From Nasdaq: 2024-06-27 08:35:00

Ethereum’s value and potential

Ethereum has surged 50% in 2024, mirroring Bitcoin’s gains. With a current price of $3,500, Ethereum could hit $4,891 soon. VanEck predicts a $22,000 price by 2030, backed by Ethereum’s disruptive capabilities in NFTs, DeFi, and potential $15 trillion market opportunity in sectors like finance and AI.

The new spot Ethereum ETFs could bring a massive influx of cash. JPMorgan predicts $3 billion in new investor money, VanEck provides scenarios from $22,000 to $154,000 for Ethereum’s future value. However, risk exists as competition in the blockchain space is fierce, with upstarts challenging established giants.

Consider investing in Ethereum?

While Ethereum has potential, other stocks may offer higher returns. Motley Fool’s 10 best stock picks may outperform Ethereum. Nvidia, for instance, provided substantial returns after being recommended in 2005. Stock Advisor’s guidance has significantly outperformed the S&P 500 since 2002, offering insightful stock picks for investors.

Note: JPMorgan Chase, Coinbase Global, and Ethereum are mentioned in the article. The author holds positions in Bitcoin and Ethereum. The views expressed in this article do not necessarily align with Nasdaq, Inc.

Read more at Nasdaq: Prediction: Ethereum Could Skyrocket to $22,000 by 2030