Ethereum

Token

Based

April

Blockchain analytics platform Token Terminal has provided insight into the <a href="https://bitcoinist.com/ethereum-blowout-to-10000/" rel="nofollow">future trajectory</a> of the second largest cryptocurrency by market cap, <a href="https://bitcoinist.com/whale-buys-5-5m-of-eth-will-ethereum-bulls-cruise-past-2100/" rel="nofollow">Ethereum (ETH)</a>. Interestingly, they predict that the crypto token could rise as high as $36,800. 
<h2 id="when-ethereum-will-hit-36-800">When Ethereum Will Hit $36,800</h2> 
In the <a href="https://tokenterminal.com/resources/crypto-research/ethereum-investment-framework#13-addressable-market-analysis" rel="nofollow">research paper</a> released by the platform, Ethereum is billed to hit the $36,800 mark by 2030. However, this prediction is made in the best-case scenario of 2030 being a bull market season. One of the ways in which they analyzed <a href="https://bitcoinist.com/ethereum-fee-hits-4-month-peak-what-mean-for-price/" rel="nofollow">ETH’s future value</a> was with the total Addressable Market analysis.&nbsp; 
They looked at the industries already adopting blockchains while forecasting how much of them will move on-chain by 2030. In line with this, they considered the role Ethereum could play in this in <a href="https://bitcoinist.com/crypto-asset-tokenization-transforming-systems/" rel="nofollow">terms of tokenization</a>. Token Terminal believes that all assets could be tokenized on the network, playing an integral role in the finance industry.&nbsp; 
The finance industry apparently does over $28 trillion in annual revenues at the moment and is growing at a compound annual rate of 7.5%. With this in mind, Token Terminal foresees that the finance industry and Ethereum could form a mutually beneficial relationship. For one, a majority of the liquidity in the industry could become consolidated on the <a href="https://bitcoinist.com/ethereum-long-term-bull-crossover-imminent/" rel="nofollow">Ethereum network</a>.&nbsp; 
&nbsp; 
<img loading="lazy" decoding="async" class="alignnone size-medium wp-image-562285 aligncenter" src="https://www.newsbtc.com/wp-content/uploads/2023/11/Etheeum-36000.png?w=460&amp;resize=460%2C259" alt="Etheeum $36,000" width="460" height="259" srcset="https://www.newsbtc.com/wp-content/uploads/2023/11/Etheeum-36000.png?w=512 512w, https://www.newsbtc.com/wp-content/uploads/2023/11/Etheeum-36000.png?w=460&amp;resize=460%2C259 460w" sizes="(max-width: 460px) 100vw, 460px" data-recalc-dims="1"> 
Alongside the prediction of $36,800 in 2030, the blockchain analytics platform projects that Ethereum could also enjoy an 80% market share among Layer 1 networks. The network could reach a monthly revenue of $109,668 in the best-case scenario (dependent on 2030 being a bull year). 
<h2 id="ethereum-s-price-in-the-next-bull-cycle">Ethereum’s Price In The Next Bull Cycle</h2> 
Meanwhile, Token Terminal also gave an insight into what Ethereum’s price could look like in the <a href="https://bitcoinist.com/another-bull-run-is-close/#:~:text=This%20Crypto%20Founder%20Believes%20Another%20Bitcoin%20Bull%20Run%20Is%20Close%2C%20Here's%20Why,-by%20Scott%20Matherson&amp;text=Several%20crypto%20analysts%20have%20continued,next%20bull%20run%20will%20occur." rel="nofollow">next bull run</a>. According to the platform, the crypto token could rise to as high as $13,000 at the peak of the bull market. From their projection, the <a href="https://bitcoinist.com/marathon-new-strategy-for-bitcoin-halving/" rel="nofollow">Bitcoin Halving</a> is seen as a catalyst that could spark the next cycle.&nbsp; 
<img loading="lazy" decoding="async" class="alignnone size-medium wp-image-562286 aligncenter" src="https://www.newsbtc.com/wp-content/uploads/2023/11/Ethereum-19.png?w=460&amp;resize=460%2C259" alt="Ethereum" width="460" height="259" srcset="https://www.newsbtc.com/wp-content/uploads/2023/11/Ethereum-19.png?w=512 512w, https://www.newsbtc.com/wp-content/uploads/2023/11/Ethereum-19.png?w=460&amp;resize=460%2C259 460w" sizes="(max-width: 460px) 100vw, 460px" data-recalc-dims="1"> 
The next Bitcoin Halving is expected to take place on April 4, 2024. Based on Token Terminal’s analysis, Ethereum’s price <a href="https://www.newsbtc.com/news/ethereum/ethereum-bulls-may-propel-price-to-3100-analyst-suggests/">could rise to $2,300</a> by then. From that moment, ETH is projected to see an increase of over 469% as it surges to over $13,000 at the peak of the next bull cycle.&nbsp; 
The future of <a href="https://www.newsbtc.com/news/ethereum/ethereum-richest-eth-124-billion/">Ethereum looks really promising</a> based on these forecasts. Above all, Token Terminal expects the network to continue to dominate its competitors in terms of the <a href="https://bitcoinist.com/ethereum-generates-10-billion-revenue-7-years/" rel="nofollow">economic opportunity</a> on it. They predict that <a href="https://bitcoinist.com/analyst-ultra-bullish-ethereum-better-fundamentals/" rel="nofollow">new use cases</a> on Ethereum will spur it to “grow exponentially larger” in the coming years.&nbsp; 
<img loading="lazy" decoding="async" class="aligncenter size-medium" src="https://www.tradingview.com/x/eA023jz9/" alt="Ethereum price chart from Tradingview.com" width="2650" height="1530">

Ethereum To $36,800? Token Terminal Predicts When This Will Happen

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