✍️ 29 October, 2022 – 6:38 👤 Editor: Jakub Motyka
- The Ethereum (ETH) blockchain is the main source of developments in the world of cryptocurrencies.
- Its native ETH token gains utility with each day. Will it be possible to see ETH at $15,000 one day? Is a $15,000 price prediction for Ethereum realistic?
- The latest news about cryptos, in our Telegram channel.
Ethereum (ETH) is the leading open source platform for the creation and implementation of new Blockchain technologies, with an overall positive price prediction. Its native token, ETH, ranks second by market capitalization, according to data from CoinMarketCap. But is it realistic to talk about if the price of Ethereum can reach $15,000?
With the new PoS consensus model, ETH mining has passed into the hands of validator nodes. This represents a much higher barrier to entry than with conventional mining, in addition to require a commitment to safeguarding the network. This, among other things, makes it one of the assets that has aroused the greatest interest in institutional investors.
Is It Realistic To Expect To See Ethereum (ETH) At $15,000?
The Ethereum blockchain is undergoing a series of updates in order to solve its main problems. Congestion and high transaction fees have been the biggest obstacle to the growth of the network and its ETH token. The Merge, among other things, meant a considerable reduction in the energy consumption necessary to maintain the network.
With the growing adoption, many institutional investors are looking for ways to enter the cryptocurrency market. However, the policies of some countries prevent them from investing in PoW networks, such as Bitcoin, due to its great impact on the environment. In this way, the Merge has made Ethereum the first option for companies and institutions that wish to participate in the crypto market.
It is not unreasonable to think that in a few years, Ethereum will be an important part of the world economy. In part, due to the number of institutions that will want to base their operations or protect their funds in ETH and other cryptocurrencies. In this way, some could even multiply their value several times.
Which Ethereum Price Prediction Indicates That It Will Reach $15,000?
According to the predictions of Raoul Pal, former manager of Goldman Sachs and director of Real Vision, by 2030, the capitalization of the crypto market will be 100 times greater.
With the launch of new projects, and the improvements of existing ones, it is very likely that some cryptocurrencies will be able to multiply their price 10 times by then. From this point of view, it is natural to think that Ethereum could reach $15,000 before 2030, and even exceed this expectation.
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