Market Experts Overhaul Their Ethereum Forecasts: Is a 1,400% spike to $50k on the cards?

Two more than market experts have updated their forecasts for Ethereum, one of them stated that it is possible for the second-largest crypto token to reach for up to $100,000. Interestingly, these ultra-bullish predictions are not far from some of the Brokers/$ financial institutions.

Ethereum To Surge To $50,000

Maximalist for Ethereum Adriano Feria said in an X (formerly Twitter) post that Ethereum could rise to 50000$ in this bull market. He made this bold prediction in relation to Ethereum developer Eric Conner’s statement that ETH will hit $35,000 this cycle. Initially, Conner had postulated that ETH would break $20,000 in this bull run; thus, tweaking his price forecast because of the backlash he was receiving on ‘ETH hate’ after this prognosis.

In the meantime, Feria raised the bar by copiously copying Conner’s steps and boosting the ETH price forecast to $100k for the crypto token. He said that getting to the hate ETH was making him understand that “I rejoice that 99% of the world’s inhabitants are completely disregarded, and organizations have barely scratched the surface. ”

Feria also said that people truly ‘own’ ETH are the ‘world’s elite’, because ETH’s bull case can take the crypto token to $100,000. The analyst has asked that Ethereum has to undergo mainstream acceptance, which if achieves can make his price surge to $100000. This comprises the accumulation of institutional investors in Ethereum network which is already on the way due to the Spot Ethereum ETFs.

Feria is also sure of his forecast and additional to that commented that he wasn’t joking. He identified that some financial institutions have set the bull targets just slightly lower to his price target of $100,000. The analyst might have been referring to one of the financial institutions that came up with one of the following figures; This bull case price target was given by VanEck, which focused on ETH and expected that it would reach $154,000 by 2030.

Why ETH may get to $50,000

Crypto investor Jesse Eckel recently made a bullish case for Ethereum, explaining why Ethereum will not only reach but surpass the $50,000 price target. He alluded to VanEck’s prediction that Bitcoin can reach $52 million by 2050. He claimed that ETH is “objectively better money than BTC,” meaning that the former could easily attain unprecedented heights since VanEck predicts that the flagship crypto will be worth millions of dollars.

Eckel further remarked that Ethereum is currently the “backbone” of onchain finance. He claimed that ETH would “continue to grow as a legitimate form of money” as everything becomes tokenized and trillions of dollars move onchain. The investors also noted how almost every layer-2 network launches under the Ethereum ecosystem.

With such massive adoption on the horizon for ETH, Eckel predicts that Ethereum can even rise to as high as $23 million based on VanEck’s prediction for Bitcoin.

At the time of writing, Ethereum is trading at around $3,170, down over 4%, according to data from CoinMarketCap.

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