In a new report released by global investment manager VanEck, Ethereum (ETH) takes center stage as the cryptocurrency with immense growth potential. According to VanEck’s analysis, they predict that the price of ETH will hit $11,800 by the year 2030, positioning it as a formidable competitor to traditional US Treasury bonds.
This projection has caught the attention of cryptocurrency enthusiasts and investors worldwide, as ETH continues to solidify its position as a leading digital asset.
Valuation Methodology And Catalysts
The report, authored by Matthew Sigel, head of digital assets, and Patrick Bush, a research senior investment analyst, delves into the detailed analysis behind VanEck’s Ethereum price prediction.
According to the report, by employing a valuation methodology that accounts for transaction fees, Miner Extractable Value (MEV), and “security as a service,” VanEck calculates the…
