price</a> of $71K. Every trader who holds Ethereum will make six times the value, creating millionaires and billionaires.
For example, a person who has invested $10,000 to buy Ethereum at the current price, this investment will get around 2.6ETH tokens. Once the price rises to $22,000, the same 2.59ETH will be worth $57,142, making $47,142 in profits. The calculation can continue, and the 20,000 investment will make $94,285 in profits, $50,000 will make $235,714 in profits, etc.
<h4>Can Ethereum Price Surge to $22,000?</h4>
VanEck’s prediction is supported by multiple factors, including the dominance of Ethereum among all the <a href="https://coingape.com/glossary/smart-contract/" rel="noopener noreferrer nofollow">Smart Contracts</a> platforms. He has also envisioned a way to generate $66 Billion in cash flows, which will generated by the network to support this $2.2 trillion of capitalization after the ETH price hits $22,00.
He has highlighted that this surge to $22,000 will be driven by many growth factors, including the blockchain’s utility, the growth of digital finance, and AI by 2030.
However, some constraints make it a little challenging to envision such huge growth. <a href="https://coingape.com/price/ethereum/" rel="noopener noreferrer nofollow">Ethereum price</a> is almost one-sixth of the $22,000 prediction and has not achieved anywhere closer to that. Though Ethereum is among the highly demanded networks, it will be challenging to surge that high.
Moreover, the continuous fear of being classified as a Security will always be haunting. The <a href="https://coingape.com/trending/sec-investigates-ethereums-security-designation-with-crypto-exchanges/" rel="noopener noreferrer nofollow">SEC</a> has approved the Ethereum ETF, but the classification is still uncertain. If Ethereum gets classified as Security, it will constrain the development and price of the ETH.
Continue Reading <a href="https://coingape.com/trending/can-bnb-price-surge-any-higher-than-this-new-ath-analysts-take/" rel="noopener noreferrer nofollow">Can BNB Price Surge Any Higher Than This New ATH? Analysts Take</a>
The post <a href="https://coingape.com/trending/what-will-happen-if-vanecks-ethereum-price-prediction-of-22000-comes-true/" rel="noopener noreferrer nofollow">What Will Happen If VanEck’s Ethereum Price Prediction of $22,000 Comes True?</a> appeared first on <a href="https://coingape.com" rel="noopener noreferrer nofollow">CoinGape</a>.

What Will Happen If VanEck’s Ethereum Price Prediction of $22,000 Comes True?

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